New York, 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.
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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.
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.
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