Global Software Composition Analysis (SCA) Tools Market was valued US$ xx Mn in 2019 and is expected to grow at CAGR of 23.3 % to reach US$ XX Mn by 2027.

Global Software Composition Analysis (SCA) Tools Market

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Global Software Composition Analysis (SCA) Tools Market – Dynamics

Rising preference of consumers towards online transactions and increasing adoption of multiple services including NEFT, ECS, RTGS and mobile payments are the key determinants which is driving the software composition analysis (SCA) tools market. Also, increasing demand for cloud-based solutions are expected to propel the software composition analysis tools market.

The budgetary constraint of the solution hinders the growth of the software composition analysis tools market. Besides, the demand to decrease the risk of application security is expected to be an opportunity for the software composition analysis tools market as it more efficiently secures and manages open source resources.
Global Software Composition Analysis (SCA) Tools Market Segment Analysis

Based on component, solution has led the software composition analysis (SCA) tools market in 2019 due to the increasing adoption for implementing software composition analysis solutions across the enterprises. The growing interest of solutions from various businesses is propelling the demand for software composition analysis (SCA) tools market.

Based on deployment, cloud-based has accounted the largest market share in 2019 due to the multiple features as it provides flexibility, mobility and scalable access to applications, and enhances collaboration to benefit enterprises. Also, offers high volume of storage which uses data mining, natural language processing, and machine learning to identify security vulnerabilities from commit messages and bug reports.

Based on industry vertical, retail has accounted the highest market share in 2019 owing to the rising payment applications and security in eCommerce. The SCA tool can help to prevent security problems concealed in those components by manufacturers or consumers of any applications using open source components available on the market. Accordingly to recent survey, around 64% of internet users around the world make e-commerce transactions. For instance, 80% of software developers used source code collaboration tools such as GitHub in 2019.
Global Software Composition Analysis (SCA) Tools Market Competitive Landscape

The companies are expanding their product portfolio by mergers or acquisitions, or by product innovations. For instance, in July 2020, Synopsys, Inc. reported that Graphcore used its newly announced game-changing Colossus GC200 Intelligence Processing Unit to validate the Synopsys VCS simulation solution with Verdi debug (IPU).
In 2019, Perforce Software acquired Rogue Wave Software which will offer a full suite of solutions which will improve developer productivity while fueling DevOps at scale.

In 2016, Flexera Software has acquired Palamida which helps organizations desiring to establish an end-to-end solution to approve, scan and track open source and other third party code.
Global Software Composition Analysis (SCA) Tools Market Regional Analysis

Geographically, the global software composition analysis (SCA) tools market is segmented into North America, South America, Europe, Asia Pacific and the Middle East & Africa. North America accounted for a prominent market share of xx% in 2019 due to the increased open source acceptance and use to improve efficiency and creativity along with the rise in breaches of data and security. The region holds the highest market share due to the presence of major players and technological advancement across the market.

The objective of the report is to present a comprehensive analysis of the Global Software Composition Analysis (SCA) Tools Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Software Composition Analysis (SCA) Tools Market dynamics, structure by analyzing the market segments and project of the Global Software Composition Analysis (SCA) Tools Market size. Clear representation of competitive analysis of key players By Component, Price, Financial position, Product portfolio, Growth strategies, and Regional Presence in the Global Software Composition Analysis (SCA) Tools Market make the report investor’s guide.

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Scope of Global Software Composition Analysis (SCA) Tools Market: Inquire before buying

Global Software Composition Analysis (SCA) Tools Market, By Component

• Solution
• Services
Global Software Composition Analysis (SCA) Tools Market, By Deployment

• Cloud-based
• On-Premises
Global Software Composition Analysis (SCA) Tools Market, By Organization Size

• Small and Medium Enterprises
• Large Enterprises
Global Software Composition Analysis (SCA) Tools Market, By Industry Vertical

• IT & Telecommunications
• Automotive
• Travel and Hospitality
• Manufacturing
• Retail
• Government
• Healthcare
• Others
Global Software Composition Analysis (SCA) Tools Market, By Region

• North America
• Europe
• Asia-Pacific
• ME & Africa
• Latin America
Global Software Composition Analysis (SCA) Tools Market Key Players

• WhiteHat Security, Inc
• Synopsys, Inc
• Flexera Services
• VERACODE
• CAST
• FOSSA, Inc
• Sonatype Inc
• WhiteSource Services
• Contrast Security
• Dahua Technology Co., Ltd
• New Context Services, Inc.
• nexB Inc
• Perforce Services, Inc
• Others

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