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Software Composition Analysis Market, Organization Size, Deployment Type, Vertical And Region - Global Forecast to 2022

Software Composition Analysis Market: Global Forecast until 2022

  • February 2018
  • 144 pages
  • ID: 5309146
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Increasing level of threats in open-source codes is predicted to push the software composition analysis market

The software composition analysis market is forecasted to grow from $154.00M in 2017 to $398.40M by 2022, at a Compound Annual Increase rate of 20.90 percent during the forecast period. Main drivers of the software composition analysis market are dependence of commercial and IoT-based software products on open-source codes and stringent regulations. On the other hand, an growing adoption of DevOps is a main hindrance for firms while adopting software composition analysis solutions and services

The services segment is anticipated to increase at the highest CAGR (Compound annual growth rate) during the outlook period

The services segment is anticipated to rise at a better compound annual growth rate during the estimate period. The rising need to successfully implement software composition analysis solutions across companies is anticipated to spur the industry demand for specialized professionals. Accordingly, the services segment is anticipated to grow at a higher rate in the software composition analysis market

Banking, Financial Services, and Insurance vertical is anticipated to hold the most important industry size during the outlook period

BFSI firms are expanding their offerings to preserve a competitive edge, save costs, and improve the customer experience with value-added services. A BFSI enterprise's development team is responsible for producing thousands of application builds per day.

These enterprises are relying heavily on open source software technology to rise operational efficiency and avoid proprietary source code vendor lock-ins. Additionally, Banking, Financial services and Insurance (BFSI) is one of the highly regulated verticals which are anticipated to witness a large-scale adoption of software composition analysis solutions and services

North America continent is intended to hold the biggest sector size, because Asia Pacific (APAC) is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period

North America (NA) is the most important regional segment of the software composition analysis market, due to the presence of a important number of players offering software composition analysis solutions.

The area is forecast to hold the biggest industry size during the outlook period, as North American organizations are early adopters of software composition analysis solutions and services. Moreover, institutions have invested significantly in technologies pertaining to software composition study to benefit a challenging advantage and improve the business operations.

The Asia-Pacific regions is in the initial increase phase. Nevertheless, it is anticipated to be the quickest-increasing area in the overall software composition analysis market. The growing adoption of software composition analysis solutions and services in this area is influenced by a big number of Small and Medium-sized Enterprises focusing on the security of open-source codes.

The breakup of the profiles of the primary participants is presented below:

• By Organization: Tier 1 - 55.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 60.0 percent, D-Level - 25.0 percent, and Others - 15.0 percent

• By Area: North America continent - 35.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 20.0 percent, MEA - 10.0 percent, and Latin America area - 10.0 percent

Segment Research

The software composition analysis market has been split on the basis of components (solution and services), organization sizes, deployment types, verticals, and localities. An in-depth study of main actors in the sector has been done to furnish key aspects into their business overviews, product offerings, top strategies, recent product launches, alliances, strategic agreements and collaborations, business expansions, mergers and acquisitions, and opposing landscape combined with the software composition analysis market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the software composition analysis market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across different areas.

• this business report will facilitate partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• this business report will facilitate partners better comprehend their players and obtain additional insights to improve their rank in the software composition analysis market.

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