According to a new report, published by KBV research, The Global Software Composition Analysis Market size is expected to reach $952.4 billion by 2031, rising at a market growth of 18.3% CAGR during the forecast period.
The Cloud segment is leading the Global Software Composition Analysis Market by Deployment in 2023; thereby, achieving a market value of $563.1 million by 2031. Cloud platforms offer scalable resources that can easily accommodate organizations’ fluctuating needs. This scalability ensures that SCA tools can handle varying volumes of software components and dependencies without performance degradation. The cloud provides the flexibility to quickly adjust resources and configurations based on changing requirements.
The Services segment is anticipating a CAGR of 19.2% during (2024 - 2031). Many organizations require customized implementations of SCA tools to fit their specific software development processes and environments. Services such as consulting and integration help tailor solutions to effectively meet these unique needs. Implementing and configuring SCA tools often requires specialized knowledge and expertise.
The Large Enterprise segment dominated the Global Software Composition Analysis Market by Enterprise Size in 2023; thereby, achieving a market value of $533.7 million by 2031. Large enterprises typically have various software applications, including custom-built software, commercial off-the-shelf solutions, and open-source components. Managing and securing these diverse software stacks necessitates robust SCA tools. Large organizations often use numerous open-source libraries and third-party components, creating a complex web of dependencies that require detailed analysis to ensure security and compliance.
The IT & Telecom segment is registering a CAGR of 18.7% during (2024 - 2031). IT and telecom companies use various software components, including proprietary software, open-source libraries, and third-party applications. Managing the security and compliance of these diverse components is crucial, and SCA tools provide comprehensive oversight. The IT and telecom sectors often integrate various systems and technologies, such as network management software, communication platforms, and customer relationship management systems. SCA tools help ensure that these integrations do not introduce vulnerabilities.
Full Report: https://www.kbvresearch.com/software-composition-analysis-market/
The North America region dominated the Global Software Composition Analysis Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $342.4 million by 2031. The Europe market is expected to witness a CAGR of 17.9% during (2024 - 2031). Additionally, The Asia Pacific market is expected to witness a CAGR of 19.2% during (2024 - 2031).
By Deployment
By Component
By Enterprise Size
By End-use
Unique Offerings 
