PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392028
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392028
The global computer software assurance (CSA) market is estimated to be valued at US$ 8.48 Billion in 2023 and is expected to reach US$ 20.00 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 8.48 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 13.00% | 2030 Value Projection: | US$ 20.00 Bn |
Computer Software Assurance (CSA) refers to the security of software and the processes involved in developing it. With the growing sophistication of cyber threats and frequent data breaches involving software vulnerabilities, assessing and improving the security, quality and safety of software systems has become a major priority for governments and enterprises worldwide. The CSA market aims to address these issues by providing tools and services that enable systematic analysis, validation, and monitoring of software throughout its lifecycle. This helps identify weaknesses early, reduce security risks, and ensure software adheres to established standards. With more critical infrastructure and services moving online, software assurance is increasingly vital to economic and national security. Computer software assurance involves the verification and testing of software codes to ensure the bugs, vulnerabilities, security issues are addressed to deliver a quality product. As reliance on software is growing exponentially across various sectors, the demand for computer software testing and assurance is also multiplying. Factors such as growing digitization, popularity of cloud computing and mobile applications are propelling more organizations to focus on thoroughly testing their software products before release. While software issues can impact businesses, assurance helps reduce risks and improve reliability. The Global Computer software Assurance MARKET is therefore expected to continue expanding in the coming years supported by growing spend on quality and security testing.
The global Computer Software Assurance (CSA) market is driven by rising cyber threats targeting software vulnerabilities, stringent regulations around data privacy and security, and growing digitization across industries. However, the market also faces restraints from the high costs associated with CSA solutions and the lack of cybersecurity skills. Meanwhile, opportunities lie in integrating artificial intelligence and machine learning capabilities into software assurance tools to automate parts of the process and handle large code volumes. Adoption is also increasing in emerging technologies like IoT, cloud and mobile apps due to their broader attack surfaces.