Global Software Composition Analysis Market Size By Deployment Type (On-Premise, Cloud-Based), By End-User Industry (BFSI, Telecom & IT, Government & Defence), By Organization Size (Large Enterprises, & SMEs), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Software Composition Analysis Market Size And Forecast

Software Composition Analysis Market size was valued at USD 175.9 Million in 2024 and is projected to reach USD 740.85 Billion by 2031, growing at a CAGR of 19.69% during the forecast period 2024-2031.

Cloud-based Software Composition Analysis’s reliability, mobility, and lower total cost of ownership can provide a competitive advantage, allowing the competitive advantage taking the asset management strategy to the next level. The visible benefits of cloud-based software and the growing popularity of such solution is further boosting the market growth. The Global Software Composition Analysis Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Software Composition Analysis Market Definition

Software Composition Analysis (SCA)? Think of it as a smart way to see exactly which open-source pieces are inside your code. Why do we care? Well, it's all about making sure we're safe, playing by the rules with licensing, and writing good code. Companies need to know the fine print of open-source licenses, but let's be honest, keeping track of that by hand? Forget about it! It takes forever, and vulnerabilities get missed. That's where SCA swoops in, like an automated superhero! It started with licenses but grew to check code security and quality too. SCA is breathing new life into the "shift left" idea in today's DevOps and DevSecOps worlds. By testing early and often with SCA, developers and security folks can get more done without sacrificing security or top-notch code.

SCA tools take a look at all sorts of things, like package managers, manifest files, source code, binary files, and even container images. They figure out what open source is in there and create what's called a Bill of Materials (BOM). Then, they check that BOM against a bunch of databases, including the National Vulnerability Database (NVD), which is a US government database with info on known security holes. Speaking of databases, Black Duck® KnowledgeBase, that's Synopsys' own massive database, is like the go-to place for info on open-source projects, licenses, and security. SCA tools can also compare your BOM to other (usually paid) databases to find out what licenses are connected to the code and even get a feel for the code's quality (like version control and who's been contributing). Basically, by comparing that BOM to these databases, security teams can spot big security and legal problems and jump on fixing them right away.

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Global Software Composition Analysis Market Overview

Our software composition analysis solution makes sure that open-source stuff – code, components, the whole shebang – plays nice with your project and doesn't mess up things for your users. We're talking about checking that open-source content every step of the way during development! Think of it as having super powersrisk management, spotting those sneaky vulnerabilities, sending out alerts and reports, managing your policies and licenses, and even fixing issues. That's all part of the deal. Now, with open-source code getting riskier, and with more folks loving online transactions (like using ECS, NEFT, RTGS, and doing stuff on their phones), the market for these solutions is set to boom. Plus, everyone's loving cloud-based software, especially small and medium-sized enterprises (SMEs) – it’s cheaper and has advantages over the old on-premise stuff. The reliability, portability, and lower overall cost of cloud-based Software Composition Analysis can really give companies an edge, helping them with asset management and more. So, yeah, the obvious perks of cloud software are giving the market a big push. But, there's a catch. Finding people who really know their stuff when it comes to Software Composition Analysis is tough. Not enough training and skilled folks mean everyone on the team ends up doing their own thing, and things get messy. Companies can't even use the features they paid for! This lack of skilled workers is a major headache in the Software Composition Analysis world.

Global Software Composition Analysis Market Segmentation Analysis

The Global Software Composition Analysis Market is segmented on the basis of Deployment Type, End-User Industry, Organization Size and Geography.

Software Composition Analysis Market, By Deployment Type

  • On-Premise
  • Cloud-Based

Based on Deployment Type, the market is bifurcated into On-Premise, Cloud Based. Cloud-based accounted for the largest market share in 2020, Cloud-based tools in general are extremely beneficial as they facilitate the management of a company’s infrastructure. The ability of cloud-based services to improve operational costs as well as its ability to increase the number of individuals that are able to participate in a specific application are driving the growth of the overall cloud-based Software Composition Analysis market.

Software Composition Analysis Market, By End-User Industry

  • BFSI
  • Telecom & IT
  • Government & Defence
  • Automotive
  • Others

Based on End-User Industry, the market is bifurcated into BFSI, Telecom & IT, Government & Defence, Automotive And Others. BFSI accounted for the largest market share of 41.40% in 2020. Due to the software composition analysis solutions and services’ ability to deliver safe and secure tractions, as online transactions are subject to hacking, it gets widely used in BFSI.

Software Composition Analysis Market, By Organization Size

  • Large Enterprises
  • SMEs

Based on Organization Size, the market is bifurcated into Large Enterprises, & SMEs. Large Enterprises accounted for the largest market share in 2020 and are projected to grow at a CAGR of 19.02% during the forecast period. The large enterprise segment is anticipated to have a larger market share as the adoption is high in larger enterprises owing to the need to launch digital collaboration within large distributed teams and control overseas businesses through timely updates.

Software Composition Analysis Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Regional Analysis, the Global Software Composition Analysis Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share of 40.76% in 2020, with a market value of USD 96.41 Million and is projected to grow at a CAGR of 18.15% during the forecast periodThe rising prevalence of smartphone users, coupled with the advancements in the latest technologies, is further expected to help increase the overall Software Composition Analysis solutions market size in the forecast period.

Key Players

The “Global Software Composition Analysis Market ” study report will provide valuable insight with an emphasis on the North American market. The major players in the market are GitLab, JFrog, BLACK DUCK., FOSSA, WhiteSource, Sonatype, Snyk, and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players

Key Developments

  • GitLab Inc. has acquired UnReview, a machine learning (ML) based system for automatically identifying relevant expert code reviewers and managing review workloads and distribution of knowledge.
  • JFrog acquired Vdoo for $ 300,000,000.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Million)

Key Companies Profiled

GitLab, JFrog, BLACK DUCK., FOSSA, WhiteSource, Sonatype, Snyk, and others.

Segments Covered

By Deployment Type, By End-User Industry, By Organization Size and By Geography.

Customization scope

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