Software Asset Management Market

Software Asset Management Market Insights

The global software asset management market is anticipated to grow significantly over the forecast period. Software asset management provides efficient asset tracking & management, enhanced risk management, and lower operational cost.

Software asset management reduces risk of security breaches and thus maintains efficient asset management in any enterprise. The implementation of asset management software enables smooth management of investment in software assets, protection from over use of licenses and anti-piracy litigation.

However, some of the companies are facing issues in maintaining the cost of installed software due to inability of tracking software licenses. Factors such as complex licensing agreements and inefficient deployment process are anticipated to hinder the market growth over the forecast period.

Software Asset Management Market: Deployment Type Insights

The global software asset management market is divided into cloud-based, on-premise, based on deployment type. Cloud based solutions accounted for a significant share in 2016 and is anticipated to continue its dominance over the forecast period.

Software Asset Management Market: Organization Size Insights

The global software asset management market is segmented into SME and large enterprise, based on organization size. Software asset management is widely used in large enterprises for maintaining and eliminating risks associated with IT compliance and licensing management. The demand for software asset management in small and medium enterprises is also likely to increase over the forecast period.

Software Asset Management Market: Application/ Technology Tools Insights

Based on application, the software asset management market is divided into audit management, vendor management, and software compliance. Audit management segment is anticipated to grow at a lucrative rate over the coming years followed by software compliance.

The global software asset management market, by technology tools, is segregated into application control tools, software deployment tools, software inventory tools, software metering tools, patch management tools, request management tools, product catalog tools, and license manager solutions.

Software Asset Management Market: Vertical Insights

Software Asset management is widely used across various industry verticals including government, healthcare, transportation, manufacturing, and oil & gas, energy & utilities among others. Among these, IT and telecommunication segment accounted for significant share in 2016. Energy & Utilities sector is likely to grow at a high CAGR over the forecast period.

Software Asset Management Market: Regional Insights

North America accounted for majority share of global software asset management market in 2016. The regional growth is attributed to growing IT industry coupled with rising awareness associated with the application of software asset management. The regional market is also likely to maintain its lead over the coming years due to favorable government regulation and stringent government policies prevailing in the region.

Asia Pacific is also projected to grow at a substantial rate due to immense growth opportunities in SMEs particularly in countries such as India, China, and South Korea

Software Asset Management Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase software asset management over the coming years. Some leading consumers of this market are Mitsui, AT&T Inc., and Cardinal Health among others.

Software Asset Management Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Software Asset Management Market Share & Competitor Analysis

Some of the leading players profiled in the report include IBM Corporation, Microsoft Corporation, HP Inc., Flexera Software LLC, LANDesk International Ltd, Matrix42, Aspera GmbH, 1E Ltd., Eracent Inc., Centrix Software Ltd., Cherwell Software, LLC and Snow Software AB.

Please note: This is not an exhaustive list of companies profiled in the report.