Software Asset Management Industry to Partake Significant Development during 2031

Global Software Asset Management Market report from Global Insight Services is the single authoritative source of intelligence on Software Asset Management Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Software asset management (SAM) is a set of business practices that combines software licensing, deployment, tracking, and maintenance to optimize the value and minimize the risk of software assets within an organization. SAM can help organizations save money, reduce software vulnerabilities, and improve compliance with licensing terms and conditions.

An effective SAM program starts with an inventory of the organization's software assets. This inventory should include all software installed on computers within the organization, as well as any software purchased or leased from third-party vendors. The inventory should be updated regularly to ensure that it remains accurate.

SAM can be a complex undertaking, but there are a number of tools and services available to help organizations manage their software assets. These tools can automate many of the tasks associated with SAM, including inventorying software, tracking license keys, and monitoring software usage.

Key Trends

The key trends in Software Asset Management technology are:

The move to cloud-based solutions: As more and more businesses move to the cloud, software asset management solutions are also moving to the cloud. This allows businesses to manage their software assets more effectively and efficiently.

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The use of artificial intelligence: Artificial intelligence is being used more and more in software asset management solutions. This allows businesses to automate tasks and make better decisions about their software assets.
The rise of mobile devices: With the rise of mobile devices, businesses are now able to manage their software assets from anywhere. This gives businesses more flexibility and allows them to be more efficient in their asset management.
The need for compliance: With the increase in regulations, businesses need to ensure that their software asset management solutions are compliant. This helps businesses avoid fines and penalties.

Key Drivers

The key drivers of the software asset management market are the need to optimize software spending, the need to improve software license compliance, and the need to reduce software piracy.

Organizations are under pressure to optimize their spending on software, and software asset management is seen as a way to help them do this. In particular, organizations want to avoid overspending on software licenses, and they want to be sure that they are using all the licenses they have purchased.

Compliance is another key driver of the software asset management market. Organizations want to be sure that they are compliant with the licenses they have purchased, and they want to avoid the risks associated with non-compliance.

Finally, reducing software piracy is another key driver of the software asset management market. Organizations want to avoid the legal and financial risks associated with using pirated software, and they want to ensure that they are getting the full value of their software investments.

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Key Market Segments

The software asset management market report is bifurcated on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of component, it is segmented into solutions and services. Based on deployment mode, it is analyzed across on-premises and cloud. By organization size it is categorized into large enterprises and small & medium enterprises. By industry vertical, it is divided into BFSI, IT, telecom, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Market Players

The software asset management market report includes players such as Certero, Aspera Technologies, BMC Software, Symantec, Ivanti, Cherwell Software, CA Technologies Flexera, IBM, Microsoft, and Lansweeper.

Key Market Segments

The software asset management market report is bifurcated on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of component, it is segmented into solutions and services. Based on deployment mode, it is analyzed across on-premises and cloud. By organization size it is categorized into large enterprises and small & medium enterprises. By industry vertical, it is divided into BFSI, IT, telecom, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Market Players

The software asset management market report includes players such as Certero, Aspera Technologies, BMC Software, Symantec, Ivanti, Cherwell Software, CA Technologies Flexera, IBM, Microsoft, and Lansweeper.

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