PUBLISHER: KBV Research | PRODUCT CODE: 1539154
PUBLISHER: KBV Research | PRODUCT CODE: 1539154
The North America Software Composition Analysis Market would witness market growth of 17.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Others Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23,710.7 Thousands by 2031. The Canada market is experiencing a CAGR of 19.7% during (2024 - 2031). Additionally, The Mexico market would exhibit CAGR of 19.3% during (2024 - 2031).
Software composition analysis (SCA) plays a pivotal role in modern software development by managing and securing the various components that make up software applications, especially those derived from open-source or third-party sources. SCA's applications are broad and vital for ensuring software systems' security, compliance, and quality.
SCA tools scan software components, including open-source libraries and third-party dependencies, to identify known security vulnerabilities. These vulnerabilities are cataloged in databases maintained by organizations like the National Vulnerability Database (NVD) or other cybersecurity entities.
The rapid growth of e-commerce in Mexico has led to an increased reliance on online payment systems. SCA tools are essential for analyzing and securing payment gateways used by e-commerce platforms. These tools ensure that payment software components are free from vulnerabilities and comply with industry security standards, protecting against fraud and data breaches. The domestic e-commerce industry was valued at USD 26.2 billion in 2022, a 23% increase from 2021, per the International Trade Administration (ITA).
Based on Deployment, the market is segmented into Cloud and On-Premise. Based on Component, the market is segmented into Solution and Services (Professional Services and Managed Services). Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise. Based on End-use, the market is segmented into BFSI, Government & Defense, Healthcare, IT & Telecom, Automotive, Manufacturing, Retail & eCommerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Software Composition Analysis Market Report Segmentation
By Deployment
By Component
By Enterprise Size
By End-use
By Country