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Software Composition Analysis Market

Published Date : Jul 2024 | Forecast Year : 2019

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Software Composition Analysis Market Size, Analysis, By Type (Cloud-based, On-premise), By Application (Solo and Small Development Teams, Large DevOps Teams) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG1003

Published : Jul 2024

Pages : 126

Format : Software Composition Analysis Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 740.80 Billion
MARKET SIZE (2024)USD 175.5 Million
CAGR (2023-2029)19.67 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPECloud-based
On-premise
BY APPLICATIONSolo and Small Development Teams
Large DevOps Teams
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSBroadcom Inc., CAST Software, Checkmarx Ltd., Contrast Security Inc., International Business Machines Corp., KPMG International Ltd., Micro Focus International Plc, Microsoft Corp., NexB Inc., Oracle Corp., Perforce Software Inc., SmartBear Software Inc., Sonatype Inc., Synopsys Inc., Tricentis GmbH, Veracode Inc., White Source Ltd., WhiteHat Security Inc., and Flexera Software LLC among others..

The Global Software Composition Analysis Market size was estimated to be valued at USD 175.5 Million in 2023 and is expected to reach at USD 740.80 Billion by 2032, exhibiting at a CAGR of 19.67 % during the forecast period. This report provides a deep insight into the Software Composition Analysis Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Software Composition Analysis Market

Size, by Product, - (USD Billion)

Cloud-based

On-premise

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

19.67 %

The Forecast Market

Size for in USD:

$740.80 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Software Composition Analysis Market Segments

By Type- Cloud-based, On-premise

By Application- Solo and Small Development Teams, Large DevOps Teams

Key Profiles:

Broadcom Inc., CAST Software, Checkmarx Ltd., Contrast Security Inc., International Business Machines Corp., KPMG International Ltd., Micro Focus International Plc, Microsoft Corp., NexB Inc., Oracle Corp., Perforce Software Inc., SmartBear Software Inc., Sonatype Inc., Synopsys Inc., Tricentis GmbH, Veracode Inc., White Source Ltd., WhiteHat Security Inc., and Flexera Software LLC among others.

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Market Insights:

  • The software configuration analysis (SCA) market is growing rapidly due to the increasing adoption of open-source software (OSS) in application development and an increased focus on software security and compliance. 
  • SCA tools enable organizations to manage and secure their OSS components by providing visibility into open-source dependencies, identifying vulnerabilities and ensuring license compliance. 

    The market is supported by the growing need for effective risk management solutions in the software supply chain, as well as regulatory pressure to improve software security practices.

  • In addition, the growth of cyber threats and high-profile security breaches has highlighted the importance of integrating SCA tools into the software development lifecycle. 
  • The expansion of this market is further fueled by technological advances and increasing complexity of software applications that require end-to-end analytics and management solutions. As organizations prioritize security and compliance, the demand for robust SCA tools is increasing, making them a critical component of today's software development and deployment strategies.

    Software Composition Analysis Market

    Share, by end user, (USD Billion)

    Analytica Global 175.5 Million %

    Solo

    Small Development Teams

    Large DevOps Teams

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    740.80 Billion

    Total Market Size

    USD (Billion),

    19.67 %

    CAGR

    -

Market Growth Factors:

  • Increased use of open-source software (OSS)
  • Rising cybersecurity threats
  • Stringent regulatory compliance requirements
  • Growing complexity of software supply chains
  • Shift left in DevSecOps practices
  • Technological advancements in AI and machine learning
  • High financial and reputational costs of security breaches
  • Increased awareness and education about SCA benefits

Key Development Factors:

  • In 2021, Technological Advances: Advances in artificial intelligence and machine learning have improved the capabilities of SCA tools, improving their accuracy in detecting vulnerabilities and managing open-source dependencies.
  • Increased regulatory oversight and new data protection regulations (such as the CCPA and evolving GDPR requirements) have encouraged organizations to adopt SCA tools to ensure compliance.
  • In 2022, Growth in Open-Source Adoption: The continued growth in the use of open-source software across multiple industries has highlighted the need for robust SCA tools to manage and secure these components.
  • Several key players in the cybersecurity and software markets are developing strategic partnerships or have acquired SCA companies to enhance their offerings and integrate SCA capabilities into broader security and development platforms.
  • In 2023, Cloud-based applications: The growth of cloud-based applications and microservices architectures has increased the demand for SCA tools that can handle the complexities of modern distributed programming environments.
  • High-profile supply chain attacks such as the SolarWinds breach have highlighted the importance of software supply chain security and increased the adoption of SCA tools to monitor and protect open source components.
  • Future Prediction, Improved Automation and Integration: Continued advances in automation and seamless integration with CI/CD pipelines have made SCA tools more accessible and efficient for development teams.
  • Increased awareness and adoption of SCA tools in emerging markets due to digital transformation initiatives and the need for strong cyber security measures.
  • This development reflects the dynamic evolution of the SCA market, driven by technological advances, regulatory pressures and the complexity of software development and security issues. In 2021, Recovery and Growth: Recovering from pandemic disruption with a renewed focus on sustainability and innovation in edge design.

    Software Composition Analysis Market

    Size, by Product, - (USD Billion)

    NORTH AMERICA $ 24

    The Market will Grow

    At the CAGR of:

    19.67 %

    The Forecast Market

    Size for in USD:

    $740.80 Billion B

    b0d51e3055fd6f23ff6a384a6e091406.svg

North America is Expected to Hold Major Share in the Market:

  • The region's well-developed technology infrastructure supports the rapid adoption and integration of advanced software tools, including SCA solutions.
  • : In North America, open-source software is widely used in various industries, increasing the demand for tools that can manage and protect these components.
  • Strict regulatory requirements such as those imposed by GDPR, CCPA and HIPAA force organizations to adopt SCA tools to ensure compliance and a secure software supply chain.
  • Cybersecurity awareness and priority are high in North America, and organizations are actively seeking solutions to reduce the risk of software vulnerabilities.
  • North America is home to a number of leading SCA solution providers and cybersecurity companies that are driving innovation and accelerating market growth.

Software Composition Analysis Market Trends:

  • Integrating security practices into DevOps pipelines (DevSecOps) is becoming more common as SCA tools are added early in the software development lifecycle to identify and mitigate vulnerabilities.
  • The use of artificial intelligence (AI) and machine learning (ML) in SCA tools improves their ability to detect vulnerabilities, predict potential risks, and automate the management of open source components. .
  • High-profile supply chain attacks have highlighted the importance of software supply chain security. SCA tools monitor and secure third-party and open-source components, ensuring the integrity of the entire software supply chain.
  • The increasing adoption of cloud-based application and microservices architectures increases the demand for SCA tools that can handle the complexities of modern distributed software environments.
  • Stringent regulatory requirements and the need for effective risk management drive organizations to adopt SCA tools to ensure compliance with data protection laws and industry standards.
  • As the use of open-source software increases, organizations are increasing emphasis on open-source governance using SCA tools to manage licensing, ensure compliance, and mitigate security risks.

    Software Composition Analysis Market TO (USD BN)

    Software Composition Analysis Market

    CAGR OF

    19.67 %

    Software Composition Analysis Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 740.80 Billion %

Restraints Factors:

  • The initial costs associated with implementing and integrating SCA tools can be significant, especially for small and medium-sized enterprises (SMEs).
  • Integrating SCA tools into existing development and security workflows can be complex and time-consuming, requiring a lot of effort and resources.
  • SCA tools can produce false positives and negatives, leading to potential vulnerabilities or unnecessary fixes that can reduce their effectiveness and efficiency.
  • There is a lack of experienced professionals who know how to use SCA tools and interpret their results, which can hinder their adoption and effective use.
  • The dynamic nature of the open-source ecosystem with regular updates and new vulnerabilities makes it a challenge for SCA tools to maintain and maintain accurate detection capabilities. 

FAQs:

1.How big is the Software Composition Analysis Market?

Ans: The Software Composition Analysis Market size valued at USD 740.80 Billion in and grow at a CAGR of 19.67 % 

2.What is the current Software Composition Analysis Market size?

ANS: The Software Composition Analysis Market size is expected to be USD 175.5 Billion

3.Who are the key players in Software Composition Analysis Market?

Ans: Broadcom Inc., CAST Software, Checkmarx Ltd., Contrast Security Inc., International Business Machines Corp., KPMG International Ltd., Micro Focus International Plc, Microsoft Corp., NexB Inc., Oracle Corp., Perforce Software Inc., SmartBear Software Inc., Sonatype Inc., Synopsys Inc., Tricentis GmbH, Veracode Inc., White Source Ltd., WhiteHat Security Inc., and Flexera Software LLC among others.

4.Which is the fastest growing region in Software Composition Analysis Market?

Ans: Asia Pacific is estimated to grow at the highest CAGR over the forecast.

Software Composition Analysis Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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