The report "Software Composition Analysis Market by
Component (Solution and Services (Professional and Managed)), Organization
Size, Deployment Type (On-Premises and Cloud), Vertical (BFSI, Healthcare,
Telecom & IT), and Region - Global Forecast to 2022", The software
composition analysis market size is expected to grow from USD 154.0 Million in
2017 to USD 398.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of
20.9% during the forecast period. The demand for software composition analysis
solutions is expected to be majorly driven by the increasing threat levels on
open-source codes. Moreover, commercial and IoT-based software products’ dependence
on open-source codes and stringent regulations are expected to boost the
adoption of software composition analysis solutions and services among
enterprises.
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Software composition analysis solution makes
sure that the open-source codes, components, and software do not disrupt the
functioning of project and affect the user experience. These solutions
guarantee the checking of open-source contents at every stage of SDLC.
Significant capabilities provided by the software composition analysis solution
are vulnerability detection, risk management, alerting and reporting, license
management, policy management, and remediation.
The retail vertical is expected to grow at the
highest CAGR during the forecast period. The retail industry is always on the
top in terms of cost-cutting, improving revenue margin, adopting the latest
technologies, and using open-source codes. Moreover, retailers need to adhere
to various compliance mandates through regulatory standards such as PCI DSS and
TR-39. The use of open-source codes is quite prevalent in the retail and
e-commerce vertical.
North America is estimated to have the largest market size in
2017, while APAC is projected to be the fastest growing region at the highest
CAGR during the forecast period as APAC enterprises are deploying software
composition analysis solutions at a faster rate. Large enterprises and SMEs in
APAC realize the significance of Open Source Software (OSS) security, and are
receptive toward adopting dedicated software composition analysis solutions to
secure their open-source codes from cyber threats, and misuse for monetary
gains of computer hackers.
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Major
market vendors providing software composition analysis solutions and services
are Synopsys (US), Sonatype (US), Veracode (US), WhiteHat Security (US),
WhiteSource Software (US), Contrast Security (US), Flexera (US), nexB (US),
Rogue Wave Software (US), and SourceClear (US).
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