The Latin America, Middle East and Africa Software Composition Analysis Market would witness market growth of 21% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Software Composition Analysis Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $19,862.2 Thousands by 2031. The Argentina market is expected to witness a CAGR of 22.3% during (2024 - 2031). Additionally, The UAE market is expected to witness a CAGR of 20.6% during (2024 - 2031).
Adopting software composition analysis has been increasingly crucial as organizations navigate the complexities of modern software development, where open-source components and third-party libraries are integral to their solutions. The rise in adoption reflects a growing awareness of the need to comprehensively manage software dependencies, security vulnerabilities, and licensing issues.
Furthermore, modern software applications often involve complex architectures with numerous dependencies and integrations. Managing these intricate systems requires advanced tools to analyze and monitor software components continuously.
The UAE’s healthcare industry is increasingly adopting national health data standards to ensure uniformity and interoperability. SCA tools are vital in managing and securing software that adheres to these standards, ensuring data consistency and compliance across healthcare systems in the UAE. As per the report titled Investing in Healthcare in UAE, published by the UAE Ministry of Economy, by 2023, the healthcare sector in the Middle East and North Africa is projected to have grown from $144 billion in 2020 to $243 billion, with Dubai’s healthcare sector serving as a pivotal contributor to this expansion.
Free Valuable Insights: The Worldwide Software Composition Analysis Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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