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Static Analysis Market Report 2024: Strategies And Recent Developments | Google LLC, Microsoft Corporation, Synopsys Inc., Fortinet Inc., Open Text Corporation, Micro Focus International plc
Static Analysis Market Characteristics
The Business Research Company offers in-depth market insights through Static Analysis Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The static analysis market size has grown rapidly in recent years. It will grow from $1.35 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increasing software complexity, stringent regulatory standards, shift left in software development, integration with development environments, open-source software proliferation.
The static analysis market size is expected to see rapid growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to adoption of devops practices, increased emphasis on software security, rapid growth in iot development, ai and machine learning integration, compliance with privacy regulations, shift to microservices architecture. Major trends in the forecast period include collaborative development and code reviews, shift from on-premises to cloud-based solution, compliance and standards adherence, growing cybersecurity concerns, focus on security vulnerability detection.
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Market Segmentation:
The main components in static analysis are software, services, consulting, support and maintainance, training and education. Software refers to a collection of programs, data, and instructions that tell a computer how to perform specific tasks or functions, it can be used by large enterprises, and small and medium-sized enterprises (smes) of information technology and telecom, banking, financial services and insurance (bfsi), manufacturing, retail, government and defense, and other end users.
Major Driver - Rising Cyber Threats Fueling Growth In The Static Analysis Market
The rising number of cyber threats is expected to propel the growth of the static analysis market going forward. A cyber threat refers to any potential or actual malicious activity or event in the digital realm that poses a risk to computer systems, networks, data, or digital infrastructure. Static analysis is an important technique for discovering and thwarting cyber threats as it finds vulnerabilities in the source code before the program is made public. It examines the source code and scans a program for security flaws before the code is generated, making it vulnerable to attack. For instance, in November 2022, according to the Australian Cyber Security Center, an Australia-based government agency, the number of cybercrime reports received in 2022 was 76,000, up from 13% the previous year. Therefore, the rising number of cyber threats is driving the growth of the static analysis market.
Competitive Landscape:
Major companies operating in the static analysis market report are Google LLC, Microsoft Corporation, Synopsys Inc., Fortinet Inc., Open Text Corporation, Micro Focus International plc, Verint Systems Inc., Rapid7, Bugcrowd, Qualys Inc., Checkmarx Ltd., Idera Inc., Jet Brains s.r.o, Trustwave Holdings, Perforce Software Inc., SonarSource S.A., Veracode, Contrast Security Inc., McAfee Corp., CAST Software Inc., RIPS Technologies GmbH, Parasoft Corporation, GrammaTech Technologies, Acunetix, Secure Code Warrior Limited, Embold Technologies GmbH, ImmuniWeb, VerSprite LLC, Code Dx Inc.
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Top Trend - Innovative Technologies Like CI Spark Transforming The Static Analysis Market
Major companies operating in the static analysis market are innovating new technological solutions such as CI Spark to increase their profitability in the market. CI Spark is a novel approach to software security testing that leverages large language models (LLMs) and self-learning AI to cut the time it takes to build tests by a factor of 15. For instance, in September 2023, Code Intelligence GmbH, a Germany-based software company unveiled a new LLM-powered software security testing solution called CI Spark for assessing software security. CI Spark employs LLMs to detect attack surfaces automatically, generate fuzz tests, and suggest test codes. A broad collection of prompts is used to direct the solution in identifying security-critical tasks and automatically creating high-quality tests for them. Code Intelligence GmbH's business growth may be aided by CI Spark's automation, efficiency, scalability, and creativity.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Static Analysis Market Characteristics
3. Static Analysis Market Trends And Strategies
4. Static Analysis Market - Macro Economic Scenario
5. Static Analysis Market Size And Growth
…..
27. Static Analysis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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