Computer software assurance helps ensure the safety, security and reliability of software systems by verifying and validating their properties, functionality and performance. With the growing reliance on software driven technologies across industries such as healthcare, automotive, aerospace etc, ensuring software quality has become imperative. The global computer software assurance market is estimated to be valued at US$ 50 Billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for ensuring software safety from industries such as automotive and medical devices are primarily driving the growth of computer software assurance market. With software powering critical systems and functions, even small defects or security vulnerabilities in software code can lead to significant safety issues. Hence industries are increasingly adopting CSA practices and tools during software development lifecycle to address such concerns. Continuous expansion in automotive and healthcare electronics industry and their software content is further augmenting the demand for CSA. Integration of software assurance tools and services early in development process allows fixing issues quickly and reducing risk of failures. This trend is expected to gain more traction over the forecast period.
Segment Analysis
The global computer software assurance (CSA) market is dominated by the application security sub-segment. This is because application security helps businesses protect their software and web applications from cyber threats and vulnerabilities. It provides security checks for proper authentication, authorization and input validation of applications. The rising number of web and mobile applications have increased the demand for application security solutions in recent years.
Key Takeaways
The global computer software assurance (CSA) market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: The North America region currently dominates the global CSA market due to strict regulatory compliances and rising cyber threats in the US and Canada. However, the Asia Pacific region is expected to grow at the fastest pace during the forecast period due to increasing digitalization and adoption of cloud-based solutions in developing countries like India and China.
Key players operating in the computer software assurance (CSA) market are IBM, Micro Focus, Veracode, Rapid7, Qualys, Checkmarx, AWS, Synopsys, Acunetix, Paladion, Trustwave, Contrast Security, SiteLock, Onapsis, GitLab, Fujitsu and Secure Decisions.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
