Software License Management Market Outlook 2022: Key Growth Factors and Opportunity Analysis by 2029

License management solutions safeguard an enterprise against license compliance audits by providing information on the actual data usage of the software. This process permits enterprises to overcome potential threats and controls unnecessary expenses from software vendors. These solutions also increase the operational transparency to prevent litigation costs associated with software misuse.

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Increase in audit activities and license compliance audits, and rise in need to reduce piracy issues drive the global software license management market. However, management of multiple licensing models and lack of internal cross-functional collaboration impede the market growth. Rise of cloud governance offers a major opportunity for market expansion.

The global software license management market is segmented on the basis of form factor, deployment model, and region. Based on form factor, it is bifurcated into hardware-based enforcement and software-based enforcement. The deployment models included in the report are cloud and on-premises models. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global software license management market is dominated by key players such as Flexera, Reprise Software, Gemalto NV, Snow Software, IMB Corporation, WIBU-SYSTEMS USA Inc., Agilis Management, Inc., Inish Technology Ventures Ltd., License4J, and Persistent Security, LLC.

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