Software Composition Analysis Market
Report ID: SQMIG45E2253
Report ID: SQMIG45E2253
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Report ID:
SQMIG45E2253 |
Region:
Global |
Published Date: November, 2024
Pages:
195
|Tables:
84
|Figures:
70
Software Composition Analysis Market size was valued at USD 585.66 Million in 2024 and is poised to grow from USD 709.82 Million in 2025 to USD 3305 Million by 2033, growing at a CAGR of 21.2% during the forecast period (2026–2033).
The software composition analysis market is rapidly expanding because of its increasing dependency on open-source software in modern applications and the rising need to manage security vulnerabilities and license compliance. Moreover, software composition analysis (SCA) tools help companies in identifying, tracking, and managing open-source components in their software. This makes sure that the components are free from vulnerabilities and comply with licensing requirements. The main factors that are boosting the growth of the market are the rise in cyber threats targeting software supply chains, strict regulatory requirements like GDPR and HIPAA. The move towards DevSecOps practices that can incorporate security early in the development procedure is also fueling growth of the market.
The increasing utilization of open-source software is a significant driver for the software composition analysis market growth. This is because organizations in different industries are making use of open-source components to improve development processes, minimize expenses, and benefit from the collective innovation of global developer communities. Open-source software offers the flexibility and scalability necessary for modern applications, enabling organizations to develop robust solutions without starting from scratch. Furthermore, compliance with open-source licenses is vital for avoiding legal repercussions. This increased dependency on open-source software requires efficient management solutions for making sure that all components are secure, updated, and comply with relevant licenses.
Market snapshot - 2026-2033
Global Market Size
USD 483.22 Million
Largest Segment
Cloud-Based
Fastest Growth
On-Premise
Growth Rate
21.20% CAGR
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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.
Based on deployment model, the cloud-based segment is dominating the market with the largest software composition analysis market share. Cloud-based SCA solutions provide scalable resources that can easily adapt with the changing requirements of organizations, accommodating everything from small projects to large enterprise applications. Cloud deployment helps organizations to quickly implement and scale SCA tools as their software development requirements. This provides immense flexibility in managing open-source components across different projects and teams. Similarly, cloud-based SCA tools can smoothly incorporate with DevOps practices and continuous integration/continuous deployment (CI/CD) pipelines. This allows automated and continuous monitoring of open-source components throughout the development lifecycle.
The on-premises segment is expected to grow at a significant CAGR during the forecast period. Companies that prioritize control over their IT assets, including software tools like SCA solutions, do this to align with their organizational culture and government regulations. These companies often have strict policies about data security, compliance, and risk management, which require direct management of technology assets. By selecting the on-premises implementation of SCA solutions, these organizations will get full control over their data, infrastructure, and security protocols. Moreover, this method also enables them to implement customized security measures, integrate smoothly with their current IT environments. On-premises solutions also help companies to strictly follow the regulatory requirements without depending on external service providers.
Based on vertical, the BFSI segment is dominating the software composition analysis market. Financial facilities are more likely to be targeted by cyberattacks because of the immense value of financial data and the possible financial gains for hackers. These institutions manage sensitive information like customer financial records, transaction details, and personal identification data, making them the main targets for cybercriminals stealing money, committing fraud, or disrupting financial markets. In such a high-stakes environment, SCA tools are playing a vital part in enhancing the position of cybersecurity. By constantly scanning and analyzing open-source components utilized in their software applications, SCA tools can efficiently recognize vulnerabilities that can be exploited by cybercriminals. These vulnerabilities can exist in libraries, frameworks, or dependencies integrated into financial systems. Therefore, it is necessary that quick identification and mitigation of these vulnerabilities are conducted for minimizing the impact of attack and strengthen defenses against potential exploits.
As per software composition analysis market forecast, the retail & e-commerce segment will continue to experience the fastest growth in recent years. Retail and e-commerce organizers are utilizing digital technologies to drive sales, improve inventory management, and enhance the overall customer experience. With this transformation, the dependency on incorporating open-source components into their software solutions is also increasing. These components offer cost-efficient and innovative functionalities but also introduce security and compliance challenges. This incorporation of open-source software is increasing the requirement for strong SCA tools so that it can efficiently manage and reduce risks related to vulnerabilities and license compliance issues in the retail sector. Software composition analysis tools play a crucial role in the retail & e-commerce sector for constantly monitoring and analyzing open-source components used in digital platforms. It helps the companies to maintain strict security standards and regulatory requirements.
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North America is dominating with the largest software composition analysis market share. The regions of North America like the United States and Canada, maintains rigorous regulatory frameworks across industries like healthcare, finance, and government. They follow the rules formulated by HIPAA, PCI-DSS, and FISMA. Their regulations mandate strict data protection and software compliance standards. SCA solutions are important for enterprises in these sectors as they make sure they follow the regulatory requirements. It is done by identifying and reducing vulnerabilities in open-source software components. By managing licensing issues and improving software security practices, SCA tools assist companies to maintain compliance, reduce risks of data breaches, and maintain trust among stakeholders. It supports the company's efforts in safeguarding sensitive information and meeting regulatory mandates efficiently.
Over the course of the projected period, it is anticipated that the software composition analysis market in Asia Pacific would expand with the highest growth. Asia Pacific is going through rapid digital transformation across various sectors, resulting in widespread adoption of open-source software to drive innovation and efficiency. This surge in open-source usage necessitates robust management of security and compliance to prevent vulnerabilities and legal issues. SCA tools are critical for this because they offer comprehensive information about the open-source components, recognizing potential risks and ensuring adherence to regulatory standards. The increasing dependency on digital technologies and open-source software in the region fuels the demand for SCA solutions, making them extremely valuable for maintaining secure and follow software development practices.
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Software Composition Analysis Market Drivers
Growing Awareness about Open-Source Vulnerabilities
Rising awareness of open-source vulnerabilities is boosting the demand for the software composition analysis market. Organizations in several industries understand that utilizing open-source components in their software has its dangers and is filled with cyberthreats. This is increasing awareness and makes it crucial for businesses to implement efficient analysis tools for evaluating threats that are likely to impact software solutions.
Growing Adoption of Software Composition Analysis
The rapid growth in adoption of software composition analysis is notably driving market growth. The global market for software composition analysis (SCA) is experiencing significant growth because of the benefits provided by cloud-based solutions. Organizations, irrespective of their size, are gradually adopting SCA in the cloud for reducing capital expenditures (CAPEX) and minimizing operational expenses. Small and medium enterprises (SMEs) and start-ups are also especially drawn to cloud solutions because of their flexibility and ease of deployment.
Software Composition Analysis Market Restraints
Rising Concern about Data Security
Data security and cybersecurity concerns are the primary challenge that is impacting the growth of the market. The significance of securing organizational data has increased immensely because of the rising number of cyberattacks for obtaining confidential financial information. This concern is especially applicable for sectors like banking, financial services, insurance (BFSI) and healthcare. Therefore, many companies are adopting cloud-based software solutions, which provide cost-efficient and ease of use.
High Implementation Expenses
High expense related to the incorporation of these technologies is restricting the growth of the market. SMEs get discouraged due to the high initial expense of implementation and the costs of maintaining the tools, like subscription fees. This increases the expenses and prevents many organizations, particularly the ones with a less IT budget, from adopting it. Furthermore, updating the software and providing support services makes it costly, hindering the growth of the software composition analysis market.
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The software composition analysis industry is highly competitive because there are many players. In terms of market share, some of these prominent companies are presently controlling the software composition analysis sector. The leading companies are investing in innovation and mergers and acquisitions because these have become vital strategies to stay ahead of the competition and increase their market presence. As per 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.
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, software composition analysis (SCA) is a vital security practice that emphasizes on recognizing and managing open-source components utilized in applications, ensuring licensing compliance, and improving code quality. With the growing software composition analysis market trend of adopting IoT and cloud-based services, the usage of open-source software in software development has increased. The software composition analysis tools help in identifying vulnerabilities in manifest files, source code, binary files, container images, and bill of materials (BoM). Furthermore, the importance of software composition analysis is also increasing in securing software to prevent cyberattack that can jeopardize the security of an organization or a country, resulting in the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 585.66 Million |
| Market size value in 2033 | USD 3305 Million |
| Growth Rate | 21.2% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| 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 |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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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