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Global Software Bill of Materials (SBOM) Market Growth (Status and Outlook) 2023-2029
Product Code:741066
Published Date: Dec 23,2023
Pages: 122
Region: Global
Category: Service & Software
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According to our LPI (LP Information) latest study, the global Software Bill of Materials (SBOM) market size was valued at US$ 418 million in 2022. With growing demand in downstream market, the Software Bill of Materials (SBOM) is forecast to a readjusted size of US$ 3011.8 million by 2029 with a CAGR of 32.6% during review period.
The research report highlights the growth potential of the global Software Bill of Materials (SBOM) market. Software Bill of Materials (SBOM) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Software Bill of Materials (SBOM). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Software Bill of Materials (SBOM) market.
The Software Bill of Materials (SBOM) is a structured list that provides information about the various components and dependencies that make up a software product. It is analogous to a materials list in manufacturing and construction industries. An SBOM includes details about the software's components, their versions, licenses, and relationships, allowing organizations to understand the composition of their software and any potential vulnerabilities or compliance issues. This concept has gained importance in software development and cybersecurity as a way to enhance transparency, manage software supply chain risks, and improve overall security by identifying and addressing potential vulnerabilities in software components.
Global key players of Software Bill of Materials (SBOM) include ServiceNow, Synopsys, JFrog, Sonatype Nexus, Cybeats (Scryb), Snyk, Mend, Aqua Security, etc. The top five players hold a share over 54%.
North America is the largest market, has a share about 65%, followed by Asia-Pacific and Europe, with share 20% and 15%, separately.
In terms of product type, SPDX is the largest segment, occupied for a share of 50%, and in terms of application, Financial Services has a share about 24 percent.
Key Features:
The report on Software Bill of Materials (SBOM) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Software Bill of Materials (SBOM) market. It may include historical data, market segmentation by Type (e.g., SPDX, CycloneDX), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Software Bill of Materials (SBOM) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Software Bill of Materials (SBOM) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Software Bill of Materials (SBOM) industry. This include advancements in Software Bill of Materials (SBOM) technology, Software Bill of Materials (SBOM) new entrants, Software Bill of Materials (SBOM) new investment, and other innovations that are shaping the future of Software Bill of Materials (SBOM).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Software Bill of Materials (SBOM) market. It includes factors influencing customer ' purchasing decisions, preferences for Software Bill of Materials (SBOM) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Software Bill of Materials (SBOM) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Software Bill of Materials (SBOM) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Software Bill of Materials (SBOM) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Software Bill of Materials (SBOM) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Software Bill of Materials (SBOM) market.
Market Segmentation:
Software Bill of Materials (SBOM) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
SPDX
CycloneDX
Others
Segmentation by application
Retail and E commerce
Financial Services
Transportation and Logistics
Government
Manufacturing
Healthcare
Aerospace Defense
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ServiceNow
Synopsys
JFrog
Sonatype Nexus
Cybeats (Scryb)
Snyk
Mend
Aqua Security
Contrast Security
Legit Security
FOSSA
CodeNotary
Arnica
Endor Labs
Anchore
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The Software Bill of Materials (SBOM) is a structured list that provides information about the various components and dependencies that make up a software product. It is analogous to a materials list in manufacturing and construction industries. An SBOM includes details about the software"s components, their versions, licenses, and relationships, allowing organizations to understand the composition of their software and any potential vulnerabilities or compliance issues. This concept has gained importance in software development and cybersecurity as a way to enhance transparency, manage software supply chain risks, and improve overall security by identifying and addressing potential vulnerabilities in software components.
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