The CSA market facilitates testing of software code for security vulnerabilities and compliance with industry-defined best practices. It ensure software security, quality, and integrity.
The global CSA market is estimated to be valued at US$ 8.48 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of CSA solutions to comply with regulatory standards has been a major factor driving growth of the market. With increasing instances of data breaches and cyber threats globally, regulatory bodies have defined strict standards for software security and privacy. Moreover, the impact of flaws and vulnerabilities in enterprise software on a company’s reputation and revenue has led to increased focus on CSA. Key players are also developing AI-powered testing solutions to analyze massive volumes of code and identify issues faster. This is expected to further boost the automation and effectiveness of CSA. Advanced technologies are helping organizations ensure robust security and quality throughout the development life cycle.
The computer software assurance (CSA) market is segmented by type, industry verticals and geography. By type, the application security sub-segment dominated the market and accounted for over 30% share of the total market in 2023. Application security helps organizations secure enterprise apps from vulnerabilities, threats, and risks. It provides dynamic, runtime application self-protection capabilities required by today’s complex applications topologies.
The global Computer Software Assurance (CSA) market is expected to witness high growth during the forecast period of 2023-2030. The market size is projected to grow at a CAGR of 13% during the forecast period and is expected to reach a value of US$ 8.48 Bn by 2023.
North America dominated the CSA market with over 40% share in 2023 owing to high technology adoption and presence of leading players in the region. Asia Pacific is projected to be the fastest growing region during the forecast period due to increasing digitalization and initiatives undertaken by governments in various countries to enhance cybersecurity frameworks. China, India, Japan, South Korea are some major countries contributing to growth of the CSA market in the region.
Key players operating in the Computer Software Assurance (CSA) market are IBM Corporation, Accenture PLC, Cognizant Technology Solutions Corporation, Capgemini SE, Hewlett Packard Enterprise, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, KPMG International Cooperative, PricewaterhouseCoopers, Synopsys, Inc., Micro Focus International plc, Veracode, Trustwave Holdings, Inc., WhiteHat Security, Rapid7, Inc. IBM leads the market with over 15% share owing to its expertise in application security testing and monitoring solutions.
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it