Global Software Quality Assurance Market Synopsis
As per the latest study by
Market Research Future Reports (MRFR), the global Software Quality Assurance Market is projected to
flourish at a CAGR of 9.6%, valuing over 14.01 billion by the end of 2025. The
increasing demand for monitoring the cost of manufacturing with efficient
quality is the most significant factor driving the global software quality
market 2020. Moreover, the deployment of advanced technologies like analytics
for promising quality poses as a great opportunity to expand the market.
Besides, the increasing demand for software quality assurance across several
industries to provide profitable opportunities to the established manufacturers
of the worldwide market has increased the demand. In addition, there has been a
rise in the adoption of cloud-based applications. The enterprises are focusing
on the demands of customers, which is another significant factor leading to
market expansion.
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However, the security
issues related to data security are likely to be the restraining factor for the
expansion of the market.
The research performed by
MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise
evaluation of factors augmenting and impeding the market in the post-COVID-19
environment has been analyzed. We will provide COVID-19 impact analysis with
the report.
Market Segmentation
The global software quality
assurance market can be segregated on the basis of deployment, organization
size, solution, vertical, and region.
On the basis of deployment,
the global software quality assurance can be classified into the cloud and
on-premise.
On the basis of organization
size, global software quality assurance can be classified into small- and
medium-sized enterprises (SME), and large enterprise.
On the basis of solution,
the global software quality assurance can be classified into
non-conformances/corrective & preventative, supplier quality management,
change management, audit management, document control, complaint handling,
employee training, calibration management, and others.
On the basis of vertical,
the global software quality assurance can be classified into defense &
aerospace, IT & telecom, transportation & logistics, manufacturing,
consumer goods & retail, healthcare, and others.
On the basis of region, the
global software quality assurance can be classified into North America, Europe,
Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis
The regional evaluation of
North America, Europe, Asia-Pacific, the Middle East & Africa, and South
America has been carried out. As per the analysis by MRFR, North America
dominates the global market. It accounts for the largest market share due to
the rapid adoption of software quality assurance solutions by enterprises. The
major contribution comes from the US, Mexico, and Canada. Among all nations,
the US dominates North America. Besides, the US is the most advanced country in
the world. Moreover, there has been a surge in the usage of cloud-based
applications.
Europe is anticipated to
experience decent growth during the forecast period. Besides, there has been a
fast adoption of software quality assurance in the manufacturing sector is
influencing the market.
Furthermore, the APAC
region is projected to experience exponential growth during the review period.
Among all nations, India, China, and Taiwan make the most significant
contribution to actuating the market. Moreover, the increasing focus to meet
the demands of consumers is another significant factor driving the regional
market.
Key Players
The established players of
the global software quality assurance market are Oracle Corporation (US), Microsoft
Corporation (US), Siemens AG (Germany), MetricStream, Inc. (the US), Iqms, Inc.
(the US), Pilgrim Quality Solution, Inc. (the US), EtQ Management Consultants,
Inc. (the US), Unipoint Software, Inc. (Canada), Verse Solutions, Inc. (US), Enablon (France),
QT9 Software (US), Cority Software Inc. (Canada), Biovia Corp (US), Sparta Systems Inc. (US),
SAP SE (Germany), and few others.
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