Software license management market to grow at a CAGR of 8.8% during the period 2016-2020.
Portland, OR -- (SBWIRE) -- 11/02/2017 -- License management solutions safeguard an enterprise against license compliance audits by providing information on the actual data usage of the software. This process permits enterprises to overcome potential threats and controls unnecessary expenses from software vendors. These solutions also increase the operational transparency to prevent litigation costs associated with software misuse.
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Software license management market to grow at a CAGR of 8.8% during the period 2016-2020. Increase in audit activities and license compliance audits, and rise in need to reduce piracy issues drive the global software license management market. Software privacy is very common in the business-to-customer market. Piracy of any software decreases the revenue generated by software publishers.
With the implementation of software license management solutions, piracy can be controlled to a large extent. Software license management involves keeping track of the software and its maintenance. Rise of cloud governance offers a major opportunity for market expansion.
Deployment model, and region. Based on form factor, it is bifurcated into hardware-based enforcement and software-based enforcement. The deployment models included in the report are cloud and on-premises models. Key players such as Flexera, Reprise Software, Gemalto NV, Snow Software, IMB Corporation, WIBU-SYSTEMS USA Inc., Agilis Management, Inc., Inish Technology Ventures Ltd., License4J, and Persistent Security, LLC.
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The study provides an in-depth analysis of the global software license management market and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
The quantitative analysis of the global market from 2017 to 2023 is provided to determine the market potential.