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(I-SoftwareNews.Com, September 11, 2018 ) Software composition analysis solutions & services are responsible for checking open-source contents at every stage of the software development life cycle (SDLC). These solutions can detect vulnerabilities and have ability for risk management, alerting and reporting, license management, policy management, and remediation. The global Software Composition Analysis Market generated revenue of US$ 194.7 million in 2017. The global Software Composition Analysis Market is expected to generate a revenue of US$ 582.9 million with a CAGR of 15.7% by 2025.
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Growing applications in BFSI sector is expected to offer lucrative growth opportunities for the software composition analysis solutions and services during the forecast period.
The banking and finance sector could benefit by adopting IT solutions for improvement of banking services. For instance, according to the Coherent Market Insights’ analysis, in 2014, the IT spending on BFSI sector was US$ 487.2 billion, which increased to US$ 498.42 billion in 2015.
Increasing adoption of online transactions and rising use of services such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS), and mobile transactions is propelling demand for security solutions.
The Banking, Financial Services, and Insurance (BFSI) segment held the dominant position in 2017.
On the basis of industry vertical, the global Software Composition Analysis Market size is segmented into banking, financial services, & insurance (BFSI), government & defense, IT & telecom, healthcare, retail & E-commerce, automotive, manufacturing, and others. The BFSI segment held dominant position in the Software Composition Analysis Market in 2017 and is projected to retain its dominance throughout the forecast period. High adoption of open source software in banking, financial services and insurance sector is one of the major driving factors for growth of the segment.
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North America held the dominant position in Software Composition Analysis Market in 2017
On the basis of geography, the software composition analysis market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving growth of Software Composition Analysis market in this region.
Key Players- Global Software Composition Analysis Market.
The major players operating in the global AIops Platform industry include, WhiteSource Software, Sonatype, Inc., Synopsys, Inc., WhiteHat Security, Veracode (CA Technologies), Flexera, NexB, Inc., SourceClear, and Rogue Wave Software..
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
Mr. Shah
2067016702
sales@coherentmarketinsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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