Market Highlights:
Software Asset Management involves managing and optimizing the purchase, deployment, maintenance, utilization, and disposal of software assets within an organization. The objective of SAM is to reduce IT costs and limit operational, financial and legal risks related to the ownership and use of software. It brings together people, processes, and technology to control and optimize the use of software in the organization. SAM processes help businesses to gain control of unnecessary spending while optimizing the technology, improving overall IT capabilities, and optimizing the infrastructure to achieve desired results.
The market for software asset management is expected to grow due to increasing need for managing the lifecycle of assets. In today’s increasingly dynamic IT environments, the ability to effectively access, manage, and secure both software and hardware assets has become more critical than ever. Software asset management practices allow IT organizations to contrast the current and future costs of assets and based on the projections, improve IT operations productivity and enhance cybersecurity. However, lack of awareness among SME’s regarding software asset management may hamper the growth of the market.
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Major Key Players
Some of the key players of software asset management market include Aspera Technologies (US), BMC Software (US), CA Technologies (US), Microsoft (US), Symantec (US), Certero (UK), Cherwell Software (US), Flexera (US), IBM (US), Ivanti (US),Micro Focus (UK), Scalable Software (US), ServiceNow (US), CloudFabrix Software Inc.(U.S) and Snow Software (Sweden)
The prominent players keep innovating and investing in research and development to present cost-effective offerings. Merger and acquisitions among various players are changing the market structure.
According to MRFR, The global Software Asset Management Market is expected to reach approximately USD 2.45 Billion by 2023 growing at a ~14.18% CAGR over the forecast period 2018–2023.
Segmentation
By component, the market is segmented into Solution and Services. Solution is sub-segmented into License Management, Audit and Compliance Management, Software Discovery, Metering, and Optimization, Contract Management, Configuration Management, and others. Services is sub-segmented into Professional Services and Managed Services.
By Deployment, the market is segmented into On-premise and On Cloud.
On the basis of organization size, the market is segmented into small and medium enterprises and large enterprises.
By vertical, the market is segmented into BFSI, IT & telecom, government, healthcare, retail, and others
Regional Analysis
The global market for software asset management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of software asset management market is covered for the regions such as North America, Europe, Asia Pacific, and rest of the world. Due to technological advancements in North America, it is expected to emerge as the leading region during the forecasting period. This technological advancement has created the need to manage the lifecycle of the complex software assets. Also, owing to the presence of major player such as BMC Software (US), CA Technologies (US), Microsoft (US), Symantec (US) the market for SAM is high.
On the other hand, Asia Pacific is expected to show the highest growth in the software asset management market. The increasing commercial investment in the developing countries of APAC region have witnessed the market growth. The manufacturers in Asia Pacific are becoming more and more advanced by deploying newer technologies hence there is need for monitoring the assets of the enterprises and improve the efficiency. China, India, Japan, and South Korea are the leading countries in APAC.
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Target Audience
- Training and consulting service providers
- Software asset management providers
- Regulators
- Professional service providers
- Managed Service Providers (MSPs)
- System integrators
- Cloud platform providers
- Resellers and distributors
- Investors and venture capitalists
- Third-party software vendors
- Advisory firms
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
14. Company Landscape
15. Company Profiles
15.1 Aspera Technologies, Inc.
15.1.1 Company Overview
15.1.2 Product/Business Segment Overview
15.1.3 Financial Updates
15.1.4 Key Developments
15.2 CA Technologies, Inc.
15.2.1 Company Overview
15.2.2 Product/Business Segment Overview
15.2.3 Financial Updates
15.2.4 Key Developments
15.3 BMC Software, Inc.
15.3.1 Company Overview
15.3.2 Product/Business Segment Overview
15.3.3 Financial Updates
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List of Tables
Table 1 Software Asset Management Market: By Region, 2018-2023
Table 2 North America Software Asset Management Market: By Country, 2018-2023
Table 3 Europe Software Asset Management Market: By Country, 2018-2023
Table 4 Asia Pacific Software Asset Management Market: By Country, 2018-2023
Table 5 The Middle East & Africa Software Asset Management Market: By Country, 2018-2023
Table 6 Latin America Software Asset Management Market: By Country, 2018-2023
Table 7 Global Software Asset Management by Component Market: By Regions, 2018-2023
Table 8 North America Software Asset Management by Component Market: By Country, 2018–2023
Table 9 Europe Software Asset Management by Component Market: By Country, 2018-2023
Table10 Asia Pacific Software Asset Management by Component Market: By Country, 2018-2023
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