Market Research Future (MRFR) projects that the global safety critical software testing market 2020 can record a decent growth over the forecast period, which is between 2018 and 2023.
Esterline Technologies Corporation (US), General Digital Corporation (US), Vector Software, Inc. (US), Parasoft (US), QA Systems GmbH (Germany), CRITICAL Software (Portugal), HP Development Company, L.P. (US), ALD Ltd. (Israel), Verum (The Netherlands), HBM PRENSCIA INC.(US), imbus AG (Germany), Rapita Systems Ltd. (UK), tecmata GmbH (Germany), LDRA (UK), Atkins Limited (UK), are some of the top competitors in the safety critical software testing industry.
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Top Boosters and Main Challenges
Failure or malfunction of safety-critical systems can damage not only the environment but also endanger people's lives. Power station control, nuclear railway control systems, aviation control systems, patient monitors in hospitals, military devices and space shuttles are examples of safety critical software systems. Such systems are subjected to testing to for early detection of hazards that can occur during the development life-cycle. The market consists of numerous companies that offer software as well as tools at varying prices, which help test the safety-critical software. This helps them attract more end-users, while maintaining the customer base in the market.
The increasing deployment of safety critical solutions in a variety of industries is emerging as the top growth booster in the market. For example, the software is extensively used in the health care industry for applications in life support systems and also to provide medical intensive care. They also find applications in nuclear engineering as well as recreation centers like parachutes and amusement rides. Space, railway and aviation industries are increasingly using safety critical software testing solutions, as these are more technologically advanced, and are highly reliable and secure compared to the traditional safety testing solutions.
The continuous technological advancements in critical communication systems can emerge as lucrative opportunities in the safety critical software testing field. Critical communication systems make massive use of the latest technologies like Big Data, artificial intelligence, automation and 5G connectivity, among others. The use of safety critical software testing solutions is expected to increase in these systems, making communication process more efficient and reliable.
Type and vertical are the primary segments based on which the Safety Critical Software Testing Market has been studied and covered in the report.
The types of safety critical software testing are manual testing as well as automation testing. The automation testing category is booming at a higher pace and is set to be the biggest on in the market. Automation testing helps achieve higher safety, quality and security and is generally used to test iterative development processes. Also, this type of testing involves less tedious work compared to manual testing. Apart from this, it provides accurate analysis to significantly boost the bug detection capability with the detection of runtime errors.
The different verticals where the deployment of safety critical software is expected to increase are automotive & transportation, infrastructure, healthcare, aerospace & defense, industrial automation, and others. The healthcare vertical is on track to record the highest growth rate in the coming years, as safety critical software testing has applications in several machinery like infusion pumps and insulin pumps, defibrillator machines and dialysis machines, ventilation systems, robotic surgery machines, radiation therapy machines, among others. Almost every medical system, wearable device, along with healthcare monitoring mobile app is interconnected and collect patient information that is extremely critical. Since these systems need to be highly confidential, reliable and secure, they make extensive use of safety critical software testing, pushing the market growth in the healthcare sector.
The geographical distribution of the market for safety critical software testing comprises Europe, North America, Asia Pacific (APAC), as well as Africa, Latin America and the Middle East that form the rest of the world (RoW) region.
North America is all set to clinch the largest share in the global market over the review period, with the United States (US) occupying close to 80%-85% in the said share. The country is home to a number of renowned players that have a massive customer base. The strong market expansion in the region is also the outcome of the high adoption rate of next-gen technologies like automation, virtualization and analytics technologies. In addition, the surge in the rise of new enterprises and the existence of a huge number of vendors that offer safety critical software testing also benefits the market in North America.
The safety critical software testing market in Europe can progress at the highest rate between 2018 and 2023, with the second highest growth rate anticipated to be achieved by APAC. The number of startups is rising at a striking pace in Europe, providing a substantial boost to the market growth. The unit testing safety critical software market in the region is also noting strong growth, thanks to the presence of numerous countries that have well-established industries and the continuous surge in the product demand. The region has a thriving IT sector, which is regarded as one of the main end-users in the market. Moreover, Verum, Rapita Systems Ltd., QA Systems GmbH, CRITICAL Software and Atkins Limited are some of the top players in Europe that are leading the market to greater heights at a global scale.
LIST OF TABLES
Table 1 Global Safety Critical Software Testing Market, By Region, 2019–2023
Table 2 North America: Global Safety Critical Software Testing Market, By Country, 2019–2023
Table 3 Europe: Global Safety Critical Software Testing Market, By Country, 2019–2023
Table 4 Asia-Pacific: Global Safety Critical Software Testing Market, By Country, 2019–2023
Table 5 Rest Of The World: Global Safety Critical Software Testing Market, By Country, 2019–2023
LIST OF FIGURES
FIGURE 1 Global Safety Critical Software Testing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Safety Critical Software Testing Market
FIGURE 4 Value Chain/Supply Chain Of Global Safety Critical Software Testing Market
FIGURE 5 Share Of Global Safety Critical Software Testing Market In 2017, By Country (In %)
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