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

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.