Global Software Composition Analysis Market Overview:
Software composition analysis (SCA) is a tool for managing risk, security and license that comes from the use of open source or third party code in application. The uses of open source software (OSS) have risen across various industries which have made it necessary to protect companies from open source (OS) vulnerabilities. SCA is an automated process to scan source code as manually tracking is difficult owing to large number of software creation includes OS. The major factor driving the SCA market is the growing need to enhance security across the industry verticals owing to domonance of open source software. A recent example of major cyber security breach was in September 2017 as claimed by Equifax, in which 145.5 million U.S. Equifax consumers' personal data were accessed by cyber-criminals. and may see market size of USD475.0 Million by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Adoption of Cloud Based SCA Tools
Market Growth Drivers:
High Amount of Risk as well Threat Involved in Open Source Software and Growing Use of Open Source Software in Commercial and IoT Based Application
Challenges:
Drawbacks Associated with On-premises SCA Tools and Intricacy Involved in Its Expansion and Lack of Skilled Workforce Among Enterprises and Less Co-operation Between Development and Security Teams
Restraints:
Rising Market for Devops (Development and Operations) Software Development Methodology and Budget Constraints Among Small and Medium Enterprises
Opportunities:
Growing Demand for SCA Solution in Financial Sectors and Increasing Investment Across Enterprises in Ensuring Security Fueled by Stringent Government Regulation
Competitive Landscape:
Some of the key players profiled in the report are Synopsys (United States), Sonatype (United States), Veracode (United States), WhiteHat Security (United States), WhiteSource Software (United States), Contrast Security (United States), Flexera (United States), nexB (United States), Rogue Wave Software (United States) and SourceClear (United States). Additionally, following companies can also be profiled that are part of our coverage like Tricentis (Austria), Micro Focus (United Kingdom), SmartBear Software (United States), SOASTA (United States) and Xamarin (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Software Composition Analysis market by 2027. Considering Market by Enterprise Size, the sub-segment i.e. Large enterprises will boost the Software Composition Analysis market. Considering Market by Deployment Type, the sub-segment i.e. On-premises will boost the Software Composition Analysis market. Considering Market by Industry Verticals, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Software Composition Analysis market. Considering Market by Component, the sub-segment i.e. Solution will boost the Software Composition Analysis market.
There has been technological advancement in SCA tools right from the launch of 1st generation Open Source Code Scanning SCA in 2002. In 2011, Fast forward and WhiteSource introduced Continuous Open Source Components Management tools to meet the needs of recent production standard. As recent as May 2018, WhiteSource launched the next-gen SCA solutions. This newly developed tool offers the information about components availability in the application. It provides details on how components are being used with actionable insight and emphasize their effect on the security of the application.
There are stern regulatory guidelines such as General Data Protection Regulation(GDPR), Ibero-American Data Protection Network (RIPD) and others are there at place. GDPR applies to data controllers and data processors organizations of EU residents. In case of data breach by any organization, GDPR enforces a fine either between 2% to 4% of their annual global turnover or up €20 million, whichever is higher. Habitual offender or failure to adhere to rules may end up paying higher fines of up to €40 million.
What Can be Explored with the Software Composition Analysis Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Software Composition Analysis Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Software Composition Analysis
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Software Composition Analysis market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Software Composition Analysis market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Software Composition Analysis Solution Vendors, Cyber-security Vendors, Application Security Vendors, Defense Organizations, Government Agencies, Consulting Firms, Research Institutes, System Integrators, Value-Added Resellers (VARs), Information Technology (IT) Security Agencies, Managed Security Service Providers (MSSPs) and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.