The digital assurance market is expected to grow from USD 2.90 Billion in 2017 to USD 5.46 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. The major drivers for the digital assurance market are the increasing implementation of digital transformation initiatives, increasing use of agile and DevOps methodologies, and test automation that lowers the operational costs and enhance the Quality Assurance (QA).
The key market players profiled in this report are Accenture (Ireland), Capgemini (France), Cognizant (US), Micro Focus (UK), Cigniti (India), Hexaware (India), SQS (Germany), TCS (India), and Wipro (India). These players offer digital assurance solutions and services, catering to the needs and demands of the market. They have adopted various growth strategies, such as partnerships, agreements, and collaborations; business expansions; and new product launches. The strategy of partnerships, agreements, and collaborations has been the major growth strategy, followed by new product launches.
Capgemini is a leading provider of consulting, technology, and outsourcing services. Capgemini has adopted a mix of organic and inorganic growth strategies, such as new product launches, partnerships, mergers and acquisitions, and business expansions. For instance, in November 2017, Capgemini entered into an alliance partner agreement with Tricentis, an Austria-based firm and a continuous testing platform provider, to transform the testing of agile and DevOps. Additionally, in May 2017, Capgemini launched a new financial services industry’s first cloud-hosted, on-demand, mobile applications testing lab. This lab is based on the SeeTestCloud platform and helped its QA team bring in more innovations.
Micro Focus is the largest pure-play software provider and one of the leading service providers for digital assurance. The company has mainly focused on organic growth strategies in this market. For instance, in November 2017, Micro Focus launched Micro Focus StormRunner Functional, a cloud-based, analytics-powered service, which enables software development teams to test applications across any browser, operating system, or mobile device. Additionally, in September 2017, Micro Focus made significant automation advancements to its Fortify application security portfolio, which enables developers, testers, and operations teams to implement security testing and remediation faster. The updated portfolio offers better performance, expanded language support, and enhancements to Application Programming Interfaces (APIs) and integrations.
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
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