ICT RESEARCH REPORTS Software-Composition-Analysis-Market

Software Composition Analysis Market to Exhibit
Skyrocketing Expansion During 2018-2026
Software Composition Analysis Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
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