Press release
Software Asset Management market size is projected to reach USD 2252.6 million by 2028, from USD 1243 million in 2021, at a CAGR of 8.4% - Valuates Reports
The global Software Asset Management market size is projected to reach USD 2252.6 million by 2028, from USD 1243 million in 2021, at a CAGR of 8.4% during 2022-2028.Get Sample Report - https://reports.valuates.com/request/sample/QYRE-Auto-21T2212/Global_Software_Asset_Management_Market_Size_Status_and_Forecast_2020_2026
Software Asset Management Market Trends
The software asset management market has benefited from the pandemic. The COVID-19 pandemic and the rise of remote work settings have made it more difficult for companies to operate. The COVID-19 epidemic has emphasized how important it is for businesses in all industries to adopt digital technologies, make use of software asset management services and solutions for license and cost optimization, and maximize the return on IT assets.
The growing need for the business to manage and optimize the selection, implementation, maintenance, use, and disposal of software applications is expected to fuel the growth of the Software Asset Management market. As businesses devote a significant percentage of their IT budgets to it, software management is becoming a more crucial component of business plans. Organizations are increasingly searching for software asset management solutions to manage and optimize IT assets in order to effectively navigate the quickly shifting landscape. Organizations acquire or pay for a variety of software licenses over time. It might be simpler to monitor in smaller businesses. Organizations have better platforms to optimize their software asset management strategies thanks to software asset management technologies. Lower time spent on job execution, lower IT expenditures with correct license management, improved levels of productivity, and more trust in IT processes are some of the main direct benefits of software asset management strategies.
The majority of businesses are spreading their computer resources among several settings as they adopt cloud-based models more frequently. Due to its advantages of flexibility, scalability, and low cost, cloud-based software asset management has grown in popularity. Additionally, it enables enterprises to collect data from diverse software assets and centrally evaluate data created from many locations, making data collection and analysis simple. Software asset management companies including Snow Software, IBM, and ServiceNow have introduced software asset management Software-as-a-Service (SaaS) products in response to the shift to the cloud in order to meet global demand for SaaS. This in turn is expected to create a lucrative growth opportunity in the Software Asset Management market.
Software Asset Management Market Insights
Based on type, The cloud segment is expected to be the most lucrative during the forecast period. This is a result of the fast adoption of the cloud for digital transformation by enterprises in diverse countries.
Based on application, The fastest-growing segment of the global software asset management market is healthcare & life science. adoption of cutting-edge products and services in the market for software asset management. Healthcare facilities such as hospitals and clinics can track, manage, and track their software assets with the help of software asset management solutions. Healthcare facilities that use software asset management programs for managing medical device operations adhere to governing body regulations.
Due to a greater need to increase licensing prices and optimize audits to satisfy compliance standards throughout the course of the anticipated term, North America has the section of the global software asset management market with the greatest growth rate.
Software Asset Management Market Scope and Market Size
Software Asset Management market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Software Asset Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Software Asset Management Market By Type
On-premises
Cloud
Software Asset Management Market By Application
Banking, Financial Services, and Insurance
IT and Telecom
Manufacturing
Retail and Consumer Goods
Government
Healthcare and Life Sciences
Education
Media and Entertainment
Others
By Company
Snow Software
Flexera
BMC Software
Ivanti
Certero
Servicenow
Aspera Technologies
Cherwell Software
Scalable Software
Broadcom
Symantec
IBM
Micro Focus
Microsoft
Get Detailed Report - https://reports.valuates.com/market-reports/QYRE-Auto-21T2212/global-software-asset-management
Similar Reports -
Digital Asset Management Software Market - https://reports.valuates.com/market-reports/QYRE-Auto-31F3974/global-digital-asset-management-software
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Software Asset Management market size is projected to reach USD 2252.6 million by 2028, from USD 1243 million in 2021, at a CAGR of 8.4% - Valuates Reports here
News-ID: 3015162 • Views: …
More Releases from Valuates Reports
DUV Lithography Machine Market Share Driven by Semiconductor Advancements and Ch …
DUV Lithography Machine Market Size
The global market for DUV Lithography Machine was valued at US$ 15440 million in the year 2024 and is projected to reach a revised size of US$ 22840 million by 2031, growing at a CAGR of 5.8% during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-10P7860/Global_DUV_Lithography_Machine_Market_Insights_and_Forecast_to_2028
The DUV lithography machine market is expanding rapidly as the global semiconductor industry pushes toward higher performance and advanced manufacturing. Market growth is being…
FTTx Junction Box Market Share Driven by Fiber Network Expansion and Rising Conn …
FTTx Junction Box Market
The global market for FTTx Junction Box was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-30Z12110/Global_FTTx_Junction_Box_Market_Research_Report_2022
The FTTx junction box market is witnessing strong growth as global demand for high-speed internet and reliable digital infrastructure continues to rise. Market trends highlight significant investments in…
Virtual Reality (VR) and Augmented Reality (AR) Microdisplay Market Share Driven …
Virtual Reality (VR) and Augmented Reality (AR) Microdisplay Market
The global market for Virtual Reality (VR) and Augmented Reality (AR) Microdisplay was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-0L12932/Global_Virtual_Reality_VR_and_Augmented_Reality_AR_Microdisplay_Market_Research_Report_2022
The virtual reality (VR) and augmented reality (AR) microdisplay market is gaining significant momentum as immersive technologies transform…
NCA Battery Market Share Driven by Rising Demand for Electric Mobility and Energ …
NCA Battery (Lithium Nickel Cobalt Aluminum Oxide Battery) Market
Lithium nickel cobalt aluminum oxide batteries are also called NCA batteries, and are becoming increasingly important in electric powertrains and in grid storage. NCA batteries are not common in the consumer industry, but are promising for the automotive industry. NCA batteries provide a high-energy option with a good lifespan, but they are not as safe as they could be and are quite…
More Releases for Software
Takeoff Software Market May See a Big Move | Sage Software, Bluebeam Software, Q …
Latest Study on Industrial Growth of Takeoff Software Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Takeoff Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments…
Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452…
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market Analysis by Top Key Players – Zenefits Software, Kronos Sof …
HR software helps HR personnel automate many necessary tasks, such as maintaining employee records, time tracking, and benefits, which allows HR professionals to focus on recruiting efforts, employee performance and engagement, corporate wellness, company culture, and so on. These human management tools can be purchased and implemented as on premise or cloud-based software.
This market studies report on the Global HR Software Market is an all-inclusive study of the enterprise sectors…