License management

Global License Management Market (2020 to 2025) Growth, Trends and Forecast – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The report “License Management Market – Growth, Trends and Forecast (2020 – 2025)” has been added to ResearchAndMarkets.com offer.

The license management market was valued at US $ 737 million in 2019 and is expected to reach US $ 1,206.39 million by 2025, at a CAGR of 8.56% over the forecast period 2020-2025.

Companies mentioned

  • Aspera Technologies Inc.

  • Cherwell Software LLC

  • DXC Technology Co

  • Flexera Software LLC

  • Reprise Software Inc.

  • Snow Software AB

  • Oracle Corporation

  • IBM Company

  • Gemalto Inc.

  • ServiceNow Inc.

Key market trends

BFSI sector will experience significant growth and drive the market

Banks, Financial Services and Insurance Companies (BFSI) demand an IT infrastructure that is available 24 hours a day, 7 days a week, 365 days a year and meets stringent internal and external service level requirements. Since the segment is primarily concerned with end customers, who contribute to business revenue, a business needs to ensure that end user applications and business services comply with the guidelines provided by financial institutions and thus provide better security to customers. their clients.

  • A bank’s IT stock often accounts for around 50% of a company’s total asset base and sometimes up to 80% of capital expenditure. License management tools deliver real savings by identifying unused software and hardware assets, more efficient lifecycle management, and better processing of IT operations through better documentation.

  • In addition, the BFSI industry faces major cyberattacks and, according to the report, financial companies are 300 times more likely than other institutions to experience cyberattacks and therefore need hypervigilant security software that is continuously updated. day to counter any breach of security. For example, in 2019, Mastercard reported over 460,000 intrusion attempts every day, which was up 70% from the previous year.

  • Additionally, during the COVID-19 coronavirus pandemic, most users rely on digital banking services, and there is a sudden increase in cyber attacks targeting the financial services industry.

North America expected to experience significant growth

Technological changes such as the rapid increase in cloud computing and software virtualization are causing an increase in software license litigation. For example, SAP settled the software license conflict with Anheuser-Busch, the US subsidiary of beverage conglomerate AB InBev, because it violated its software license agreement by directly and indirectly accessing SAP systems and data without the licenses. appropriate, and by underpaying the license fees due. . This has fostered the rapid adoption of software licensing solutions that protect organizations from the litigation costs associated with software misuse.

  • License agreements based on user, headquarters, or enterprise do not fit well with the cloud or virtualization model. This is why software vendors are now changing their license terms to make the license terms more onerous for users. For example, in 2018, Oracle changed its license so that Oracle JDK is free for individuals to use, develop, test, prototype, and demonstrate, but requires a commercial license to avoid the GPLv2 + CE license. .

  • In addition, an increasing number of license audits are being carried out by software vendors and the frequency of which is expected to increase over the period studied. For example, Oracle will perform license audits in the cloud more often than the current number.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market overview

4.2 Market drivers

4.2.1 Growing demand to optimize software investments

4.2.2 Growing requirement for audit preparation within the organization

4.3 Market restrictions

4.3.1 Uncertain standards and regulatory frameworks

4.4 Market opportunities

4.5 Industry Attractiveness – Porter’s Five Forces Analysis

4.6 Impact of COVID-19

5 MARKET SEGMENTATION

5.1 By component

5.1.1 Software

5.1.2 Services

5.2 By deployment

5.2.1 On site

5.2.2 Cloud

5.3 By Application (Qualitative Trend Analysis)

5.3.1 Verification services

5.3.2 Consulting services

5.3.3 Compliance management

5.3.4 License rights and optimization

5.3.5 Operations and analyzes

5.3.6 Others

5.4 By the end user

5.4.1 BFSI

5.4.2 Health and life sciences

5.4.3 IT and telecommunications

5.4.4 Media and entertainment

5.4.5 Other vertical end user

5.5 By geography

5.5.1 North America

5.5.2 Europe

5.5.3 Asia-Pacific

5.5.4 Latin America

5.5.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company profiles *

6.1.1 Aspera Technologies inc.

6.1.2 Cherwell Software LLC

6.1.3 DXC Technology Co

6.1.4 Flexera Software LLC

6.1.5 Reprise Software Inc.

6.1.6 Snow Software AB

6.1.7 Oracle Corporation

6.1.8 IBM Corporation

6.1.9 Gemalto Inc.

6.1.10 ServiceNow Inc.

7 FUTURE PROSPECTS OF THE MARKET

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information on this report, visit https://www.researchandmarkets.com/r/n82icd


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