Software Composition Analysis Market: Upcoming Trends, Challenges & Latest Development

Software composition analysis solutions & services are responsible for checking open-source contents at every stage of the software development life cycle (SDLC). These solutions can detect vulnerabilities and have ability for risk management, alerting and reporting, license management, policy management, and remediation. The global Software Composition Analysis Market generated revenue of US$ 194.7 million in 2017. The global Software Composition Analysis Market is expected to generate a revenue of US$ 582.9 million with a CAGR of 15.7% by 2025.

The Top Companies Operating in The Market Are: WhiteSource Software, Sonatype, Inc., Synopsys, Inc., WhiteHat Security, Veracode (CA Technologies), Flexera, NexB, Inc., SourceClear, and Rogue Wave Software.

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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.

What are all the companies currently described in the report?
The report contains the main players currently on this market.
** The list of companies mentioned may vary in the final report subject to change of name / merger, etc.

North America held the dominant position in Software Composition Analysis Market in 2017:
On the basis of geography, the software composition analysis market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving growth of Software Composition Analysis market in this region. Launch of novel products, strategic partnership, and acquisition by key players and increasing funds for the market are some of the factors expected to create a lucrative environment for growth of global software composition analysis market in North America.

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