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

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

Software licensing management is the process of tracking and documenting software used in a company. This licensing process allows software vendors to track, evaluate and guarantee how software is being handled and to boost revenue by assuring that users are using licenses appropriately and on the correct terms.

Market Overview:

The latest research study on the global Software License Management market finds that the global Software License Management market reached a value of USD 1054.04 million in 2022. It’s expected that the market will achieve USD 1698.14 million by 2028, exhibiting a CAGR of 8.27% during the forecast period.

Influence of COVID-19 Outbreak on Software License Management Industry Development

During the epidemic period, enterprises strictly follow the national epidemic norms to carry out production activities, avoid close communication and contact, use various communication conference software systems for telecommuting, and transfer related business processes and product testing to online completion. Under the influence of the epidemic, users have a newer awareness of telecommuting and a higher recognition of online office software.

However, in order to promote the efficiency of enterprises as soon as possible, enterprises give priority to investing most of their financial resources and energy in the production links that directly generate value, and then they will buy the IT systems and office software of enterprises, which leads to the overdue purchase of office systems and professional software used by employees, resulting in compliance problems; At the same time, software manufacturers, because of the epidemic situation, have to increase the compliance audit of customers' use of their software, and start to supervise users' use by software compliance audit in the IT industry, so as to ensure that enterprises can buy more orders for the IT technology and software they use, and prevent customers from buying less and using more, or stealing. Frequent compliance audit by software manufacturers has caused economic losses to many enterprises.

Problems about software licensing and compliance frequently occurred during the epidemic period, which caused great challenges to IT management and prompted more enterprises to invest in Software License Management.

Drivers

More and more cloud-based solutions are used to simplify and automate different processes in enterprise management. Providing cloud computing services and saving the cost of purchasing and maintaining basic equipment is an important trend in the future development of software products. At the same time, cloud computing conforms to the development trend of the industry. Cloud computing services help customers seek personalization in homogenization services, and help enterprises seek service standardization under the pressure of expansion. Cloud-based licensing allows software vendors to give customers access to real-time data to increase profits and lower costs. The cloud allows access to migration data, information on license use (including those that aren't being used and therefore being wasted), centralized records, etc. With the increasing popularity of cloud-based licenses, the use of other types of software licenses is decreasing. The license management demand in Cloud-Based Licensing field is increasing.

Segmentation Overview:

Among different product types, Cloud-Based Licensing segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the BFSI segment occupied the biggest share from 2018 to 2022.

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

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

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

Cloud-Based Licensing
Perpetual Licensing

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

BFSI
Education and Research
Government and Defense
Healthcare and Life Sciences
Manufacturing
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)