Global Software License Management Market 2016-2020
About the Software license management
The major drivers for the adoption of software licensing are piracy and malware. Software licensing acts as an agreement to solve these issues. It provides the rights to use packaged software or components of software. The use of a software without proper licensing would constitute an infringement of copyright laws. All enterprise applications are offered to end-users through licenses. Software licenses are of different types; some are based on the number of users that are allowed to use the program and others are based on the number of systems on which a program can be run.
Technavio’s analysts forecast the global software license management market to grow at a CAGR of 8.8% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global software license management market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of global software license management market. The report does not include revenue generated from the aftermarket service of the product.
Technavio's report, global software license management market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Software License Management Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Software License Management Market: Flexera Software, Reprise Software, SafeNet, Snow Software, Wibu-Systems,
Commenting on the report, an analyst from Technavio’s team said: “Virtualization maximizes the capabilities of a PC or server. New server environments can be implemented without new hardware, lots of machines can be supported by a single physical server, and applications also can easily be streamed from server to a desktop. Virtualization, which is a rapidly growing technique in the software industry, help organizations reduce the costs associated with the IT infrastructure and management. Virtualization is divided into two categories: hardware virtualization and software virtualization.”
According to the report, a key growth driver is the need to reduce piracy issues. Reducing the adoption and penetration of pirated software is the need of the hour in the software industry. Software piracy 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. With the help of this, end-users will be able to know that the piracy of the software has occurred, and measures can be taken as soon as detection is made.
Further, the report states that a major factor that lack of internal cross-functional collaboration. Software license management solutions consolidate enterprise-wide software licensing assets to provide a single platform for visibility. In order to provide an insight into software licenses and related business processes, various departments of an organization should contribute equally to the effective use of license management solutions. For instance, the administration department as well as the IT department of an organization must be well coordinated during the implementation software license management. Their inability to co-operate with each other results in decreased visibility of operations, leading to poor results. This lack of collaboration among organizational functions is acting as a challenge for organizations that want to deploy software license management solutions.
Flexera Software, Reprise Software, SafeNet, Snow Software, Wibu-Systems,
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