Global Software Composition Analysis Market Overview
Software composition analysis market size accounted for USD 253.9 Million in 2024 and is estimated to be USD 789.7 Million by 2034 and is anticipated to register a CAGR of 12%.
Software composition analysis is an open source management tool for software development life cycle (SDLC), wherein it utilizes a set of tools to identify risk in an open source inventory/library, so as to prevent security breaches and license risks. The rapid adoption of open source coding for the majority of software for making an application. Hence in order to prevent the security breach it has become necessary to automate the open source management process. A set of tools used to identify security risks during the software development life cycle for open source-coded software is called software composition analysis. Major factors driving the growth of the software composition analysis market are increasing smartphone adoption and increasing number of applications. This has led to increased risk for open-source codes.
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Global Software Composition Analysis Market Drivers & Restraints
Increasing Adoption of cloud-based Solutions
Increasing mobile-based applications coupled with increasing smartphone adoption, have led to increased threat and risk for open source software. This is a major factor driving the growth of the software composition analysis market. In addition, the increasing adoption of cloud-based solutions and increasing penetration of Ithe Internet of things, has further made applications prone to security attacks. This is another factor expected to further fuel the growth of the market to a significant extent over the forecast period. Lack of funds among SMEs and lack of technical professionals are major factors hampering the growth of the software composition analysis market. However, increasing demand for software composition analysis from the fintech sector is expected to create lucrative opportunities for major players during the forecast period.
Global Software Composition Analysis Market Segmentations & Regional Insights
The software composition analysis market is segmented on the basis of components, organization size, deployment type, industry verticals, and region.
On the basis of components, the market is segmented into solutions and services.
On the basis of organization size, the software composition analysis market is segmented into small and medium-sized enterprises SMEs, and large enterprises. On the basis of deployment type, the market is segmented into on-premises and cloud.
On the basis of industry verticals, the target market is segmented into banking, financial services, and insurance (BFSI), telecom and IT, healthcare, government and defense, retail and e-commerce, manufacturing, automotive, and others.
Regional Insights:
Based on region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market in North America accounts for the highest share in terms of revenue as compared to that of other regions and is expected to maintain its dominance in the market over the forecast period. The Asia Pacific software composition market is expected to witness the highest growth in the market over the forecast period
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
By Component - Solution and Services By Organization Size – Small and Medium Sized Enterprises (SMES) and Large Enterprises By Deployment type – On-Premises and Cloud By Industry Vertical - Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Healthcare, Government and Defence, Retail and E-Commerce, Manufacturing, Automotive, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global Software Composition Analysis market report based on component, organization size, deployment type, industry verticals, and region.
Software Composition Analysis Market, By Region:
- North America
- Canada
- U.S.
- Europe
- Rest of Europe
- Italy
- Russia
- France
- UK
- Germany
- Asia Pacific
- Rest of Asia Pacific
- South Korea
- Japan
- India
- China
- Latin America
- Rest of Latin America
- Mexico
- Brazil
- Middle East & Africa
- Rest of Middle East & Africa
- South Africa
- Israel
- GCC
Global Software Composition Analysis Market Competitive Landscape & Key Players
The Key players operating in the software composition analysis market include WhiteSource Software, Sonatype, Inc., Synopsys, Inc., Rogue Wave Software, WhiteHat Security, Veracode (CA Technologies), Flexera, NexB, Inc., and SourceClear.
Rogue Wave Software
It provided cross-platform software development tools and embedded components for parallel, data-intensive, and other high-performance computing (HPC) applications.
In January 2019, the firm was acquired by Minneapolis, Minnesota-based application software developer Perforce, which is maintaining Rogue Wave's products
Global Software Composition Analysis Market Company Profile
- WhiteSource Software*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sonatype, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Synopsys, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rogue Wave Software
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- WhiteHat Security
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Veracode (CA Technologies)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flexera
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NexB, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SourceClear
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
FAQs
The Software Composition Analysis Market report segments the market basis of component, organization size, deployment type, industry verticals, and region.
Major factors expected to drive growth of the software composition analysis market over the forecast period include rising consumer preference for online transactions and rising adoption of various services such as National Electronic Fund Transfer (NEFT), Electronic Clearing Service (ECS), Real-time Gross Settlement Systems (RTGS), and mobile transactions
North America is growing at the highest CAGR over 2024- 2034
The leading players operating in the Software Composition Analysis Market includes WhiteSource Software, Sonatype, Inc., Synopsys, Inc., Rogue Wave Software, WhiteHat Security, Veracode (CA Technologies), Flexera, NexB, Inc., and SourceClear.