DUBLIN--(BUSINESS WIRE)--The "License Management Market by Component (Software and Services), Application Area (Audit Services, Advisory Services, Compliance Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The License Management Market Size is Expected to Grow from USD 629.6 Million in 2017 to USD 1,141.9 Million By 2022, at a CAGR of 12.6%
The market growth is driven by the increasing demand among enterprises to optimize their software investments. The growing cloud hosting business and rapidly increasing number of Internet of Things (IoT) devices have further fueled the growth of the license management market globally. However, various regions have different regulations, which may restrain the growth of the market.
Software license management is becoming very popular among enterprises, resulting in its increased use across all the major industry verticals, such as Information Technology (IT); Banking, Financial Services, and Insurance (BFSI); telecom; manufacturing; healthcare; media and entertainment; retail and consumer goods; and others (energy and utilities, government, travel and transportation). Software license management assists enterprises in managing license compliance, reducing the overall IT costs, improving security, and lowering the risk of non-compliance.
The on-premises deployment type proves to be more cumbersome and expensive than the license management solutions deployed using the cloud. For the on-premises deployment of license management software, companies need specialized software, hardware, and skilled employees to implement and monitor the applications on-premises. This incurs higher costs for the enterprises. Moreover, many organizations are very cautious about data integrity and privacy issues in the cloud deployment. Therefore, they prefer on-premises deployment over the cloud model.
North America has the first-mover advantage in the adoption of new technologies, including the cloud technology. Therefore, companies are willingly investing in North America. The major factors driving the growth of the license management market in North America are the stable economy, technology enhancements, and better infrastructure. APAC is one of the fastest-growing economies and has a favorable market for license management software and service vendors. Countries such as India, China, Australia, and Japan are the major contributors to the license management software market in APAC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 License Management Market, By Component
7 License Management Market, By Application Area
8 License Management Market, By Deployment Type
9 License Management Market, By Organization Size
10 License Management Market, By Industry Vertical
11 License Management Market, By Region
12 Competitive Landscape
13 Company Profiles
- Aspera Technologies
- Cherwell Software
- DXC Technology
- Flexera Software
- Labs64 Netlicensing
- Quest Software
- Reprise Software
- Snow Software
For more information about this report visit https://www.researchandmarkets.com/research/z6tjst/license?w=4