Global License Management Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global License Management Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

License management is a software management tool used by managers or suppliers to manage and record where and how company software products can run to ensure compliance with end-user license agreements. It helps to prevent developers' software from being copied, shared or illegally used by unauthorized users in other ways.

Market Overview:

The latest research study on the global License Management Software market finds that the global License Management Software market reached a value of USD 592.35 million in 2022. It’s expected that the market will achieve USD 1028.26 million by 2028, exhibiting a CAGR of 9.63% during the forecast period.

Market Drivers and Impact

The increasing demand for digital age networks enables enterprises to realize digital transformation and generate new business results by using new digital age technologies such as Internet of Things (IoT), cloud and artificial intelligence (AI). This dependence on digital technology and various softwares is expected to drive the growth of the market.

Especially after COVID-19, COVID-19 accelerated social and technological changes, and had an impact on other aspects. COVID-19 forced many unprepared enterprises and processes to digitize at a tortuous speed. Internet has become the foundation of successful economic transformation in COVID-19 era.

This era is a technology-driven era, and people are forced to work from home, serve entertainment, and accept the trend of telemedicine and machine learning. This change reflects a profound behavior change, which cannot be realized even within ten years. The current change is not only a change from digitalization to cloud computing and consumer applications, but also a behavioral change. Some visionary enterprises are seizing this unprecedented opportunity, suspending simple growth or implementation, and creating new value and creativity instead. The whole team will be freed from the original cycle, thinking about new ideas and making the enterprise more streamlined and flexible.

At the same time, some data show that modern enterprises pay more attention to IT investment, and tend to optimize software investment in business processes, so as to obtain higher return on investment from operation. This brings great development opportunities to the software development industry. With the development of digitalization and Internet of Things, software products are widely used in daily business. Millions of R&D funds are used to create perfect solutions for current and potential customers. With the increasing investment in IT infrastructure development, there is a growing demand for license management tools. Developers have invested time, energy and planning in this process, but proper licensing strategy and implementation are often ignored. Without a well-thought-out licensing strategy, developers and enterprises may miss revenue opportunities, position themselves as less agile, and ultimately lead to lower customer satisfaction. Nowadays, there are many pirated software products in the market, and the unauthorized use and accompanying damages have brought huge losses to developers.

The increased downside risk of IT spending in developed regions

Affected by the epidemic, License Management Software Industry has limited development efficiency, which has a negative impact on software sales and software upgrade. In the information service industry such as software, the epidemic caused the on-site commissioning and private network delivery to fail to start as scheduled, resulting in service outsourcing, system integration projects, offline training and so on. Will be seriously affected. At the same time, the epidemic has a negative impact on the information exchange and industry bidding of software and information services. But covid-19 has limited influence on the license management software industry.

Stringent regulations

With the intensification of competition, enterprises all over the world are looking for ways to expand their business. Due to the specific laws and regulations in different countries, enterprises must face a number of challenges. Using licenses in remote offices in different countries will lead to non-compliance. Most software license agreements are limited to use in the country of purchase. Global organizations with offices in various countries need to purchase a license in one place and use it in another. Such organizations must bear additional costs for global deployment cases.

Intense market competition

At present, the competition in the license management software market is fierce, and all participants are competing for market share. There are many well-known large companies in the market, which have market competitive advantages in technology, capital, market channels and brand awareness. In addition, the license management software market is an industry with great potential, and the driving force of the market urges more and more capital to flood into the market, which further intensifies the market competition.

Region Overview:

Geographically, Americas held the largest market share – 38.55% in 2022.

Company Overview:

Thales Group is one of the major players operating in the License Management Software market, holding a share of 41.89% in 2023.

Thales Group

As a global high-tech leader, Thales Group is committed to investing in digitalization and deep scientific and technological innovation-interconnection, big data, artificial intelligence, network security and quantum technology, and building a future of mutual trust that is vital to social development. The Group provides solutions, services and products to its customers in five major markets, including aviation, aerospace, rail transit, digital identity and security, and defense. Help all kinds of enterprises, institutions and governments achieve key tasks by putting people at the core of the decision-making process.

Flexera Software

Company description: Flexera Software is a global leader in Software Asset Management and Software License Optimization solutions, enabling enterprises to gain visibility and control of IT assets, reduce ongoing software costs and maintain continuous license compliance.

Segmentation Overview:

By type, Software-based & Cloud-based Enforcement segment accounted for the largest share of market in 2022.

Application Overview:

In the License Management Software market, 65.15% of the total value was generated through the B2B Vendors segment by application in 2022.

Key Companies in the global License Management Software market covered in Chapter 3:

Wibu Systems
Inishtech
Reprise Software
Thales Group
Agilis Software
Flexera Software
Soraco Technologies
Nalpeiron
CrypKey
Pace Anti-Piracy

In Chapter 4 and Chapter 14.2, on the basis of types, the License Management Software market from 2018 to 2029 is primarily split into:

Hardware-based Enforcement
Software-based & Cloud-based Enforcement

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the License Management Software market from 2018 to 2029 covers:

B2B Vendors
B2C Vendors
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)