The Europe Software Composition Analysis Market would witness market growth of 17.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Software Composition Analysis Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $62,136.1 Thousands by 2031. The UK market is exhibiting a CAGR of 16.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 18.9% during (2024 - 2031).
SCA tools evaluate the security and compliance of third-party components used in software applications. This includes assessing components obtained from external vendors or open-source repositories and ensuring they meet security standards and licensing requirements. Organizations often work with multiple vendors and suppliers for software components.
Moreover, SCA tools help manage the security posture of these vendors, providing insights into their practices and any associated risks. Some SCA tools incorporate threat intelligence feeds to stay informed about emerging threats and vulnerabilities. This real-time information helps organizations avoid potential risks associated with third-party components.
The rise in automotive production in Italy leads to a greater deployment of Advanced Driver Assistance Systems (ADAS). SCA tools are crucial in Italy for managing and securing the complex software components involved in ADAS, ensuring they meet safety and regulatory standards specific to Italian automotive regulations. As per the International Trade Administration (ITA), the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles were produced in Italy.
Free Valuable Insights: The Global Software Composition Analysis Market will Hit USD 952.4 Million by 2031, at a CAGR of 18.3%
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Deployment
By Component
By Enterprise Size
By End-use
By Country
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![Software Composition Analysis Market Size, Share [2031]](https://www.kbvresearch.com/upload/cover/software-composition-analysis-market.jpg "Software Composition Analysis Market Size, Share [2031]")
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