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Growth Driven by Increased Adoption of Software Quality and Security Testing Earlier in the Development Lifecycle
SAN FRANCISCO, Oct. 28, 2013 /PRNewswire/ -- Coverity, Inc., the leader in development testing, today announced it was named the market share leader for automated test and verification tools in the embedded static analysis market, according to a new report from VDC Research. The report, "The Global Market for Automated Test and Verification Tools," finds that Coverity holds 35.8% of the embedded static analysis market – more than twice the market share of the nearest vendor – with an 18.8% share of the overall embedded automated test and verification tool (ATVT) market.
The VDC report attributes Coverity's strong revenue growth to the company's broad offerings supporting the embedded and enterprise markets. It also notes the company's increased emphasis on security as a growth driver, as the embedded industry is increasingly seeing security as a safety issue.
"As software continues to account for a greater proportion of system functionality, it is emerging as the primary agent for differentiation and resource investment for many companies. The need to deliver more advances, faster, through software, opens the door for increased risk of quality and security defects," said Andre Girard, senior analyst of VDC Research's M2M Embedded Software and Tools practice. "To mitigate these risks, demand for automated testing solutions is rapidly expanding as the pace of code development accelerates."
According to the VDC report, trends that are fostering growth in the ATVT market include time-to-market requirements, budget pressures, greater awareness of the risks from software vulnerabilities, increased regulatory requirements and the adoption of more collaborative development practices, such as Agile testing. Organizations are responding to these challenges by automating testing in development to improve software quality and uncover potential software security issues earlier in the software development lifecycle (SDLC), when they have the least financial impact.
"We are honored VDC Research has named us as a global leader in the automated test and verification market for a sixth consecutive year," said Jennifer Johnson, chief marketing officer for Coverity. "With rapid time-to-market requirements and the rise of Agile and Continuous Delivery, automated testing is no longer an option – it's a business necessity. Development testing isn't about testing more - it's about testing smarter and faster - which directly translates to increased business agility, development productivity and customer satisfaction."
Coverity, Inc. (www.coverity.com), the leader in development testing, is the trusted standard for companies that need to protect their brands and bottom lines from software failures. More than 1,100 Coverity customers use the Coverity Development Testing Platform to automatically test source code for software defects that could lead to product crashes, unexpected behavior, security breaches or catastrophic failure. Coverity is a privately held company headquartered in San Francisco. Coverity is funded by Foundation Capital and Benchmark Capital. Follow us on Twitter or check out our blog.
Coverity is a registered trademark of Coverity, Inc. All other marks are the property of their respective owners.
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