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Digital Assurance Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Capgemini SE, DXC Technology Company, Accentur*e PLC, Cognizant Technology Solutions Corporation

Digital Assurance  Market Size

Digital Assurance Market Size

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2240

The Business Research Company offers in-depth market insights through Digital Assurance Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The digital assurance market size has grown rapidly in recent years. It will grow from $5.62 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to end-to-end testing for seamless integration, collaboration with devops, focus on performance and scalability, mobile application proliferation, automation and test scripting..

The digital assurance market size is expected to see rapid growth in the next few years. It will grow to $12.46 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to resilience and chaos engineering, demand for cognitive testing and predictive analytics, shift from quality assurance to quality engineering, integration of iot and edge computing, focus on performance engineering, globalization of development and testing efforts.. Major trends in the forecast period include blockchain testing, predictive analytics for testing, agile and devops transformation, ai-driven testing and test automation, shift-left testing practices, focus on customer experience testing..

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Market Segmentation:
The digital assurance market covered in this report is segmented -

1) By Testing Type: Network Testing, Application Programming Interface Testing, Functional Testing, Usability Testing, Security Testing, Performance Testing
2) By Technology: Social media, Mobile, Analytics, Cloud
3) By Vertical: Government and Defense, Manufacturing, Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, IT and Telecommunications, Other Verticals

Major Driver - Growing Digital Transformation Initiatives Fueling Digital Assurance Market Growth
The growing digital transformation initiatives by IT companies will propel the digital assurance market. Digital transformation is employing digital technology to develop new or adapt current business processes, culture, and customer experiences to suit changing business and market requirements. It is being applied in almost every organization owing to the growing need for digitalization. Digital assurance is a quality assurance process that ensures smooth interactions between various components of the digital ecosystem and networks, proving crucial for companies undergoing digital transformation. According to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Thus, growing digital transformation initiatives by IT companies drive the digital assurance market growth.

Competitive Landscape:
Major companies operating in the digital assurance market report are Capgemini SE, DXC Technology Company, Accentur*e PLC, Cognizant Technology Solutions Corporation, Cigniti Technologies, Hexaware technologies Ltd., The International Business Machines Corporation, Infosys Limited, Maveric Systems, Micro Focus International plc, Mindtree Limited, NTT Data Corporation, Qualitest Group, SQS Software Quality Systems AG, Tata Consultancy Services Limited (TCS), Tech Mahindra Limited, Wipro Limited, Atos SE, HCL Technologies Limited, Happiest Minds Technologies Private Limited, Infostretch Corporation, Katalon LLC, Larsen & Toubro Infotech Limited (LTI), Mphasis Limited, Nagarro SE, Nihilent Limited, Persistent Systems Limited, QASource Inc., Softura Inc., Techwave Consulting Inc.

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Top Trend - Artificial Intelligence In The Digital Assurance Market
Technological innovation is a key trend in the digital assurance market. Automation and artificial intelligence are used in API to gain efficiency. API testing may benefit significantly from automation and artificial intelligence. Adding intelligence provides an excellent opportunity to improve automated testing to work with business logic. For instance, in October 2021, Wipro is an Indian multinational corporation that provides information technology, consultant and business process services and Apptio a US based Software company announced the launch of a technology business management practice to help firms better evaluate the cost, quality, and return of their technology investments.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Assurance Market Characteristics
3. Digital Assurance Market Trends And Strategies
4. Digital Assurance Market - Macro Economic Scenario
5. Digital Assurance Market Size And Growth
…..
27. Digital Assurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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