The Global Software Composition Analysis Market size is expected to reach $952.4 million by 2031, rising at a market growth of 18.3% CAGR during the forecast period.
Modern vehicles have advanced software systems for navigation, infotainment, autonomous driving, and vehicle-to-everything (V2X) communication. Managing and securing these systems' various software components and open-source libraries is critical, and SCA tools provide the necessary oversight. The trend towards software-defined vehicles, where software controls various aspects of vehicle functionality, requires rigorous management of software components to ensure reliability and safety. SCA tools help maintain the integrity of these components.
Open-source components have become integral to modern software development due to their cost-effectiveness, flexibility, and community-driven innovation. Many organizations use open-source libraries, frameworks, and tools to accelerate development and reduce costs.
Additionally, SCA tools need to be capable of managing and securing components across these heterogeneous environments, ensuring comprehensive coverage and effective risk management. Therefore, the growing complexity of software environments is propelling the market's growth.
However, hiring or training staff to handle these responsibilities can add to the overall cost burden. Training staff to effectively use and manage SCA tools can be costly. Organizations must allocate resources for training programs to ensure that their teams are proficient in using the tools and understanding the insights they provide. In conclusion, high implementation and maintenance costs hamper the market's growth.
Deployment Outlook
On the basis of deployment, the market is segmented into cloud and on-premise. In 2023, the on-premise segment attained 42% revenue share in the market. On-premise deployments allow organizations to retain complete control over their data and infrastructure.
Component Outlook
Based on component, the market is divided into solution and services. In 2023, the solution segment garnered 68% revenue share in the software composition analysis market. Modern software applications incorporate various components, including open-source libraries and third-party modules.
Services Outlook
The services segment is further subdivided into professional services and managed services. The professional services segment attained 65% revenue share in the market in 2023. Implementing SCA solutions can be complex, especially in large or diverse IT environments.
Enterprises Size Outlook
Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises (SMEs). The small & medium enterprises (SMEs) segment witnessed 42% revenue share in the market in 2023. Due to cost-effectiveness and access to advanced functionalities, SMEs are increasingly incorporating open-source software and third-party libraries into their applications.
End-Use Outlook
By end-use, the market is divided into BFSI, IT & telecom, manufacturing, government & defense, retail & e-commerce, automotive, healthcare, and others. In 2023, the BFSI segment registered 24% revenue share in the market. Financial institutions handle highly sensitive data, including personal, financial, and transactional information.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 27% revenue share in the software composition analysis market. The Asia Pacific region has witnessed a surge in cyber threats and security breaches.
Recent Strategies Deployed in the Market
- 2024-Jun: Checkmarx Ltd. entered a partnership with DXC Technology, an American IT company, to offer the Checkmarx One platform globally. The partnership would deliver comprehensive protection across the SDLC, reduce risk, accelerate market delivery, and customize services for customers.
- 2024-Jun: Mend.io launched MendAI, an application security tool that identifies AI-generated code and expands software composition analysis to include AI model versioning. This helps manage licensing and compliance issues as AI-generated code becomes a cybersecurity target, emphasizing the need for integrated MLOps and MLSecOps workflows to address emerging threats.
- 2024-May: Sonatype, Inc. signed an integration partnership with ServiceNow, an American software company. This integration enhances collaboration, speeds up remediation, and offers a unified vulnerability management experience, helping organizations efficiently address and mitigate security risks in open-source software.
- 2024-Apr: Synopsys, Inc. released Black Duck Supply Chain Edition, a software composition analysis tool designed to mitigate software supply chain risks. It features open-source detection, automated SBOM analysis, malware detection, and license compliance management, enabling development and security teams to identify and resolve vulnerabilities in open source, third-party, and AI-generated code.
- 2024-Mar: Synopsys, Inc. teamed up with NTT DATA, an IT company, to enhance application security through advisory and managed services. The collaboration would improve vulnerability detection, compliance, and risk management in software supply chains, supporting clients against cybersecurity threats.
List of Key Companies Profiled
- Synopsys, Inc.
- Sonatype, Inc.
- White Source Ltd. (Mend)
- Veracode, Inc. (Thoma Bravo)
- Flexera Software LLC
- Contrast Security, Inc.
- nexB Inc.
- Snyk Limited
- Checkmarx Ltd.
- FOSSA, Inc.
Global Software Composition Analysis Market Report Segmentation
By Deployment
By Component
- Solution
- Services
- Professional Services
- Managed Services
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
By End-use
- BFSI
- Government & Defense
- Healthcare
- IT & Telecom
- Automotive
- Manufacturing
- Retail & eCommerce
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Software Composition Analysis Market, by Deployment
- 1.4.2 Global Software Composition Analysis Market, by Component
- 1.4.3 Global Software Composition Analysis Market, by Enterprise Size
- 1.4.4 Global Software Composition Analysis Market, by End-use
- 1.4.5 Global Software Composition Analysis Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Recent Strategies Deployed in Software Composition Analysis Market
Chapter 5. Global Software Composition Analysis Market by Deployment
- 5.1 Global Cloud Market by Region
- 5.2 Global On-Premise Market by Region
Chapter 6. Global Software Composition Analysis Market by Component
- 6.1 Global Solution Market by Region
- 6.2 Global Services Market by Region
- 6.3 Global Software Composition Analysis Market by Services Type
- 6.3.1 Global Professional Services Market by Region
- 6.3.2 Global Managed Services Market by Region
Chapter 7. Global Software Composition Analysis Market by Enterprise Size
- 7.1 Global Large Enterprise Market by Region
- 7.2 Global Small & Medium Enterprise Market by Region
Chapter 8. Global Software Composition Analysis Market by End-use
- 8.1 Global BFSI Market by Region
- 8.2 Global Government & Defense Market by Region
- 8.3 Global Healthcare Market by Region
- 8.4 Global IT & Telecom Market by Region
- 8.5 Global Automotive Market by Region
- 8.6 Global Manufacturing Market by Region
- 8.7 Global Retail & eCommerce Market by Region
- 8.8 Global Others Market by Region
Chapter 9. Global Software Composition Analysis Market by Region
- 9.1 North America Software Composition Analysis Market
- 9.1.1 North America Software Composition Analysis Market by Deployment
- 9.1.1.1 North America Cloud Market by Region
- 9.1.1.2 North America On-Premise Market by Region
- 9.1.2 North America Software Composition Analysis Market by Component
- 9.1.2.1 North America Solution Market by Country
- 9.1.2.2 North America Services Market by Country
- 9.1.2.3 North America Software Composition Analysis Market by Services Type
- 9.1.2.3.1 North America Professional Services Market by Country
- 9.1.2.3.2 North America Managed Services Market by Country
- 9.1.3 North America Software Composition Analysis Market by Enterprise Size
- 9.1.3.1 North America Large Enterprise Market by Country
- 9.1.3.2 North America Small & Medium Enterprise Market by Country
- 9.1.4 North America Software Composition Analysis Market by End-use
- 9.1.4.1 North America BFSI Market by Country
- 9.1.4.2 North America Government & Defense Market by Country
- 9.1.4.3 North America Healthcare Market by Country
- 9.1.4.4 North America IT & Telecom Market by Country
- 9.1.4.5 North America Automotive Market by Country
- 9.1.4.6 North America Manufacturing Market by Country
- 9.1.4.7 North America Retail & eCommerce Market by Country
- 9.1.4.8 North America Others Market by Country
- 9.1.5 North America Software Composition Analysis Market by Country
- 9.1.5.1 US Software Composition Analysis Market
- 9.1.5.1.1 US Software Composition Analysis Market by Deployment
- 9.1.5.1.2 US Software Composition Analysis Market by Component
- 9.1.5.1.3 US Software Composition Analysis Market by Enterprise Size
- 9.1.5.1.4 US Software Composition Analysis Market by End-use
- 9.1.5.2 Canada Software Composition Analysis Market
- 9.1.5.2.1 Canada Software Composition Analysis Market by Deployment
- 9.1.5.2.2 Canada Software Composition Analysis Market by Component
- 9.1.5.2.3 Canada Software Composition Analysis Market by Enterprise Size
- 9.1.5.2.4 Canada Software Composition Analysis Market by End-use
- 9.1.5.3 Mexico Software Composition Analysis Market
- 9.1.5.3.1 Mexico Software Composition Analysis Market by Deployment
- 9.1.5.3.2 Mexico Software Composition Analysis Market by Component
- 9.1.5.3.3 Mexico Software Composition Analysis Market by Enterprise Size
- 9.1.5.3.4 Mexico Software Composition Analysis Market by End-use
- 9.1.5.4 Rest of North America Software Composition Analysis Market
- 9.1.5.4.1 Rest of North America Software Composition Analysis Market by Deployment
- 9.1.5.4.2 Rest of North America Software Composition Analysis Market by Component
- 9.1.5.4.3 Rest of North America Software Composition Analysis Market by Enterprise Size
- 9.1.5.4.4 Rest of North America Software Composition Analysis Market by End-use
- 9.2 Europe Software Composition Analysis Market
- 9.2.1 Europe Software Composition Analysis Market by Deployment
- 9.2.1.1 Europe Cloud Market by Country
- 9.2.1.2 Europe On-Premise Market by Country
- 9.2.2 Europe Software Composition Analysis Market by Component
- 9.2.2.1 Europe Solution Market by Country
- 9.2.2.2 Europe Services Market by Country
- 9.2.2.3 Europe Software Composition Analysis Market by Services Type
- 9.2.2.3.1 Europe Professional Services Market by Country
- 9.2.2.3.2 Europe Managed Services Market by Country
- 9.2.3 Europe Software Composition Analysis Market by Enterprise Size
- 9.2.3.1 Europe Large Enterprise Market by Country
- 9.2.3.2 Europe Small & Medium Enterprise Market by Country
- 9.2.4 Europe Software Composition Analysis Market by End-use
- 9.2.4.1 Europe BFSI Market by Country
- 9.2.4.2 Europe Government & Defense Market by Country
- 9.2.4.3 Europe Healthcare Market by Country
- 9.2.4.4 Europe IT & Telecom Market by Country
- 9.2.4.5 Europe Automotive Market by Country
- 9.2.4.6 Europe Manufacturing Market by Country
- 9.2.4.7 Europe Retail & eCommerce Market by Country
- 9.2.4.8 Europe Others Market by Country
- 9.2.5 Europe Software Composition Analysis Market by Country
- 9.2.5.1 Germany Software Composition Analysis Market
- 9.2.5.1.1 Germany Software Composition Analysis Market by Deployment
- 9.2.5.1.2 Germany Software Composition Analysis Market by Component
- 9.2.5.1.3 Germany Software Composition Analysis Market by End-use
- 9.2.5.2 UK Software Composition Analysis Market
- 9.2.5.2.1 UK Software Composition Analysis Market by Deployment
- 9.2.5.2.2 UK Software Composition Analysis Market by Component
- 9.2.5.2.3 UK Software Composition Analysis Market by End-use
- 9.2.5.3 France Software Composition Analysis Market
- 9.2.5.3.1 France Software Composition Analysis Market by Deployment
- 9.2.5.3.2 France Software Composition Analysis Market by Component
- 9.2.5.3.3 France Software Composition Analysis Market by Enterprise Size
- 9.2.5.3.4 France Software Composition Analysis Market by End-use
- 9.2.5.4 Russia Software Composition Analysis Market
- 9.2.5.4.1 Russia Software Composition Analysis Market by Deployment
- 9.2.5.4.2 Russia Software Composition Analysis Market by Component
- 9.2.5.4.3 Russia Software Composition Analysis Market by Enterprise Size
- 9.2.5.4.4 Russia Software Composition Analysis Market by End-use
- 9.2.5.5 Spain Software Composition Analysis Market
- 9.2.5.5.1 Spain Software Composition Analysis Market by Deployment
- 9.2.5.5.2 Spain Software Composition Analysis Market by Component
- 9.2.5.5.3 Spain Software Composition Analysis Market by Enterprise Size
- 9.2.5.5.4 Spain Software Composition Analysis Market by End-use
- 9.2.5.6 Italy Software Composition Analysis Market
- 9.2.5.6.1 Italy Software Composition Analysis Market by Deployment
- 9.2.5.6.2 Italy Software Composition Analysis Market by Component
- 9.2.5.6.3 Italy Software Composition Analysis Market by Enterprise Size
- 9.2.5.6.4 Italy Software Composition Analysis Market by End-use
- 9.2.5.7 Rest of Europe Software Composition Analysis Market
- 9.2.5.7.1 Rest of Europe Software Composition Analysis Market by Deployment
- 9.2.5.7.2 Rest of Europe Software Composition Analysis Market by Component
- 9.2.5.7.3 Rest of Europe Software Composition Analysis Market by Enterprise Size
- 9.2.5.7.4 Rest of Europe Software Composition Analysis Market by End-use
- 9.3 Asia Pacific Software Composition Analysis Market
- 9.3.1 Asia Pacific Software Composition Analysis Market by Deployment
- 9.3.1.1 Asia Pacific Cloud Market by Country
- 9.3.1.2 Asia Pacific On-Premise Market by Country
- 9.3.2 Asia Pacific Software Composition Analysis Market by Component
- 9.3.2.1 Asia Pacific Solution Market by Country
- 9.3.2.2 Asia Pacific Services Market by Country
- 9.3.2.3 Asia Pacific Software Composition Analysis Market by Services Type
- 9.3.2.3.1 Asia Pacific Professional Services Market by Country
- 9.3.2.3.2 Asia Pacific Managed Services Market by Country
- 9.3.3 Asia Pacific Software Composition Analysis Market by Enterprise Size
- 9.3.3.1 Asia Pacific Large Enterprise Market by Country
- 9.3.3.2 Asia Pacific Small & Medium Enterprise Market by Country
- 9.3.4 Asia Pacific Software Composition Analysis Market by End-use
- 9.3.4.1 Asia Pacific BFSI Market by Country
- 9.3.4.2 Asia Pacific Government & Defense Market by Country
- 9.3.4.3 Asia Pacific Healthcare Market by Country
- 9.3.4.4 Asia Pacific IT & Telecom Market by Country
- 9.3.4.5 Asia Pacific Automotive Market by Country
- 9.3.4.6 Asia Pacific Manufacturing Market by Country
- 9.3.4.7 Asia Pacific Retail & eCommerce Market by Country
- 9.3.4.8 Asia Pacific Others Market by Country
- 9.3.5 Asia Pacific Software Composition Analysis Market by Country
- 9.3.5.1 China Software Composition Analysis Market
- 9.3.5.1.1 China Software Composition Analysis Market by Deployment
- 9.3.5.1.2 China Software Composition Analysis Market by Component
- 9.3.5.1.3 China Software Composition Analysis Market by Enterprise Size
- 9.3.5.1.4 China Software Composition Analysis Market by End-use
- 9.3.5.2 Japan Software Composition Analysis Market
- 9.3.5.2.1 Japan Software Composition Analysis Market by Deployment
- 9.3.5.2.2 Japan Software Composition Analysis Market by Component
- 9.3.5.2.3 Japan Software Composition Analysis Market by Enterprise Size
- 9.3.5.2.4 Japan Software Composition Analysis Market by End-use
- 9.3.5.3 India Software Composition Analysis Market
- 9.3.5.3.1 India Software Composition Analysis Market by Deployment
- 9.3.5.3.2 India Software Composition Analysis Market by Component
- 9.3.5.3.3 India Software Composition Analysis Market by Enterprise Size
- 9.3.5.3.4 India Software Composition Analysis Market by End-use
- 9.3.5.4 South Korea Software Composition Analysis Market
- 9.3.5.4.1 South Korea Software Composition Analysis Market by Deployment
- 9.3.5.4.2 South Korea Software Composition Analysis Market by Component
- 9.3.5.4.3 South Korea Software Composition Analysis Market by Enterprise Size
- 9.3.5.4.4 South Korea Software Composition Analysis Market by End-use
- 9.3.5.5 Singapore Software Composition Analysis Market
- 9.3.5.5.1 Singapore Software Composition Analysis Market by Deployment
- 9.3.5.5.2 Singapore Software Composition Analysis Market by Component
- 9.3.5.5.3 Singapore Software Composition Analysis Market by Enterprise Size
- 9.3.5.5.4 Singapore Software Composition Analysis Market by End-use
- 9.3.5.6 Malaysia Software Composition Analysis Market
- 9.3.5.6.1 Malaysia Software Composition Analysis Market by Deployment
- 9.3.5.6.2 Malaysia Software Composition Analysis Market by Component
- 9.3.5.6.3 Malaysia Software Composition Analysis Market by Enterprise Size
- 9.3.5.6.4 Malaysia Software Composition Analysis Market by End-use
- 9.3.5.7 Rest of Asia Pacific Software Composition Analysis Market
- 9.3.5.7.1 Rest of Asia Pacific Software Composition Analysis Market by Deployment
- 9.3.5.7.2 Rest of Asia Pacific Software Composition Analysis Market by Component
- 9.3.5.7.3 Rest of Asia Pacific Software Composition Analysis Market by Enterprise Size
- 9.3.5.7.4 Rest of Asia Pacific Software Composition Analysis Market by End-use
- 9.4 LAMEA Software Composition Analysis Market
- 9.4.1 LAMEA Software Composition Analysis Market by Deployment
- 9.4.1.1 LAMEA Cloud Market by Country
- 9.4.1.2 LAMEA On-Premise Market by Country
- 9.4.2 LAMEA Software Composition Analysis Market by Component
- 9.4.2.1 LAMEA Solution Market by Country
- 9.4.2.2 LAMEA Services Market by Country
- 9.4.2.3 LAMEA Software Composition Analysis Market by Services Type
- 9.4.2.3.1 LAMEA Professional Services Market by Country
- 9.4.2.3.2 LAMEA Managed Services Market by Country
- 9.4.3 LAMEA Software Composition Analysis Market by Enterprise Size
- 9.4.3.1 LAMEA Large Enterprise Market by Country
- 9.4.3.2 LAMEA Small & Medium Enterprise Market by Country
- 9.4.4 LAMEA Software Composition Analysis Market by End-use
- 9.4.4.1 LAMEA BFSI Market by Country
- 9.4.4.2 LAMEA Government & Defense Market by Country
- 9.4.4.3 LAMEA Healthcare Market by Country
- 9.4.4.4 LAMEA IT & Telecom Market by Country
- 9.4.4.5 LAMEA Automotive Market by Country
- 9.4.4.6 LAMEA Manufacturing Market by Country
- 9.4.4.7 LAMEA Retail & eCommerce Market by Country
- 9.4.4.8 LAMEA Others Market by Country
- 9.4.5 LAMEA Software Composition Analysis Market by Country
- 9.4.5.1 Brazil Software Composition Analysis Market
- 9.4.5.1.1 Brazil Software Composition Analysis Market by Deployment
- 9.4.5.1.2 Brazil Software Composition Analysis Market by Component
- 9.4.5.1.3 Brazil Software Composition Analysis Market by Enterprise Size
- 9.4.5.1.4 Brazil Software Composition Analysis Market by End-use
- 9.4.5.2 Argentina Software Composition Analysis Market
- 9.4.5.2.1 Argentina Software Composition Analysis Market by Deployment
- 9.4.5.2.2 Argentina Software Composition Analysis Market by Component
- 9.4.5.2.3 Argentina Software Composition Analysis Market by Enterprise Size
- 9.4.5.2.4 Argentina Software Composition Analysis Market by End-use
- 9.4.5.3 UAE Software Composition Analysis Market
- 9.4.5.3.1 UAE Software Composition Analysis Market by Deployment
- 9.4.5.3.2 UAE Software Composition Analysis Market by Component
- 9.4.5.3.3 UAE Software Composition Analysis Market by Enterprise Size
- 9.4.5.3.4 UAE Software Composition Analysis Market by End-use
- 9.4.5.4 Saudi Arabia Software Composition Analysis Market
- 9.4.5.4.1 Saudi Arabia Software Composition Analysis Market by Deployment
- 9.4.5.4.2 Saudi Arabia Software Composition Analysis Market by Component
- 9.4.5.4.3 Saudi Arabia Software Composition Analysis Market by Enterprise Size
- 9.4.5.4.4 Saudi Arabia Software Composition Analysis Market by End-use
- 9.4.5.5 South Africa Software Composition Analysis Market
- 9.4.5.5.1 South Africa Software Composition Analysis Market by Deployment
- 9.4.5.5.2 South Africa Software Composition Analysis Market by Component
- 9.4.5.5.3 South Africa Software Composition Analysis Market by Enterprise Size
- 9.4.5.5.4 South Africa Software Composition Analysis Market by End-use
- 9.4.5.6 Nigeria Software Composition Analysis Market
- 9.4.5.6.1 Nigeria Software Composition Analysis Market by Deployment
- 9.4.5.6.2 Nigeria Software Composition Analysis Market by Component
- 9.4.5.6.3 Nigeria Software Composition Analysis Market by Enterprise Size
- 9.4.5.6.4 Nigeria Software Composition Analysis Market by End-use
- 9.4.5.7 Rest of LAMEA Software Composition Analysis Market
- 9.4.5.7.1 Rest of LAMEA Software Composition Analysis Market by Deployment
- 9.4.5.7.2 Rest of LAMEA Software Composition Analysis Market by Component
- 9.4.5.7.3 Rest of LAMEA Software Composition Analysis Market by Enterprise Size
- 9.4.5.7.4 Rest of LAMEA Software Composition Analysis Market by End-use
Chapter 10. Company Profiles
- 10.1 Sonatype, Inc. (Vista Equity Partners)
- 10.1.1 Company Overview
- 10.1.2 Recent strategies and developments:
- 10.1.2.1 Partnerships, Collaborations, and Agreements:
- 10.1.2.2 Product Launches and Product Expansions:
- 10.1.2.3 Acquisition and Mergers:
- 10.2 White Source Ltd. (Mend)
- 10.2.1 Company Overview
- 10.2.2 Recent strategies and developments:
- 10.2.2.1 Product Launches and Product Expansions:
- 10.3 Veracode, Inc. (Thoma Bravo)
- 10.3.1 Company Overview
- 10.3.2 Recent strategies and developments:
- 10.3.2.1 Partnerships, Collaborations, and Agreements:
- 10.3.2.2 Product Launches and Product Expansions:
- 10.3.2.3 Acquisition and Mergers:
- 10.4 Contrast Security, Inc.
- 10.5 nexB Inc.
- 10.6 FOSSA, Inc.
- 10.7 Synopsys, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.5.2 Product Launches and Product Expansions:
- 10.8 Flexera Software LLC
- 10.8.1 Company Overview
- 10.8.2 SWOT Analysis
- 10.9 Snyk Limited
- 10.9.1 Company Overview
- 10.9.2 Recent strategies and developments:
- 10.9.2.1 Partnerships, Collaborations, and Agreements:
- 10.9.2.2 Acquisition and Mergers:
- 10.9.3 SWOT Analysis
- 10.10. Checkmarx Ltd.
Chapter 11. Winning Imperatives for Software Composition Analysis Market