Software Bill of Materials (SBOM) Market Size to Reach USD 8,049.3 Million in 2032

KOLKATTA, India - July 30, 2025 - PRLog -- The increasing expansion of cloud-based solutions is significantly driving the revenue growth of the Software Bill of Materials (SBOM) market. The complexity of software dependencies and third-party components has surged in recent years due to the increasing migration to cloud environments among organizations. It necessitates comprehensive SBOM solutions to track and manage software components effectively. In June 2024, cybersecurity leader RapidFort launched its innovative SBOM Warehouse feature, a Software Attack Surface Management (SASM) breakthrough. This advanced platform capability provides organizations with a centralized repository for managing SBOMs across their containerized environments.

However, privacy and confidentiality concerns are emerging as major constraints on the revenue growth of the Software Bill of Materials (SBOM) market. As organizations implement SBOMs to enhance transparency in their software supply chains, there is increasing apprehension about the potential exposure of sensitive or proprietary information.

Segments Market Overview and Growth Insights:
Based on the component, the global Software Bill of Materials (SBOM) market is segmented into tools and services. The tools segment held the largest market share in 2024, driven by the growing demand for automated solutions that streamline the creation, management, and analysis of SBOMs. For example, in March 2024, Lockheed Martin introduced Hoppr, an open-source SBOM analysis tool designed to process SBOMs in the CycloneDX format, enabling the generation of consistent and attestable bundles.

Regional Market Overview and Growth Insights:
North America dominated the SBOM market in 2024, driven by its advanced technological landscape, stringent regulatory framework, and increasing adoption of cybersecurity measures, particularly in the U.S. and Canada. In June 2024, for example, the Federal Communications Commission (FCC) launched the "Schools and Libraries Cybersecurity Pilot Program," initially proposed by the U.S. Cybersecurity and Infrastructure Security Agency (CISA) in November 2023.

Competitive Landscape and Key Competitors
List of major players included in the Software Bill of Materials (SBOM) market report are: Microsoft Corporation, Black Duck Software, Quirk Software Inc., Sonatype, Jfrog, Anchore, Mend.io, Finite State, Inc., IBM, CycloneDX, Snyk, and Palo Alto Networks.

Major strategic developments by leading competitors:
Synopsys: On April 9, 2024, Synopsys introduced Black Duck Supply Chain Edition, a cutting-edge Software Composition Analysis (SCA) solution aimed at helping organizations mitigate upstream risks in their software supply chains. This solution incorporates advanced open-source detection capabilities, automated analysis of third-party Software Bill of Materials (SBOMs), and malware detection.

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