Software Asset Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024
Sarasota, FL -- (SBWIRE) -- 05/15/2018 -- Global Software Asset Management Market: Overview
Due to growing need for maintenance of cost and risk management in business organizations, the demand for software asset management is increasing rapidly. Software asset management solutions typically deal with managing and optimizing the purchase, licensing, maintaining, monitoring and disposal of software assets in order to give the organization a report of entire software lifecycle and to manage their IT spending. Software asset management helps the organization to analyze the appropriate investments in software assets, short-term and long-term financial benefits and protection from anti-piracy legal actions.
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Global Software Asset Management Market: Growth Factors
The software asset management market in the big enterprise's segment is expected to grow significantly in coming years. The software asset management market is driven by the increasing number of audits in an organization, the complex nature of the licensing schemes, high expenditure on the licenses and over compliance. The trending technologies in the software assets management market are virtualization and cloud solutions resulting in various growth opportunities for the market.
However, the market faces challenges as the software licensing is complex, budget constraints, lack of awareness and a low order of importance for the adoption of software asset management solutions and services.
Global Software Asset Management Market: Segmentation
Software Asset Management market is divided into following categories, based on technology tools, deployment type, based on applications, enterprise type, based on end-user, and region.
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Based on technology, the market is further segmented into Software inventory tools, Application control tools, License manager solutions, Software metering tools, Software deployment tools, Request management tools, Patch management tools, Product catalog tools. Based on deployment type the market is segmented into on-premise and Cloud-based. Based on applications type the market is divided into software compliance, audit management, and vendor management. Based on enterprise type the Software Asset Management market is divided into Small and medium enterprise and Large enterprise. Based on the end-user type the market can be classified into Transportation, Healthcare, Government, Manufacturing, Oil and Gas, Utilities.
Global Software Asset Management Market: Regional Analysis
The largest contributor to the global software asset management market in terms of regional revenue is estimated to be North America as this region comprises developed countries, such as the US and Canada due to their strong financial position and adoption of new and emerging technologies for effective business operations.
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The increasing penetration of several companies in the Asia-Pacific and Western Europe region and owing to the increased adoption of cloud-based solutions and virtualization these regions are expected to grow rapidly in coming years.
Global Software Asset Management Market: Competitive Players
Some of the most important market players in the software asset management market include Flexera Software LLC, Aspera Technologies, BMC Software, CA Technologies, Certero, Cherwell Software, IBM Corporation, Ivanti, Micro Focus, Microsoft, Scalable Software, ServiceNow, Snow Software, and Symantec.
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Global Software Asset Management Market Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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