Categories: Market Research

Static Analysis Market Growth Trajectory Through 2024-2033

The Static Analysis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Static Analysis Global Market Report 2024, The static analysis market size has grown rapidly in recent years. It will grow from $1.35 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increasing software complexity, stringent regulatory standards, shift left in software development, integration with development environments, open-source software proliferation.

The static analysis market size is expected to see rapid growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to adoption of devops practices, increased emphasis on software security, rapid growth in iot development, ai and machine learning integration, compliance with privacy regulations, shift to microservices architecture. Major trends in the forecast period include collaborative development and code reviews, shift from on-premises to cloud-based solution, compliance and standards adherence, growing cybersecurity concerns, focus on security vulnerability detection.

The rising number of cyber threats is expected to propel the growth of the static analysis market going forward. A cyber threat refers to any potential or actual malicious activity or event in the digital realm that poses a risk to computer systems, networks, data, or digital infrastructure. Static analysis is an important technique for discovering and thwarting cyber threats as it finds vulnerabilities in the source code before the program is made public. It examines the source code and scans a program for security flaws before the code is generated, making it vulnerable to attack. For instance, in November 2022, according to the Australian Cyber Security Center, an Australia-based government agency, the number of cybercrime reports received in 2022 was 76,000, up from 13% the previous year. Therefore, the rising number of cyber threats is driving the growth of the static analysis market.

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The static analysis market covered in this report is segmented –

1) By Component: Software, Services, Consulting, Support And Maintainance, Training And Education
2) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
3) By End User: Information Technology And Telecom, Banking, Financial Services and Insurance (BFSI), Manufacturing, Retail, Government And Defense, Other End Users

Major companies operating in the static analysis market are innovating new technological solutions such as CI Spark to increase their profitability in the market. CI Spark is a novel approach to software security testing that leverages large language models (LLMs) and self-learning AI to cut the time it takes to build tests by a factor of 15. For instance, in September 2023, Code Intelligence GmbH, a Germany-based software company unveiled a new LLM-powered software security testing solution called CI Spark for assessing software security. CI Spark employs LLMs to detect attack surfaces automatically, generate fuzz tests, and suggest test codes. A broad collection of prompts is used to direct the solution in identifying security-critical tasks and automatically creating high-quality tests for them. Code Intelligence GmbH’s business growth may be aided by CI Spark’s automation, efficiency, scalability, and creativity.

The static analysis market report table of contents includes:

1. Executive Summary
2.Static Analysis Market Characteristics
3.Static Analysis Market Trends And Strategies
4.Static Analysis Market analysis
5.Static Analysis Market Size And Growth
6.Static Analysis Segmentation
7.Static Analysis Regional And Country Analysis
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27.Static Analysis Competitive Landscape And Company Profiles
28.Static Analysis Key Mergers And Acquisitions
29.Static Analysis Future Outlook and Potential Analysis

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