July 17, 2024

Global Computer Software Assurance (CSA) Market Is Estimated To Witness High Growth Owing To Increasing Demand For Ongoing Quality Assurance Of Software Applications And Rising Concerns Regarding Cyber Security

Overview:

Computer software assurance is an increasingly important aspect of regulated life science processes. It ensures that the systems used for production and quality system operations do exactly what they are supposed to do in a consistent and reproducible way, guaranteeing data integrity and product safety.

The CSA approach allows manufacturers to reduce their validation effort and documentation burden by focusing on testing, rather than documenting, and by using unscripted testing for low and medium risk features. It also lets companies leverage vendor documentation when possible, and for out-of-the-box software vendors, this can be a substantial saving of time, resources and money.

Market Dynamics:

Rising partnerships among key players is estimated to augment growth of the global Computer Software Assurance (CSA) Market during the forecast period. For instance, Blue Yonder and Accenture entered in a partnership in 2021, for creating an intelligent supply chain solution. This new solution will help in enhancing the resilience and agility their supply chains. Moreover, lack of education and awareness is anticipated to restrain growth of the global computer software assurance (CSA) for market during the forecast period.

Impact of COVID-19:

The pandemic led to increase in adoption of digital technologies in many companies. This resulted in rising demand for digital assurance services. During the pandemic, several individuals were working remotely and using digital tools. Rising complexity of software programs and increasing demand for thorough testing and quality assurance services resulted in causing a positive impact on the growth of the market.

This had a positive impact on the global computer software assurance (CSA) for market globally. Thus, the pandemic augmented growth of the market. However, the market was facing challenges owing to lack of skilled professionals and the rising cost of digital assurance services.

 Key Takeaways:

The global Computer Software Assurance (CSA) Market is expected to witness high growth, exhibiting CAGR of 13 % over the forecast period, due to rising product launches by key players. For instance, a new AI-powered testing tool IBM Cloud Code Engine, was released by IBM in 2021. This tool will help in enhancing the speed and effectiveness of application testing.

The research and application of quantum-based encryption technology is the primary focus of the Quantum Key Distribution Market, an industry that is constantly growing. QKD generates and distributes encryption keys using quantum mechanical principles, offering unmatched protection against hacking and eavesdropping efforts. QKD provides a quantum-resistant solution that enables secure communication and data transmission in response to the growing possibility that quantum computers will be able to break conventional encryption techniques.

North America is anticipated to witness significant growth in the global computer software assurance (CSA) for market during the forecast period, due to growing adoption of software and increasing advanced technology infrastructure.

Key players operating in the global Computer Software Assurance (CSA) Market are Micro Focus International plc, IBM Corporation, Atos SE, Accenture, Wipro Limited, Hexaware Technologies, Capgemini, Infosys Limited, Cognizant, and Infosys Limited.