The Business Research Company’s Digital Assurance Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Digital Assurance Global Market Report 2023 evaluates digital assurance market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global digital assurance market size grew from $4.9 billion in 2022 to $5.79 billion in 2023 at a compound annual growth rate (CAGR) of 18.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital assurance market size is expected to grow to $11.09 billion in 2027 at a CAGR of 17.7%.
The digital assurance market segments in the report are:
Digital Assurance Market By Testing Type :
Network Testing
Application Programming Interface Testing
Functional Testing,
sability Testing
Security Testing
Performance Testing
Digital Assurance Market By Technology :
Social Media
Mobile
Analytics
Cloud
Digital Assurance Market By Vertical :
Government and Defense
Manufacturing
Banking
Financial Services, and Insurance (BFSI)
Energy and Utilities
IT and Telecommunications
Other Verticals
Top Major Players
North America was the largest region in the digital assurance market in 2022.
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The table of contents in TBRC’s digital assurance market report includes:
1. Executive Summary
2. Digital Assurance Market Characteristics
3. Digital Assurance Market Trends And Strategies
4. Digital Assurance Market – Macro Economic Scenario
5. Digital Assurance Market Size And Growth
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26. Africa Digital Assurance Market
27. Digital Assurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Assurance Market
29. Digital Assurance Market Future Outlook and Potential Analysis
30. Appendix
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According to TMR, the Global Digital Assurance market accounted for $2.66 billion in 2017 and is expected to reach $9.73 billion by 2026 growing at a CAGR of 15.5 % during the forecast period.
Some of the key factors such as increasing need of API monitoring and rising use of agile and devops methodologies in SDLC are driving the market growth.
However, the shadow IT is a major risk area for organizations is the restraining factor for the market growth.
Moreover, open source testing tools explore untapped potential and advancements in testing with the infusion of AI and machine learning technologies will provide ample opportunities for the market growth.Digital assurance is the practice of assuring smooth connections between different parts of digital ecosystems incorporating interconnected individuals, procedures and things cutting over the social, mobile, analytics and cloud stack.
By technology, cloud segment is likely to grow significantly during the forecast period as it is widely adopted by various enterprises across the globe, as cloud-based software and applications are cost-efficient and can be deployed even in a basic IT infrastructure.
By geography, North America is expected to observe significant growth in the forecast period, mainly due to the increase in the adoption of digital technologies, agile and devops for Quality Assurance (QA), and testing activities in the region.
Digital assurance market Quality assurance is the quality assurance activities that ensure seamless interactions between various sections of digital environments that integrate integrated entities, processes, and issues that reach through social, web, analytics, and cloud stack.
Digital assurance practices become critical for the organization that is facing complexities from the environment both internally and externally.Increased usage of DevOps and Agile in SDLC, increased usage of test automation leads to lowering operational costs and the need of API monitoring is growing in digital economy are the factors driving the growth of digital assurance market.
Low expertise and low complete test coverage are restraining the digital assurance market.
A safe testing environment is being offered by service virtualization which acts as an opportunity.
Challenges related to operations are faced by the digital assurance market.This digital assurance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research digital assurance market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.This Global Digital Assurance Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
