Software Composition Analysis Market Size & Analysis – Forecasts To 2025

Software Composition Analysis Market Segmentation

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

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.

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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.

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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