Software Composition Analysis Market Latest Trends, Business Opportunity and Future Scope 2022 to 2026: Synopsys, Inc., Sonatype Inc., WhiteHat Security, Inc., Veracode Inc

The Software Composition Analysis Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Software Composition Analysis Market forecast 2026.               

The Software Composition Analysis Market is expected to grow at a CAGR of 21.7% over the forecast period 2021 - 2026. 

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The Software Composition Analysis market is highly competitive and consists of a number of major players. Companies like Synopsys, Inc., Sonatype Inc., WhiteHat Security, Inc., Veracode Inc., WhiteSource Software Inc., Flexera Inc., Contrast Security, Inc., NexB, Inc, Dahua Technology Co., Ltd, SourceClear Inc., 7.1.11 Rogue Wave Software Amongst Others.

Key Developments:

- July 2020 - Synopsys, Inc. announced that Graphcore used the Synopsys VCS simulation solution with Verdi debug to verify its recently announced game-changing Colossus GC200 Intelligence Processing Unit (IPU). Graphcore's second-generation IPU is the most complex microprocessor ever built, featuring 59.4Bn transistors and 1,472 independent processor cores.

Market Segmentation:

Segment by Type
Cloud Based
On-Premise
Segment by Application
BFSI
Government & Defense
IT & Telecom
Healthcare
Retail & E-Commerce
Automotive
Manufacturing
Others

Key Market Trends:

Solutions Segment is Expected to Hold the Largest Market Share
- Software Composition Analysis solutions bring an essential level of compliance monitoring to software development organizations, and they will soon be a must-have for any company concerned with legal risks and brand exposure. However, to unlock the technology's full potential, having DevOps and Security skills in the team is strongly recommended.
- The solution component segment is expected to register significant growth over the forecast period, owing to increasing demand for successfully implementing software composition analysis solutions across the enterprises.
- According to Snyk Ltd., in 2019, there was an 88% increase in application library vulnerabilities over two years, while more attacks are carried out through the exploitation of those vulnerabilities. Companies need a software composition analysis solution to identify these vulnerabilities before hackers do.
- SCA solutions are rapidly being adopted across all company sizes, in every vertical. According to a Kaspersky Lab survey, it was found that browsers accounted for 11.06% of exploit attacks as of 1st quarter 2020. The leading software composition analysis solutions augment security and risk management when using open source code.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Software Composition Analysis Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

-What are the drivers governing the growth of the market?

-What is the annual growth rate of the Software Composition Analysis market?

-What is the impact of Covid-19 on the market?

Finally, Software Composition Analysis Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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