Future Strategies, acquisitions & mergers in Software License Management Market

Software license management is the process that ensures that legal agreements that come with procured software licenses are adhered to. Software tools, and processes used by an organization to monitor, regulate, and document the company's software products, in order to enforce and ensure compliance with software licenses is software license management.

Software license management solutions helps in ensuring strict compliance of licensing terms that are provided with the purchased software license. It helps company buy, and manage only the software they need, reducing compliance and security risk.

Management of multiple licensing models and lack of internal cross-functional collaboration impedes growth of the global software license management market over the forecast period. Among all the regions, Europe market is estimated to account for US$ 154.7 Mn in 2017, and is projected to continue its dominance over the forecast period.

Vendor audits from Microsoft, Adobe, Oracle, and SAP, and If companies are found to be non-compliant they can be made to pay hefty fines and legal fees. Moreover, counterfeiting is a rising problem for both publishers, and their customers.

This is likely to create downward pricing pressure for all vendors, which may increase the customer base, but it will restrain revenue growth rates of the global software license management market over the forecast period.

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Among all the application segments, embedded segment is expected to register highest CAGR of 10.4%, owing to increasing adoption of embedded software and intelligent devices in telecommunications, industrial automation, healthcare, and robotics industries.

Europe market is expected to dominate the global software license management market, and is expected to account for largest market revenue share of US$ 203.9 Mn in 2020, as compared to that of markets in other regions. Dominance by Europe market is expected to continue over the forecast period.

Asia Pacific is also expected to register significant growth in the global software license management market, and is likely to grow at a CAGR of over 10%, since countries like China and India are less mature in enforcing IP rights, and more prone to under-licensing.

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