Software Composition Analysis Market- Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Deployment Type, Organization Size, End-user Industry, and Region

Software Composition Analysis Market was valued at US$ 132 Mn. in 2021. Global Software Composition Analysis Market size is expected to grow at a CAGR of 22 % through the forecast period.

Software Composition Analysis Market Overview:

Software composition analysis (SCA) is an automated approach for determining which open source software is present in a codebase. The purpose of this analysis is to assess security, licensing compliance, and code quality. The duty of software is to do a comprehensive software code protection analysis and verify open-source contents at every stage of the software growth life cycle. With the help of software, the companies are able to identify and resolve software weaknesses to avoid them from being manipulated. Moreover, its deployment and sales help to examine the limitations of developed applications prior. Throughout the application life cycle software composition analysis provides users with access to third-party code, allowing them to control software. The vendors of software composition analysis are offering open source tools and the functionality of outdated tools for the safety assessment. In third-party libraries the software composition analysis tool confirms exact detection by discovering possible security and licensing issues. Software Composition Analysis Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis especially with the impact of lockdown by region. COVID-19 Impact: The COVID-19 pandemic had a negative impact on the economy. The government's imposed lockdowns forced numerous industrial sectors to use cutting-edge technology in order to continue operating and survive the crisis. The COVID-19 pandemic had a huge impact on the software composition analysis market, which is able to develop despite the epidemic. The COVID-19 epidemic has created chances for market participants to create cloud-based software that allows industries and employees to do business operations from a distance. The software composition analysis software minimizes the risk of data breaches and cyber-attacks, boosting the software composition analysis market. Cloud-based solutions have replaced on-premises systems, bringing to treat the data stored in cloud systems.

Software Composition Analysis Market Dynamics:

Market Drivers: In recent years the increased number of internet operators in all age groups owing to the pandemic situation is increased. Many people are addicted to internet surfing. Additionally, mobile adoption is increased owing to schools and colleges being closed. These are the chief factors that are driving the software composition analysis market. The increased e-commerce resulted in the increasing adoption of various services such as Real-time Gross Settlement Systems (RTGS), National Electronic Fund Transfer (NEFT), Electronic Clearing Service (ECS), and mobile transactions are anticipated to fuel the software composition analysis market growth. The software composition analysis provides benefits such as bottom-up risk discovery, license management & utilization, top-down risk discovery, automatically tracking open source components, automated and prioritized vulnerabilities remediation, and continuous monitoring for vulnerability detection. Additionally, it allows the security team and developers to create an accurate bill of materials (BOM) for all applications, Discover and track all open sources, set and enforce policies, enable proactive and continuous monitoring, and seamlessly integrate open source code scanning into the built environment. Owing to all the factors the software composition analysis is driving the market and is expected to grow during the forecast period. Market Restraints: The assessment of actual risk in the software composition analysis market is hampering the market growth. The high cost of software additionally, risk prioritization and acceptance, technical debt, and gaps in scanning coverage are restraining the growth of the software composition market. Market Opportunities: In recent years including pandemics, people are forced to do online transactions. The demand for digital transformation has slowed enterprises' time to market. Businesses have reduced the time it takes to set things to market, whether in chains, bits, or versions. These firms, on the other hand, must exercise extreme caution in order to avoid leaking data or allowing room for vulnerabilities or exploits. For security reasons, every version of a product that is launched must go through the SCA procedure. In the next three to four years, this trend will multiply in a variety of businesses that handle sensitive data, such as healthcare, digital commerce, and BFSI (banking, financial services, and insurance). Considering all the factors the software composition analysis market is expected to grow during the forecast period. Market Challenges: In software composition analysis there are several challenges such as the need for speed, drowning in vulnerabilities, finding a vulnerability database, understanding the dependency logic, and obscured visibility. Owing to these factors the software composition analysis market is hampered. Competitive Landscape: There are several significant competitors in the Software Composition Analysis Market, which is moderately competitive. Few of these firms currently dominate the software composition analysis industry in terms of market share. To keep ahead of the competition and expand their regional reach, powerful corporations use mergers and acquisitions and product innovation as key tactics. Graphcore used the Synopsys VCS simulation system with Verdi debug to verify its recently announced game-changing Colossus GC200 intelligence processing unit, according to Synopsis, Inc. (IPU). With transistors and separate processor cores, Graphcore's second-generation IPU is the most sophisticated microprocessor ever developed. Software Composition Analysis Market Segment Analysis: Based on Deployment Type, the cloud-based segment held the largest market share of xx% in 2021. The cloud-based software provides benefits such as enhanced data security, automatic software updates saving your time, quick disaster recovery and backup, a reduced carbon footprint for a better environment, reduced costs, more scalability & flexibility, mobility, and improved collaboration. Additionally, cloud-based tools are helpful as they facilitate the management of a company’s infrastructure. Owing to the ability to grow the number of individuals that are able to participate in a specific application as well as to improve operational costs are driving the growth of the cloud-based software composition analysis market. Software Composition Analysis MarketBased on the Organization’s Size, the large enterprise segment held the largest market share of xx% in 2021. It is expected to rise at a CAGR of 18.80 % during the forecast period. The large enterprise segment is expected to have a higher market share as the assumption is high in the large enterprise owing to all the factors, need to launch digital collaboration within large controlling and distributed teams that overseas business through timely updates. Based on the Organization Size Industry, the BFSI segment held the largest market share of xx% in 2021. Banking, financial services, and insurance are growing exponentially in India owing to the rise in per capita income, expanding distribution, the introduction of new products, innovation in technology, networking, and increasing customer awareness of financial products. Additionally, owing to the software composition services and solution capability to deliver secure and safe tractions, as the online transaction are subject to hacking, it gets widely used in BFSI. The BFSI accounted for the biggest market share of 40% in 2021.

Software Composition Analysis MarketSoftware Composition Analysis Market Regional Insights:

The North America region dominated the market with xx % share in 2021. The North America region is expected to witness significant growth at a CAGR of xx% through the forecast period. The region of North America is seeing an increase in the usage of technical improvements and composition analysis across numerous organizations. Small and large businesses in the region have recognized the importance of Open Source Software security and are open to implementing dedicated software composition analysis solutions to protect their open-source code from cyber threats and monetary gain by computer hackers. Because of the presence of key market participants in the region, the region leads the use of software composition analysis. The objective of the report is to present a comprehensive analysis of the Global Software Composition Analysis Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Software Composition Analysis Market dynamic, structure by analyzing the market segments and projecting the Software Composition Analysis Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Software Composition Analysis Market make the report investor’s guide.

Software Composition Analysis Market Scope: Inquiry Before Buying

Software Composition Analysis Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US$ 132 Mn.
Forecast Period 2022 to 2027 CAGR: 22% Market Size in 2027: US$ 435.24 Mn.
Segments Covered: by Deployment Type • Cloud-Based • On-Premise
by Organization Size • SMEs • Large Enterprises
by Organization Size Industry • Government & Defence • BFSI • Telecom & IT • Automotive • Others

Software Composition Analysis Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Software Composition Analysis Market Key Players

White Source Software • Veracode • WhiteHat Security • Sonatype • Synopsys • International Business Machines Corporation • Contrast Security • Flexera Software LLC, • nexB. • Perforce Software • CAST Highlight. • Black Duck Software Composition Analysis. • ThreatWorx. • Bytesafe. • JFrog Xray. • FlexNet Code Insight. Frequently Asked Questions: 1] What segments are covered in the Global Software Composition Analysis Market report? Ans. The segments covered in the Software Composition Analysis Market report are based on Deployment Type, Organization Size, and End User. 2] Which region is expected to hold the highest share in the Global Software Composition Analysis Market? Ans. The North America region is expected to hold the highest share in the Software Composition Analysis Market. 3] What is the market size of the Global Software Composition Analysis Market by 2027? Ans. The market size of the Software Composition Analysis Market by 2027 is expected to reach US$ 435.24 Mn. 4] What is the forecast period for the Global Software Composition Analysis Market? Ans. The forecast period for the Software Composition Analysis Market is 2022-2027. 5] What was the market size of the Global Software Composition Analysis Market in 2021? Ans. The market size of the Software Composition Analysis Market in 2021 was valued at US$ 132 Mn.
1. Global Software Composition Analysis Market: Research Methodology 2. Global Software Composition Analysis Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Software Composition Analysis Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Software Composition Analysis Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Software Composition Analysis Market Segmentation 4.1 Global Software Composition Analysis Market, by Deployment Type (2022-2027) • Cloud-Based • On-Premise 4.2 Global Software Composition Analysis Market, by End User Industry (2022-2027) • Government & Defence • BFSI • Telecom & IT • Automotive • Others 4.3 Global Software Composition Analysis Market, by Organization Size (2022-2027) • SMEs • Large Enterprises 5. North America Software Composition Analysis Market(2022-2027) 5.1 North America Software Composition Analysis Market, by Deployment Type (2022-2027) • Cloud-Based • On-Premise 5.2 North America Software Composition Analysis Market, by End User Industry (2022-2027) • Government & Defence • BFSI • Telecom & IT • Automotive • Others 5.3 North America Software Composition Analysis Market, by Organization Size (2022-2027) • SMEs • Large Enterprises 5.4 North America Software Composition Analysis Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Software Composition Analysis Market (2022-2027) 6.1. European Software Composition Analysis Market, by Deployment Type (2022-2027) 6.2. European Software Composition Analysis Market, by End User Industry (2022-2027) 6.3. European Software Composition Analysis Market, by Organization Size (2022-2027) 6.4. European Software Composition Analysis Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Software Composition Analysis Market (2022-2027) 7.1. Asia Pacific Software Composition Analysis Market, by Deployment Type (2022-2027) 7.2. Asia Pacific Software Composition Analysis Market, by End User Industry (2022-2027) 7.3. Asia Pacific Software Composition Analysis Market, by Organization Size (2022-2027) 7.4. Asia Pacific Software Composition Analysis Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Software Composition Analysis Market (2022-2027) 8.1 Middle East and Africa Software Composition Analysis Market, by Deployment Type (2022-2027) 8.2. Middle East and Africa Software Composition Analysis Market, by End User Industry (2022-2027) 8.3. Middle East and Africa Software Composition Analysis Market, by Organization Size (2022-2027) 8.4. Middle East and Africa Software Composition Analysis Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Software Composition Analysis Market (2022-2027) 9.1. South America Software Composition Analysis Market, by Deployment Type (2022-2027) 9.2. South America Software Composition Analysis Market, by End User Industry (2022-2027) 9.3. South America Software Composition Analysis Market, by Organization Size (2022-2027) 9.4 South America Software Composition Analysis Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. WhiteSource Software 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Veracode 10.3. WhiteHat Security 10.4. Sonatype 10.5. Synopsys 10.6. International Business Machines Corporation 10.7. Contrast Security 10.8. Flexera Software LLC, 10.9. nexB. 10.10. Perforce Software 10.11. CAST Highlight. 10.12. Black Duck Software Composition Analysis. 10.13. ThreatWorx. 10.14. Bytesafe. 10.15. JFrog Xray. 10.16. FlexNet Code Insight. National Petroleum Corp.

About This Report

Report ID 1976
Category Information Technology & Telecommunication
Published Date Aug2019
Updated Date June 2022
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