According to a new market research report published by Global Insight Services “Software Asset Management Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Software asset management (SAM) is a set of business practices that combines software licensing, deployment, tracking, and maintenance to optimize the value and minimize the risk of software assets within an organization. SAM can help organizations save money, reduce software vulnerabilities, and improve compliance with licensing terms and conditions.
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Key Market Players
The software asset management market report includes players such as Certero, Aspera Technologies, BMC Software, Symantec, Ivanti, Cherwell Software, CA Technologies Flexera, IBM, Microsoft, and Lansweeper.
Key Trends
The key trends in Software Asset Management technology are:
1. The move to cloud-based solutions: As more and more businesses move to the cloud, software asset management solutions are also moving to the cloud. This allows businesses to manage their software assets more effectively and efficiently.
2. The use of artificial intelligence: Artificial intelligence is being used more and more in software asset management solutions. This allows businesses to automate tasks and make better decisions about their software assets.
3. The rise of mobile devices: With the rise of mobile devices, businesses are now able to manage their software assets from anywhere. This gives businesses more flexibility and allows them to be more efficient in their asset management.
4. The need for compliance: With the increase in regulations, businesses need to ensure that their software asset management solutions are compliant. This helps businesses avoid fines and penalties.
Key Drivers
The key drivers of the software asset management market are the need to optimize software spending, the need to improve software license compliance, and the need to reduce software piracy.
Organizations are under pressure to optimize their spending on software, and software asset management is seen as a way to help them do this. In particular, organizations want to avoid overspending on software licenses, and they want to be sure that they are using all the licenses they have purchased.
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Key Market Segments
The software asset management market report is bifurcated on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of component, it is segmented into solutions and services. Based on deployment mode, it is analyzed across on-premises and cloud. By organization size it is categorized into large enterprises and small & medium enterprises. By industry vertical, it is divided into BFSI, IT, telecom, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Reasons to buy Software Asset Management Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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