2025-2034 Digital Assurance Market Roadmap: Insights for Competitive Advantage

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How Large Will the Digital Assurance Market Size By 2025?
The growth of the digital assurance market has surged in recent years, expanding from a worth of $6.45 billion in 2024 to a projected value of $7.48 billion in 2025. This reflects a Compound Annual Growth Rate (CAGR) of 15.9%. This marked increase during the historical period is due to several key factors: comprehensive testing for flawless integration, a collaborative approach with DevOps, emphasis on performance and scalability, the widespread impact of mobile applications, as well as automation and test scripting.

How Big Is the Digital Assurance Market Size Expected to Grow by 2029?
There is an anticipation for the digital assurance market size to witness a swift expansion in the upcoming years. Its estimated worth by 2029 is projected to be $14.9 billion, following a compound annual growth rate (CAGR) of 18.8%. This growth during the projected period can be linked to the resilience and chaos engineering, the increasing demand for cognitive testing and predictive analytics, the shift from quality assurance to quality engineering, the integration of IoT and edge computing, focus on performance engineering, and the globalization of development and testing efforts. In the forecast period, significant trends to look out for include blockchain testing, predictive analytics for testing, Agile and DevOps transformation, AI-driven testing and test automation, shift-left testing methods, and a focus on customer experience testing.

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Which Key Market Drivers Powering Digital Assurance Market Expansion and Growth?
IT companies' increasing efforts on digital transformation initiatives are expected to fuel the growth of the digital assurance market. Digital transformation implements digital technology to reshape or modify existing business methods, culture, and client interactions to conform to evolving business and market needs. Its implementation is seen across nearly all organizations due to the rising demand for digitization. Digital assurance, a quality assurance process, plays a crucial role in facilitating fluid interactions between various elements of the digital environment and networks. This is especially important for firms going through digital transformation. As per the World Economic Forum, digital transformation is projected to contribute $100 trillion to the worldwide economy by 2025. Therefore, the escalating digital transformation initiatives by IT companies are bolstering the growth of the digital assurance market.

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Which Fast-Growing Trends Are Poised to Disrupt the Digital Assurance Market?
Technological advancement is a significant trend observed in the digital assurance market. This includes the incorporation of automation and artificial intelligence into API in order to enhance efficiency. Both automation and artificial intelligence can significantly advance API testing. By injecting intelligence, the automation of testing is enriched, allowing it to better align with business logic. For example, in 2023, EY Assurance, a UK-based firm specializing in assurance service, introduced over 25 new abilities, which included AI technologies, with the intention of improving audit and assurance processes. Besides, the firm launched a global AI Assurance framework to guide EY professionals in offering advanced assurance services, concentrating on AI incorporation and risk management. These progressions aim to bolster the efficacy and quality of assurance services, simultaneously aiding organizations on their journey to digital transformation.

What Are the Emerging Segments in the Digital Assurance Market?
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

Subsegments:
1) By Network Testing: Network Performance Testing, Network Security Testing, Network Configuration Testing
2) By Application Programming Interface (API) Testing: Functional API Testing, Load API Testing, Security API Testing
3) By Functional Testing: Smoke Testing, Sanity Testing, Regression Testing, User Acceptance Testing (UAT)
4) By Usability Testing: User Experience (UX) Testing, Accessibility Testing, A Or B Testing
5) By Security Testing: Vulnerability Scanning, Penetration Testing, Security Audits
6) By Performance Testing: Load Testing, Stress Testing, Endurance Testing, Scalability Testing

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Who Are the Global Leaders in the Digital Assurance Market?
Major companies operating in the digital assurance market include Capgemini SE, DXC Technology Company, Acce*nture 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.

Which are the Top Profitable Regional Markets for the Digital Assurance Industry?
North America was the largest region in the digital assurance market in 2024. 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

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