[153 Pages Reports] The global software composition analysis market size is expected to grow from USD 129.1 Million in 2016 to USD 398.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The base year considered for this study is 2016, and the forecast period is 2017�2022. The increasing level of threats and risks in open-source codes is one of the major factors fueling the growth of the global market.

Objectives of the Study

To define, describe, and forecast the software composition analysis market by component (solution and services), organization size, deployment type, vertical, and region

To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

To analyze market opportunities for stakeholders by identifying high-growth segments of the market

To forecast the market size of the segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

To profile the key players in the market and comprehensively analyze their market size and core competencies2

To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations, in the global market

The research methodology used to estimate and forecast the software composition analysis market began with the capturing of data on the revenues of key vendors through secondary sources, such as annual reports; press releases; associations and consortiums, such as the IEEE Cyber Security Community; Information Security Research Association (ISRA); Information Systems Security Association (ISSA); RSA Security; the SysAdmin, Audit, Network, and Security (SANS) Institute; and SC Magazine; databases such as Factiva, D&B Hoovers, and Bloomberg BusinessWeek; company websites; and news articles. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenues of key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments. The breakdown of the primary profiles is depicted in the following figure:

To know about the assumptions considered for the study, download the pdf brochure

The software composition analysis ecosystem includes several providers, such as Synopsys (US), Sonatype (US), Veracode (US), WhiteHat Security (US), and WhiteSource Software (US). Other stakeholders include cybersecurity vendors, Open Source Software (OSS) security vendors, application security vendors, Independent Software Vendors (ISVs), system integrators, consulting companies, and enterprise customers.

Key Target Audience for Software Composition Analysis Market

Software composition analysis solution vendors

Cybersecurity vendors

Application security vendors

Defense organizations

Government agencies

ISVs

Consulting firms

System integrators

Value-Added Resellers (VARs)

Information Technology (IT) security agencies

Managed Security Service Providers (MSSPs)

�The research study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2 to 5 years, for prioritizing the efforts and investments.�

Scope of the Software Composition Analysis Market Research Report

Report Metrics Details Market size available for years 2016�2022 Base year considered 2017 Forecast period 2017�2022 Forecast units Million (USD) Segments covered Component (Solution and Services (Professional and Managed)), Organization Size, Deployment Type (On-Premises and Cloud), Vertical (BFSI, Healthcare, Telecom & IT), and Region Geographies covered North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America Companies covered 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).

The research report categorizes the Software Composition Analysis Market to forecast the revenues and analyze trends in each of the following subsegments:

By Component

Solution

Services Professional services Support and maintenance Training and education Planning and consulting Managed services



Software Composition Analysis Market By Organization Size

Large enterprises

Small and Medium-sized Enterprises (SMEs)

By Deployment Type

On-premises

Cloud

By Vertical

Banking, Financial Services, and Insurance (BFSI)

Telecom and IT

Healthcare

Government and defense

Retail and e-commerce

Manufacturing

Automotive

Others (energy and utilities, education, and media and entertainment)

By Region

North America US Canada

Europe UK Germany France Rest of Europe

APAC China Japan Rest of APAC

MEA Middle East Africa

Latin America Mexico Brazil Rest of Latin America



Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company�s specific needs. The following customization options are available for the report:

Geographic Analysis

Further breakdown of the APAC market into countries contributing 75% of the regional market size

Further breakdown of the North American market into countries contributing 75% of the regional market size

Further breakdown of the Latin American market into countries contributing 75% of the regional market size

Further breakdown of the MEA market into countries contributing 75% of the regional market size

Further breakdown of the European market into countries contributing 75% of the regional market size

Company Information

Detailed analysis and profiling of additional market players (up to 5)

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 and services is expected to be driven by many factors, such as increasing threats to open-source codes, stringent government regulations, and dependence of commercial and IoT-based software products on open-source codes.

The software composition analysis market has been segmented on the basis of components, organization sizes, deployment types, verticals, and regions. Among the components, the services segment is expected to grow at a higher CAGR during the forecast period and the solutions segment is estimated to have the largest market size in 2017. The software composition analysis solution and services make sure that the open-source code, component, and software do not disrupt the functioning of projects and affect the user experience. The software composition analysis solution provides significant capabilities, such as vulnerability detection, risk management, alerting, and reporting, license management, policy management, and remediation.

The large enterprises segment is expected to hold a larger market size, whereas the Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at a high CAGR during the forecast period. Large enterprises have been operating in a highly saturated market, wherein, they are left behind with limited growth opportunities. The open-source code analysis solution, required by large enterprises, needs to help work in an agile approach rather than the waterfall approach. Vulnerability detection should be done with minimal false positives and should be able to track vulnerability in every step of SDLC. Thus, a robust software composition analysis solution enables the software development, quality, and security teams to work in unison.

The BFSI vertical is expected to dominate the software composition analysis market by verticals with the largest market size, whereas the retail and e-commerce vertical is expected to grow at the highest CAGR during the forecast period. The BFSI vertical�s dominance is attributed to the fact that these enterprises rely heavily on the open-source software technology to increase their operational efficiency and avoid proprietary source code vendor lock-ins. The retail and e-commerce vertical is focused on cost-cutting, improving the revenue margin, and adhering to various regulatory compliances. To achieve this, the retail and e-commerce vertical is increasingly adopting open-source components and hence, is rapidly deploying software composition analysis solutions for Open Source Software (OSS) security.

North America is estimated to hold the largest market share in 2017, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period in the software composition analysis market. Increasing threats on open-source codes, stringent regulations, and dependence of commercial and IoT based software products on open-source codes are expected to drive the demand for software composition analysis solutions and services, globally.

High adoption of software composition analysis solutions in the FinTech sector and an increasing demand for cloud-based software composition analysis solutions are expected to provide significant opportunities to the software composition analysis market to flourish. However, major issues faced by enterprises while adopting software composition analysis solutions and services are DevOps and budgetary constraints among SMEs.

Major 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). These players have adopted various strategies, such as new product launches; partnerships, agreements, and collaborations; mergers and acquisitions; and business expansions to expand their presence in the global software composition analysis market.

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