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Companies use license management software to manage their licenses on a network or server. Additionally, the software helps track license usage and automates license updates. In this report, we forecast the global licensing management software market size by 2025.
Software License Management Market Size, Share Trends.
The global software license management market size is expected to reach $10.2 billion by 2025, growing at a CAGR of 25% from 2014 to 2025. The growing focus on technology adoption and changing business models are the major factors driving the demand for software license management solutions.
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Software Licensing Industry Analysis and Forecast
Software license management is the process of tracking software licenses and hardware configurations used by a business or organization. Software license management software can help companies comply with software license agreements by identifying requirements and ensuring that an organization meets them. The software license management market has witnessed significant growth in recent years, primarily due to the use of cloud-based licensing services offered by service providers such as Microsoft Office 365, Google Apps, Amazon Web Services , Oracle Cloud and others.
Software Licensing Market Key Players
The software license management market is expected to reach a value of USD 5.1 billion by 2025, growing at a CAGR of 8.2% from 2016 to 2025. The industry is divided into three types: licensing cloud-based software licenses, desktop software licenses, and traditional licenses. license models.
Types of software license management tools
The global Software Licensing Market size was valued at USD 9.5 Billion in 2014 and is projected to reach USD 17.7 Billion by 2025, growing at a CAGR of 10.3% from 2015 to 2025.
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Emerging Vendors in Software Licensing Market
There are several emerging vendors in the software license management market; some of them are software license management providers, such as license, LicensingCloud and DataCore Software.
Market opportunity study
The software license management market is expected to reach USD 7.92 billion by 2025, growing at a CAGR of 8% from 2019 to 2025.
Value chain analysis
Software Licensing Market was valued at USD 115.4 Million in 2016 and is projected to reach USD 245.3 Million by 2025, growing at a CAGR of 20.6% from 2017 to 2025.
Software License Management Market Size, Share, Trends, Analysis and Forecast to 2025