Static Analysis Global Market Report 2024

Static analysis, also known as static code analysis or static code review, is a software testing and code quality assurance technique employed in software development to evaluate code without executing it. This technique is pivotal in the software development process, aiding developers and organizations in ensuring code quality, security, and maintainability.

The main components in static analysis include software, services, consulting, support and maintenance, training, and education. Software encompasses a collection of programs, data, and instructions that instruct a computer on how to perform specific tasks or functions. It is utilized by large enterprises and small and medium-sized enterprises (SMEs) across various industries, including information technology and telecom, banking, financial services and insurance (BFSI), manufacturing, retail, government and defense, and other end-users.

The static analysis market research report is one of a series of new reports from The Business Research Company that provides static analysis market statistics, including static analysis industry global market size, regional shares, competitors with a static analysis market share, detailed static analysis market segments, market trends and opportunities, and any further data you may need to thrive in the static analysis industry. This static analysis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 observed in the historic period can be attributed to factors such as increasing software complexity, stringent regulatory standards, the shift left in software development practices, integration with development environments, and the proliferation of open-source software in the field of static analysis.

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 anticipated growth in the forecast period can be attributed to the adoption of DevOps practices, an increased emphasis on software security, rapid growth in IoT development, integration of AI and machine learning, compliance with privacy regulations, and a shift towards microservices architecture in the field of static analysis. Major trends expected in the forecast period include collaborative development and code reviews, a shift from on-premises to cloud-based solutions, adherence to compliance standards, a heightened focus on security vulnerability detection, and growing concerns related to cybersecurity in software development.

The static analysis market is anticipated to experience significant growth due to the increasing number of cyber threats. Cyber threats encompass any potential or actual malicious activities or events in the digital realm that pose risks to computer systems, networks, data, or digital infrastructure. Static analysis plays a crucial role in identifying and preventing cyber threats by detecting vulnerabilities in the source code before the program is publicly released. By examining the source code and scanning for security flaws before code generation, static analysis fortifies the program against potential attacks. For example, in November 2022, the Australian Cyber Security Center, a government agency in Australia, reported a 13% increase in cybercrime reports, reaching 76,000 in 2022. This surge in cyber threats is a key driver behind the growth of the static analysis market.

The static analysis market is also expected to benefit from the rising adoption of cloud technology. The term 'cloud' refers to a network of remote servers on the internet that store, manage, and deliver data, applications, and services to users and organizations. Cloud computing enhances static analysis by providing scalable computing resources, enabling efficient processing of large codebases, and facilitating collaboration among developers through centralized storage and accessibility of static analysis tools and results. In December 2023, Eurostat, a UK-based intergovernmental organization, reported that 45.2% of EU enterprises purchased cloud computing services, marking a 4.2% increase compared to 2021. The statistics reveal a growing trend in cloud adoption, with 44% of traditional small businesses, 66% of small tech companies, and 74% of enterprises utilizing cloud services. Consequently, the increasing adoption of cloud technology is a significant driver of the static analysis market's growth.

The primary impediment to the growth of the static analysis market during the forecast period is the shortage of skilled professionals. This scarcity of expertise in utilizing static analysis tools poses a significant challenge to the software development and cybersecurity industries, which employ these tools to examine source code or binary code without executing it, identifying programming errors. Organizations are compelled to either allocate more resources for performing static analysis or incur costs by hiring expensive consultants to bridge the skills gap. For instance, in May 2023, Ernst and Young, a UK-based advisory services company, reported that 81% of organizations are grappling with a shortage of skilled professionals, particularly in the context of static analysis tools. Consequently, the shortage of skilled professionals is impeding the growth of the static analysis tools market.

Leading companies in the static analysis market are actively innovating new technological solutions, such as CI Spark, to enhance their market profitability. CI Spark represents a pioneering approach to software security testing, utilizing large language models (LLMs) and self-learning AI to significantly reduce the time required to build tests. In September 2023, Code Intelligence GmbH, a Germany-based software company, introduced CI Spark, a novel LLM-powered software security testing solution. CI Spark leverages LLMs to automatically detect attack surfaces, generate fuzz tests, and propose test codes. The solution employs a diverse range of prompts to guide the identification of security-critical tasks and automate the creation of high-quality tests. The automation, efficiency, scalability, and creativity offered by CI Spark are expected to contribute to the business growth of Code Intelligence GmbH.

In April 2022, Checkmarx Ltd., a US-based software company specializing in application security testing solutions, entered into a partnership with JetBrains s.r.o. This strategic collaboration aims to combine the strengths of their respective technologies to deliver significant benefits to the developer community. The partnership involves integrating Checkmarx's static code analysis capabilities into JetBrains' renowned integrated development environment (IDE) for software development, IntelliJ IDEA Ultimate. This integration enables developers to seamlessly scan uncompiled code, identify potential security vulnerabilities, and address them within the familiar IntelliJ IDEA workspace. JetBrains s.r.o., based in Czechia, is a software company that offers various integrated development environments (IDEs) and tools, including static code analysis tools.

Major companies operating in the static analysis market report are Google LLC, Microsoft Corporation, Synopsys Inc., Fortinet Inc., Open Text Corporation, Micro Focus International PLC, Verint Systems Inc., Rapid7, Bugcrowd, Qualys Inc., Checkmarx Ltd., Idera Inc., Jet Brains s.r.o, Trustwave Holdings, Perforce Software Inc., SonarSource S.A., Veracode, Contrast Security Inc., McAfee Corp., CAST Software Inc., RIPS Technologies GmbH, Parasoft Corporation, GrammaTech Technologies, Acunetix, Secure Code Warrior Limited, Embold Technologies GmbH, ImmuniWeb, VerSprite LLC, Code Dx Inc.

North America was the largest region in the static analysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the static analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the static analysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The static analysis market consists of revenues earned by entities by providing services such as code quality analysis, security analysis, documentation analysis, compliance and standards checks, performance analysis, legacy code assessment, and AI-powered code review. The market value includes the value of related goods sold by the service provider or included within the service offering. The static analysis market also includes sales of static code analyzers, security scanners, documentation generators, compliance and standards checkers, performance analyzers, cross-platform compatibility tools, legacy code assessment tools, code review and collaboration tools, and dependency analysis tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Static Analysis Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on static analysis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for static analysis ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The static analysis market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Component: Software; Services; Consulting; Support And Maintenance; 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
• Companies Mentioned: Google LLC; Microsoft Corporation; Synopsys Inc.; Fortinet Inc.; Open Text Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.