Global Software License Management Market Size By Licensing Type (Proprietary License, GNU General Public License), By End-Users (BFSI, Government And Defense, Hospitals), By Geographic Scope And Forecast
Report ID: 34842|No. of Pages: 202
Global Software License Management Market Size By Licensing Type (Proprietary License, GNU General Public License), By End-Users (BFSI, Government And Defense, Hospitals), By Geographic Scope And Forecast
Software License Management Market Size And Forecast
Software License Management Market size was valued at USD 2,100.00 Million in 2022 and is projected to reach USD 6,011.48 Million by 2030, growing at a CAGR of 14.05% from 2023 to 2030.
The market is being driven by several key drivers, including expanding licensee competition, rising demand for software investments, rising emphasis on software audits, and rising demand for software adoption to make multitasking in the workplace easier. The Global Software License Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Software License Management Market Definition
Software license management ensures that the legal agreements that go along with purchased software licenses are upheld. In order to enforce and guarantee compliance with software licenses, an organization uses software tools to monitor, control, and document its software products. This is known as software license management. Software vendors can also make use of these tools to monitor and guarantee adherence to the developer’s software license. It assists in preventing unauthorized users from copying, sharing, or pirating the developer’s software.
The market for license management is expanding as a result of the growing need for efficient and effective license management software among small, and medium-sized businesses, as well as large-scale businesses. The emergence of cloud governance, the expansion of audit operations, and the increased need to address piracy and theft issues are all contributing to the growth of the global Software License Management Market.
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Global Software License Management Market Overview
The market is being driven by several key drivers, including expanding licensee competition, rising demand for software investments, rising emphasis on software audits, and rising demand for software adoption to make multitasking in the workplace easier. Software license management tools play a significant role in the prevention of infringement. During the anticipated timeframe, this is projected to enhance the industry as a whole. Businesses can also save money by using software licenses as they work to maximize software utilization and minimize any losses resulting from license non-compliance. Furthermore, stakeholders are being encouraged to invest in research projects of the constant innovation in the software industry and the demand from businesses for secure and user-friendly software.
The market is anticipated to grow as a result of the significant investment being made in the industry to enhance technology and eliminate software faults and promote user privacy and security. The widespread economic losses caused by software piracy and counterfeiting will drive the expansion of the worldwide software license management industry. Additionally, an increase in audit operations, license compliance audits, and the desire to lessen piracy issues are all predicted to fuel the expansion of the global market. However, managing various licensing mechanisms and a lack of internal cross-functional cooperation may stifle market expansion. Additionally, a significant opportunity for market growth is presented by the development of cloud governance.
Global Software License Management Market Segmentation Analysis
The Global Software License Management Market is segmented on the basis of Licensing Type, End-Users, and Geography.
Software License Management Market, By Licensing Type
- Proprietary License
- GNU General Public License
- End-User License Agreement
- Workstation Licenses
- Others
Based on Licensing Type, the market is segmented into Proprietary License, GNU General Public License, End-User License Agreement, Workstation Licenses, and Others. The workstation licenses segment is anticipated to grow at the greatest CAGR during the projected period, primarily due to the rise in small and medium-sized businesses, their adoption of technology, and the efficiency of their operations. Businesses may manage all contracts, agreements, license entitlements, and software inventories using software licenses, and they can do it from a single spot.
Software License Management Market, By End-Users
- BFSI
- Government and Defense
- Hospitals
- Others
Based on End-Users, the market is segmented into BFSI, Government and Defense, Hospitals, and Others. The BFSI will hold the biggest market share. The increase in bank account holders will be the main motivating force. Banks are working to provide their account holders with contactless services and go paperless.
Software License Management Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geographical Analysis, the Global Software License Management Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will have the majority of the global market for software licensing. One of the main factors driving the market’s expansion during the forecast period is ongoing innovation in software coding and its use.
Key Players
The “Global Software License Management Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Flexera Software, IBM Corporation, Muduslink Global Solutions Inc., Inishtech Technology Ventures Ltd., Microsoft Corporation, Accenture Plc., Safenet Inc., Agilis International, Dimension Data, HP Inc, Snow Software.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Software License Management Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Software License Management Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2019-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Period | 2019-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Flexera Software, IBM Corporation, Muduslink Global Solutions Inc., Inishtech Technology Ventures Ltd., Microsoft Corporation, Accenture Plc., Safenet Inc., Agilis International, Dimension Data, HP Inc, Snow Software. |
| Segments Covered |
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| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Data Collection Matrix
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Industry Analysis Matrix
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