In 2022, the market for software licence management produced $2,200 million. According to projections, the SLM market would reach US$ 6,004 million by 2033, expanding at a CAGR of 14.6% from 2023 to 2033.
Software licencing management solutions are used by companies of all sizes in the twenty-first century, from tiny start-ups to massive international conglomerates, to monitor and improve their software usage rules. Using an SLM system to automate time-consuming, manual activities guarantees that businesses properly abide by their EULAs, reduces human error, and automates these tasks.
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Companies may make sure that their licence agreements are followed and met by managing software licences. Large enterprises are increasingly using a variety of software programmes.
The software license management (SLM) market refers to the industry that provides solutions for managing and optimizing software licenses across an organization. SLM solutions enable companies to ensure compliance with software licensing agreements, reduce costs associated with over-licensing or under-licensing, and optimize software usage and allocation.
The market is driven by various factors, including the increasing adoption of software as a service (SaaS) and cloud-based technologies, the growing complexity of software licensing agreements, and the need for efficient and effective software asset management. The demand for SLM solutions is also driven by the increasing focus on cost optimization and risk management across organizations.
The SLM market is expected to grow in the coming years, driven by factors such as the increasing adoption of cloud-based SLM solutions, the growing demand for integrated software asset management solutions, and the need for real-time visibility and control over software usage and licensing. The market is also expected to benefit from increasing investments in research and development to improve the accuracy and efficiency of SLM solutions, as well as the development of new applications and use cases in various industries, such as healthcare, finance, and government.
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Software License Management (SLM) Market: – Key Players
Key players in the SLM market are focusing on product innovation and strategic partnerships with the technology vendors to collaborate for offering advanced SLM software and services to effectively manage the software licensing. The major players offering SLM solutions includes
- ManageEngine
- Gemalto
- IBM Corporation
- Oracle
- Flexera Software
- PwC
- Aspera Technologies
- Cherwell Software
- DXC Technology
- Quest Software
- Snow Software
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global SLM market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with SLM market attractiveness as per segments.
Regional analysis includes
- North America (USA, Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, UK, Spain, France, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, & South Korea)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia Pacific)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
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