License Management Market
The global license management market size will reach USD 1,019.0 Million in 2021 and is expected to register a revenue CAGR of 11.5% during the forecast period, according to a latest analysis by Emergen Research. Companies are focusing on lowering their operating costs as a result of high volatility in raw material prices and lower profitability. As a result, they are looking for license management software to reduce costs, optimize software usage, and avoid any loss due to license non-compliance.
In addition, license management allows companies to manage all of their contracts, agreements, license rights, and software inventory from one location. The growing need for license management can also be attributed to its many benefits. For example, it helps companies efficiently organize and store software agreements in a secure location. As a result, companies can protect themselves against unexpected license fees and penalties. License management has also enabled companies to reduce software acquisition costs by avoiding penalties for non-compliance, lowering renewal fees, and offering large discount.
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The report also describes established and emerging market players, covering business overview, product portfolio, strategic alliances, and business expansion strategies.
Some key 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
Objectives of the Report:
Analysis of the industrial structure of the License Management market by identifying various sub-segments
Extensive analysis of key players in the market along with their SWOT analysis
Competitive landscape benchmarking
License Management market analysis based on growth trends, futuristic outlook, and contribution to overall market growth
Analysis of drivers, restraints, opportunities, challenges, and risks in the global License Management market
Comprehensive analysis of competitive developments such as expansions, agreements,
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The report analyzes the historical data of the License Management Market and offers valuable information about key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other important aspects.
Emergen Research has segmented the global license management market based on deployment mode, application, industry, and region:
· Deployment Mode Outlook (Revenue, USD Million; 2019-2030)
In Precinct
Cloud
· Application Area Outlook (Revenue, USD Million; 2019-2030)
Audit Services
Advisory Services
Compliance Management
Operations and Analytics
Software Inventory Management
Different
· Industry Outlook (Revenue, USD Million; 2019-2030)
Information Technology
Banking and Financial Services
Taking care of your health
Media and Entertainment
Different
A complete regional analysis covers:
North America (US, 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, UAE, South Africa, Rest of MEA)
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Key Points of the License Management Market:
The cloud segment accounts for a large share of revenue in 2021. The rapid adoption of technologies such as big data, Machine Learning (ML), and others in various industries is a major factor driving the segment’s revenue growth .
The audit services segment accounted for the major revenue share in 2021. Increasing awareness about the various benefits of audit management software is a major factor driving the revenue growth of the market in the segment. For example, audit software allows companies to streamline their audit processes while also complying with regulations or internal policies.
The banking and financial services segment accounts for a major share of revenue in 2021. Increasing cases of financial fraud and rapid adoption of AI-based banking systems are key factors driving revenue growth of the market in the segment. Big data, AI, cloud computing, and other technologies have dramatically changed the banking industry.
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