Global Software Composition Analysis Market

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 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.

Software Composition Analysis Market Report Snapshots

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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).

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. '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)'

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.

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.

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Software Composition Analysis Market Regional Insights

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