Worldwide Software Composition Analysis Industry to 2026 - North America Expected to Dominate the Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Software Composition Analysis Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Software Composition Analysis Market is expected to grow at a CAGR of 21.7% over the forecast period 2021 - 2026. The requirement for software composition analysis solutions is supposed to be majorly driven by the growing threat levels on open-source codes. Furthermore, commercial and IoT-based software products' dependency on open-source codes and valid regulations are foreseen to encourage the adoption of software composition analysis solutions and services among businesses.

Companies Mentioned

• Synopsys, Inc.
• Sonatype Inc.
• WhiteHat Security, Inc.
• Veracode Inc.
• WhiteSource Software Inc.
• Flexera Inc.
• Contrast Security, Inc.
• NexB, Inc
• Dahua Technology Co., Ltd
• SourceClear Inc.
• Rogue Wave Software

Key Market Trends

Solutions Segment is Expected to Hold the Largest Market Share

• Software Composition Analysis solutions bring an essential level of compliance monitoring to software development organizations, and they will soon be a must-have for any company concerned with legal risks and brand exposure. However, to unlock the technology's full potential, having DevOps and Security skills in the team is strongly recommended.
• The solution component segment is expected to register significant growth over the forecast period, owing to increasing demand for successfully implementing software composition analysis solutions across the enterprises.
• According to Snyk Ltd., in 2019, there was an 88% increase in application library vulnerabilities over two years, while more attacks are carried out through the exploitation of those vulnerabilities. Companies need a software composition analysis solution to identify these vulnerabilities before hackers do.
• SCA solutions are rapidly being adopted across all company sizes, in every vertical. According to a Kaspersky Lab survey, it was found that browsers accounted for 11.06% of exploit attacks as of 1st quarter 2020. The leading software composition analysis solutions augment security and risk management when using open source code.
• The software composition analysis solution makes sure that the open-source codes, components, and software do not disrupt the project's functioning and affect the user experience. These solutions guarantee the checking of open-source contents at every stage of SDLC.
• The software composition analysis solution's significant capabilities are risk management, vulnerability detection, alerting and reporting, policy management, license management, and remediation.

North America to Dominate the Market

• North America is anticipated to command the global software composition analysis market in terms of revenue over the forecast period, owing to the increasing adoption of software composition analysis and technological advancements across various organizations in this region.
• Large enterprises and SMEs in the region have realized the significance of Open Source Software (OSS) security and are receptive toward adopting dedicated software composition analysis solutions to secure their open-source codes from cyber threats and misuse for monetary gains of computer hackers.
• Also, the region dominates the Software Composition Analysis Market owing to the presence of some big players. Major market vendors providing software composition analysis solutions and services are Synopsys, Sonatype, Veracode, WhiteSource Software, WhiteHat Security, Contrast Security, Flexera, nexB, Rogue Wave Software, and SourceClear, among others.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Attractiveness Porter's Five Forces Analysis

4.2.1 Bargaining Power of Buyers/Consumers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat of New Entrants

4.2.4 Threat of Substitute Products

4.2.5 Intensity of Competitive Rivalry

5 MARKET DYNAMICS

5.1 Market Drivers

5.1.1 Commercial and IoT-based Software Products' Dependence on Open-Source Codes

5.1.2 Strict Laws & Regulations and Growing Levels of Threats and Risks in Open-Source Codes

5.2 Market Restraints

5.2.1 Shortage of Technical Expertise Amongst the Enterprise Workforce

5.2.2 Smooth Services and Agility Due to Devops Repress the Growth

5.3 Industry Value Chain Analysis

5.4 Assessment of Impact of COVID-19 on the Industry

6 MARKET SEGMENTATION

6.1 By Component

6.1.1 Solution

6.1.2 Services

6.2 By Deployment Mode

6.2.1 Cloud

6.2.2 On-premises

6.3 By Industry Vertical

6.3.1 IT & Telecom

6.3.2 BFSI

6.3.3 Retail & E-Commerce

6.3.4 Government

6.3.5 Other Industry Verticals (Healthcare, Automotive)

6.4 Geography

6.4.1 North America

6.4.2 Europe

6.4.3 Asia Pacific

6.4.4 Latin America

6.4.5 Middle East and Africa

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

8 INVESTMENT ANALYSIS

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/91p2g2