Software Bill of Materials (SBOM) Market Research Report, Size, Industry Forecast Analysis | Valuates Reports
Software Bill of Materials (SBOM) Market SizeThe global Software Bill of Materials (SBOM) market is projected to grow from US$ 823.6 million in 2024 to US$ 4242.9 million by 2030, at a Compound Annual Growth Rate (CAGR) of 31.4% during the forecast period.
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Key Drivers
The SBOM market is growing in response to increasing cybersecurity threats and the need for better software transparency. SBOMs provide a detailed inventory of software components, helping organizations identify vulnerabilities and meet security standards. As the complexity of software ecosystems increases, the demand for SBOM solutions is driven by regulatory requirements and the growing use of open-source software. SBOMs are becoming essential for ensuring accountability and security in the software supply chain.
Market Share
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.
Emerging Trends
1. Regulatory Compliance: Governments are emphasizing the importance of SBOMs in mitigating cybersecurity risks. In the U.S., SBOMs have become a critical tool for ensuring software integrity.
2. Open-Source Management: With the widespread use of open-source software, SBOMs are being adopted to manage risks, ensure compliance, and maintain security.
3. Supply Chain Transparency: As supply chain attacks increase, businesses are adopting SBOMs to gain greater visibility into their software dependencies, particularly in finance, healthcare, and defense sectors.
By Type
• SPDX
• CycloneDX
By Application
• Retail and E commerce
• Financial Services
• Transportation and Logistics
• Government
• Manufacturing
• Healthcare
• Aerospace Defense
Key Companies
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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