HomeTechnologyArtificial intelligenceGrowing Digital Transformation Initiatives by IT Companies Driving Growth

Growing Digital Transformation Initiatives by IT Companies Driving Growth

DUBLIN, November 25, 2022 /PRNewswire/ — The “Digital Assurance Global Market Report 2022” report added ResearchAndMarkets.coms offer.

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The global digital insurance market is expected to grow $4.28 billion in 2021 to $4.94 billion in 2022 at a compound annual growth rate (CAGR) of 15.53%. The digital insurance market is expected to reach $9.90 billion in 2026 at a CAGR of 18.96%.

The growing digital transformation initiatives of IT companies will drive the digital assurance market. Digital transformation uses digital technology to develop or adapt new business processes, culture and customer experiences to changing business and market requirements. Due to the growing need for digitization, it is used in almost every organization.

Digital assurance is a quality assurance process that ensures smooth interactions between different components of the digital ecosystem and networks, which proves to be crucial for companies undergoing digital transformation. According to the World Economic Forum, digital transformation will add to that $100 trillion to the global economy by 2025. For example, growing digital transformation initiatives by IT companies are driving the digital security market.

Technological innovation is a major trend in the digital insurance market. Automation and artificial intelligence are used in API to gain efficiency. API testing can benefit significantly from automation and artificial intelligence. Adding intelligence provides an excellent opportunity to improve automated testing to work with business logic. Intelligent automated testing can provide a dynamic set of inputs that make sense, enabling more thorough evaluation of the API architecture and more reliable findings.

An updated version of the IBM Cloud Pak for Integration Test and Monitor uses artificial intelligence to analyze API workloads in both production and test environments and detect how APIs are being called. This analysis enables it to detect real-world production API scenarios that are not effectively replicated in the existing test suite and automatically develop tests to close the gap.

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Major players in the digital assurance market include Capgemini, DXC Technology Company, Accenture, Cognizant, Cigniti, Hexaware, SQS, Atos, Wipro, Sogeti, IBM, Oracle, NTT Data, QAssure and HCL Technologies.

The digital assurance market consists of the sale of digital assurance services by entities (organizations, sole proprietors, and partnerships) that refers to a set of quality assurance procedures designed to ensure seamless interactions between various components of digital ecosystems, including networked people, processes, and objects spanning the social, mobile, analytics, and cloud platforms.

The tests offered under digital assurance include network testing, application programming interface testing, functional testing, usability testing, security testing, and performance testing. The network testing solutions and services refer to the process of evaluating and testing the network to find flaws and performance issues, evaluate major network adjustments, and measure network performance.

They run across a variety of digital segments ranging from social media, mobile, analytics, and cloud. They are used by various industries ranging from government and defense, manufacturing, BFSI, energy and utilities, IT and telecommunications, and others.

North America was the largest region in the digital insurance market in 2021. Asia Pacific is expected to be the fastest growing region over the forecast period. The regions covered in the digital security market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Main topics:

1. Summary

2. Market characteristics for digital security

3. Digital Assurance Market Trends and Strategies

4. Impact of COVID-19 on digital security

5. Size and growth of digital security market
5.1. Global Historic Digital Assurance Market, 2016-2021, $Billion
5.1.1. Drivers of the market
5.1.2. Market Restrictions
5.2. Global Digital Assurance Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers of the market
5.2.2. Market Restrictions

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6. Market Segmentation for Digital Assurance
6.1. Global Digital Assurance Market, Segmentation by Test Type, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.2. Global Digital Assurance Market, Segmentation by Technology, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Social media

  • Mobile

  • Analysis

  • Cloud

6.3. Global Digital Assurance Market, Segmentation by Vertical, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Government and Defense

  • production

  • Banking, Financial Services and Insurance (BFSI

  • Energy and utilities

  • IT and Telecommunications

  • Others

7. Regional and country analysis of digital security market
7.1. Global Digital Assurance Market, Split by Region, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
7.2. Global Digital Security Market Breakdown by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, $B

For more information on this report visit https://www.researchandmarkets.com/r/y92mcw

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Research and markets
Laura WoodSenior manager
press@researchandmarkets.com

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SOURCE Research and Markets

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