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Software Composition Analysis Market Size & Analysis - Forecasts To 2025 By Application (Government, Academic Research, Telecommunication, Information Technology, Others), By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa), End-Use Landscape, Vendor Landscape, Market Share & Competitive Landscape - Global Market Estimates
Software Composition Analysis Market Insights
The software composition analysis market is projected to register a high CAGR over the forecast period. Software composition analysis ensures accurate detection of potential licensing and security issues in third party components. Software composition analysis scans a software package thereby, providing a list of third party components and their versions.
The SCA tools are often used by developers for identifying security issues and revealing licenses for open source components. Since most of the software purchased by a company includes third party codes, SCA plays a vital role in ensuring the software is bug free and secure.
Software Composition Analysis Market: Application Insights
The software composition analysis market is segmented on the basis of application into government, academic research, telecommunication, information technology, others. High research & development activities conducted in the telecommunication and information technology industry is expected to augment market growth.
A large number of small & medium enterprises are engaged in investing apps and websites to improve productions processes or sales. Software composition analysis helps detect security vulnerability, software weakness, and any risk pertaining IP ownership and license violations. Some of the key features of software composition analysis are that it can scan any software within a small timeframe, provides details of third party components, and alerts in case of detected vulnerability.
Software Composition Analysis Market: Regional Insights
Asia Pacific is expected to grow at a high CAGR over the coming years on account of the developing e-commerce and BFSI industry. The growing integration of IoT and cloud based systems is expected to positively influence market growth over the coming years.
The European and North American region is projected to occupy a large share over the coming years. The faster rate of technological adoption in these regions is expected to positively influence market growth. Growing app development across the retail, educational, government & municipality sector is expected to augment market growth over the coming years.
Software Composition Analysis Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market covering equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Software Composition Analysis Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use software composition analysis include Intellectsoft, Y Media Labs, and WillowTree among others.
Software Composition Analysis Market: Market Share & Competitor Analysis
Prominent companies included in the software composition analysis market include Flexera, Black Duck Software, Inc., Synopsys, Inc., WhiteHat Security, Inc., Sonatype Inc., Veracode, Contrast Security, New Context Services, Inc., WhiteSource Software, and Dahua Technology Co., Ltd. In October 2016, Flexera Software acquired the Software Composition Analysis division of Palamida. The industry is expected to be highly competitive with many companies providing similar tools in the industry.
Please note: This is not an exhaustive list of companies profiled in the report.
Some of the major software composition analysis tools are Flexera, Sonatype, Synopsys, Forrester’s weighting, Black Duck, Veracode, and WhiteSource Software market. They provide a list of features such as vulnerability detection & management, risk reporting, threat management, policy management, license risk management, and vendor self analysis among others.
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The global Software Composition Analysis Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Software Composition Analysis Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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