Analysis of the growth trends of the license management market by 2030 | Emerging research

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Market Trends – Growing Demand for Pay-As-You-Go Software Licenses

Market Size – USD 1,019.0 Million in 2021, Market Growth – at a CAGR of 11.5%, Market Trends – Growing Demand for Paid Software License »

— Emerging research

VANCOUVER, BC, USA, November 9, 2022 /EINPresswire.com/ — The Global license management market the size reached USD 1,019.0 million in 2021 and is expected to register a CAGR of 11.5% during the forecast period, according to a latest analysis from Emergen Research. Companies are focusing on reducing their operational costs due to high commodity price volatility and declining profitability. Therefore, they look for license management software to reduce cost, optimize software utilization and avoid loss due to license non-compliance.

Additionally, license management allows companies to manage all of their contracts, agreements, license entitlements, and software inventory from a single location. The growing demand for license management can also be attributed to its many advantages. For example, it helps companies efficiently organize and store software contracts in a secure location. As a result, businesses can protect themselves against unforeseen license fees and penalties. License management has also allowed companies to reduce software purchase costs by avoiding penalties for non-compliance, reducing renewal fees and offering deep discounts.

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The report also profiles established and emerging market players, covering business overview, product portfolio, strategic alliances, and business expansion strategies.

Some major companies in the global market report include Oracle Corporation, DXC Technology Company, IBM Corporation, Ivanti, Flexera Software LLC, Thales Cloud Security, ServiceNow, Inc., Snow Software, Inc., Labs64 Netlicensing, Reprise Software, TeamEDA Inc. , and Persistent Security, LLC

Report objectives:

Industry structure analysis of License Management market by identifying various sub-segments

In-depth analysis of key market players along with their SWOT analysis

Benchmark of the competitive landscape

Analysis of License Management Market based on growth trends, futuristic prospects, and contribution to total market growth

Analysis of drivers, restraints, opportunities, challenges, and risks in the global license management market

Complete analysis of competitive developments such as extensions, agreements,

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The report studies the historical data of the License Management market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.

Emergen Research has segmented the global license management market based on mode of deployment, application, industry, and region:

Deployment Mode Outlook (Revenue, USD Million; 2019-2030)

On the site

Cloud

Application Area Outlook (Revenue, USD Million; 2019-2030)

Audit services

Advisory Services

Compliance Management

Operation and analysis

Software inventory management

Others

Industry Outlook (Revenue, USD Million; 2019-2030)

Computer science

Banking and financial services

Health care

Media and Entertainment

Others

The full regional analysis covers:

North America (United States, Canada, Mexico

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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Key points of the License Management market:

The cloud segment accounted for a major share of revenue in 2021. The rapid adoption of technologies such as big data, machine learning (ML) and others across various industries is a major driver of segment revenue growth. .

The audit services segment accounted for a major share of revenue in 2021. Increased awareness about the various benefits of audit management software is a major driver of market revenue growth in the segment. For example, audit software allows companies to streamline their audit processes while complying with regulations or internal policies.

The banking and financial services segment accounted for a major share of revenue in 2021. Rising cases of financial fraud and rapid adoption of AI-based banking systems are major factors driving the market revenue growth in the segment. Big data, artificial intelligence, cloud computing and other technologies have dramatically changed the banking industry.

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