Digital Assurance Market Research and Strategies for Expansion 2024-2033: Aligning Trends, Growth

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Digital Assurance Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $12.46 billion In 2028 At A CAGR Of 17.3% :

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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Digital Assurance Market Major Segments
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

Key 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.

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Prominent 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.

Digital Assurance Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the digital assurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Assurance Market Report Structure
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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