The global asset management software market is expected to grow from US $ 2,250. 37 million in 2021 to US $ 5,150. 51 million by 2028; it is estimated to grow at a CAGR of 12. 6% from 2021 to 2028.
New York, Feb. 24, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “Software Asset Management Market Forecast to 2028 – Impact of COVID -19 and Global Analysis by Share, Type of Deployment, Organizational Size, and Industry Vertical ” – https://www.reportlinker.com/p06232603/?utm_source=GNW
In addition to software asset management, the asset management software market for cloud settings focuses on cost management, software portfolio management, and regulatory challenges. asset management (SAM) as a process must adapt to the rapid pace of change.
Different cloud approaches – infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS) – have different impacts on the software asset management market, and organizations. will need to carefully and proactively consider the impact of their cloud approach on their software asset management market programs, in general, and specifically on their software licensing.
The COVID-19 pandemic has benefited the software asset management market. Businesses are facing new challenges due to the COVID-19 pandemic such as the creation of remote work environments.
The outbreak of COVID-19 highlighted the need to adopt digital technologies and harness the potential of software asset management solutions and services to optimize licenses and costs and increase ROI on IT assets. . Moreover, the advent of the pandemic in 2020 has posed many challenges for operations in the global marketplace.
As the health care infrastructures of developed economies collapse as a result of rising cases, emergency public health care will require government and market players to intervene and help revive market operations and revenue through the collaboration of research and development initiatives undertaken to offset losses during the forecast period, which will end in 2028. In addition, increased investments bode well for the industry in the coming years.
Microsoft Corporation; IVANTI; SNOW SOFTWARE; BMC SOFTWARE, INC .; CERTERO; FLEXERA; IBM Corporation; MICRO FOCUS; SERVICE NOW; and BROADCOM, INC. are the major companies operating in the asset management software market. The report comprises the second research work on other companies that have a large market share.
The total market size of asset management software is obtained using both primary and secondary sources. To begin the research process, complete secondary research was conducted using internal and external sources to obtain qualitative and quantitative market -relevant information.
The process also serves the purpose of obtaining an overview and forecast for the asset management software market with respect to all segments pertaining to the region. Also, many key interviews were conducted with industry participants and commentators to validate the data and gain more analytical insights on the topic.
Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders. who specializes in the asset management software market.
Read the full report: https://www.reportlinker.com/p06232603/?utm_source=GNW
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