The global software bill of materials (SBOM) market, valued at USD 1,321 million in 2024, is projected to reach approximately USD 11,445 million by 2034. This robust growth, driven by increasing cybersecurity needs and software transparency regulations, is expected at a CAGR of 24.1%.
Software Bill of Materials Market Statical Scope
| Reports Attributes |
Statistics |
| Market Size in 2024 |
USD 1,321 Million |
| Market Size in 2025 |
USD 1,639 Million |
| Market Size in 2031 |
USD 5,988 Million |
| Market Size by 2034 |
USD 11,445 Million |
| CAGR 2025 to 2034 |
24.1% |
| Base Year |
2024 |
| Forecast Period |
2025 to 2034 |
Market growth is being driven by rising cybersecurity threats, increasing regulatory mandates for software transparency, and the expanding use of open-source software in enterprise development. Governments and industry bodies are requiring SBOM adoption as part of secure software development frameworks, most notably in critical infrastructure, healthcare, and defense. The rapid digital transformation of industries and the surge in software supply chain attacks have made SBOM solutions a core element of DevSecOps practices.
Key restraints include a lack of standardization across SBOM formats, integration challenges with existing development pipelines, and limited awareness among smaller software vendors. The complexity of maintaining accurate, continuously updated SBOMs in large-scale applications can also hinder adoption. Opportunities lie in developing interoperable SBOM management platforms that integrate seamlessly with CI/CD pipelines, as well as automation-driven tools that continuously detect and remediate vulnerabilities.
Artificial intelligence AI is poised to play a pivotal role in the SBOM market by automating component identification, license detection, and vulnerability prioritization. Machine learning algorithms can analyze vast repositories of code to detect hidden dependencies or security flaws in real time. AI-driven SBOM analytics can also predict potential exploit pathways and optimize patch management, enabling proactive software risk mitigation.
Software Bill of Materials Market Share, By Region, 2024 (%)
| Regions |
Shares (%) |
| North America |
38% |
| Asia Pacific |
29% |
| Europe |
28% |
| Latin America |
3% |
| Middle East & Africa |
2% |
- North America – Holds 38% of the market, driven by strong regulatory support and widespread adoption in tech and government sectors. Dominates due to being an early adopter of SBOM compliance frameworks.
- Europe – Represents 28% of the market, focusing on cybersecurity regulations and open-source software security. Gaining momentum due to growing policy alignment with global software transparency standards.
- Asia Pacific – Accounts for 29% of the market, with rising digital transformation across manufacturing and IT sectors. Gaining momentum as regional economies adopt cybersecurity frameworks and supply chain visibility tools.
- Latin America & Middle East and Africa – Combined, these regions hold 5% of the market, with adoption led by select enterprises in Latin America and emerging tech hubs in the Middle East. Not dominating due to limited regulatory enforcement and lower awareness of SBOM implementation benefits.
Software Bill of Materials Market Share, By Type, 2024 (%)
| Segments |
Shares (%) |
| SPDX |
55% |
| CycloneDX |
35% |
| Others |
10% |
- SPDX – Holds 55% of the market, serving as the most widely adopted format for managing software bill of materials. Dominates due to its strong standardization, open-source backing, and broad acceptance across industries.
- CycloneDX – Accounts for 35% of the market, providing a modern and lightweight SBOM format optimized for software security. Gaining momentum as cybersecurity compliance and DevSecOps adoption expand rapidly.
- Others – Represents 10% of the market, including proprietary or niche SBOM standards. Does not dominate due to limited interoperability and lower industry recognition.
Software Bill of Materials Market Share, By Application, 2024 (%)
| Segments |
Shares (%) |
| Retail and E commerce |
12% |
| Financial Services |
18% |
| Transportation and Logistics |
12% |
| Government |
14% |
| Manufacturing |
22% |
| Healthcare |
14% |
| Aerospace Defense |
7% |
- Manufacturing – Holds 22% of the market, leveraging SBOMs for supply chain transparency and component tracking. Dominates due to increased digitalization and emphasis on product security.
- Financial Services – Accounts for 18% of the market, integrating SBOMs to enhance software security in financial systems. Gaining momentum as regulatory compliance and cyber-risk management intensify.
- Healthcare – Represents 15% of the market, applying SBOMs to secure connected medical devices and healthcare IT systems. Gaining momentum due to rising focus on cybersecurity and patient data protection.
- Government – Holds 14% of the market, with agencies implementing SBOM frameworks to ensure software integrity. Gaining momentum driven by federal mandates and national cybersecurity initiatives.
- Retail and E-commerce – Captures 12% of the market, using SBOMs to safeguard transaction systems and digital infrastructure. Not dominating due to relatively slower adoption outside large enterprises.
- Transportation and Logistics – Represents 12% of the market, employing SBOMs to enhance the security of connected transport systems. Gaining momentum as logistics firms modernize software infrastructure.
- Aerospace and Defense – Accounts for 7% of the market, focusing on secure software supply chains in mission-critical systems. Not dominating due to slower integration cycles and stringent validation processes.
