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Global automated software quality market: 6.3% CAGR estimated between 2012-16
Global Automated Software Quality Market 2012-2016 - a new market research report on 2014-04-17 06:18:04
The Global Automated Software Quality market is to grow at a CAGR of 6.27 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for enterprises to increase productivity. The Global Automated Software market has also been witnessing an increasing number of mergers and acquisitions. However, the lack of skilled resources could pose a challenge to the growth of this market.
The Global ASQ market is witnessing many merger and acquisitions activities that are leading to market consolidation. This strategy is beneficial for large vendors that are looking to increase their market size, and acquire knowledge of a specific domain or client in a particular geographic region. Such merger and acquisition activities enable companies to further diversify their product portfolio by introducing new products for different industry verticals. It also increases the market reach of the product, thereby increasing their top line revenues. Many global firms such as IBM, Micro Focus, and Mu Dynamics are increasing their market presence through the acquisition of smaller players. For instance, in 2012, Green Hat was acquired by IBM and Mu Dynamics was acquired by Spirent. In addition, DeviceAnywhere was acquired by Keynote in order to provide mobile-based testing capability, DynaTrace by Compuware to acquire the capability of code analysis, and acquisition of Interactive TKO by CA Technologies Inc. Thus, with the rise in merger and acquisition activities, ASQ vendors are increasing their market presence and hence increasing the overall market for the Global ASQ market.
One of the major drivers is the drive among companies for improved productivity. With resources shrinking and continuous pressure to perform better than the competitors, there is no room for committing coding errors. This scenario has led to an increase in the demand for ASQ solutions.
The shortage of skilled labour is one of the major challenges confronting this market. Running automated software is in itself is a very technical procedure and on top of it, performing quality check during each and every phase of automated software development requires skilled labour, which is posing a challenge to the Global ASQ market.
The key vendors dominating this space include Hewlett- Packard Corp., IBM Corp. Micro Focus International plc, and Oracle Corp.
The other vendors mentioned are ASG Software Solutions, CA Technologies, CAST Software, Coverity Inc., Empirix Inc., Fortify Software, Parasoft Software Pvt. Ltd., Interactive TKO Inc., Keynote Systems Inc., Seapine Software, RadView Software Inc., Sparx Systems, Soasta Inc., and VMware Inc.
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