When one purchases software, it is necessary to remember that one only as the right to use it under the terms of the EULA, one don’t directly own it. Should the BSA, or any other auditor, find that one has disregarded the terms of the agreement, they are strongly exposing the company to thousands, or millions, of dollars in penalties.
Market Dynamics:
Software license audits cost businesses millions of dollars yearly and require a notable quantity of time and pressure to be spent by the customer over each audit. As part of the ongoing necessity to manage license entitlements, an audit must be performed in intervals to validate that the list of deployed software is proper. Each trade is pursuing or accepting some process of digital change. This is a business imperative due to digital technologies that are shifting how almost everything is built, bought, and sold and how end users and collaborators projected to do trade.
On contrary, uncertain and unpredicted regulations for these solutions are impeding the extensive adoption of license management tools amongst several customers.
Key features of the study:
- This report provides in-depth analysis of the global license management market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global license management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include USU Software AG, Flexera Software LLC, Cherwell Software LLC, Snow Software AB, ServiceNow Inc, Oracle Corporation, Reprise Software Inc., DXC Technology Co., IBM Corporation and Thales Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global license management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global license management market
Detailed Segmentation:
- Global License Management Market, By Component:
- Global License Management Market, By Deployment:
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- Global License Management Market, By Deployment:
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- Audit Services
- Advisory Services
- Compliance Management
- License Entitlement and Optimization
- Operations and Analytics
- Other Applications
- Global License Management Market, By End-User Industry:
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- BFSI
- Healthcare and Life Sciences
- IT and Telecommunication
- Media and Entertainment
- Other End-user Industries
- Global License Management Market, By Geography:
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- North America
- Europe
- Asia-Pacific
- Rest of the World
- Company Profiles:
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- USU Software AG
- Cherwell Software LLC
- DXC Technology Co.
- Flexera Software LLC
- Reprise Software Inc.
- Snow Software AB
- Oracle Corporation
- IBM Corporation
- Thales Group
- ServiceNow Inc
