Source Code Analysis Software Market Share & Trends [2031]

Report Description

The global source code analysis software market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the ­­rising automation in the industrial sector and the subsequent need for comprehensive and bug-free software systems.

Source code analysis software solutions are designed to detect bugs, identify vulnerabilities, and enforce code standards in a software's source code before it is distributed for commercial purposes. These tools are essential in ensuring the quality of the code, saving additional costs, and improving productivity.

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The demand for source code analysis software is rapidly growing as this software helps developers to save cost and time in fixing issues in the source code before the release of an application or software. In the software development cycle, it is important to detect defects in the source code to avoid system failures. The developers prevent structural defects in the application or software early on by reducing the risk associated with large and complex codebases.

Source code analysis tools are being integrated with artificial intelligence (AI) capabilities which is expected to open up new opportunities for the market. AI-enabled software helps analysts and developers to improve the functionality of the code in diverse applications and situations. 

• For instance, A software technology company, Embold Technologies GmbH based in Germany has developed a comprehensive, AI-based software analytics platform called Embold to automate, analyze, and enhance software quality. Embold is deployed via On-Premise, Hybrid, and SaaS. Embold analyses source code across four parameters including design issues, code issues, surface issues, and metrics and duplication in the code flow.

The market report finds that the COVID-19 pandemic has positive impact on the market due to the adoption of remote work culture by the organizations and digital transition of both Information Technology and companies in several sectors. The service sector largely relied upon digital technologies during the pandemic and the trend has continued since then, this, in turn, fueled the need for source code analysis tools.

Source Code Analysis Software Market Dynamics

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Major Drivers

Rising demand for safe and feature-rich software applications is expected to drive the market. The digital transformation of service platforms such as digital banking, payment platforms, defense, and public administration demands safe and feature-rich software systems. The quality and reliability of the code is improved with the help of source code analysis.

Growing demand for cost-effective methods of source code analysis software solutions is anticipated to drive the market. Source code analysis tools provide code testing techniques that detect code errors in its development cycle. The developers detect the code issues before the release of the software ultimately saving the money and time.

Existing Restraints

The high cost of implementation of source code analysis software solutions is likely to hinder the market. The cost of hiring skilled professionals to develop and implement source code analysis systems requires additional cost investment from companies. Further, the hardware is used as an infrastructure in the existing business set up to support the source code analysis software systems. The cost of integrating the supporting hardware is significant compared to the conventional hardware.

Emerging Opportunities

The growing popularity of open-source systems is likely to create significant opportunities for the market. Open-source systems enable users and developers to develop software systems as per the requirements and convenience. Open-source code analysis tools help developers to modify the code to enhance the functionality and utility of the software applications.

Scope of the Source Code Analysis Software Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Source Code Analysis Software Market Segment Insights

Deployment Model Segment Analysis

Based on the deployment model, the source code analysis software market is trifurcated into cloud-based, web-based, and on-premise. The cloud-based segment is expected to expand at a robust growth rate during the projection period owing to enhanced feasibility and flexibility offered by the cloud platforms. Cloud-based analysis software solutions can be accessed from any device. The developers can review the code features and improve code quality by working in collaboration on diverse platforms using cloud-based source code analysis software.
 

End-user Segment Analysis

On the basis of end-user, the global market is divided into SMEs and large enterprises. The large enterprises segment is projected to register a considerable CAGR during the forecast period due to rising demand for safe and feature-rich software applications in business ecosystems.

Large enterprises demand bug-free and versatile software solutions to maximize business outcomes.  Source code analysis software systems help developers in developing comprehensive solutions by eliminating the flaws in the code structure efficiently.

The SMEs (Small and medium-sized enterprises) segment is anticipated to register substantial growth during the projected period due to the rising adoption of digital technology by small and medium businesses. The cost feasibility and operational flexibility provided by the cloud computing platforms to smoothly run the operations are driving the segment growth. An increasing number of SMEs are relying on source code analysis software solutions for enhanced reliability and productivity.

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Regional Outlook

In terms of region, the global source code analysis software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to the strategic presence of technology leaders in the region and the high acceptability rate of advanced technologies in smart manufacturing and various other sectors. 

North American companies are improving automation across the majority of the manufacturing and service operations to boost efficiency and productivity. Software systems are an integral part of the automation systems. Source code analysis tools help developers to deliver scalable and future-proof software solutions required in automation systems.

Asia Pacific is anticipated to register substantial growth in the projected period due to rising industrialization and supportive government policies for creating a conducive atmosphere for the growth of the industrial sector. Emerging economies such as India, China, and Japan are embracing the latest technologies to offer quality products to consumers. The source analysis software helps manufacturers and Information Technology players to deliver comprehensive software applications.

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