SOFTWARE COMPOSITION ANALYSIS MARKET ANALYSIS

Name: Software Composition Analysis MarketChallenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Software Composition Analysis Market, Software Composition Analysis Market Report, Software Composition Analysis Industry Report, Software Composition Analysis Market Size, Software Composition Analysis Market Share, Software Composition Analysis Market Analysis, Software Composition Analysis Market Growth, Software Composition Analysis Market Trends, Software Composition Analysis Market Overview, Software Composition Analysis Market Forecast

Software Composition Analysis Market Report, by Component (Solution, Services), by Deployment Model (Cloud Based and On-Premise), by Organization Size (Small & Mid-sized Enterprises and Large Organizations), by Vertical( Banking, Financial Services, and Insurance, Government & Defense, IT & Telecom, Healthcare, Retail & E-Commerce, Automotive, Manufacturing, and Others), and by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

Published In : Aug 2018
Code : CMI2078
Pages :209
Formats :
Excel and PDF
Industry : Information and Communication Technology

Market Challenges And Opportunities

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 Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS), and mobile transactions is propelling demand for security solutions. This is owing to facility of safe and secure tractions provided by the software composition analysis solutions and services, as online transactions are vulnerable to hacking.