USD 461.45 billion
Software Composition Analysis Market Size, Share, Growth Analysis, By Component(Solution (Capabilities (Vulnerability Detection, Risk Management, Alerting, And Reporting), By Deployment Type(On-Premises and Cloud), By Organization Size(Large Enterprises, Small and Medium-Sized Enterprises), By Vertical(BFSI, Government and Defense, Telecom and IT, Retail and Ecommerce), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2253 |
Region:
Global |
Published Date: November, 2024
Pages:
195
|Tables:
84
|Figures:
70
Software Composition Analysis Market Insights
Global Software Composition Analysis Market size was valued at USD 398.7 million in 2022 and is poised to grow from USD 483.22 million in 2023 to USD 2249.93 million by 2031, growing at a CAGR of 21.20% during the forecast period (2024-2031).
Software used to protect against potential cyberthreats is called software composition analysis. At each phase of the software development life cycle, the software oversees doing an extensive analysis of software code protection and confirming open-source content. To stop themselves from being controlled by software, companies can recognize and fix software flaws. Examining the constraints of built applications before they are deployed and sold also helps. Through access to third-party code, software composition analysis gives users influence over software over an application's life cycle.
The number of open-source threats and vulnerabilities are rising along with the adoption of open-source codes; yet software composition analysis is becoming more widely accepted as a useful tool for mitigating these risks. Open-source software (OSS) includes benefits like ease of integration, a large selection of components, no cost, and so forth, but it also has drawbacks like the risk of license compliance, security risk, quality risk, and so forth with OSS. Tools for software composition analysis offer advantages like automated license risk exposure checking, information that facilitates fast identification and resolution of vulnerabilities, increased policy implementation flexibility to better align with business requirements, and product integration support for ongoing development processes.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
On premises
Growth Rate
18.9% CAGR
Global Software Composition Analysis Market ($ Bn)
Country Share by North America (%)
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Software Composition Analysis Market Segmental Analysis
Global Software Composition Analysis Market is segmented by Component, Deployment Type, Organization Size, Vertical, and region. Based on Component, the market is segmented into Solution, and Services. Based on Deployment Type, the market is segmented into On-Premises, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small and Medium-Sized Enterprises. Based on Vertical, the market is segmented into Banking, Financial Services, and Insurance, Government and Defense, Telecom and IT, Retail and Ecommerce, Healthcare, Manufacturing, Automotive, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Deployment Model
As per categorization by deployment model, the market is classified into on-premises and cloud. Among these, cloud earned the largest share and continues to dominate the market. As of the latest trends, the Global Software Composition Analysis (SCA) market is increasingly leveraging cloud-based models to enhance efficiency and scalability. This shift facilitates real-time analysis and management of open-source components across diverse software environments. Cloud SCA solutions are becoming popular due to their cost-effectiveness and ability to seamlessly update and integrate with continuous integration/continuous deployment (CI/CD) pipelines. Moreover, they offer significant advantages in terms of security compliance and risk management, essential for addressing vulnerabilities in open-source software.
As businesses with sensitive or important operations are becoming more concerned about data security and privacy, the on-premises model is expected to develop at the quickest rate in the global software composition analysis (SCA) market. Businesses in industries like banking, healthcare, and government are leading the way in this expansion as they value keeping control over their security solutions to comply with strict rules and protect intellectual property. To further propel its adoption over cloud-based alternatives, on-premises solutions include customization and integration capabilities that are essential for complicated organizational contexts.
Analysis by Enterprize Size
SCA solutions are being used by large organizations more and more to secure and manage their vast software portfolios. The necessity to reduce security risks and adhere to legal requirements when utilizing open-source components is what's driving this trend. Large organizations are especially drawn to innovations in SCA technology, such as improved automation and integration possibilities with current development tools. By streamlining processes, increasing vulnerability detection accuracy, and enabling quick repair, these features promote sound software development practices.
Open-source software is being used more often to cut development costs and time-to-market, small and medium-sized organizations (SMEs) are predicted to grow at the quickest rate in the global software composition analysis market. SMEs are in greater need of tools that guarantee security and compliance without requiring large resources as their digital footprints grow. SCA solutions have become easier to use and more reasonably priced. They provide SMEs with strong security capabilities like patch management and automatic vulnerability scanning, which are crucial for keeping software repositories safe and compliant while saving money.
Global Software Composition Analysis Market By Deployment Model (%)
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Software Composition Analysis Market Regional Insights
Technical advancements and composition analysis are being used by more and more organizations in the North American region. Both big and small companies in the area understand the value of Open-Source Software security and are willing to use specialized software composition analysis solutions to safeguard their open-source code against online attacks and financial gain by computer hackers. The region is at the forefront of software composition analysis usage due to the presence of significant industry players. Asia Pacific is the region with the fastest rate of growth in the global market for refurbished and used mobile phones. This trend is being fueled by rising smartphone adoption and a growing demand for affordable options in nations like China and India.
Due to rising smartphone penetration and consumers' inclination for affordable options, Latin America is becoming the region with the quickest rate of growth. In the meantime, Europe's economy is expanding steadily thanks to strict laws protecting consumer rights and a solid network of reputable refurbishes. Growth in the Middle East and Africa is driven by attempts to diversify the economy and a growing retail industry, albeit more slowly than in Latin America.
Global Software Composition Analysis Market By Geography
- Largest
- Fastest
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Software Composition Analysis Market Dynamics
Drivers
Internet and Mobile Usage Are Fueling the Software Composition
- A lot of people have an obsession to internet browsing. In addition, the closure of schools and universities has led to a rise in the adoption of mobile devices. These are the main reasons propelling the market for software composition analysis. Real-time gross settlement systems (RTGS) and mobile transactions, which have been adopted more frequently because of rising e-commerce, are expected to drive the expansion of the software composition analysis market.
Software Demand in High-Stakes Industries
- Enterprises' time to market has been hindered by the need for digital transformation. The time it takes for products to go on sale has decreased for businesses, whether they are in chains, bits, or versions. However, these companies need to be extremely careful to prevent data leaks and to leave space for flaws and attacks. Every product version that is released must go through the SCA process for security concerns.
Restraints
False Positives and Tool Complexity
- Handling the high percentage of false positives that might happen during scans is a major obstacle to the widespread use of Software Composition Analysis (SCA) techniques. Developers may squander time and money because of these errors as they spend time looking into and fixing problems that are not real dangers. Furthermore, consumers may find the sophistication of SCA technologies intimidating, especially if they are not cybersecurity specialists.
Limited Expertise and Awareness
- The lack of knowledge and understanding of the advantages of software composition analysis within organisations is another significant obstacle. For efficient management and interpretation of the data it offers, SCA need a certain amount of technical expertise. Furthermore, a lot of businesses are unaware of the full impact that open-source vulnerabilities can have on their operations.
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Software Composition Analysis Market Competitive Landscape
The software composition analysis market is rather competitive, with several notable players. In terms of market share, a select few of these companies presently control the software composition analysis sector. Prominent companies employ product innovation and mergers and acquisitions as vital strategies to stay ahead of the competition and broaden their regional reach. According to Synopsis, Inc. (IPU), Graphcore verified its newly announced game-changing Colossus GC200 intelligence processing unit using the Synopsys VCS simulation system with Verdi debug. The most advanced microprocessor ever created is Graphcore's second-generation IPU, which has transistors and independent CPU cores.
Top Player’s Company Profiles
- Synopsys (US)
- Sonatype (US)
- Contrast Security (US)
- nexB (US)
- Snyk Ltd. (UK)
- Checkmarx (Israel)
- GitLab Inc. (US)
- JFrog Ltd. (US)
- FOSSA, Inc. (US)
- Revenera (US)
- SonarSource SA (Switzerland)
- Mend (formerly WhiteSource) (US)
- Aqua Security (Israel)
- ShiftLeft, Inc. (US)
- ArmorCode Inc. (US)
- Phylum (US)
- Anchore Inc. (US)
- OpenScan Technologies, Inc. (US)
- CycloneDX (US)
- Codenotary (US)
- Dependency-Track (OWASP) (US)
Recent Developments
- In January 2023, Apona Security introduces Apona, a software composition analysis (SCA) tool that finds vulnerabilities in libraries and code, including code fragments. Apona Security is a security solutions provider that assists businesses and managed service providers (MSPs) in managing data and enhancing security across their proprietary product suites. The goal of this new security solution is to address the security issues brought on by OSS reuse. It achieves this by extensively examining security flaws using incredibly powerful proprietary tools, assisting companies in remaining safe and compliant.
- In September 2022, to assist developers in safeguarding open-source software components, Palo Alto Networks introduced the first context-aware software composition analysis (SCA) tool. Palo Alto Networks' integration of SCA into Prisma Cloud further solidifies its standing as the leading company in cloud-native security. Conventional SCA solutions are standalone products with a high alert rate, but they lack the runtime context needed to help identify and resolve issues. SCA would make it easier for security and development teams to identify and rank known vulnerabilities that have an impact on the Prisma Cloud platform's application lifecycle.
- In February 2023, Revenera SBOM Insights has been made available by Revenera, a provider of solutions that help technology firms build better products, accelerate time to value, and monetize what matters. Software businesses can better manage their software bills of materials created from many sources with the help of this SaaS solution. Revenera SBOM Insights enhances the accuracy and completeness of SBOMs, facilitating improved security measures, enhanced supply chain collaboration, and transparency.
Software Composition Analysis Key Market Trends
- Integration of Composition Analysis with DevOps Tools: Integrating SCA tools with DevOps approaches is a major trend in the global software composition analysis (SCA) market. Integrating security into the DevOps pipeline has grown essential as companies speed up product delivery to meet market needs. To provide real-time vulnerability identification and mitigation without interfering with the quick deployment cycles that are crucial in a DevOps context, SCA solutions are now being made to fit easily into CI/CD workflows.
- Surge of AI Assistance in the Software Composition: Another important trend in the market is the integration of machine learning and artificial intelligence (AI) technology into SCA solutions. By increasing vulnerability detection accuracy and decreasing false positives, AI improves the capabilities of SCA solutions. With the help of technology, organizations can prioritize threats more wisely and allocate resources more effectively, both of which are essential for optimizing software security policies in an ever-complex threat landscape.
Software Composition Analysis Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the need for software composition analysis to guarantee secure transactions and software installations has grown dramatically due to the spike in internet and mobile device usage, which has been exacerbated by school closures and rising e-commerce. Stricter security measures, such as a thorough software composition analysis for each new product version to prevent data breaches and vulnerabilities, are also required due to the industries' rapid digital transformation. Software Composition Analysis (SCA) is not widely used due to its high false positive rates and complicated tools. Non-expert users find it difficult to handle and understand complex data, and wasting time and money on non-threats requires resource allocation that isn't essential.
The market for software composition analysis is competitive, with a few major competitors controlling a large portion of it using tactics including product innovation and acquisitions to keep their advantage and grow internationally. As an illustration of industrial innovation, consider Graphcore, which verified its cutting-edge Colossus GC200 intelligence processing unit—dubbed the most advanced microprocessor ever made with multiple transistors and separate CPU cores—using Synopsys Inc.'s VCS simulation system with Verdi debug. Key trends in the Software Composition Analysis (SCA) market include integrating SCA tools with DevOps and augmenting them with AI technologies. The goal is to improve threat detection and resource allocation in the face of a complex security landscape and streamline security inside CI/CD workflows.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 398.7 million |
| Market size value in 2031 | USD 2249.93 million |
| Growth Rate | 21.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Software Composition Analysis Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Software Composition Analysis Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Software Composition Analysis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Software Composition Analysis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Software Composition Analysis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Software Composition Analysis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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