The computer software assurance market involves services that help ensure the quality, reliability, safety, and security of computer software. CSA services test software code for vulnerabilities, check compliance with industry standards, and validate software functions as intended. With increasing frequency of sophisticated cyber-attacks and data breaches, adoption of CSA services is growing to minimize security risks associated with software vulnerabilities.
The global Computer Software Assurance (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:
Increasing frequency of cyber security breaches is a key trend propelling growth of the CSA market. Cyber criminals are consistently finding new vulnerabilities in software codes that can be exploited for data theft and network intrusions. High-profile cyber-attacks on major corporations in recent times have heightened awareness about economic and reputational risks of unsecured systems. Businesses are increasingly adopting CSA services to identify flaws early and minimize financial losses from security compromises. Continuous testing of software security throughout the development lifecycle is invaluable to mitigate risks of sophisticated cyber threats. As digital transformation continues across industries, demand for robust CSA will further rise to ensure resilient software infrastructure.
SWOT Analysis
Strength: CSA enables organizations to strengthen their cybersecurity posture and protect sensitive data and information systems from constantly evolving cyber threats. It helps in establishing solid security standards and best practices.
Weakness: Implementation of CSA requires significant upfront investments and ongoing operational costs. Managing the assurance process across multiple vendors, technologies and global locations can also be challenging.
Opportunity: Rising concerns around data privacy regulations and frequent cyber attacks are prompting many organizations to adopt robust assurance programs. Growing focus on regulatory compliance and security certification creates market opportunities.
Threats: Changing technology landscape and emergence of new threats like zero-day vulnerabilities pose challenges. Lack of resources and skills shortage in the industry also act as threats.
Key Takeaways
The global Computer Software Assurance market is expected to witness high growth. The global Computer Software Assurance (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.
North America currently dominates the CSA market owing to stringent data privacy laws and early adoption of assurance practices among organizations. Asia Pacific is expected to grow at the fastest pace during the forecast period due to increasing investments in cybersecurity by enterprises across industries in countries like India and China.
Key players operating in the Computer Software Assurance 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. These leaders are focusing on innovations and partnerships to strengthen their market position.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
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