Global Software Composition Analysis Market Size By Deployment Type (On-Premise, Cloud-Based), By End-User Industry (BFSI, Telecom & IT, Government & Defence), By Organization Size (Large Enterprises, & SMEs), By Geographic Scope And Forecast

Software Composition Analysis Market size was valued at USD 175.9 Million in 2024 and is projected to reach USD 740.85 Billion by 2031, growing at a CAGR of 19.69% during the forecast period 2024-2031.

Cloud-based Software Composition Analysis's reliability, mobility, and lower total cost of ownership can provide a competitive advantage, allowing the competitive advantage taking the asset management strategy to the next level. The visible benefits of cloud-based software and the growing popularity of such solution is further boosting the market growth. The Global Software Composition Analysis Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Software Composition Analysis Market Overview

The software composition analysis solution ensures that open-source codes, components, and software do not interfere with the project's operation or negatively impact the user experience. These technologies ensure that open-source content is checked at every level of the SDLC. Risk management, vulnerability detection, alerting and reporting, policy administration, licencing management, and remediation are all important capabilities of the software composition analysis solution. Therefore, growing risk of open-source code boosts the market. Growing user preference for online transactions, as well as increased adoption of multiple services such as the Electronic Clearing Service (ECS), National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), and mobile transactions, are expected to propel the global software composition analysis market forward during the forecast period. Moreover, rising Popularity of Cloud Based software in SMEs motivates the market. Compared to traditional on-premise software, cloud-based software offers different benefits and cost savings. Cloud-based Software Composition Analysis's reliability, mobility, and lower total cost of ownership can provide a competitive advantage, allowing the competitive advantage taking the asset management strategy to the next level. The visible benefits of cloud-based software and growing popularity of such solution is further boosting the market growth.

The shortage of skilled employees is one of the biggest barriers to Software Composition Analysis adoption. Because of a lack of training and a trained workforce, each member of the maintenance team develops their own methods for using the software. As a result, the database becomes increasingly intricate and disorganised. The organisations are unable to use the time-saving features for which they have paid. As a result, one of the key challenges in the Software Composition Analysis business is a lack of skilled workforce.

Global Software Composition Analysis Market Segmentation Analysis

The Global Software Composition Analysis Market is segmented on the basis of Deployment Type, End-User Industry, Organization Size and Geography.

Software Composition Analysis Market, By Deployment Type

On-Premise
Cloud-Based

Based on Deployment Type, the market is bifurcated into On-Premise, Cloud Based. Cloud-based accounted for the largest market share in 2020, Cloud-based tools in general are extremely beneficial as they facilitate the management of a company's infrastructure. The ability of cloud-based services to improve operational costs as well as its ability to increase the number of individuals that are able to participate in a specific application are driving the growth of the overall cloud-based Software Composition Analysis market.

Software Composition Analysis Market, By End-User Industry

BFSI
Telecom & IT
Government & Defence
Automotive
Others

Based on End-User Industry, the market is bifurcated into BFSI, Telecom & IT, Government & Defence, Automotive And Others. BFSI accounted for the largest market share of 41.40% in 2020. Due to the software composition analysis solutions and services' ability to deliver safe and secure tractions, as online transactions are subject to hacking, it gets widely used in BFSI.

Software Composition Analysis Market, By Organization Size

Large Enterprises
SMEs

Based on Organization Size, the market is bifurcated into Large Enterprises, & SMEs. Large Enterprises accounted for the largest market share in 2020 and are projected to grow at a CAGR of 19.02% during the forecast period. The large enterprise segment is anticipated to have a larger market share as the adoption is high in larger enterprises owing to the need to launch digital collaboration within large distributed teams and control overseas businesses through timely updates.

Software Composition Analysis Market, By Geography

North America
Europe
Asia Pacific
Rest of the world
On the basis of Regional Analysis, the Global Software Composition Analysis Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share of 40.76% in 2020, with a market value of USD 96.41 Million and is projected to grow at a CAGR of 18.15% during the forecast periodThe rising prevalence of smartphone users, coupled with the advancements in the latest technologies, is further expected to help increase the overall Software Composition Analysis solutions market size in the forecast period.

Key Players

The "Global Software Composition Analysis Market " study report will provide valuable insight with an emphasis on the North American market. The major players in the market are GitLab, JFrog, BLACK DUCK., FOSSA, WhiteSource, Sonatype, Snyk, and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players

Key Developments

GitLab Inc. has acquired UnReview, a machine learning (ML) based system for automatically identifying relevant expert code reviewers and managing review workloads and distribution of knowledge.
JFrog acquired Vdoo for $ 300,000,000.

Product Code: 26926

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.10 RESEARCH FLOW
2.11 KEY INSIGHTS FROM INDUSTRY EXPERTS
2.12 DATA SOURCES

3 EXECUTIVE SUMMARY

3.1 MARKET OVERVIEW
3.2 GLOBAL SOFTWARE COMPOSITION ANALYSIS MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 GLOBAL SOFTWARE COMPOSITION ANALYSIS MARKET, BY DEPLOYMENT MODE (USD MILLION)
3.4 GLOBAL SOFTWARE COMPOSITION ANALYSIS MARKET, BY ORGANIZATION SIZE (USD MILLION)
3.5 GLOBAL SOFTWARE COMPOSITION ANALYSIS MARKET, BY END-USE INDUSTRY (USD MILLION)
3.6 FUTURE MARKET OPPORTUNITIES
3.7 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 GLOBAL SOFTWARE COMPOSITION ANALYSIS MARKET OUTLOOK
4.2 MARKET DRIVERS
- 4.2.1 GROWING RISKS RELATED TO OPEN-SOURCE CODE
- 4.2.2 INCREASING ADOPTION OF MULTIPLE SERVICES INCLUDING NEFT, ECS, RTGS AND MOBILE PAYMENTS
4.3 MARKET RESTRAINTS
- 4.3.1 DEARTH OF SKILLED WORKFORCE TO HAMPER THE MARKET
4.4 MARKET OPPORTUNITIES
- 4.4.1 RISING POPULARITY OF CLOUD-BASED SOLUTIONS AMONG SMES
4.5 COVID-19 IMPACT ON THE MARKET
4.6 NUMBER OF SOFTWARE DEVLOEPERS IN EACH COUNTRY

5 MARKET, BY DEPLOYMENT Type

5.1 OVERVIEW
5.2 CLOUD-BASED
5.3 ON-PREMISE

6 MARKET, BY END-USER INDUSTRY

6.1 OVERVIEW
6.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
6.3 TELECOM AND IT
6.4 RETAIL & E-COMMERCE
6.5 GOVERNMENT & DEFENSE
6.6 AUTOMOTIVE
6.7 OTHERS

7 MARKET, BY ORGANIZATION SIZE

7.1 OVERVIEW
7.2 SMALL MEDIUM ENTERPRISES
7.3 LARGE ENTERPRISES

8 MARKET, BY GEOGRAPHY

8.1 OVERVIEW
8.2 NORTH AMERICA
- 8.2.1 NORTH AMERICA MARKET SNAPSHOT
- 8.2.2 U.S.
- 8.2.3 CANADA
- 8.2.4 MEXICO
8.3 EUROPE
- 8.3.1 EUROPE MARKET SNAPSHOT
- 8.3.2 GERMANY
- 8.3.3 U.K.
- 8.3.4 FRANCE
- 8.3.5 REST OF EUROPE
8.4 ASIA PACIFIC
- 8.4.1 ASIA PACIFIC MARKET SNAPSHOT
- 8.4.2 CHINA
- 8.4.3 JAPAN
- 8.4.4 INDIA
- 8.4.5 REST OF APAC
8.5 ROW
- 8.5.1 ROW MARKET SNAPSHOT
- 8.5.2 MIDDLE EAST AND AFRICA
- 8.5.3 LATIN AMERICA

9 COMPETITIVE LANDSCAPE

9.1 OVERVIEW
9.2 COMPETITIVE SCENARIO
9.3 COMPANY MARKET RANKING ANALYSIS
9.4 COMPANY MARKET SHARE ANALYSIS

10 COMPANY PROFILES

10.1 GITLAB
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 COMPANY INSIGHTS
- 10.1.3 PRODUCT BENCHMARKING
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
10.2 JFROG
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 COMPANY INSIGHTS
- 10.2.3 PRODUCT BENCHMARKING
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
10.3 BLACK DUCK
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 COMPANY INSIGHTS
- 10.3.3 PRODUCT BENCHMARKING
- 10.3.4 SWOT ANALYSIS
10.4 WHITESOURCE
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 COMPANY INSIGHTS
- 10.4.3 PRODUCT BENCHMARKING
- 10.4.4 KEY DEVELOPMENTS
10.5 SNYK LIMITED
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 COMPANY INSIGHTS
- 10.5.3 PRODUCT BENCHMARKING
- 10.5.4 KEY DEVELOPMENTS
10.6 FOSSA
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 COMPANY INSIGHTS
- 10.6.3 PRODUCT BENCHMARKING
- 10.6.4 KEY DEVELOPMENTS
10.7 SOURCECLEAR
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 COMPANY INSIGHTS
- 10.7.3 PRODUCT BENCHMARKING
- 10.7.4 KEY DEVELOPMENTS
10.8 WHITEHAT SECURITY
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 COMPANY INSIGHTS
- 10.8.3 PRODUCT BENCHMARKING
- 10.8.4 KEY DEVELOPMENTS
10.9 SONATYPE
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 COMPANY INSIGHTS
- 10.9.3 PRODUCT BENCHMARKING
- 10.9.4 KEY DEVELOPMENTS
10.10 THREATWATCH
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 COMPANY INSIGHTS
- 10.10.3 PRODUCT BENCHMARKING
10.11 CAST HIGHLIGHT
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 COMPANY INSIGHTS
- 10.11.3 PRODUCT BENCHMARKING
10.12 DEPENDENCY-TRACK
- 10.12.1 COMPANY OVERVIEW
- 10.12.2 PRODUCT BENCHMARKING
10.13 FLEXERA
- 10.13.1 COMPANY OVERVIEW
- 10.13.2 COMPANY INSIGHTS
- 10.13.3 PRODUCT BENCHMARKING
- 10.13.4 KEY DEVELOPMENTS