Software Composition Analysis Market Updates

Software Composition Analysis Market size was valued at USD 483.22 Million in 2023 and is poised to grow from USD 585.66 Million in 2024 to USD 2726.92 Million by 2032, growing at a CAGR of 21.20% during the forecast period (2025-2032).

'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)'

• 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 Focus on DevSecOps Practices: Increasing emphasis on DevSecOps practices is creating immense opportunities for the players competing in the software composition analysis market. The demand for products that can be easily implemented in CI/CD processes is increasing as organizations are using security in DevOps. Such software composition analysis tools utilized for real-time suggestion or vulnerability scanning has become a crucial part of these security-based software development practices.  

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.