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Global Software Composition Analysis Market 2018-2022 - High Adoption in the Fintech Sector

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News provided by

Research and Markets

Apr 10, 2018, 05:00 ET

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DUBLIN, April 10, 2018 /PRNewswire/ --

The "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" report has been added to ResearchAndMarkets.com's offering.

The software composition analysis market is expected to grow from USD 154 million in 2017 to USD 398.4 million by 2022, at a 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 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.

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 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.

Key Topics Covered

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
12.3 Sonatype
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments
12.3.4 SWOT Analysis
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
12.5 Whitehat Security
12.5.1 Business Overview
12.5.2 Products and Services Offered
12.5.3 Recent Developments
12.5.4 SWOT Analysis
12.6 Whitesource Software
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments
12.6.4 SWOT Analysis
12.7 Contrast Security
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments
12.8 Flexera
12.8.1 Business Overview
12.8.2 Products and Services Offered
12.8.3 Recent Developments
12.9 nexB
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.10 Rogue Wave Software
12.10.1 Business Overview
12.10.2 Services Offered
12.10.3 Recent Developments
12.11 Sourceclear
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 Recent Developments

For more information about this report visit https://www.researchandmarkets.com/research/bwbxvw/global_software?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets

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