Quality Management Software Market
The software quality assurance market 2020 is likely to witness a rise in investments. The software is designed to test the performance of different services and solutions. Market Research Future (MRFR)’s observation unveils that the global software quality assurance market is prognosticated to strike 9.6% CAGR across the forecast period. In the report, it has also been shed light on that the valuation of the market is presumed to reach USD 14.01 Bn by the end of 2025.
The availability of a comprehensive set of tests for different verticals is likely to impact the growth pattern of the software quality assurance market positively. Increasing investments across industry domains to enhance performance and efficiency is expected to drive the growth of the software quality assurance market in the foreseeable future. The vendors also provide for experts to identify the deviations and provide solutions. These factors are supposed to accelerate revenue generation for the players in the software quality assurance market on the global front.
Increasing dependency on digitization is poised to motivate investments in the software quality assurance market. It is poised to encourage the growth trajectory of the market by pushing demand for timely tests. Also, the rising volumes of data being generated, in conjunction with increasing installation of data centers, are assumed to drive the growth of the software quality assurance market. Rising popularity of cloud computing is projected to drive the proliferation of the software quality assurance market in the upcoming years. However, problems related to data security are prognosticated to impact the market adversely.
Drivers and Restraints
This rising demand to reduce the total cost of production by enhancing quality is the influential factor accountable for the growth of the market over the review period. The increasing demand for software quality assurance across industry verticals is expected to offer profitable opportunities to the key market players in the global market. Along with this, the adoption of innovative technologies such as analytics for quality assurance is another opportunity for the vendors in the market. Additionally, the issues related to data security in cloud-based deployments are poised to be a restraint for the growth of the market.
Market Segmentation
On the basis of solution, the software quality assurance market has been segmented into supplier quality management, change management, employee training, non-conformances/corrective & preventative, document control, complaint handling, audit management, calibration management, and others.
On the basis of deployment, the software quality assurance market has been bifurcated into cloud and on premise.
On the basis of organization size, the software quality assurance market has been divided into small- and medium-sized enterprise (SME), and large enterprise.
On the basis of vertical, the software quality assurance market has been segmented into IT & telecom, transportation & logistics, defense & aerospace, healthcare, consumer goods & retail, manufacturing, and others.
Segmental Analysis
The global market for software quality assurance has been segmented based on deployment, solution, vertical, organization size, and region/country.
By the solution, the global software quality assurance market has been divided into supplier quality management, change management, non-conformances/corrective & preventative,document control, complaint handling, audit management, employee training, calibration management, and others.
By the deployment, the global software quality assurance market has been divided into cloud and on-premise.
Based on the organization size, the global software quality assurance market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.
On the basis of vertical, the global market for software quality assurance has been segmented into defense & aerospace, IT & telecom, transportation & logistics, manufacturing, healthcare, consumer goods & retail, and others.
More Information@
Software Quality Assurance Market by Type, Growth and Analysis – 2025 | MRFR
Software Quality Assurance Market is required to register a CAGR of 9.6% during the Evaluation…
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