North America Software Composition Analysis Market Size, Share & Trends Analysis Report By Deployment (Cloud and On-Premise), By Component, By Enterprise Size, By End-use, By Country and Growth Forecast, 2024 - 2031

North America Software Composition Analysis Market Size, Share & Trends Analysis Report By Deployment (Cloud and On-Premise), By Component, By Enterprise Size, By End-use, By Country and Growth Forecast, 2024 - 2031

The North America Software Composition Analysis Market would witness market growth of 17.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Others Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23,710.7 Thousands by 2031. The Canada market is experiencing a CAGR of 19.7% during (2024 - 2031). Additionally, The Mexico market would exhibit CAGR of 19.3% during (2024 - 2031).

Software composition analysis (SCA) plays a pivotal role in modern software development by managing and securing the various components that make up software applications, especially those derived from open-source or third-party sources. SCA’s applications are broad and vital for ensuring software systems' security, compliance, and quality.

SCA tools scan software components, including open-source libraries and third-party dependencies, to identify known security vulnerabilities. These vulnerabilities are cataloged in databases maintained by organizations like the National Vulnerability Database (NVD) or other cybersecurity entities.

The rapid growth of e-commerce in Mexico has led to an increased reliance on online payment systems. SCA tools are essential for analyzing and securing payment gateways used by e-commerce platforms. These tools ensure that payment software components are free from vulnerabilities and comply with industry security standards, protecting against fraud and data breaches. The domestic e-commerce industry was valued at USD 26.2 billion in 2022, a 23% increase from 2021, per the International Trade Administration (ITA).

Based on Deployment, the market is segmented into Cloud and On-Premise. Based on Component, the market is segmented into Solution and Services (Professional Services and Managed Services). Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise. Based on End-use, the market is segmented into BFSI, Government & Defense, Healthcare, IT & Telecom, Automotive, Manufacturing, Retail & eCommerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Synopsys, Inc.
• Sonatype, Inc.
• White Source Ltd. (Mend)
• Veracode, Inc. (Thoma Bravo)
• Flexera Software LLC
• Contrast Security, Inc.
• nexB Inc.
• Snyk Limited
• Checkmarx Ltd.
• FOSSA, Inc.

North America Software Composition Analysis Market Report Segmentation

By Deployment

• Cloud
• On-Premise

By Component

• Solution
• Services
• Professional Services
• Managed Services

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprise

By End-use

• BFSI
• Government & Defense
• Healthcare
• IT & Telecom
• Automotive
• Manufacturing
• Retail & eCommerce
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America