According to TechSci Research, Global License Management Market is expected to reach USD 1.2 Billion by 2024, witnessing growth at a CAGR of over 12%, in value terms, owing to increased adoption of license management in end-user industries such as IT, Banking, Financial Services & Insurance, etc to increase operational transparency which avoids litigation costs that are associated with misuse of software. Moreover, the need to optimize software investments and the rising need to reduce software piracy will drive the Global License Management Market further. Based on components of the License Management market, the software component owing to its applications such as management of license compliance, reducing overall IT costs, security, and lowering the risk of non-compliance. Based on the deployment type, Cloud segment is expected to lead the market due to widespread adoption of cloud computing. North America is expected to dominate the global License Management market as constituent nations including, US and Canada are largely focussing on technological innovations.
Years considered for this report:
Historical Year : 2014 – 2017
Base Year : 2018
Estimated : 2019
Forecast : 2020 – 2024
Objective of the Study:
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Some of the leading players in the Global License Management market are IBM, Aspera Technologies, Oracle, Cherwell Software, Flexera Software, DXC Technology, Quest Software, Snow Software, Gemalto, Servicenow, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of solution and service vendors across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the solution and service vendors which could not be identified due to the limitations of secondary research. TechSci Research analysed the components, application areas, deployment models, distribution channels and presence of all major solution and service vendors across the globe.
TechSci Research calculated the market size of Global License Management using a bottom-up approach, where value sales data for License Management market was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution and service vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global License Management market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in License Management Market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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