License Management Market Expected to Reach 1,141.9 Million USD by 2022
The license management market was valued at USD 577.5 Million in 2016 and is projected to reach USD 1,141.9 Million by 2022. The global market is expected grow at a Compound Annual Growth Rate (CAGR) of 12.6%.
(EMAILWIRE.COM, July 27, 2018 ) Rapid adoption of the license management software in North America, owing to early technology adoption, advanced IT infrastructure, and the presence of many large organizations.
North America consists of developed economies, such as the United States (US) and Canada. In this region, organizations are rapidly adopting and willing to invest in emerging technologies. The factors driving the growth of the license management market in North America are the stable economy, technology enhancements, and optimized infrastructure costs. The North American market provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, enterprises are growing rapidly, leading to the heavy demand for license management solutions and services. Therefore, North America is expected to have the largest regional share in the license management market.
The Information Technology (IT) industry vertical is expected to have the largest market size during the forecast period.
The IT industry vertical has witnessed a significant rise, owing to the faster pace of technological advancements. Organizations in the IT sector deploy numerous software to ensure a smooth operational flow. Organizations face challenges in managing and governing their enterprise software while focusing on their core competencies and business outputs. License management software and services empower organizations by managing and governing the software and licenses, automating the software delivery including software updates, and enabling product differentiation to tap new opportunities in the market.
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The large enterprises segment is expected to have the larger market share during the forecast period.
Organizations with more than 1,000 employees are categorized as large enterprises. Such enterprises have a huge corporate network and many revenue streams. Large enterprises have their customers across various regions and possess high market shares, enhanced technical expertise, and effective business strategies. Large enterprises manage software license contracts that require renegotiation and renewal several times in a year. The market share of the license management market is relatively high for the large enterprises segment as compared to the SMEs segment.
The major vendors in the license management market include Aspera Technologies (US), Cherwell Software (US), DXC Technology (US), Flexera Software (US), Gemalto (Netherlands), IBM (US), Oracle (US), Quest Software (US), ServiceNow (US), and Snow Software (Sweden). Some of the key innovators offering license management software and services include Labs64 NetLicensing (Germany), Reprise Software (US), and TeamEDA (US).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
North America consists of developed economies, such as the United States (US) and Canada. In this region, organizations are rapidly adopting and willing to invest in emerging technologies. The factors driving the growth of the license management market in North America are the stable economy, technology enhancements, and optimized infrastructure costs. The North American market provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, enterprises are growing rapidly, leading to the heavy demand for license management solutions and services. Therefore, North America is expected to have the largest regional share in the license management market.
The Information Technology (IT) industry vertical is expected to have the largest market size during the forecast period.
The IT industry vertical has witnessed a significant rise, owing to the faster pace of technological advancements. Organizations in the IT sector deploy numerous software to ensure a smooth operational flow. Organizations face challenges in managing and governing their enterprise software while focusing on their core competencies and business outputs. License management software and services empower organizations by managing and governing the software and licenses, automating the software delivery including software updates, and enabling product differentiation to tap new opportunities in the market.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=45181555
The large enterprises segment is expected to have the larger market share during the forecast period.
Organizations with more than 1,000 employees are categorized as large enterprises. Such enterprises have a huge corporate network and many revenue streams. Large enterprises have their customers across various regions and possess high market shares, enhanced technical expertise, and effective business strategies. Large enterprises manage software license contracts that require renegotiation and renewal several times in a year. The market share of the license management market is relatively high for the large enterprises segment as compared to the SMEs segment.
The major vendors in the license management market include Aspera Technologies (US), Cherwell Software (US), DXC Technology (US), Flexera Software (US), Gemalto (Netherlands), IBM (US), Oracle (US), Quest Software (US), ServiceNow (US), and Snow Software (Sweden). Some of the key innovators offering license management software and services include Labs64 NetLicensing (Germany), Reprise Software (US), and TeamEDA (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results