Research Nester’s recent market research analysis on “Software License Management Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global software license management market in terms of market segmentation by deployment type, end-user and by region.

Advancement in Technology & Remote workforce and Mobile Devices to Promote Global Market Share of Software License Management

Technological advancements, such as the Internet of Things (IoT) accounting for 75 % of devices in the market, artificial intelligence potentially increasing global GDP by 14 %, and machine learning, have led to the development of more sophisticated software applications. This complexity necessitates advanced license management solutions to handle intricate licensing models and ensure compliance

Also,with approximately 12.7 % of full-time employees opting for remote work the use of mobile devices has increased the need for flexible licensing solutions that can accommodate different devices and user locations. Software license management solutions that can handle remote access and usage have gained importance.

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Some of the major growth factors and challenges that are associated with the growth of the global software license management market are:

Proliferation of software applications
Cost optimization & Reduction
Challenges:

A stringent regulatory environment, changing work patterns, and maintaining compliance with software licenses are some of the major factors anticipated to hamper the global market size of software.

By deployment type, the global software license management market is divided into cloud-based and on-premises. Out of the two Cloud-based is anticipated to hold a significant market share, accounting for 57% of the market share. According to a study, it has been estimated that the market for cloud-based subscription software will amount to USD 482 billion by 2022, with almost half of the surveyed companies listed as SaaS priority.

By region, North America is estimated to have a dominant share by 2035, accounting for 35 % of the market share.Software vendors in North America actively conduct software audits to ensure license compliance. This drives the need for comprehensive license management solutions that can accurately track and report software usage.The presence of numerous large enterprises estimated to be 39,792, as well as a thriving small and medium-sized business sector. According to the figures, there were 33.2 million small businesses in North America with a combined share of over 99.9 % of US companies. that contribute to the demand for software license management solutions to manage diverse software deployments.

Also, The Asia Pacific region is expected to witness substantial growth in the SLM market. Rapid economic growth is projected to grow at 4.8 % in 2023. Increasing software adoption and a favorable regulatory environment drive the demand for SLM solutions in countries like China, India, and South Korea.

This report also provides the existing competitive scenario of some of the key players of the global software license management marketwhich includes company profiling of Snow Software, Microsoft, Oracle, Ivanti, Reprise Software, Quest Software Inc., ASPERA technology s.r.o., ServiceNow, Inc., Broadcom.and others.

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