Software Composition Analysis Market is expected to grow at a CAGR of 17.73% through 2030F
The
Global Software Composition Analysis Market is expected to be led by Software
Tools, driven by increasing demand for automated vulnerability detection and
open-source component management, during the forecast period 2026-2030F
According to TechSci Research report, “Software Composition Analysis
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Software Composition Analysis Market was
valued at USD 3.76 Billion in 2024 and is expected to reach USD 10.01 Billion
by 2030 with a CAGR of 17.73% through 2030.
Increasing cyber threats and security breaches are a
critical factor fueling the growth of the Global Software Composition Analysis
Market. Open-source components, while cost-effective and flexible, often
contain known vulnerabilities that can be exploited by attackers. Organizations
face mounting pressure to secure their software environments and protect
sensitive data from unauthorized access or malicious attacks. Software
Composition Analysis tools enable companies to identify these vulnerabilities early
in the software lifecycle, assess risk levels, and prioritize remediation
efforts. By integrating these tools into their security strategies,
organizations can prevent costly breaches, reduce downtime, and protect their
reputation. In 2024, approximately 78% of organizations reported identifying at
least one high-risk vulnerability in open-source components during internal
audits. This statistic underscores the prevalence of security gaps in
third-party software libraries and demonstrates why continuous monitoring and
timely remediation through Software Composition Analysis tools are essential
for organizational cybersecurity strategies.
In addition, regulatory scrutiny and the financial
impact of data breaches have heightened organizational awareness of security
risks. Cyberattacks can lead to loss of customer trust, legal penalties, and
operational disruption, making early detection and mitigation critical.
Software Composition Analysis provides automated scanning of codebases,
alerting developers to high-risk components and suggesting remediation steps.
As cyberattacks grow in sophistication, organizations increasingly recognize
that traditional security measures are insufficient, and proactive tools such
as Software Composition Analysis are essential. This growing focus on
cybersecurity is directly driving the expansion of the Global Software
Composition Analysis Market.
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In
2024, the BFSI segment emerged as the fastest-growing vertical in the Global
Software Composition Analysis Market. The increasing reliance of BFSI
organizations on digital platforms, mobile applications, and cloud-based
services has amplified the need for robust software security solutions.
Financial institutions are particularly vulnerable to cyber threats, making
comprehensive management of open-source components and third-party software
crucial to protect sensitive customer data, financial transactions, and regulatory
compliance.
The
rapid adoption of digital banking, online payment systems, and fintech
solutions has further accelerated demand for Software Composition Analysis
solutions in this vertical. Organizations are investing in advanced tools that
can integrate seamlessly with development and operational workflows, providing
real-time vulnerability detection and risk management. Additionally, strict
regulatory frameworks such as the Basel III norms, Payment Card Industry Data
Security Standard (PCI DSS), and local cybersecurity regulations are compelling
BFSI companies to implement comprehensive software security measures.
With
the rising number of cyberattacks targeting financial systems and the growing
complexity of software ecosystems, the BFSI vertical is expected to continue
driving significant demand for Software Composition Analysis solutions. This
trend positions BFSI as a critical growth driver in the overall market
landscape during the forecast period.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
Global Software Composition Analysis Market, driven by rapid digital
transformation, expanding IT infrastructure, and increased adoption of
cloud-based solutions. Countries such as China, India, Japan, and Australia are
witnessing accelerated software development activities, fueling the need for
robust Software Composition Analysis solutions to manage open-source components
and ensure security and compliance.
The
growing presence of technology startups, small and medium enterprises, and
multinational corporations in the region is further accelerating demand.
Additionally, increasing awareness of cybersecurity risks, coupled with
government initiatives to strengthen data protection and software security
standards, positions the Asia Pacific region as a critical hub for market
expansion. This growth trend is expected to continue throughout the forecast
period.
Key
market players in the Software Composition Analysis Market are: -
- Synopsys,
Inc.
- Sonatype,
Inc.
- Snyk
Limited
- Veracode,
Inc.
- Mend.io
- Flexera
Software LLC
- Contrast
Security, Inc.
- OpenText
Corporation
- Perforce
Software, Inc.
- Checkmarx
Ltd.
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“The
Global Software Composition Analysis Market is poised for significant growth in
the coming years, driven by rising adoption of open-source software, increasing
cybersecurity threats, and stricter regulatory compliance requirements across
industries. Organizations are prioritizing secure software supply chains,
integrating automated vulnerability detection and risk management tools into
their development pipelines. Cloud-native architectures, microservices, and
DevSecOps practices are further boosting demand for continuous Software
Composition Analysis solutions. Technological advancements in artificial
intelligence and machine learning will enhance the efficiency and accuracy of
vulnerability detection, enabling enterprises worldwide to maintain secure,
compliant, and high-quality software ecosystems.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Software Composition
Analysis Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Component (Software Tools, Services, Training), By
Application (Web Application, Mobile Application, Enterprise Application,
Embedded Application), By Vertical (BFSI, Healthcare, IT & Telecom,
Government, Retail, Manufacturing, Others), By Region, By Competition, 2020-2030F” has evaluated the future growth
potential of Software Composition Analysis Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Software Composition Analysis Market.
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