Digital Assurance Market by Testing Mode (Manual Testing and Test Automation), Testing Type (API, Functional, Network, Performance, Security, and Usability Testing), Technology (SMAC), Organization Size, Vertical, and Region - Global Forecast to 2022
The digital assurance market is projected to grow at a CAGR of 13.5% during the forecast period
The digital assurance market size is expected to grow from USD 2.90 billion in 2017 to USD 5.47 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. The growing need of Application Programming Interface (API) monitoring in the digital economy and the increasing use of agile and DevOps methodologies are some of the major drivers that are expected to increase the demand for digital assurance. Shadow IT is a major risk area for organizations and can restrain the growth of the digital assurance market.
Test automation segment is expected to grow at the fastest rate during the forecast period
The test automation segment is expected to witness the fastest growth rate during the forecast period. Test automation is a technique that tests the entire life cycle of a software in lesser time and provides efficiency and effectiveness. Many tests are becoming automated across different layers of an application due to the transformation in technology and associated complexities.
Security testing type is expected to grow at the fastest rate during the forecast period
The security testing type is expected to witness the fastest growth rate during the forecast period. Security testing focuses on finding all the possible loopholes and weaknesses in a digital ecosystem. With the increase in cybersecurity, security testing checks whether a system under test meets the security parameters, such as authentication, authorization, confidentiality, and integrity, thus increasing the demand for security testing.
Large enterprises segment is expected to hold a larger market share during the forecast period
The large enterprises segment is expected to have a larger market share owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets, and therefore consider larger digital assurance.
APAC is expected to grow at the fastest rate during the forecast period
As per the geographic analysis, the Asia Pacific (APAC) region is expected to witness the fastest growth rate in the digital assurance market, due to the increased adoption of Social Media, Mobile, Analytics, and Cloud (SMAC) technologies. Companies in this region are migrating their core business applications to new cloud platforms to save the cost. The major countries contributing to the growth of the digital assurance market in this region are China, India, Japan, Singapore, New Zealand, and Australia. The digital assurance vendors are therefore expanding their presence in this region to capitalize growth opportunities.
The break-up profiles of the primary discussion participants are given below:
1. Capgemini (France)
2. Micro Focus (UK)
3. Accenture (Republic of Ireland)
4. Cognizant (US)
5. Cigniti (India)
6. Hexaware (India)
7. SQS (Germany)
8. TCS (India)
9. Wipro (India)
10. Maveric Systems (India)
Research Coverage
The global digital assurance market has been segmented by testing mode, testing type, technology, organization size, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions. In addition to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.
Reasons to Buy the Report
The report will help the market leaders/new entrants in the digital assurance market in the following ways:
1. The report segments the digital assurance market comprehensively to provide the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to enhance their position in the market.
The digital assurance market size is expected to grow from USD 2.90 billion in 2017 to USD 5.47 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. The growing need of Application Programming Interface (API) monitoring in the digital economy and the increasing use of agile and DevOps methodologies are some of the major drivers that are expected to increase the demand for digital assurance. Shadow IT is a major risk area for organizations and can restrain the growth of the digital assurance market.
Test automation segment is expected to grow at the fastest rate during the forecast period
The test automation segment is expected to witness the fastest growth rate during the forecast period. Test automation is a technique that tests the entire life cycle of a software in lesser time and provides efficiency and effectiveness. Many tests are becoming automated across different layers of an application due to the transformation in technology and associated complexities.
Security testing type is expected to grow at the fastest rate during the forecast period
The security testing type is expected to witness the fastest growth rate during the forecast period. Security testing focuses on finding all the possible loopholes and weaknesses in a digital ecosystem. With the increase in cybersecurity, security testing checks whether a system under test meets the security parameters, such as authentication, authorization, confidentiality, and integrity, thus increasing the demand for security testing.
Large enterprises segment is expected to hold a larger market share during the forecast period
The large enterprises segment is expected to have a larger market share owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets, and therefore consider larger digital assurance.
APAC is expected to grow at the fastest rate during the forecast period
As per the geographic analysis, the Asia Pacific (APAC) region is expected to witness the fastest growth rate in the digital assurance market, due to the increased adoption of Social Media, Mobile, Analytics, and Cloud (SMAC) technologies. Companies in this region are migrating their core business applications to new cloud platforms to save the cost. The major countries contributing to the growth of the digital assurance market in this region are China, India, Japan, Singapore, New Zealand, and Australia. The digital assurance vendors are therefore expanding their presence in this region to capitalize growth opportunities.
The break-up profiles of the primary discussion participants are given below:
- By Company Type: Tier 1 (30%), Tier 2 (40%), and Tier 3 (30%)
- By Designation: C-Level (40%), Director Level (25%), and Manager Level (35%)
- By Region: North America (35%), APAC (30%), Europe (25%), and RoW (10%)
1. Capgemini (France)
2. Micro Focus (UK)
3. Accenture (Republic of Ireland)
4. Cognizant (US)
5. Cigniti (India)
6. Hexaware (India)
7. SQS (Germany)
8. TCS (India)
9. Wipro (India)
10. Maveric Systems (India)
Research Coverage
The global digital assurance market has been segmented by testing mode, testing type, technology, organization size, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions. In addition to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.
Reasons to Buy the Report
The report will help the market leaders/new entrants in the digital assurance market in the following ways:
1. The report segments the digital assurance market comprehensively to provide the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to enhance their position in the market.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DIGITAL ASSURANCE MARKET
4.2 DIGITAL ASSURANCE MARKET, BY TESTING MODE
4.3 DIGITAL ASSURANCE MARKET, BY TESTING TYPE
4.4 DIGITAL ASSURANCE MARKET, BY TECHNOLOGY
4.5 DIGITAL ASSURANCE MARKET, BY ORGANIZATION SIZE
4.6 DIGITAL ASSURANCE MARKET, BY VERTICAL
4.7 DIGITAL ASSURANCE MARKET, BY REGION
4.8 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Digital transformation is paving the way for digital assurance
5.2.1.2 The increasing use of agile and DevOps methodologies in SDLC
5.2.1.3 The increasing use of test automation leads to lower the operational costs and enhance the QA
5.2.1.4 Growing need of API monitoring in the digital economy
5.2.2 RESTRAINTS
5.2.2.1 Shadow IT is a major risk area for organizations
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in testing with the infusion of AI and machine learning technologies
5.2.3.2 Service virtualization offers a safe testing environment
5.2.3.3 Open source testing tools explore untapped potential
5.2.4 CHALLENGES
5.2.4.1 Lack of expertise and reluctance to adopting new testing methods
5.2.4.2 Lack of complete test coverage, ranging from testing every possible input to every possible variable
5.2.4.3 Operational challenges
5.3 USE CASES
6 DIGITAL ASSURANCE MARKET, BY TESTING MODE
6.1 INTRODUCTION
6.2 MANUAL TESTING
6.3 TEST AUTOMATION
7 DIGITAL ASSURANCE MARKET, BY TESTING TYPE
7.1 INTRODUCTION
7.2 APPLICATION PROGRAMMING INTERFACE TESTING
7.3 FUNCTIONAL TESTING
7.4 NETWORK TESTING
7.5 PERFORMANCE TESTING
7.6 SECURITY TESTING
7.7 USABILITY TESTING
8 DIGITAL ASSURANCE MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
8.2 SOCIAL MEDIA
8.3 MOBILE
8.4 ANALYTICS
8.5 CLOUD
9 DIGITAL ASSURANCE MARKET, BY ORGANIZATION SIZE
9.1 INTRODUCTION
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES
9.3 LARGE ENTERPRISES
10 DIGITAL ASSURANCE MARKET, BY VERTICAL
10.1 INTRODUCTION
10.2 GOVERNMENT AND PUBLIC SECTOR
10.3 BANKING, FINANCIAL SERVICES, AND INSURANCE
10.4 TELECOM, AND MEDIA AND ENTERTAINMENT
10.5 HEALTHCARE AND LIFE SCIENCES
10.6 RETAIL AND ECOMMERCE
10.7 MANUFACTURING
10.8 TRANSPORTATION AND LOGISTICS
10.9 OTHERS
11 DIGITAL ASSURANCE MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.3 EUROPE
11.4 ASIA PACIFIC
11.5 LATIN AMERICA
11.6 MIDDLE EAST AND AFRICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET RANKING ANALYSIS
12.3 COMPETITIVE SCENARIO
12.3.1 NEW PRODUCT/SERVICE/SOLUTION LAUNCHES
12.3.2 BUSINESS EXPANSIONS
12.3.3 MERGERS AND ACQUISITIONS
12.3.4 AGREEMENTS AND PARTNERSHIPS
13 COMPANY PROFILES
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.1 CAPGEMINI
13.2 MICRO FOCUS
13.3 ACCENTURE
13.4 COGNIZANT
13.5 CIGNITI
13.6 HEXAWARE
13.7 SQS
13.8 TCS
13.9 WIPRO
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.4 AVAILABLE CUSTOMIZATION
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DIGITAL ASSURANCE MARKET
4.2 DIGITAL ASSURANCE MARKET, BY TESTING MODE
4.3 DIGITAL ASSURANCE MARKET, BY TESTING TYPE
4.4 DIGITAL ASSURANCE MARKET, BY TECHNOLOGY
4.5 DIGITAL ASSURANCE MARKET, BY ORGANIZATION SIZE
4.6 DIGITAL ASSURANCE MARKET, BY VERTICAL
4.7 DIGITAL ASSURANCE MARKET, BY REGION
4.8 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Digital transformation is paving the way for digital assurance
5.2.1.2 The increasing use of agile and DevOps methodologies in SDLC
5.2.1.3 The increasing use of test automation leads to lower the operational costs and enhance the QA
5.2.1.4 Growing need of API monitoring in the digital economy
5.2.2 RESTRAINTS
5.2.2.1 Shadow IT is a major risk area for organizations
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in testing with the infusion of AI and machine learning technologies
5.2.3.2 Service virtualization offers a safe testing environment
5.2.3.3 Open source testing tools explore untapped potential
5.2.4 CHALLENGES
5.2.4.1 Lack of expertise and reluctance to adopting new testing methods
5.2.4.2 Lack of complete test coverage, ranging from testing every possible input to every possible variable
5.2.4.3 Operational challenges
5.3 USE CASES
6 DIGITAL ASSURANCE MARKET, BY TESTING MODE
6.1 INTRODUCTION
6.2 MANUAL TESTING
6.3 TEST AUTOMATION
7 DIGITAL ASSURANCE MARKET, BY TESTING TYPE
7.1 INTRODUCTION
7.2 APPLICATION PROGRAMMING INTERFACE TESTING
7.3 FUNCTIONAL TESTING
7.4 NETWORK TESTING
7.5 PERFORMANCE TESTING
7.6 SECURITY TESTING
7.7 USABILITY TESTING
8 DIGITAL ASSURANCE MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
8.2 SOCIAL MEDIA
8.3 MOBILE
8.4 ANALYTICS
8.5 CLOUD
9 DIGITAL ASSURANCE MARKET, BY ORGANIZATION SIZE
9.1 INTRODUCTION
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES
9.3 LARGE ENTERPRISES
10 DIGITAL ASSURANCE MARKET, BY VERTICAL
10.1 INTRODUCTION
10.2 GOVERNMENT AND PUBLIC SECTOR
10.3 BANKING, FINANCIAL SERVICES, AND INSURANCE
10.4 TELECOM, AND MEDIA AND ENTERTAINMENT
10.5 HEALTHCARE AND LIFE SCIENCES
10.6 RETAIL AND ECOMMERCE
10.7 MANUFACTURING
10.8 TRANSPORTATION AND LOGISTICS
10.9 OTHERS
11 DIGITAL ASSURANCE MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.3 EUROPE
11.4 ASIA PACIFIC
11.5 LATIN AMERICA
11.6 MIDDLE EAST AND AFRICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET RANKING ANALYSIS
12.3 COMPETITIVE SCENARIO
12.3.1 NEW PRODUCT/SERVICE/SOLUTION LAUNCHES
12.3.2 BUSINESS EXPANSIONS
12.3.3 MERGERS AND ACQUISITIONS
12.3.4 AGREEMENTS AND PARTNERSHIPS
13 COMPANY PROFILES
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.1 CAPGEMINI
13.2 MICRO FOCUS
13.3 ACCENTURE
13.4 COGNIZANT
13.5 CIGNITI
13.6 HEXAWARE
13.7 SQS
13.8 TCS
13.9 WIPRO
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.4 AVAILABLE CUSTOMIZATION
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
LIST OF TABLES
Table 1 UNITED STATES DOLLAR EXCHANGE RATE, 2014–2017
Table 2 DIGITAL ASSURANCE MARKET: ASSUMPTIONS
Table 3 DIGITAL ASSURANCE MARKET: USE CASES
Table 4 DIGITAL ASSURANCE MARKET SIZE, BY TESTING MODE, 2015–20
Table 1 UNITED STATES DOLLAR EXCHANGE RATE, 2014–2017
Table 2 DIGITAL ASSURANCE MARKET: ASSUMPTIONS
Table 3 DIGITAL ASSURANCE MARKET: USE CASES
Table 4 DIGITAL ASSURANCE MARKET SIZE, BY TESTING MODE, 2015–20
