SAN FRANCISCO, Feb. 3, 2010 /PRNewswire/ -- Coverity, the software integrity leader, announced today that it was named the market share leader for embedded software/system and static analysis products according to a market report from VDC Research. The report, 2010 Software & System Lifecycle Management Tools Market Intelligence Service on Automated Test & Verification Tools, finds that Coverity holds over 30 percent of the market for embedded software static analysis products, more than twice the market share of the nearest vendor.
The report highlights Coverity's last two years of strong revenue growth was driven by increases in investments from both the embedded system manufacturing and ISV business segments. The report also cited Coverity's gains in the telecommunications, data communications, and military/aerospace markets. Coverity was also recognized for its recent partnership with Armorize, a security testing company, in recognition of Coverity's expansion into the financial services and enterprise/IT markets.
The VDC Automated Testing report stated that the market for automated testing solutions will continue to grow as the pressure on software to provide both business and product value increases. The report states that "the ubiquitous, mounting pressure on software will generate a commercial [automated testing and verification tool] market with sustained revenue growth opportunities outpacing that of many of software and system lifecycle management tool categories."
The VDC report also notes investment drivers for automated testing and verification products. Specifically, the report states, "as the resulting volume and value of software continues to increase, so too does the corresponding cost of defects in the application under development, in terms of lost business execution time, lost time in market, product recalls, tort liabilities, brand damage, and reengineering labor. Consequently, embedded and enterprise engineers alike continue to utilize automated test and verification tools (ATVT) in higher frequencies."
"Coverity has distanced ourselves from the pack and holds twice the market share of the nearest static analysis vendor as reported in the VDC automated testing and verification report," said Dave Peterson, chief marketing officer at Coverity. "Global 2000 companies are under extreme pressure to test and eliminate quality, safety, or security flaws in the software that operates their products and services. This has resulted in a material shift from spending on legacy testing tools to investing in Coverity developer code testing solutions to test both the code that is developed in house and components provided from the software supply chain. We are honored that more than 1,000 customers protect their brands and bottom lines with Coverity."
For a full version of the report, visit www.vdcresearch.com. Enterprises seeking visibility into their software supply chain can register for a free Software Integrity Report from Coverity by visiting http://softwareintegrity.coverity.com/2011IntegrityReportReg.html
Coverity (www.coverity.com), the software integrity leader, is the trusted standard for companies that have a zero-tolerance policy for software failures. More than 1,000 Coverity customers use Coverity's award winning portfolio of testing products to test their code to discover and eliminate software defects in their products. 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.