Software Composition Analysis Market

Synopsys (US) and WhiteSource Software (US) are the Major players in the Software Composition Analysis Market

The software composition analysis market is expected to grow from USD 154.0 Million in 2017 to USD 398.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The software composition analysis market is projected to grow mainly due to the increasing levels of threats on open-source codes.

Major players in the software composition analysis market include Synopsys (US), Sonatype (US), Veracode (US), WhiteHat Security (US), WhiteSource Software (US), Contrast Security (US), Flexera (US), nexB (US), Rogue Wave Software (US), and SourceClear (US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; mergers and acquisitions; business expansions; and new product launches, to strengthen their presence in the software composition analysis market and expand their profit margins.

Synopsys is an eminent player in the software composition analysis market. The company is currently focused on providing its customers with highly competent technology-enabled products and services, aimed at Open-Source Software (OSS) security, to substantially sustain in the competitive era. Synopsys’ long-term strategy is focused on inorganic growth, such as acquisitions and partnerships, to further capitalize its market share in every business segment it operates in. Acquisitions are an important part of its growth strategy in the software composition analysis market. In December 2017, Synopsys completed the acquisition of Black Duck Software, one of the leading companies in providing automated solutions for securing and managing open source software. With this acquisition, Synopsys strengthened its software composition analysis portfolio as well as expanded its customer base. Synopsys and Black Duck have also been adopting various organic strategies to enhance their product portfolio and sustain their position in the market. For instance, in November 2017, Black Duck launched a new product OpsSight that would provide automatic open source vulnerability detection for containers. Synopsys also invests a substantial portion of its annual revenue in R&D. As a part of its organic strategy, the company invested 33.4% of its annual revenue in R&D in 2017.

WhiteSource Software is one of the prominent players in the software composition analysis market. The company has a strong presence in this market and firmly believes in the organic growth strategies to deliver its customers with the strongest capabilities. It categorically invests in R&D to launch new products that cater to the diverse needs of its customers. For instance, in June 2016, WhiteSource Software announced the launch of Selection Tool, a browser plug-in enabling developers to view detailed information about specific libraries and check if components meet the company's open source policies. Moreover, it would help developers to quickly and easily check for security and quality of the components. Inorganically, the company is focusing on partnerships with various vendors to gain a foothold in untapped markets across the globe. In May 2016, WhiteSource Software partnered with Checkmarx, one of the leading vendors in the application security testing market. The partnership would provide Checkmarx customers with Open Source Analysis (OSA) solution. The new solution would enhance Checkmarx's capability to identify open source vulnerabilities and identify compliance and licensing issues. Furthermore, the company has a strong partner ecosystem that strongly supports WhiteSource Software to enhance its product capabilities and to deliver its products across the globe.

Related Reports:

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

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Report Code
TC 5954
Published ON
Feb, 2018
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