Software Quality Assurance gains momentum

Software Quality Assurance (SQA) has always been a lucrative industry that has been gaining momentum over the past few years and is becoming a strong contender in the IT and ITES sector. As projected by Gartner, independent application testing as a separate business segment is said to see a growth of 30-45% since 2009 while Compound Annual Growth Rate (CAGR) is predicted to increase by 17% beyond 2012.

SQA is the umbrella of risk identification and mitigation strategy for assuring quality of a product. Cost of errors in software can vary from nothing at all to large amounts of money. Software errors or bugs have caused huge financial losses, which could be avoided through effective SQA.