License Management Market - Forecast(2024 - 2030)

Report Code: ITR 17753 Report Format: PDF + Excel

License Management Market Report Overview

The market for License Management Market size is forecast to reach $1205 billion by 2027, growing at a CAGR of 8.56% from 2022 to 2027. The License Management Market is estimated to witness substantial growth over the forecast period 2022 to 2027. The Growing demand for effective and efficient license management software is expanding across all small large and medium scale enterprises. License management is a software management tool used by managers or vendors to manage and document as to where and how the company’s software products are able to run so as to ensure compliance with end-user license agreements. It helps to prevent the developer’s software from being copied, shared or otherwise illegally used by non-licensed users. Software asset management tools automate many of the tasks required to maintain compliance with software licenses, thereby controlling software spending. They facilitate the in-depth analysis of software assets by decoding software license entitlements, automating the collection of software consumption data. The Internet of Things device OEM licenses the device to the user with the software attached to the device as a complete product and passes through specific Windows terms in their own Internet of Things OEM agreements. The use of artificial intelligence continues to increase in many industries and within various technologies as innovative organizations use AI to realize competitive advantages. However, AI licensing presents unique issues and considerations that organizations should address before implementing an AI solution. There is increasing investment in IT infrastructure development, rapid adoption of digitalization by many businesses, technological advancement in cloud, growing demand for license management industry outlook in the forecast period 2022-2027.

Report Coverage

The report: “License Management Industry Market– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the License Management Market.

By Component - Software, Services.
By Application – Audit Services, Advisory Services, Compliance Management, License Entitlement and Optimization, Operations and Analytics and Others.
By Deployment – On-Premises, Cloud.
By Vertical - Information Technology, BFSI, Telecom, Manufacturing, Healthcare, Media and Entertainment and Others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

Key Takeaways

  • The cloud segment in the license management market segmented by deployment is expected to grow with a higher CAGR of 18% in the forecast period 2022 to 2027. As it offers new and more efficient ways of organizing, managing, and drawing insights from software and data.
  • North-America is projected to hold the largest share of License Management Market during the forecast period due to presence of developed economies like United States, Canada and due to the focus on innovations on innovations obtained from research and development and technologies.
  • License Management provides transparency and practicing license management gives companies a clear view of all of the licenses being used across teams as well as how each particular software has been set up for use.
  • Increasing investment in IT infrastructure development, rapid adoption of digitalization by many businesses, technological advancement in cloud, and growing demand for license management market.

License Management Market Share Outlook, By Geography, 2021 (%)

License Management Market Share Outlook

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License Management Market Segment Analysis – By Deployment

The market segment by deployment into on-premises and cloud. The cloud segment is expected to grow at a higher CAGR of 18% during the forecast period 2022-2027. In 2021, the cloud market was valued at 119.13 billion USD and is predicted to increase to 448.34 billion USD by 2027. It is due to cloud which enables new and more efficient ways of organizing, managing, and drawing insights from software and data. Cloud based named user deployment offers a simple and predictable access model that fits into broader software license optimization strategy. It helps shift to more systematic license management to maximize software benefits and support the identification of cost saving opportunities. It helps faster access to the tools and improves ability to adopt innovation.

License Management Market Segment Analysis – By Industry Vertical

The market segment by industry vertical into Information Technology, BFSI, Telecom, Manufacturing, Healthcare, Media and Entertainment and Others. The information technology is the leading segment and is expected to grow at a CAGR of 25% during the forecast period 2022-2027. License management in IT industry standardizes the procurement process, provides transparency, keeps the business in compliant and helps identify the unnecessary spending. License management In IT through log importation can cut down costs as much as 30%. Practicing license management gives companies a clear view of all the licenses being used across teams as well as how each particular software has been set up for use. When it comes time for a software audit, the information needed to assess risk and remain compliant will already be available.

License Management Market Segment Analysis – By Geography

License Management Market by geography has been segmented into North America, Europe, APAC, South-America and RoW. North-America is expected to dominate the License Management Market in the forecast period 2022 to 2027 due to presence of developed economies like United States, Canada and due to the focus on innovations on innovations obtained from research and development and technologies. Technological changes such as the rapid increase in cloud computing and the virtualization of software are at the root cause of an increase in software licensing disputes. For Instance, SAP has settled the software licensing dispute with Anheuser-Busch, the U.S. subsidiary of beverage conglomerate AB InBev as it has breached its software license agreement by directly and indirectly accessing SAP systems and data without appropriate licenses, and of underpaying license fees due. In 2019, Oracle has changed its license so that Oracle JDK is free to individuals for use, development, testing, prototyping, and demonstrations, but requires a commercial license to avoid the GPLv2+CE license. This has fueled the quick adoption of the software licensing solutions in this region.

License Management Market Drivers

Growing adoption of license management in Banking, Financial Services and Insurance is analysed to drive the license management market growth over the forecast period:

License management software is highly being adopted by banking, financial services and insurance sector which demand an IT infrastructure that is available and meets rigorous internal and external service level requirements. As the segment majorly deals with end customers, who contribute to companies’ revenue, an enterprise needs to ensure that the end-user applications and business services are in compliance with the guidelines provided by the financial institutions and thus offer better security to their customers. BFSI sector is experiencing 300 times more cyber-attacks than other institutions. It requires hypervigilant security software which continuously updates the counterfeit any security breach. For instance, in 2019, Mastercard reported over 460,000 intrusion attempts each day, which has increased by 70% compared to the year prior. Such factors from banking, financial services and insurance sector are driving the market growth of license management market.

The application of license management improves all-round organizational efficiency and performance throughout organizations

License management is of high importance to organisations, as it helps with cost management, swiftness and more. License management software gradually multiplies throughout organisations from small start-ups to big enterprises; license management is increasingly crucial and complex. Also, by abiding to the correct license management practices, an organisation can quickly fit into market requirements and increase the company profits. License management rapidly delivers affordable and automated transparency into the enterprise software assets, usage, licenses and contracts where one can understand what software is used by whom. In 2019, DXC Technology opened a new digital transformation center in Louisiana, US. The new center would focus on development, delivery, and ongoing support for services and solutions, including applications, cloud computing, cybersecurity, data analytics, and intelligent automation.

License Management Market Challenges

License Metrics & License Restrictions issued by software companies is hampering the market growth of license management market

licensing metric is a formula that is used to calculate the customer’s usage of the software. The perfect licensing metric should be fair, simple, scalable, and measurable. Unfortunately, the metrics issued by most software companies are the complete opposite. They are often complex, volatile, unfair, and hard to calculate. For Instance, the authorized user metric is relatively simple and easy to understand. However, IBM applied time restrictions to create the Concurrent User metric. Also, combined with the metric per install, they created the Floating User metric. If that wasn’t enough, they applied another restriction – on sessions opened – to create the FUSSI (Floating User Single Session Single Install) metric. All these changes made the metrics very complex for the normal consumer to understand and keep up with.

License Management Industry Outlook

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the License Management Market. The License Management top 10 companies include:

  1. Aspera Technologies
  2. Cherwell Software
  3. DXC Technology
  4. Flexera Software
  5. Gemalto
  6. IBM
  7. Oracle
  8. Quest Software
  9. ServiceNow
  10. Snow Software

Acquisitions/Technology Launches/Partnerships

  • In Feb 2020, Aspera, a global provider of solutions and services for Software Asset Management has signed an agreement with the global SaaS technology provider to use Aspera SmartTrack. The Customer will use Aspera solutions to facilitate an automated license management strategy that ensures compliance for significant software vendors Microsoft, Autodesk, and VMware.
  • In Feb 2020, Flexera, one of the leaders in software installation, open-source software scanning, and software monetization, has acquired Revulytics, a recognized leader in software usage analytics. Through the acquisition, the company will be expanding its offering to provide software and technology companies with even more insights and enables their product teams to make better, data-driven decisions and gives compliance teams the actionable data they need to generate revenue from unlicensed use.
  • In April 2019, DXC Technology opened a new digital transformation center in Louisiana, US. The new center would focus on development, delivery, and ongoing support for services and solutions, including applications, cloud computing, cybersecurity, data analytics, and intelligent automation.

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1. License Management Market Overview
    1.1 Definitions and Scope
2. License Management Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Technology
    2.3 Key trends segmented by Geography
3. License Management Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings for Key Companies)
4. License Management Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. License Management Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. License Management Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. License Management Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. License Management Market – By Component (Market Size -$Million/Billion)
    8.1 Software
    8.2 Services
9. License Management Market – By Application (Market Size -$Million/Billion)
    9.1 Audit Services
    9.2 Advisory Services
    9.3 Compliance Management
    9.4 License Entitlement and Optimization
    9.5 Operations and Analytics
    9.6 Others
10. License Management Market – By Deployment (Market Size -$Million/Billion)
    10.1 On-Premise
    10.2 Cloud
11. License Management Market – By Industry Vertical (Market Size -$Million/Billion)
    11.1 IT
    11.2 BFSI
    11.3 Telecom
    11.4 Manufacturing
    11.5 Healthcare
    11.6 Media and Entertainment
    11.7 Others
12. License Management Market - By Geography (Market Size -$Million/Billion)
    12.1 Europe
        12.1.1 Germany
        12.1.2 France
        12.1.3 Italy
        12.1.4 Spain
        12.1.5 Netherlands
        12.1.6 Russia
        12.1.7 UK
        12.1.8 Others
    12.2 North America
        12.2.1 U.S
        12.2.2 Canada
        12.2.3 Mexico
    12.3 South America
        12.3.1 Brazil
        12.3.2 Argentina
        12.3.3 Chile
        12.3.4 Colombia
        12.3.5 Others
    12.4 APAC
        12.4.1 China
        12.4.2 Japan
        12.4.3 South Korea
        12.4.4 India
        12.4.5 Australia
        12.4.6 Indonesia
        12.4.7 Malaysia
        12.4.8 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. License Management Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. License Management Market – Industry Competition Landscape (Premium)
    14.1 Market Share Global
    14.2 Market Share by Region
    14.3 Market Share By Aircraft Type
    14.4 Market Share by Country
    14.5 Competition Matrix
15. License Management Market – Key Company List by Country Premium (Premium)
16. License Management Market - Company Analysis
    16.1 Aspera Technologies
    16.2 Cherwell Software
    16.3 DXC Technology
    16.4 Flexera Software
    16.5 Gemalto
    16.6 IBM
    16.7 Oracle
    16.8 Quest Software
    16.9 Snow Software
    16.10 Reprise Software
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global License Management Market By Component Market 2023-2030 ($M)
1.1 Software Market 2023-2030 ($M) - Global Industry Research
1.2 Services Market 2023-2030 ($M) - Global Industry Research
1.2.1 Professional Services Market 2023-2030 ($M)
1.2.2 Managed Services Market 2023-2030 ($M)
2.Global License Management Market By Deployment Type Market 2023-2030 ($M)
2.1 On-Premises Market 2023-2030 ($M) - Global Industry Research
2.2 Cloud Market 2023-2030 ($M) - Global Industry Research
3.Global License Management Market By Organization Size Market 2023-2030 ($M)
3.1 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
3.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
4.Global License Management Market By Industry Vertical Market 2023-2030 ($M)
4.1 Information Technology Market 2023-2030 ($M) - Global Industry Research
4.2 Telecom Market 2023-2030 ($M) - Global Industry Research
4.3 Manufacturing Market 2023-2030 ($M) - Global Industry Research
4.4 Healthcare Market 2023-2030 ($M) - Global Industry Research
4.5 Media & Entertainment Market 2023-2030 ($M) - Global Industry Research
4.6 Retail & Consumer Goods Market 2023-2030 ($M) - Global Industry Research
5.Global License Management Market By Component Market 2023-2030 (Volume/Units)
5.1 Software Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
5.2.1 Professional Services Market 2023-2030 (Volume/Units)
5.2.2 Managed Services Market 2023-2030 (Volume/Units)
6.Global License Management Market By Deployment Type Market 2023-2030 (Volume/Units)
6.1 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global License Management Market By Organization Size Market 2023-2030 (Volume/Units)
7.1 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Small & Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global License Management Market By Industry Vertical Market 2023-2030 (Volume/Units)
8.1 Information Technology Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
8.4 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
8.5 Media & Entertainment Market 2023-2030 (Volume/Units) - Global Industry Research
8.6 Retail & Consumer Goods Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America License Management Market By Component Market 2023-2030 ($M)
9.1 Software Market 2023-2030 ($M) - Regional Industry Research
9.2 Services Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Professional Services Market 2023-2030 ($M)
9.2.2 Managed Services Market 2023-2030 ($M)
10.North America License Management Market By Deployment Type Market 2023-2030 ($M)
10.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
10.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
11.North America License Management Market By Organization Size Market 2023-2030 ($M)
11.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
11.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
12.North America License Management Market By Industry Vertical Market 2023-2030 ($M)
12.1 Information Technology Market 2023-2030 ($M) - Regional Industry Research
12.2 Telecom Market 2023-2030 ($M) - Regional Industry Research
12.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
12.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
12.5 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
12.6 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
13.South America License Management Market By Component Market 2023-2030 ($M)
13.1 Software Market 2023-2030 ($M) - Regional Industry Research
13.2 Services Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Professional Services Market 2023-2030 ($M)
13.2.2 Managed Services Market 2023-2030 ($M)
14.South America License Management Market By Deployment Type Market 2023-2030 ($M)
14.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
15.South America License Management Market By Organization Size Market 2023-2030 ($M)
15.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
16.South America License Management Market By Industry Vertical Market 2023-2030 ($M)
16.1 Information Technology Market 2023-2030 ($M) - Regional Industry Research
16.2 Telecom Market 2023-2030 ($M) - Regional Industry Research
16.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
16.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
16.5 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
16.6 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
17.Europe License Management Market By Component Market 2023-2030 ($M)
17.1 Software Market 2023-2030 ($M) - Regional Industry Research
17.2 Services Market 2023-2030 ($M) - Regional Industry Research
17.2.1 Professional Services Market 2023-2030 ($M)
17.2.2 Managed Services Market 2023-2030 ($M)
18.Europe License Management Market By Deployment Type Market 2023-2030 ($M)
18.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
18.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
19.Europe License Management Market By Organization Size Market 2023-2030 ($M)
19.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
20.Europe License Management Market By Industry Vertical Market 2023-2030 ($M)
20.1 Information Technology Market 2023-2030 ($M) - Regional Industry Research
20.2 Telecom Market 2023-2030 ($M) - Regional Industry Research
20.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
20.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
20.5 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
20.6 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
21.APAC License Management Market By Component Market 2023-2030 ($M)
21.1 Software Market 2023-2030 ($M) - Regional Industry Research
21.2 Services Market 2023-2030 ($M) - Regional Industry Research
21.2.1 Professional Services Market 2023-2030 ($M)
21.2.2 Managed Services Market 2023-2030 ($M)
22.APAC License Management Market By Deployment Type Market 2023-2030 ($M)
22.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
22.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
23.APAC License Management Market By Organization Size Market 2023-2030 ($M)
23.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
23.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.APAC License Management Market By Industry Vertical Market 2023-2030 ($M)
24.1 Information Technology Market 2023-2030 ($M) - Regional Industry Research
24.2 Telecom Market 2023-2030 ($M) - Regional Industry Research
24.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
24.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
24.5 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
24.6 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
25.MENA License Management Market By Component Market 2023-2030 ($M)
25.1 Software Market 2023-2030 ($M) - Regional Industry Research
25.2 Services Market 2023-2030 ($M) - Regional Industry Research
25.2.1 Professional Services Market 2023-2030 ($M)
25.2.2 Managed Services Market 2023-2030 ($M)
26.MENA License Management Market By Deployment Type Market 2023-2030 ($M)
26.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
26.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
27.MENA License Management Market By Organization Size Market 2023-2030 ($M)
27.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
27.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
28.MENA License Management Market By Industry Vertical Market 2023-2030 ($M)
28.1 Information Technology Market 2023-2030 ($M) - Regional Industry Research
28.2 Telecom Market 2023-2030 ($M) - Regional Industry Research
28.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
28.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
28.5 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
28.6 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US License Management Market Revenue, 2023-2030 ($M)
2.Canada License Management Market Revenue, 2023-2030 ($M)
3.Mexico License Management Market Revenue, 2023-2030 ($M)
4.Brazil License Management Market Revenue, 2023-2030 ($M)
5.Argentina License Management Market Revenue, 2023-2030 ($M)
6.Peru License Management Market Revenue, 2023-2030 ($M)
7.Colombia License Management Market Revenue, 2023-2030 ($M)
8.Chile License Management Market Revenue, 2023-2030 ($M)
9.Rest of South America License Management Market Revenue, 2023-2030 ($M)
10.UK License Management Market Revenue, 2023-2030 ($M)
11.Germany License Management Market Revenue, 2023-2030 ($M)
12.France License Management Market Revenue, 2023-2030 ($M)
13.Italy License Management Market Revenue, 2023-2030 ($M)
14.Spain License Management Market Revenue, 2023-2030 ($M)
15.Rest of Europe License Management Market Revenue, 2023-2030 ($M)
16.China License Management Market Revenue, 2023-2030 ($M)
17.India License Management Market Revenue, 2023-2030 ($M)
18.Japan License Management Market Revenue, 2023-2030 ($M)
19.South Korea License Management Market Revenue, 2023-2030 ($M)
20.South Africa License Management Market Revenue, 2023-2030 ($M)
21.North America License Management By Application
22.South America License Management By Application
23.Europe License Management By Application
24.APAC License Management By Application
25.MENA License Management By Application
26.Aspera Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cherwell Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.DXC Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Flexera Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Gemalto, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Oracle, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Quest Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Servicenow, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Snow Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)