Study papers on Digital Assurance market and regional forecast. Digital Assurance market players are Capgemini(France), Micro Focus (UK), Accenture (Republic of Ireland), Cognizant (US), Cigniti (India), Hexaware (India), SQS (Germany), TCS (India), Wipro (India), Maveric Systems (India).
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Digital assurance market size is expected to grow from USD 2.90 billion in 2017 to USD 5.47 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. The growing need of Application Programming Interface (API) monitoring in the digital economy and the increasing use of agile and Dev Ops methodologies are some of the major drivers that are expected to increase the demand for digital assurance.
Shadow IT is a major risk area for organizations and can restrain the growth of the digital assurance market.
- Independent testing service providers
- Test organizations
- Integrated testing service providers
- Managed testing service providers
- Test automation tools providers
- Quality Assurance (QA) and testing managers
As per the geographic analysis, the Asia Pacific (APAC) region is expected to witness the fastest growth rate in the digital assurance market, due to the increased adoption of Social Media, Mobile, Analytics, and Cloud (SMAC) technologies.
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Companies in this region are migrating their core business applications to new cloud platforms to save the cost. The major countries contributing to the growth of the digital assurance market in this region are China, India, Japan, Singapore, New Zealand, and Australia.
The digital assurance vendors are therefore expanding their presence in this region to capitalize growth opportunities.
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The test automation segment is expected to witness the fastest growth rate during the forecast period. Test automation is a technique that tests the entire life cycle of a software in lesser time and provides efficiency and effectiveness.
Many tests are becoming automated across different layers of an application due to the transformation in technology and associated complexities.
The large enterprises segment is expected to have a larger market share owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets, and therefore consider larger digital assurance.
2 Market Ranking Analysis
3 Competitive Scenario
3.1 New Product/Service/Solution Launches
3.2 Business Expansions
3.3 Mergers and Acquisitions
3.4 Agreements and Partnerships
The global digital assurance market has been segmented by testing mode, testing type, technology, organization size, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions.
In addition to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.
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