Global Software Composition Analysis Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Software Composition Analysis Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global software composition analysis market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global software composition analysis market report has been segmented on the basis of component, organization size, deployment mode, and region.

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Introduction  

Software composition analysis (SCA) is a software used to provide security from potential cyber threat. The software is responsible for performing detailed software code security analysis and checking open-source contents at each stage of software development life cycle (SDLC). The organizations are able to find and fix software vulnerability to prevent being exploited for malicious purposes with the help of SCA by reviewing internally developed applications before it deployed and third-party software before it being purchased.

Market Dynamics

Increasing consumer preference towards online transactions and rising adoption of various services such as National Electronic Fund Transfer (NEFT), Electronic Clearing Service (ECS), Real-time Gross Settlement Systems (RTGS), and mobile transactions are major factors expected to drive growth of the global software composition analysis market over the forecast period. In addition, software composition analysis solutions and services offers secure and safe transaction facilities is expected to boost growth of the target market over the forecast period. Furthermore, rising adoption of mobile devices and use of internet across the globe is another factor expected to support growth of the global market over the forecast period.

Increasing adoption of software composition analysis solutions and services across various applications in BFSI sector is expected to create potential revenue opportunities for players operating in the target market over the forecast period. In addition, increasing technological advancements, launch of innovative services, and strategic partnership and acquisition by key players are expected to create lucrative opportunities for the target market over the forecast period. For instance, in 2016, Checkmarx Inc. entered into strategic partnership with WhiteSource Software Ltd. in order to offer comprehensive Open Source Analysis (OSA) solution to Checkmarx Inc.’s users.

Analysis by Component

On the basis of component segment, the global software composition analysis market is segmented in to software and services. The services component segment is expected to expected to register significant growth over the forecast period, owing to increasing demand for successfully implement software composition analysis solutions across the enterprises.

Analysis by Region

The market in North America is expected to dominate the global software composition analysis market in terms of revenue over the forecast period, owing to increasing adoption of software composition analysis across various organizations in various countries in this region. In addition, the market in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to technological advancements across various countries in this region.

Global software composition analysis market segmentation:

Segmentation by component:

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

Segmentation by organization size:

• Large enterprises
• Small and Medium-sized Enterprises (SMEs)

Segmentation by deployment mode:

• On-premises
• Cloud-based

Segmentation 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)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa