Among form factor segment, software segment in the global software license management market is estimated to account for a majority revenue share of 53.1% in 2017. The first five-year cumulative revenue (2017–2021) of this segment is projected to be US$ 1,444.4 Mn, compared to a moderately higher cumulative revenue total of US$ 2,336.7 Mn for the latter five years of the forecast period (2022–2026)
Software license management solutions helps in ensuring strict compliance of licensing terms that are provided with the purchased software license. It helps company buy, and manage only the software they need, reducing compliance and security risk.
Rise in audit activities, and license compliance audits, coupled with prevention of software piracy, counterfeiting, and malware are key driving factors for growth of the global software license management market. Software publishers are increasing their reliance on such solutions as part of anti-counterfeiting initiatives, to transform their business models, in order to increase revenues and minimize open source risk.
Gaining preference of companies towards cost effective software licensing solutions by small vendors, has led to a price-war amongst players, resulting in downward pricing pressure and decreasing revenues for the software license management market. Moreover, management of multiple licensing models and lack of internal cross-functional collaboration impedes growth of the global software license management market over the forecast period.
Nonetheless, rising adoption of software license management solutions to monetize embedded/ intelligent devices and penetration of cloud and pay-by-usage models, is expected to provide lucrative opportunities for key players in the global software license management market over the forecast period.
Companies in this report are SafeNet, Inc., Flexera Software, Reprise Software, Snow Software, Wibu-Systems AG, IMB Corporation, Gemalto NV, Agilis Management, Inc., Inish Technology Ventures Ltd., Persistent Security, LLC