1. Market Research
  2. > ICT
  3. > Software Market Trends
License Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

License Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • March 2022
  • 120 pages
  • ID: 6249298
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The global license management market (henceforth referred to as the market studied) was valued at USD 977 million in 2021, and it is projected to reach USD 1,723.6 million by 2027, registering a CAGR of 10.07% during 2022-2027 (henceforth, referred to as the forecast period).

Key Highlights
There has been a continuous shift toward managing IT services and their applications for short- and long-term strategic decisions. Enterprises are investing heavily in their IT infrastructure to replace their existing legacy systems, depending on the features and capabilities. The competitive upgrades and replacements could profoundly impact change on the broader market share in the future.
With so many new technologies emerging almost every day, it is essential for large and small organizations to understand what software is being used. Managing software licenses has always been a challenge, and in today’s technologically advanced world, it has become increasingly difficult. However, saving money by avoiding duplicate software licenses, over-licensing, and over-or under-spending should be at the top of every organization’s list.
Digital technologies are being adopted across various manufacturing industries due to the rapidly evolving capabilities of the software used, further boosting the market’s growth.
As more companies are increasingly moving to cloud computing and embracing digital at every turn, optimization is an essential part of this growing trend.
The profit margins across organizations are continuously declining, owing to increased competition and rapidly changing technologies. As such, various enterprises are increasingly getting focused on saving operational costs. License management software is one of the ways to reduce cost, as organizations are on the lookout to optimize software usage and avoid any loss due to license non-compliance. License management enables companies to control all agreements, contracts, license entitlements, and software inventory from a centralized location.
The Business Software Alliance (BSA) is a global industry organization whose mission is to advocate for legal software usage and enforce compliance among businesses. To fulfill this duty, the BSA regularly performs court-ordered audits at organizations to ensure they are compliant with all software licenses, whether small mom-and-pop shops, massive enterprises, academic institutions, or government agencies.
The outbreak of COVID-19 across the globe has significantly disrupted the supply chain. Moreover, it has exerted significant pressure on enterprises, whether large or small, due to the worldwide lockdown restrictions, which have forced employees at large-scale to work from home. This has prompted organizations worldwide to adopt several digitalization technologies to collaborate remote working while optimizing productivity. However, large-scale remote working and the sudden wave of digitalization poses several challenges and threats to IT teams across these enterprises.

Key Market Trends

Healthcare Segment to Drive the Market Growth

Healthcare and life sciences are amongst the fastest-growing verticals with respect to the adoption of advanced technologies and services in terms of the license management market. It is, in fact, a highly regulated one. License management solutions can help healthcare organizations, clinics, and hospitals in tracking, monitoring, and managing their licenses and other software assets to improve efficiency.
Healthcare institutions using these solutions for operational activities and management of medical devices have to adhere to regulations as per the laws of governing bodies. In recent years, the focus on the healthcare and life sciences industry vertical has been increasing across the regions.
The risk associated with selecting and managing the appropriate software is of utmost importance to this industry vertical. The strict laws governing the healthcare and life sciences industry vertical encourage the healthcare companies to adopt effective license management solutions and associated services.
Fulfilling the licensing requirements of the healthcare and life sciences industry is fundamental to keeping the business operating in a state. Having updated licenses will allow the organization to enter new markets, open new facilities, hire staff, and obtain financing.
On the other hand, license violations may lead to state-imposed penalties or delinquencies, preventing the business from growing. License Management solutions save organizations from all such violations. It enables management, monitoring, and track all types of licenses and permits effortlessly and efficiently.
Many vendors offer license management solutions in an intuitive dashboard and interface, so the staff requires minimal technical training to use it regularly. These solutions also provide timely notifications that keep the authorities informed about due renewals.

North America to Hold Significant Market Share

Most of the top suppliers in the License Management Software market are headquartered in the United States – Agilis Software, IBM, Micro Focus, Oracle, to name a few. The region is one of the highest revenue-generating ones, as the constituent nations, including the United States and Canada, are largely focusing on technological innovations.
For many years, especially in 2014, the region saw exponential growth in new product offerings by global vendors. For instance, Chronicle Graphics released its new License Management System. This new enterprise-level platform provided a fast and efficient way for OnePager Pro and Express software users to request and activate their license keys automatically over the Internet. The company has licensed its technology to Fortune 500 companies spanning multiple industries and numerous government agencies and is a Microsoft Certified Partner.
Around the same time, Aspera Technologies announced significant business growth in the United States market. Now the company works with leaders in the petroleum, telecommunications, and insurance industries in the United States.
Moreover, in 2021, after listening to its 55,000+ user base, MyMediabox has launched a range of additions to its licensing management software to offer users new productivity tools to aid the licensing process. The Mediabox-GD (Global Dashboard) is enhanced with graphically oriented key performance indicators (KPIs), business intelligence trends, and seamless access to all Mediabox services for licensors keeping track of countless partnerships and consumer products.
Site24x7 surveyed 613 IT professionals across various topics, organization sizes, and geographies in their State of IT Management Survey Report 2020 – 2021. In North America, 41% of respondents use internal software to maintain the organization’s various software licenses, followed by third-party license management software.
Over four years, a report on the cost of unused software collected data from 3.6 million users at 129 companies in the United States and the United Kingdom. Researchers found that 37 % of all installed software was not being used, amounting to USD 259 per desktop and over USD 37 billion in total wasted IT spend.

Competitive Landscape

The market has high competitive rivalry and is fragmented. The companies in the market are engaging in partnerships with other companies to develop and launch advanced solutions in the market. As such, huge investments are being witnessed in the market which is increasing the competition. Additionally, to sustain in the market and retain their clients, companies are developing advanced technologies to play on the competitive edge, thereby intensifying the competitive rivalry in the market.

March 2022 - GEFA BANK, a financing partner for German SMEs and subsidiary of Société Générale, has selected DXC Technology for a digital transformation project. With the "G-Rocket” program, GEFA BANK and DXC Technology will migrate the bank’s mission-critical applications and data from its existing data center to Microsoft’s Azure cloud platform. With the move to the Azure cloud, GEFA BANK and DXC will systematically deploy the bank’s application landscape to cloud-native services such as Azure Kubernetes Service (AKS).
January 2022- Miro Consulting has released the 2022 version of its Oracle Licensing Guide. Miro Consulting is the leading global provider of software asset management services (SAM), specializing in license management, audit advisory, negotiation tactics, support management, and cloud services for Oracle, Microsoft, IBM, Salesforce, and AWS.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Password Policy Enforcement Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Enterprise Size

  • $ 4550
  • April 2022
  • 129 pages

The password policy enforcement software market was valued at US$ 212.31 million in 2021 and is projected to reach US$ 426.46 million by 2028. It is expected to grow at a CAGR of 10.5% from 2021 to 20 ...

  • World
  • Europe
  • Software
  • IT Services
  • Industry analysis
  • Software Revenue
  • Internet Penetration

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on