Computer Software Assurance (CSA) helps ensure the reliability, safety, and security of computer systems by verifying and validating that developed software and its associated data meet and adhere to pre-defined requirements. CSA evaluates software code to detect vulnerabilities, errors, and weaknesses, which could be exploited by cyber criminals. It identifies security gaps, issues, and bugs in software during development and provides guidance on how to address them. The growing need for cyber security due to rising cyber threats has raised spending on CSA services across industries significantly.
The global Computer Software Assurance (CSA) Market is estimated to be valued at US$ 189 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 increased cyber security spending can be attributed to the rising adoption of digital technologies and growing number of connected devices that have amplified the attack surface for hackers. According to Gartner, worldwide security and risk management spending is projected to reach $150.4 billion in 2022. With more organizations migrating operations to cloud and adopting advanced technologies like AI, IoT, and blockchain, security needs are rising exponentially. Continuous evaluation of software codes through CSA ensures robust defense against cyber threats across evolving technology landscapes. This continued evaluation and validation of software reliability and security is fueling demand for CSA services.
SWOT Analysis
Strength: CSA solutions help organizations ensure code quality, security and compliance with standards through automated testing and reviews. This improves overall software development.
Weakness: Expensive cost of implementation and maintenance of CSA solutions hampers adoption, especially among small organizations. Lack of skilled professionals to handle CSA also poses challenges.
Opportunity: Increasing regulations around data privacy and security is driving more organizations to adopt CSA to minimize risks.Growing adoption of DevOps practices also creates demand for integrating CSA in development lifecycles.
Threats: Open source CSA tools pose pricing pressure on commercial vendors. Lack of integration standards makes it difficult to choose solutions that work across the development toolchain.
Key Takeaways
The global Computer Software Assurance (CSA) Market is expected to witness high growth driven by expanding regulations around data security and privacy.
North America currently dominates the CSA market owing to stringent compliance requirements and early adoption among organizations.
Key players operating in the CSA market are Microsoft, JetBrains, Synopsys, Perforce (Rational), Micro Focus, SonarSource, Checkmarx, Veracode, Codenomicon and WhiteHat Security.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
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