According to research report “Software Composition Analysis Market by Component (Solution and Services (Professional and Managed)), Organization Size, Deployment Type (On-Premises and Cloud), Vertical (BFSI, Healthcare, Telecom & IT), and Region – Global Forecast to 2022”, The software composition analysis market size is expected to grow from USD 154.0 Million in 2017 to USD 398.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period.
The demand for software composition analysis solutions is expected to be majorly driven by the increasing threat levels on open-source codes. Moreover, commercial and IoT-based software products’ dependence on open-source codes and stringent regulations are expected to boost the adoption of software composition analysis solutions and services among enterprises.
Browse 69 market data Tables and 46 Figures spread through 153 Pages and in-depth TOC on “Software Composition Analysis Market – Global Forecast to 2022”
Early buyers will receive 10% customization on reports.
Solutions segment is expected to hold the largest market share during the forecast period
Software composition analysis solution makes sure that the open-source codes, components, and software do not disrupt the functioning of project and affect the user experience. These solutions guarantee the checking of open-source contents at every stage of SDLC. Significant capabilities provided by the software composition analysis solution are vulnerability detection, risk management, alerting and reporting, license management, policy management, and remediation.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266195176
The retail and e-commerce vertical is expected to grow at the highest CAGR during the forecast period
The retail vertical is expected to grow at the highest CAGR during the forecast period. The retail industry is always on the top in terms of cost-cutting, improving revenue margin, adopting the latest technologies, and using open-source codes. Moreover, retailers need to adhere to various compliance mandates through regulatory standards such as PCI DSS and TR-39. The use of open-source codes is quite prevalent in the retail and e-commerce vertical.
Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period
North America is estimated to have the largest market size in 2017, while APAC is projected to be the fastest growing region at the highest CAGR during the forecast period as APAC enterprises are deploying software composition analysis solutions at a faster rate. Large enterprises and SMEs in APAC realize the significance of Open Source Software (OSS) security, and are receptive toward adopting dedicated software composition analysis solutions to secure their open-source codes from cyber threats, and misuse for monetary gains of computer hackers.
Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=266195176
Major market vendors providing software composition analysis solutions and services are Synopsys (US), Sonatype (US), Veracode (US), WhiteHat Security (US), WhiteSource Software (US), Contrast Security (US), Flexera (US), nexB (US), Rogue Wave Software (US), and SourceClear (US).
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.