The Computer Software Assurance (CSA) market is estimated to be valued at US$ 8.48 billion 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 Overview: The Computer Software Assurance (CSA) market involves the implementation of strategies and practices to ensure the security, reliability, and quality of computer software. It includes the use of various tools and technologies such as code auditing, vulnerability scanning, and penetration testing to identify and eliminate potential security risks. CSA finds applications in industries such as healthcare, banking, financial services, and telecommunications. Market Dynamics: The growing need for data security and protection against cyber threats is the major driver for the Computer Software Assurance (CSA) market. With the increasing digitization of businesses and the rising number of cyber-attacks, organizations are actively seeking robust software assurance solutions to safeguard their sensitive data. Additionally, the growing opportunities in emerging economies, where there is a rapid adoption of digital technologies, are further boosting the market growth. These regions offer immense potential for the implementation of CSA solutions to address the increasing security concerns. Segment Analysis: The Computer Software Assurance (CSA) market can be segmented based on the type of software assurance services offered. One dominating sub-segment is the application security testing segment. This is because with the increasing complexity of software applications and the rise in cyber threats, organizations are focusing on ensuring the security of their applications. Application security testing helps in identifying vulnerabilities and weaknesses in software applications, thereby enabling organizations to proactively address security issues. This sub-segment is dominating due to the growing importance of application security and the rising number of cyber-attacks targeting software applications. PEST Analysis:
The Global Computer Software Assurance (CSA) Market Demand is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period of 2023-2030. This growth can be attributed to several factors, including the increasing adoption of digital technologies by organizations, the growing number of cyber-attacks targeting software applications, and the rising importance of data privacy and security. In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the Computer Software Assurance market. This can be attributed to the presence of major IT companies, increasing cybersecurity regulations, and the growing awareness about the need for software security in the region. Key players operating in the Computer Software Assurance market include IBM Corporation, Accenture PLC, Cognizant Technology Solutions Corporation, Capgemini SE, Hewlett Packard Enterprise (HPE), Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited (EY), KPMG International Cooperative, PricewaterhouseCoopers (PwC), Synopsys, Inc., Micro Focus International plc, Veracode (Acquired by Thoma Bravo), Trustwave Holdings, Inc., WhiteHat Security (Acquired by NTT Ltd.), and Rapid7, Inc. These key players have a strong market presence and offer a wide range of software assurance services to cater to the growing demand. Read More - https://www.newsstatix.com/computer-software-assurance-csa-market-trends-and-size-analysis/
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