Software Asset Management Market Analysis By Growth, Emerging Trends and Future Opportunities

SDKI Inc. published a new research report on "Software Asset Management Market-Global Forecast 2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109517

The software asset management market is estimated to grow from a market value of US $ 2.32 billion in 2022 to US $ 6.10 billion by 2030, with a CAGR of 14.8% during the forecast period.

The growing need to manage asset lifecycles and compliance responses is expected to drive the growth of the software asset management market. In today's increasingly dynamic IT environment, the ability to effectively access, manage, and protect both software and hardware assets is more important than ever. Software asset management practices enable IT organizations to compare current and future costs of their assets, predictively increase IT operational productivity, and enhance cybersecurity. The technologies currently underway in the software asset management market are virtualization and cloud solutions, providing a variety of growth opportunities for the market. However, lack of awareness of software asset management solutions and services among small and medium-sized enterprises (SMEs), and budget constraints, can curb market growth.

Market Segments

The software asset management market is by solution (license management, audit and compliance management, software detection, optimization, and measurement), service, deployment type (on-premises, cloud), and organizational size (small and medium-sized enterprises, large enterprises). ), By industry (banking, financial services, insurance (BFSI), IT and telecom, manufacturing, retail and consumer goods, government, healthcare and life sciences, education, media and entertainment, etc.), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the solution, the software discovery, optimization, and measurement segments are expected to maintain the largest market size during the forecast period.

Software detection, measurement, and optimization solutions help organizations analyze, track, and maintain ever-changing software asset requirements. With the help of these solutions, organizations can improve software efficiency, maintain continuous records of software usage, identify unused licensed software, and view task history for usage trend analysis. I can. With these benefits, organizations are adopting discovery, optimization, and measurement solutions to ensure compliance, reduce downtime, and make effective business decisions about future software spending.

Regional Overview

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is expected to become a major region of the software asset management market due to the penetration of several companies within the region. Due to factors such as huge market potential and increased customer spending capacity, organizations in the region are expanding their reach and relying on different software providers to operate. In addition, with increasing adoption of cloud and mobile technologies and a growing tendency to outsource some operations to professional companies, software asset management solutions are rapidly being adopted in Asian countries such as India, China and Australia. This factor is expected to drive market growth in the region.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key Players in the Market

The key players in the software asset management market are Aspera Technologies (US), BMC Software (US), CA Technologies (US), Certero (UK), Cherwell Software (US), Flexera (US). ), IBM (US), Ivanti (US), Micro Focus (UK), Microsoft (US), Flexible Software (US), ServiceNow (US), Snow Software (Sweden), Symantec (US) and more. The study includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the software asset management market.

Details of the survey report
https://www.sdki.jp/reports/software-asset-management-market/109517

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SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.