Software Asset Management Industry to Partake Significant

Software Asset Management Industry to Partake Significant

software asset management market

The Global Software Asset Management Market report by Global Insight Services is the sole authoritative source for information on the Software Asset Management market. The report provides you with an analysis of the impact on the market of the recent market disruptions such as the Russia-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using different frameworks like Porters and PESTLE analysis. The report provides detailed segmentation and market size data by category, product type, application and region. The report also includes a comprehensive analysis of the key issues, trends and drivers, restraints and challenges, the competitive landscape, as well as recent events like M&A activity in the market.

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Software Asset Management (SAM) is a set of business practices that combines software licensing, delivery, tracking, and maintenance to optimize the value and mitigate risk of software assets within an organization. SAM can help organizations save money, reduce software vulnerabilities, and improve license compliance.

An effective SAM program begins with an inventory of the company’s software assets. This inventory should include all software installed on computers within the organization, as well as any software purchased or leased from third parties. Inventory should be updated regularly to ensure it remains accurate.

SAM can be a complex endeavor, but there are a number of tools and services to help organizations manage their software assets. These tools can automate many of the tasks associated with SAM, including inventorying software, tracking license keys, and monitoring software usage.

key trends

The major trends in software asset management technology are:

The move to cloud-based solutions: As more businesses move to the cloud, software asset management solutions are also moving to the cloud. This allows companies to manage their software assets more effectively and efficiently.

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The use of artificial intelligence: Artificial intelligence is increasingly being used in software asset management solutions. This allows organizations to automate tasks and make better decisions about their software assets.
The Rise of Mobile Devices: With the rise of mobile devices, businesses are now able to manage their software assets from anywhere. This gives companies more flexibility and enables them to manage wealth more efficiently.
The need for compliance: With increasing regulations, organizations need to ensure their software asset management solutions are compliant. This helps companies avoid fines and penalties.

key driver

The key drivers of the Software Asset Management market are the need to optimize software spend, improve software license compliance and reduce software piracy.

Businesses are under pressure to optimize their software spend, and software asset management is seen as a way to help them do so. In particular, companies want to avoid overspending on software licenses and they want to be sure that they are using all the licenses they have purchased.

Compliance is another major driver of the Software Asset Management market. Organizations want to be confident that they are compliant with the licenses they purchase, and they want to avoid the risks associated with non-compliance.

Finally, reducing software piracy is another key driver of the software asset management market. Businesses want to avoid the legal and financial risks associated with using pirated software, and they want to ensure they are getting the full value of their software investments.

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Important market segments

The Software Asset Management market report is segmented by component, deployment mode, company size, industry vertical, and region. On the basis of components, it is segmented into solutions and services. Based on the deployment mode, it is analyzed on-premises and in the cloud. According to organization size, it is categorized into large companies and small and medium-sized companies. By industry, it is divided into BFSI, IT, Telecom, and others. Regionally, it is studied in North America, Europe, Asia-Pacific, and the rest of the world.

Important market participants

Software Asset Management market report includes players like Certero, Aspera Technologies, BMC Software, Symantec, Ivanti, Cherwell Software, CA Technologies Flexera, IBM, Microsoft and Lansweeper.

Important market segments

The Software Asset Management market report is segmented by component, deployment mode, company size, industry vertical, and region. On the basis of components, it is segmented into solutions and services. Based on the deployment mode, it is analyzed on-premises and in the cloud. According to organization size, it is categorized into large companies and small and medium-sized companies. By industry, it is divided into BFSI, IT, Telecom, and others. Regionally, it is studied in North America, Europe, Asia-Pacific, and the rest of the world.

Important market participants

Software Asset Management market report includes players like Certero, Aspera Technologies, BMC Software, Symantec, Ivanti, Cherwell Software, CA Technologies Flexera, IBM, Microsoft and Lansweeper.

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