The global Software Composition Analysis market was valued at US$ 194.7 million in 2017 and is projected to reach US$ 582.9 million by 2025, exhibiting a CAGR of 15.7% over the forecast period (2018-2025) according to a new market research report by Coherent Market Insights.
Global Software Composition Analysis Market Report, by Component (Solution, Services), by Deployment Model (Cloud Based and On-Premise), by Organization Size (Small & Mid-sized Enterprises and Large Organizations), by Vertical( Banking, Financial Services, and Insurance, Government & Defense, IT & Telecom, Healthcare, Retail & E-Commerce, Automotive, Manufacturing, and Others), and by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).
Growing adoption of open source prominent across various industries such as telecom, automotive, healthcare, and e-commerce is expected to positively impact on growth of global Software Composition Analysis market. Several advantages of open source software such as low development costs, time-to-market, and acceleration of innovation and developers productivity have increased the adoption of open source software by various organizations. Such increasing adoption of open source software has raised security concerns, as security is an important aspect and integral part of software development, either in open source or closed source software. Cross-Site Scripting attacks, SQL-Injection Attacks, and Denial-of-Service (DoS) Attacks are some of the most prevalent cyber-attacks. Therefore, need for security in open source software has boosted the adoption of software composition analysis software in recent years.
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