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Software Verification Services Size, Trends & Forecasts | Valuates Reports
Software Verification Services Market SizeThe global market for Software Verification Services was valued at US$ 1866 million in the year 2024 and is projected to reach a revised size of US$ 3536 million by 2031, growing at a CAGR of 9.7% during the forecast period.
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The software verification practice confirms the consistency among elements of the software architecture. This implies the determination that the software design, as expressed by the architecture, has been properly formulated and configured to satisfy stakeholder needs. Software verification and validation practices are sometimes confused with testing and quality assurance. However, within the software engineering discipline, software verification involve assessments of the software architecture to determine its fitness to transition to the software implementation stage of development. The software architecture must be continually verified to be internally consistent and validated against stakeholder needs. Software verification must substantiate that the software design will fulfill its intended purpose and, consequently, justifies further investment in the development project.
Increasing Complexity of Software Systems: The growing complexity of software applications, including large-scale enterprise systems and embedded software in various industries, drives the need for comprehensive verification services to ensure functionality and reliability.
Rising Importance of Software Quality: With a heightened focus on delivering high-quality software products, organizations prioritize software verification services to identify and rectify defects, bugs, and vulnerabilities before the software is deployed.
Stringent Compliance and Regulatory Requirements: Industries such as healthcare, finance, and aerospace have strict regulatory requirements for software quality and security. Compliance with standards such as ISO, FDA, and others fuels the demand for verification services.
This report aims to provide a comprehensive presentation of the global market for
Software Verification Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Software Verification Services.
The Software Verification Services market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Software Verification Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
By Type
• Functional Testing
• Integration Testing
• Performance Testing
• Security Testing
By Application
• Aerospace & Defense
• Automotive
• Industrial Automation / Transportation
• Medical Devices
Key Companies
Rapita Systems (Danlaw), Capgemini, Arbor Group, QualiTest, Flatworld Solutions, NCC Group, Promenade Software, Serole Technologies, e-Zest Solutions, TestMatick, HCL Technologies, Boston Atlantic Technology, Micro Circuit Development, T&VS, Escrow London (DataSpace), PureSoftware
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