Constraints over Cosmological Constant and Quintessence Fields in an Accelerating Universe

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A brief account of the current cosmological observations is given and their implications for QCDM and $Λ$CDM cosmologies are discussed. The nucleosynthesis and the galaxy formation constraints have been used to put limits on $Ω_ϕ$ during cosmic evolution, and develop a realistic approach to the tracking behaviour of quintessence fields. The astrophysical constraints are applied to interpolate the value of the tracking parameter $ε\simeq 0.75$ at the present epoch and also to find the lower and the upper limits for $Λ$ in the accelerating universe. It is shown that the transition from deceleration to acceleration in the cosmic expansion occurs earlier in $Λ$CDM cosmology compared to QCDM cosmology.
12 pages, Latex file, 4 figures, typos corrected

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