Software Composition Analysis Market by Component (Solution and Services (Professional and Managed)), Organization Size, Deployment Type (On-Premises and Cloud), Vertical (BFSI, Healthcare, Telecom & IT), and Region - Global Forecast to 2022

  • ID: 4460015
  • Report
  • Region: Global
  • 144 Pages
  • Markets and Markets
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Software Composition Analysis Market worth 398.4 Million USD by 2022

FEATURED COMPANIES

  • Contrast Security
  • Flexera
  • nexB
  • Rogue Wave Software
  • Sonatype
  • Sourceclear
  • MORE

Increasing level of threats in open-source codes is expected to drive the software composition analysis market

The software composition analysis market is expected to grow from USD 154.0 million in 2017 to USD 398.4 million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. Major drivers of the software composition analysis market are dependence of commercial and IoT-based software products on open-source codes and stringent regulations. However, an increasing adoption of DevOps is a major hindrance for enterprises while adopting software composition analysis solutions and services.

The services segment is expected to grow at the highest CAGR during the forecast period

The services segment is expected to grow at a higher CAGR during the forecast period. The increasing need to successfully implement software composition analysis solutions across enterprises is expected to spur the demand for specialized professionals. Therefore, the services segment is expected to grow at a higher rate in the software composition analysis market.

Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market size during the forecast period

BFSI companies are expanding their offerings to maintain 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 increase operational efficiency and avoid proprietary source code vendor lock-ins. Furthermore, BFSI is one of the highly regulated verticals which are expected to witness a large-scale adoption of software composition analysis solutions and services.

North America is expected to hold the largest market size, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period

North America is the largest regional segment of the software composition analysis market, due to the presence of a large number of players offering software composition analysis solutions. The region is expected to hold the largest market size during the forecast period, as North American organizations are early adopters of software composition analysis solutions and services. Furthermore, organizations have invested significantly in technologies pertaining to software composition analysis to gain a competitive advantage and improve the business operations. The APAC region is in the initial growth phase. However, it is expected to be the fastest-growing region in the global software composition analysis market. The increasing adoption of software composition analysis solutions and services in this region is driven by a large number of Small and Medium-sized Enterprises (SMEs) focusing on the security of open-source codes.

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

  • By Company: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
  • By Designation: C-Level - 60%, D-Level - 25%, and Others - 15%
  • By Region: North America - 35%, Europe - 25%, APAC - 20%, MEA - 10%, and Latin America - 10%

The following key software composition analysis providers are profiled in the report:

  • Synopsys (US)
  • Sonatype (US)
  • Veracode (US)
  • WhiteHat Security (US)
  • WhiteSource Software (US)
  • Contrast Security (US)
  • Flexera (US)
  • nexB (US)
  • Rogue Wave Software (US)
  • SourceClear (US)

Research Coverage:

The software composition analysis market has been segmented on the basis of components (solution and services), organization sizes, deployment types, verticals, and regions. A detailed analysis of major players in the market has been done to provide key insights into their business overviews, product offerings, key strategies, new product launches, partnerships, agreements and collaborations, business expansions, mergers and acquisitions, and competitive landscape associated with the software composition analysis market.

The report will help the market leaders/new entrants in this market in the following ways:

  • This report segments the software composition analysis market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
  • This report will help stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders better understand their competitors and gain more insights to enhance their position in the software composition analysis market.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Contrast Security
  • Flexera
  • nexB
  • Rogue Wave Software
  • Sonatype
  • Sourceclear
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Market Share of Top 3 Verticals and Regions
4.3 Software Composition Analysis Market, By Service
4.4 Market By Professional Service
4.5 Market By Deployment Type
4.6 Market By Organization Size
4.7 Market By Vertical
4.8 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Levels of Threats and Risks in Open-Source Codes
5.2.1.2 Commercial and Iot-Based Software Products’ Dependence on Open-Source Codes
5.2.1.3 Stringent Regulations
5.2.2 Restraints
5.2.2.1 Streamlined Operations and Agility Due to Devops Inhibit the Growth of the Software Composition Analysis Market
5.2.2.2 Budget Constraints Among SMES
5.2.3 Opportunities
5.2.3.1 High Adoption of Software Composition Analysis Solutions in the Fintech Sector
5.2.3.2 Increase in Demand for Cloud-Based and Hybrid Software Composition Analysis Solutions Among SMES
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Software Composition Analysis Solutions Among Enterprises
5.2.4.2 Lack of Technical Expertise Among the Enterprise Workforce, and Difficulties in Collaboration Between the Development and Security Teams
5.3 Vulnerability Lists and Databases
5.3.1 Common Weakness Enumeration (CWE)
5.3.2 Common Vulnerabilities and Exposures (CVE)
5.3.3 National Vulnerability Database (NVD)
5.4 Best Practices for Software Composition Analysis
5.5 Regulatory Landscape
5.5.1 Payment Card Industry Data Security Standard (PCI DSS)
5.5.2 Health Insurance Portability and Accountability Act (HIPAA)
5.5.3 Federal Information Security Management Act (FISMA)
5.5.4 Sarbanes-Oxley Act (SOX)
5.5.5 Gramm-Leach-Bliley Act (GLBA)
5.5.6 Federal Information Processing Standards (FIPS)
5.6 Innovation Spotlight
5.7 Use Cases
5.7.1 Dependence of A Leading Fintech Company on Software Composition Analysis Solutions for Open-Source Vulnerability Management
5.7.2 Adoption of Software Composition Analysis Solutions By A Big Data Company in the Us
5.7.3 Dependence of A Major IT Services Company on Software Composition Analysis Solution
5.7.4 Large-Scale Adoption of Software Composition Analysis Solutions By the BFSI Sector in North America
5.7.5 Need for the Best-In-Class Software Composition Analysis Solutions for an Automotive Supplier in Italy

6 Software Composition Analysis Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Capabilities
6.2.1.1 Vulnerability Detection
6.2.1.2 Risk Management, Alerting, and Reporting
6.2.1.3 License Management
6.2.1.4 Policy Management
6.2.1.5 Remediation
6.3 Services
6.3.1 Professional Services
6.3.1.1 Planning and Consulting
6.3.1.2 Training and Education
6.3.1.3 Support and Maintenance
6.3.2 Managed Services

7 Software Composition Analysis Market, By Deployment Type
7.1 Introduction
7.2 On-Premises
7.3 Cloud

8 Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises

9 Market, By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 Government and Defense
9.4 Telecom and IT
9.5 Retail and Ecommerce
9.6 Healthcare
9.7 Manufacturing
9.8 Automotive
9.9 Others

10 Software Composition Analysis Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 France
10.3.4 Others
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Others
10.5 Middle East and Africa
10.5.1 Middle East
10.5.2 Africa
10.6 Latin America
10.6.1 Mexico
10.6.2 Brazil
10.6.3 Others

11 Competitive Landscape
11.1 Overview
11.2 Market Standing, By Key Player
11.3 Competitive Situations and Trends
11.3.1 New Product Launches/Product Enhancements
11.3.2 Business Expansions
11.3.3 Partnerships, Agreements, and Collaborations
11.3.4 Mergers and Acquisitions

12 Company Profiles
12.1 Introduction
12.2 Synopsys
12.2.1 Business Overview
12.2.2 Products and Services Offered
12.2.3 Recent Developments
12.2.4 SWOT Analysis
12.2.5 MnM View
12.3 Sonatype
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments
12.3.4 SWOT Analysis
12.3.5 MnM View
12.4 Veracode (CA Technologies)
12.4.1 Business Overview
12.4.2 Products and Services Offered
12.4.3 Recent Developments
12.4.4 SWOT Analysis
12.4.5 MnM View
12.5 Whitehat Security
12.5.1 Business Overview
12.5.2 Products and Services Offered
12.5.3 Recent Developments
12.5.4 SWOT Analysis
12.5.5 MnM View
12.6 Whitesource Software
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments
12.6.4 SWOT Analysis
12.6.5 MnM View
12.7 Contrast Security
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments
12.7.4 MnM View
12.8 Flexera
12.8.1 Business Overview
12.8.2 Products and Services Offered
12.8.3 Recent Developments
12.8.4 MnM View
12.9 nexB
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.9.4 MnM View
12.10 Rogue Wave Software
12.10.1 Business Overview
12.10.2 Services Offered
12.10.3 Recent Developments
12.10.4 MnM View
12.11 Sourceclear
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 Recent Developments
12.11.4 MnM View

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables:
Table 1 United States Dollar Exchange Rate, 2014-2016
Table 2 Most Common High-Risk Open-Source Components
Table 3 Innovation Spotlight: Latest Software Composition Analysis Solutions
Table 4 Software Composition Analysis Market Size, By Component, 2015-2022 (USD Million)
Table 5 Solution: Market Size, By Region, 2015-2022 (USD Million)
Table 6 Services: Market Size, By Region, 2015-2022 (USD Million)
Table 7 Services: Market Size, By Type, 2015-2022 (USD Million)
Table 8 Professional Services Market Size, By Region, 2015-2022 (USD Thousand)
Table 9 Professional Services Market Size, By Type, 2015-2022 (USD Million)
Table 10 Planning and Consulting Market Size, By Region, 2015-2022 (USD Thousand)
Table 11 Training and Education Market Size, By Region, 2015-2022 (USD Thousand)
Table 12 Support and Maintenance Market Size, By Region, 2015-2022 (USD Thousand)
Table 13 Managed Services Market Size, By Region, 2015-2022 (USD Thousand)
Table 14 Software Composition Analysis Market Size, By Deployment Type, 2015-2022 (USD Million)
Table 15 On-Premises: Market Size, By Region, 2015-2022 (USD Million)
Table 16 Cloud: Market Size, By Region, 2015-2022 (USD Million)
Table 17 Software Composition Analysis Market Size, By Organization Size, 2015-2022 (USD Million)
Table 18 Large Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 19 Small and Medium-Sized Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 20 Software Composition Analysis Market Size, By Vertical, 2015-2022 (USD Million)
Table 21 Banking, Financial Services, and Insurance: Market Size, By Region, 2015-2022 (USD Million)
Table 22 Government and Defense: Market Size, By Region, 2015-2022 (USD Million)
Table 23 Telecom and IT: Market Size, By Region, 2015-2022 (USD Million)
Table 24 Retail and Ecommerce: Market Size, By Region, 2015-2022 (USD Thousand)
Table 25 Healthcare: Market Size, By Region, 2015-2022 (USD Thousand)
Table 26 Manufacturing: Market Size, By Region, 2015-2022 (USD Thousand)
Table 27 Automotive: Market Size, By Region, 2015-2022 (USD Thousand)
Table 28 Others: Market Size, By Region, 2015-2022 (USD Thousand)
Table 29 Software Composition Analysis Market Size, By Region, 2015-2022 (USD Million)
Table 30 North America: Software Composition Analysis Market Size, By Component, 2015-2022 (USD Million)
Table 31 North America: Market Size, By Service, 2015-2022 (USD Million)
Table 32 North America: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 33 North America: Market Size, By Deployment Type, 2015-2022 (USD Million)
Table 34 North America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 35 North America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 36 North America: Market Size, By Country, 2015-2022 (USD Million)
Table 37 Europe: Software Composition Analysis Market Size, By Component, 2015-2022 (USD Million)
Table 38 Europe: Market Size, By Service, 2015-2022 (USD Million)
Table 39 Europe: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 40 Europe: Market Size, By Deployment Type, 2015-2022 (USD Million)
Table 41 Europe: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 42 Europe: Market Size, By Vertical, 2015-2022 (USD Million)
Table 43 Europe: Market Size, By Country, 2015-2022 (USD Million)
Table 44 Asia Pacific: Software Composition Analysis Market Size, By Component, 2015-2022 (USD Million)
Table 45 Asia Pacific: Market Size, By Service, 2015-2022 (USD Million)
Table 46 Asia Pacific: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 47 Asia Pacific: Market Size, By Deployment Type, 2015-2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Vertical, 2015-2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Country, 2015-2022 (USD Million)
Table 51 Middle East and Africa: Software Composition Analysis Market Size, By Component, 2015-2022 (USD Million)
Table 52 Middle East and Africa: Market Size, By Service, 2015-2022 (USD Million)
Table 53 Middle East and Africa: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 54 Middle East and Africa: Market Size, By Deployment Type, 2015-2022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Vertical, 2015-2022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Country, 2015-2022 (USD Million)
Table 58 Latin America: Software Composition Analysis Market Size, By Component, 2015-2022 (USD Million)
Table 59 Latin America: Market Size, By Service, 2015-2022 (USD Million)
Table 60 Latin America: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 61 Latin America: Market Size, By Deployment Type, 2015-2022 (USD Million)
Table 62 Latin America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 63 Latin America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 64 Latin America: Market Size, By Country, 2015-2022 (USD Million)
Table 65 Market Standing, 2017
Table 66 New Product Launches/Product Enhancements, 2017
Table 67 Business Expansions, 2015-2017
Table 68 Partnerships, Agreements, and Collaborations, 2016-2017
Table 69 Mergers and Acquisitions, 2015-2017

List of Figures:
Figure 1 Software Composition Analysis Market: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Assumptions
Figure 8 Software Composition Analysis Market Size, By Component (2017 vs 2022)
Figure 9 North America is Estimated to Have the Largest Market Share in 2017
Figure 10 Top 3 Revenue Segments of the Market
Figure 11 Increasing Level of Threats in Open-Source Codes is Expected to Drive the Software Composition Analysis Market Growth
Figure 12 Banking, Financial Services, and Insurance Vertical, and North America are Estimated to Have the Largest Market Shares in 2017
Figure 13 Professional Services Segment is Expected to Have the Larger Market Share Throughout the Forecast Period
Figure 14 Support and Maintenance Segment is Estimated to Have the Largest Market Share in 2017
Figure 15 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 16 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Asia Pacific is Expected to Emerge as the Best Market for Investments Over the Next 5 Years
Figure 18 Banking, Financial Services, and Insurance Vertical is Estimated to Have the Largest Market Size in 2017
Figure 19 Software Composition Analysis Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Common Vulnerability Scoring System Version 3: Scoring Distribution
Figure 21 Common Vulnerability Scoring System Version 2: Scoring Distribution
Figure 22 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Support and Maintenance Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 26 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 27 Retail and Ecommerce Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 29 North America: Market Snapshot
Figure 30 Asia Pacific: Market Snapshot
Figure 31 Key Developments By Leading Players in the Software Composition Analysis Market, 2015-2017
Figure 32 Synopsys: Company Snapshot
Figure 33 Synopsys: SWOT Analysis
Figure 34 Sonatype: Company Snapshot
Figure 35 Sonatype: SWOT Analysis
Figure 36 Veracode (CA Technologies): Company Snapshot
Figure 37 Veracode (CA Technologies): SWOT Analysis
Figure 38 Whitehat Security: Company Snapshot
Figure 39 Whitehat Security: SWOT Analysis
Figure 40 Whitesource Software: Company Snapshot
Figure 41 Whitesource Software: SWOT Analysis
Figure 42 Contrast Security: Company Snapshot
Figure 43 Flexera: Company Snapshot
Figure 44 nexB: Company Snapshot
Figure 45 Rogue Wave Software: Company Snapshot
Figure 46 Sourceclear: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Contrast Security
  • Flexera
  • nexB
  • Rogue Wave Software
  • Sonatype
  • Sourceclear
  • MORE

The software composition analysis market size is expected to grow from USD 154.0 Million in 2017 to USD 398.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The demand for software composition analysis solutions and services is expected to be driven by many factors, such as increasing threats to open-source codes, stringent government regulations, and dependence of commercial and IoT-based software products on open-source codes.

The software composition analysis market has been segmented on the basis of components, organization sizes, deployment types, verticals, and regions. Among the components, the services segment is expected to grow at a higher CAGR during the forecast period and the solutions segment is estimated to have the largest market size in 2017. The software composition analysis solution and services make sure that the open-source code, component, and software do not disrupt the functioning of projects and affect the user experience. The software composition analysis solution provides significant capabilities, such as vulnerability detection, risk management, alerting, and reporting, license management, policy management, and remediation.

The large enterprises segment is expected to hold a larger market size, whereas the Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at a high CAGR during the forecast period. Large enterprises have been operating in a highly saturated market, wherein, they are left behind with limited growth opportunities. The open-source code analysis solution, required by large enterprises, needs to help work in an agile approach rather than the waterfall approach. Vulnerability detection should be done with minimal false positives and should be able to track vulnerability in every step of SDLC. Thus, a robust software composition analysis solution enables the software development, quality, and security teams to work in unison.

The BFSI vertical is expected to dominate the market by verticals with the largest market size, whereas the retail and e-commerce vertical is expected to grow at the highest CAGR during the forecast period. The BFSI vertical’s dominance is attributed to the fact that these enterprises rely heavily on the open-source software technology to increase their operational efficiency and avoid proprietary source code vendor lock-ins. The retail and e-commerce vertical is focused on cost-cutting, improving the revenue margin, and adhering to various regulatory compliances. To achieve this, the retail and e-commerce vertical is increasingly adopting open-source components and hence, is rapidly deploying software composition analysis solutions for Open Source Software (OSS) security.

North America is estimated to hold the largest market share in 2017, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period in the software composition analysis market. Increasing threats on open-source codes, stringent regulations, and dependence of commercial and IoT based software products on open-source codes are expected to drive the demand for software composition analysis solutions and services, globally.

High adoption of software composition analysis solutions in the FinTech sector and an increasing demand for cloud-based software composition analysis solutions are expected to provide significant opportunities to the software composition analysis market to flourish. However, major issues faced by enterprises while adopting software composition analysis solutions and services are DevOps and budgetary constraints among SMEs.

Major vendors providing software composition analysis solutions and services are Synopsys (US), Sonatype (US), Veracode (US), WhiteHat Security (US), WhiteSource Software (US), Contrast Security (US), Flexera (US), nexB (US), Rogue Wave Software (US), and SourceClear (US). These players have adopted various strategies, such as new product launches; partnerships, agreements, and collaborations; mergers and acquisitions; and business expansions to expand their presence in the global software composition analysis market.

Note: Product cover images may vary from those shown
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  • Contrast Security
  • Flexera
  • nexB
  • Rogue Wave Software
  • Sonatype
  • Sourceclear
  • Synopsys
  • Veracode (CA Technologies)
  • Whitehat Security
  • Whitesource Software
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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