About Safety Critical Software Testing
Safety-critical software testing is a meticulous process aimed at ensuring the reliability and integrity of software in systems where failure could lead to serious consequences, such as loss of life, significant property damage, or environmental harm. This software is found in various domains, including aviation, medical devices, automotive, etc. The safety-critical software testing market is expected to continue its strong growth trajectory in the coming years, driven by the increasing demand for safety-critical software, stricter regulations, and technological advancements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 43.6% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Safety Critical Software Testing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CRITICAL Software (Portugal), HP Development Company (United States), Hexagon AB (Sweden), QA Systems GmbH (Germany), Exegy, Inc. (United States), Atkins Limited (United Kingdom), Esterline Technologies Corporation (United States), Vector Software (Germany), Parasoft (United States) and Liverpool Data Research Associates (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are HBM PRENSCIA Inc. (China), General Digital Corporation (United States), TecmataGmbh (Germany), Imbus AG (Germany) and Rapita Systems Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Safety Critical Software Testing market by Type (Manual Testing and Automated Testing), Application (Management, Monitoring, Communication, Test and Others) and Region.
On the basis of geography, the market of Safety Critical Software Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Aviation will boost the Safety Critical Software Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Using Technologies such as Artificial Intelligence, Big Data, 5G Connectivity, and Automation
Market Growth Drivers:
Use of Safety-Critical Solutions in Diverse Verticals and Software is Being Deployed for the Upgrade of Devices to Build Technologically Advanced, Secure, and Reliable Systems
Challenges:
Data Security and Privacy Issues
Restraints:
High-Cost Associated
Opportunities:
Advancement in Critical communication Systems and Growing Implementation in Healthcare and Aerospace Industry
Market Leaders and their expansionary development strategies
On October 25th, 2023, Hexagon acquired MiRIS, a leader in safety-critical software testing and verification solutions used in the aerospace and defense industries. This acquisition strengthens Hexagon's capabilities in the high-growth market for safety-critical software.
On February 21, 2023, Exegy announced the release of its Safety-Critical AI Platform, designed to accelerate the development and deployment of safe and reliable AI systems.
Key Target Audience
Software Developer, Service Provider, Government Authorities, Research Center, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.