HOME Top Market Reports License Management Market by Component (Software and Services), Application Area (Audit Services, Advisory Services, Compliance Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

License Management Market by Component (Software and Services), Application Area (Audit Services, Advisory Services, Compliance Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: TC 5866

 

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[128 Pages Report] The license management market was valued at USD 577.5 Million in 2016 and is projected to reach USD 1,141.9 Million by 2022. The global market is expected grow at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. The forecast period has been considered from 2017 to 2022, whereas 2016 is considered as the base year for estimating the market study.

Objectives of the Study:

The main objective of this report is to define, describe, and forecast the license management market on the basis of components (software and services), application areas, deployment types, organization size, industry verticals, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report forecasts the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report profiles the key market players and comprehensively analyzes their core competencies. This report also tracks and analyzes the competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the global market.

The research methodology used to estimate and forecast the license management market began with the collection and analysis of data on the key vendor product offerings and business strategies from secondary sources, such as OneSource Business Browser, D&B Hoovers, 10K Wizard, Bloomberg, Thomson StreetEvents, Factiva, IT service providers, technology providers, press releases, and investor presentations of companies, white papers, technology journals, certified publications, articles by recognized authors, directories, and databases. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the market from the revenues of the key market software tool and service providers. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives.

License Management Market

To know about the assumptions considered for the study, download the pdf brochure

Industry Ecosystem

The license management ecosystem comprises several vendors, including Aspera Technologies (US), Cherwell Software (US), DXC Technology (US), Flexera Software (US), Gemalto (Netherlands), IBM (US), Oracle (US), Quest Software (US), ServiceNow (US), Snow Software (Sweden), Labs64 NetLicensing (Germany), Reprise Software (US), and TeamEDA (US).

Key Target Audience

  • License management software providers
  • Professional service providers
  • Managed Service Providers (MSPs)
  • System integrators
  • Cloud platform providers
  • Resellers and distributors
  • Investors and venture capitalists

Scope of the Report

The research report categorizes the license management market to forecast revenues and analyze trends in each of the following submarkets:

By Component

  • Software
  • Services

By Service

  • Professional Services
    • Deployment and Integration
    • Consulting
    • Support and Maintenance
  • Managed Services

By Application Area

  • Audit Services
  • Advisory Services
  • Compliance Management
  • License Entitlement and Optimization
  • Operations and Analytics
  • Software Inventory Management
  • Usage Monitoring
  • Others (Security and Vendor Information Management)

By Deployment Type

  • On-premises
  • Cloud

By Organization Size

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Industry Vertical

  • IT
  • Banking, Financial Services, and Insurance (BFSI)
  • Telecom
  • Manufacturing
  • Healthcare
  • Media and Entertainment
  • Retail and Consumer Goods
  • Others (Energy and Utilities, Government, and Travel and Transportation)

By Region

  • North America
  • Europe
  • MEA
  • APAC
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American license management market into countries
  • Further breakdown of the European market into countries
  • Further breakdown of the APAC market into countries
  • Further breakdown of the MEA market into countries
  • Further breakdown of the Latin American market into countries

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 25)
    4.1 Attractive Market Opportunities in the License Management Market
    4.2 Market By Deployment Type
    4.3 Market By Component
    4.4 Market By Organization Size
    4.5 Market By Industry Vertical and Region
    4.6 Life Cycle Analysis, By Region (2017)

5 License Management Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand to Optimize Software Investments
                    5.2.1.2 Increasing Need for Audit-Readiness Among Enterprises
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulations
           5.2.3 Opportunities
                    5.2.3.1 Growing Cloud Hosting Business
                    5.2.3.2 Evolution of IoT and Rapidly Growing Number of IoT Devices
                    5.2.3.3 Virtualized Environment
                    5.2.3.4 Adoption of Anti-Counterfeiting and Anti-Piracy Initiatives
           5.2.4 Challenges
                    5.2.4.1 Cracks, Malicious Codes, Keygens, and Pirated Software
                    5.2.4.2 Difficulties in Migration Between Market Changes
                    5.2.4.3 Lack of Awareness About License Management Software
    5.3 License Management Use Cases
           5.3.1 Gemalto
           5.3.2 Agilis Software

6 License Management Market, By Component (Page No. - 33)
    6.1 Introduction
    6.2 Software
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Deployment and Integration
                    6.3.1.2 Consulting
                    6.3.1.3 Support and Maintenance
           6.3.2 Managed Services

7 License Management Market, By Application Area (Page No. - 41)
    7.1 Introduction
    7.2 Audit Services
    7.3 Advisory Services
    7.4 Compliance Management
    7.5 License Entitlement and Optimization
    7.6 Operations and Analytics
    7.7 Software Inventory Management
    7.8 Usage Monitoring
    7.9 Others

8 License Management Market, By Deployment Type (Page No. - 51)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 License Management Market, By Organization Size (Page No. - 55)
    9.1 Introduction
    9.2 Large Enterprises
    9.3 Small and Medium-Sized Enterprises

10 License Management Market, By Industry Vertical (Page No. - 59)
     10.1 Introduction
     10.2 Information Technology
     10.3 Banking, Financial Services, and Insurance
     10.4 Telecom
     10.5 Manufacturing
     10.6 Healthcare
     10.7 Media and Entertainment
     10.8 Retail and Consumer Goods
     10.9 Others

11 License Management Market, By Region (Page No. - 67)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 87)
     12.1 Overview
     12.2 Competitive Scenario
             12.2.1 New Product Launches
             12.2.2 Business Expansions
             12.2.3 Acquisitions/Partnerships/Collaborations
     12.3 Market Ranking

13 Company Profiles (Page No. - 91)
     13.1 Aspera Technologies
(Business Overview, Services Offered, Recent Developments, and MnM View)
     13.2 Cherwell Software
     13.3 DXC Technology
     13.4 Flexera Software
     13.5 Gemalto
     13.6 IBM
     13.7 Oracle
     13.8 Quest Software
     13.9 Servicenow
     13.10 Snow Software
*Details on Business Overview, Services Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     13.11 Key Innovators
             13.11.1 Labs64 Netlicensing
             13.11.2 Reprise Software
             13.11.3 Teameda

14 Appendix (Page No. - 118)
     14.1 Industry Excerpts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introduction Rt: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Author Details


List of Tables (73 Tables)

Table 1 United States Dollar Exchange Rate
Table 2 License Management Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 3 Market Size By Component, 2015–2022 (USD Million)
Table 4 Software: Market Size By Region, 2015–2022 (USD Million)
Table 5 Services: Market Size By Region, 2015–2022 (USD Million)
Table 6 Services: Market Size By Type, 2015–2022 (USD Million)
Table 7 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 8 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 9 Deployment and Integration Market Size, By Region, 2015–2022 (USD Million)
Table 10 Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 11 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 12 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 13 License Management Market Size, By Application Area, 2015–2022 (USD Million)
Table 14 Audit Services: Market Size By Region, 2015–2022 (USD Million)
Table 15 Advisory Services: Market Size By Region, 2015–2022 (USD Million)
Table 16 Compliance Management: Market Size By Region, 2015–2022 (USD Million)
Table 17 License Entitlement and Optimization: Market Size By Region, 2015–2022 (USD Million)
Table 18 Operations and Analytics: Market Size By Region, 2015–2022 (USD Million)
Table 19 Software Inventory Management: Market Size mBy Region, 2015–2022 (USD Million)
Table 20 Usage Monitoring: Market Size By Region, 2015–2022 (USD Million)
Table 21 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 22 License Management Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 23 On-Premises: Market Size By Region, 2015–2022 (USD Million)
Table 24 Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 25 License Management Market Size, By Organization Size, 2015–2022 (USD Million)
Table 26 Large Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 27 Small and Medium-Sized Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 28 License Management Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 29 Information Technology: Market Size By Region, 2015–2022 (USD Million)
Table 30 Banking, Financial Services, and Insurance: Market Size By Region, 2015–2022 (USD Million)
Table 31 Telecom: Market Size By Region, 2015–2022 (USD Million)
Table 32 Manufacturing: Market Size By Region, 2015–2022 (USD Million)
Table 33 Healthcare: Market Size By Region, 2015–2022 (USD Million)
Table 34 Media and Entertainment: Market Size By Region, 2015–2022 (USD Million)
Table 35 Retail and Consumer Goods: Market Size By Region, 2015–2022 (USD Million)
Table 36 Others: Market Size By Region, 2015–2022 (USD Million)
Table 37 License Management Market Size, By Region, 2015–2022 (USD Million)
Table 38 North America: Market Size By Component, 2015–2022 (USD Million)
Table 39 North America: Market Size By Service, 2015–2022 (USD Million)
Table 40 North America: Market Size By Professional Service, 2015–2022 (USD Million)
Table 41 North America: Market Size By Application Area, 2015–2022 (USD Million)
Table 42 North America: Market Size By Deployment Type, 2015–2022 (USD Million)
Table 43 North America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 44 North America: Market Size By Industry Vertical, 2015–2022 (USD Million)
Table 45 Europe: License Management Market Size, By Component, 2015–2022 (USD Million)
Table 46 Europe: Market Size By Service, 2015–2022 (USD Million)
Table 47 Europe: Market Size By Professional Service, 2015–2022 (USD Million)
Table 48 Europe: Market Size By Application Area, 2015–2022 (USD Million)
Table 49 Europe: Market Size By Deployment Type, 2015–2022 (USD Million)
Table 50 Europe: Market Size By Organization Size, 2015–2022 (USD Million)
Table 51 Europe: Market Size By Industry Vertical, 2015–2022 (USD Million)
Table 52 Asia Pacific: License Management Market Size, By Component, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size By Service, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size By Professional Service, 2015–2022 (USD Million)
Table 55 Asia Pacific: Market Size By Application Area, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market By Deployment Type, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size By Organization Size, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market Size By Industry Vertical, 2015–2022 (USD Million)
Table 59 Middle East and Africa: License Management Market Size, By Component, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size By Service, 2015–2022 (USD Million)
Table 61 Middle East and Africa: Market Size By Professional Service, 2015–2022 (USD Million)
Table 62 Middle East and Africa: Market Size By Application Area, 2015–2022 (USD Million)
Table 63 Middle East and Africa: Market Size By Deployment Type, 2015–2022 (USD Million)
Table 64 Middle East and Africa: Market Size By Organization Size, 2015–2022 (USD Million)
Table 65 Middle East and Africa: Market By Industry Vertical, 2015–2022 (USD Million)
Table 66 Latin America: License Management Market Size, By Component, 2015–2022 (USD Million)
Table 67 Latin America: Market Size By Service, 2015–2022 (USD Million)
Table 68 Latin America: Market Size By Professional Service, 2015–2022 (USD Million)
Table 69 Latin America: Market Size By Application Area, 2015–2022 (USD Million)
Table 70 Latin America: Market Size By Deployment Type, 2015–2022 (USD Million)
Table 71 Latin America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 72 Latin America: Market Size By Industry Vertical, 2015–2022 (USD Million)
Table 73 Market Ranking for the License Management Market


List of Figures (38 Figures)

Figure 1 License Management Market Segmentation
Figure 2 Market Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 License Management Market: Assumptions
Figure 7 Top 3 Segments With the Largest Market Shares in 2017
Figure 8 Market Regional Snapshot
Figure 9 Market By Application Area
Figure 10 Market By Professional Service
Figure 11 Rising Demand to Optimize Software Investment is Expected to Drive the Growth of the License Management Market During the Forecast Period
Figure 12 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Information Technology Industry Vertical and North America Region are Estimated to Dominate the License Management Market in 2017
Figure 16 Asia Pacific is Expected to Grow Rapidly in the Coming Years
Figure 17 License Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Services Segment is Expected to Witness A Higher CAGR During the Forecast Period
Figure 19 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 License Entitlement and Optimization Application Area is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Healthcare Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 25 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By Leading Players in the Global License Management Market, 2014–2017
Figure 29 DXC Technology: Company Snapshot
Figure 30 DXC Technology: SWOT Analysis
Figure 31 Gemalto: Company Snapshot
Figure 32 Gemalto: SWOT Analysis
Figure 33 IBM: Company Snapshot
Figure 34 IBM: SWOT Analysis
Figure 35 Oracle: Company Snapshot
Figure 36 Oracle: SWOT Analysis
Figure 37 Servicenow: Company Snapshot
Figure 38 Servicenow: SWOT Analysis

The license management market is expected to grow from USD 629.6 Million in 2017 to USD 1,141.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Several factors, such as the growing demand to optimize software investments and increasing need for audit-readiness among enterprises, are driving the license management market growth. The increased adoption of license management software and services across various industry verticals, such as Information Technology (IT); Banking, Financial Services, and Insurance (BFSI); telecom; manufacturing; healthcare; media and entertainment; and retail and consumer goods; have boosted the growth of the market.

The license management market is segmented by component (software and services), application area (audit services, advisory services, compliance management, license entitlement and optimization, operations and analytics, software inventory management, usage monitoring, and others), deployment type, organization size, industry vertical, and region. The software component is estimated to dominate the market in 2017, whereas the services component is expected to witness the faster growth during the forecast period, due to the new features offered by deployment and integration, and support and maintenance services.

The professional services segment is expected to hold the larger market size, whereas the managed services segment is expected to grow at a higher CAGR during the forecast period. The professional services help enterprises in creating a highly available, secure, and superior network environment that supports the enterprise growth while accommodating the convergence of voice and data systems and traffic. Moreover, these services also help enterprises easily meet their revenue targets by limiting unauthorized and inadvertent over-deployment. The professional services segment includes deployment and integration, consulting, and support and maintenance.

The cloud deployment type is expected to gain more traction and grow at a higher CAGR during the forecast period. Cloud solutions are playing a significant role in increasing the opportunities for vendors in the global license management market, as they offer organizations various advantages, such as cost-effectiveness, minimum IT investments, automatic integrations, and easy accessibility. Additionally, companies are deploying solutions in the cloud to improve their mobility and decentralize the data storage and computing. However, security continues to be a critical issue that restricts the adoption of cloud solutions. The security issue is being gradually eradicated through rigorous security tests conducted to the highest standards by third parties.

License Management Market

By region, the license management market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. North America is expected to dominate the global market from 2017 to 2022, considering the presence of large license management vendors in the region. The region is also considered to be one of the most advanced regions with regards to technology adoption and infrastructure. Due to this, companies are willing to invest in North America. Therefore, the competition is stiff among the major market players in this region.

Stringent regulations may hinder the growth of the license management market globally. However, the recent developments, including new product launches and acquisitions, undertaken by the major market players are boosting the growth of the market.

The evolving need for the virtualized environment and the rapid growth of the Internet of Things (IoT) devices are expected to provide growth opportunities to license management vendors. The major vendors offering license management software and associated services across the globe are Aspera Technologies (US), Cherwell Software (US), DXC Technology (US), Flexera Software (US), Gemalto (Netherlands), IBM (US), Oracle (US), Quest Software (US), ServiceNow (US), and Snow Software (Sweden). Some of the key innovators offering license management software and services include Labs64 NetLicensing (Germany), Reprise Software (US), and TeamEDA (US). These players have adopted various organic and inorganic strategies to achieve growth in the license management market.

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