The Global Software Quality Assurance Market, according to market research future (MRFR) is expected to register a CAGR of 9.6% during the forecast period to reach a value of USD 14.01 billion by 2025.
Drivers and Restraints
This rising demand to reduce the total cost of production by enhancing quality is the influential factor accountable for the growth of the market over the review period. The increasing demand for software quality assurance across industry verticals is expected to offer profitable opportunities to the key market players in the global market. Along with this, the adoption of innovative technologies such as analytics for quality assurance is another opportunity for the vendors in the market. Additionally, the issues related to data security in cloud-based deployments are poised to be a restraint for the growth of the market.
The global market for software quality assurance has been segmented based on deployment, solution, vertical, organization size, and region/country.
By the solution, the global software quality assurance market has been divided into supplier quality management, change management, non-conformances/corrective & preventative,document control, complaint handling, audit management, employee training, calibration management, and others.
By the deployment, the global software quality assurance market has been divided into cloud and on-premise.
Based on the organization size, the global software quality assurance market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.
On the basis of vertical, the global market for software quality assurance has been segmented into defense & aerospace, IT & telecom, transportation & logistics, manufacturing, healthcare, consumer goods & retail, and others.
The analysis of the global software quality assurance market has been conducted for Europe,North America, the Middle East & Africa, Asia-Pacific, and South America.
North America holds the maximum share, due to the strategic shift of enterprises deploying software quality assurance solutions due to the growing demand to reduce the overall cost of production by enhancing quality. The market of North America has been segmented into the US, Canada, and Mexico. The US dominates the market in North America since it is the most technologically advanced nation and the growing need to grow organizational effectiveness across verticals.
Europe is poised to be the second-largest market during the review period due to the rising need among enterprises to conform with the regulations levied by governments across the world concerning data protection. The Asia-Pacific is poised to be the fastest-growing market in the global software quality assurance market during the review period. The increase in the adoption of software quality assurance solutions among large enterprises and the increasing need for cloud-based software quality assurance solutions are the key driving factors for the growth of the market in Asia-Pacific.
The key market players in the global software quality assurance market are Oracle Corporation (US), Siemens AG (Germany), Microsoft Corporation (US), Iqms, Inc. (US), MetricStream, Inc. (US), Pilgrim Quality Solution, Inc. (US), EtQ Management Consultants, Inc. (US), Unipoint Software, Inc. (Canada), Verse Solutions, Inc. (US), Enablon (France), Cority Software Inc. (Canada), QT9 Software (US), SAP SE (Germany), Biovia Corp (US), and Sparta Systems Inc. (US). The other market players in the global software quality assurance market consists of Cigniti Technologies Limited (India), Belatrix Software (Argentina), MasterControl, Inc. (US), Intertek Group plc (UK), and many other similar companies.
Software Quality Assurance Market is required to register a CAGR of 9.6% during the Evaluation…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Market Research Future
+1 646 845 9312