Software Asset Management Market By Component, By Deployment, By Organization Size, By Vertical, By Geographic Scope And Forecast To 2026

Global Software Asset Management Market Analysis

According to Verified Market Research, the global software asset management market was valued at USD 1.28 Billion in 2018 and is projected to reach USD 3.83 Billion by 2026, growing at a CAGR of 14.7% from 2019 to 2026.

What is software asset management?

Software asset management also abbreviated as (SAM) is a business practice that involves managing and optimizing the purchase, deployment, maintenance, utilization, and disposal of software applications within an organization. Its focus is to reduce information technology (IT) costs and limit business and legal risk related to the ownership and use of software while maximizing IT responsiveness and end-user productivity. It brings together people, processes, and technology to control and optimize the use of software in the organization.

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Global Software Asset Management Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The software asset management market is expected to grow significantly in the coming years due to an increasing need for managing the lifecycle of assets. It is driven by the increasing number of audits in an organization, the complex nature of the licensing schemes, high expenditure on the licenses and over compliance. The ongoing technologies in the software assets management market are virtualization and cloud solutions which are resulting in various growth opportunities for the market. However, the market faces certain challenges as the software licensing is complex, budget constraints, lack of awareness and a low order of importance for the adoption of software asset management solutions and services.

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Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Software Asset Management Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Software Asset Management Market Competitive Landscape

The “Global Software Asset Management Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Aspera Technologies (US), BMC Software (US), CA Technologies (US), Microsoft (US), Symantec (US), Certero (UK), Cherwell Software (US), Flexera (US), IBM (US), and Ivanti (US) . Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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