Software Composition Analysis Market - Size, Share, Trends, and Forecast to 2026



Software composition analysis (SCA) is a software that is used to provide security from potential cyber threat. It is responsible for performing detailed software code security analysis when developing or buying any software. Enterprises can find and fix a software vulnerability to prevent being exploited for malicious purposes with help of SCA by reviewing internally developed applications before being deployed and third-party software before being purchased.   
Market Dynamics
Increasing security concerns in open source coding and growing adoption of cloud-based technologies are the major factors driving growth of the software composition analysis market. According to Coherent Market Insights’ analysis, by 2020, around 92%of the workload is expected to be processed by cloud data centers. Moreover, increasing adoption of mobile devices and internet is expected to escalate the overall market growth. For instance, according to Coherent Market Insights’ analysis, around 3.4 billion internet users were reported worldwide in 2016, and around 44% of the global population accessed internet in the same year. Majority of the global internet users were located in Asia Pacific. China was the leading country in digital marketing in the world with over 720 million internet users in 2016.

Growing applications in BFSI sector is expected to offer lucrative growth opportunities for the software composition analysis solutions and services during the forecast period.
The banking and finance sector could benefit by adopting IT solutions for improvement of banking services. For instance, according to the Coherent Market Insights’ analysis, in 2014, the IT spending on BFSI sector was US$ 487.2 billion, which increased to US$ 498.42 billion in 2015. Increasing adoption of online transactions and rising use of services such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS), and mobile transactions is propelling demand for security solutions. This is owing to facility of safe and secure tractions provided by the software composition analysis solutions and services, as online transactions are vulnerable to hacking.  
The Banking, Financial Services, and Insurance (BFSI) segment held the dominant position in 2017.
On the basis of industry vertical, the global Software Composition Analysis Market size is segmented into banking, financial services, & insurance (BFSI), government & defense, IT & telecom, healthcare, retail & E-commerce, automotive, manufacturing, and others. The BFSI segment held dominant position in the Software Composition Analysis Market in 2017 and is projected to retain its dominance throughout the forecast period. High adoption of open source software in banking, financial services and insurance sector is one of the major driving factors for growth of the segment.
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Key Players- Global Software Composition Analysis Market.
The major players operating in the global AIops Platform industry include, WhiteSource Software, Sonatype, Inc., Synopsys, Inc., WhiteHat Security, Veracode (CA Technologies), Flexera, NexB, Inc., SourceClear, and Rogue Wave Software..
Detailed Segmentation:
  • Global Software Composition Analysis Market, By Component:
    • Solution
      • Policy management
      • Risk Management, Alerting, and Reporting
      • Vulnerability Detection
      • License Management
      • Others
    • Services
      • Professional Services
        • Consulting Services
        • Support & Maintenance
        • Others
      • Managed Services
  • Global Software Composition Analysis Market, By Deployment Model
    • Cloud Based
    • On-Premise
  • Global Software Composition Analysis Market, By Organization Size
    • Small and Mid-sized Companies
    • Large Enterprises

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