HOME Top Market Reports Software Asset Management Market by Solution (License Management, Audit and Compliance Management, Software Discovery, Optimization, and Metering), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

Software Asset Management Market by Solution (License Management, Audit and Compliance Management, Software Discovery, Optimization, and Metering), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2018
Report Code: TC 6097

 

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MarketsandMarkets expects the software asset management market to grow from USD 1.06 Billion in 2016 to 2.32 Billion by 2022. The global market is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. The forecast period has been considered from 2017 to 2022, while 2016 has been considered as the base year for estimating the market size.

Objectives of the Study

The main objective of this report is to define, describe, and forecast the software asset management market by component (solutions and services), deployment type, organization size, industry vertical, and region. The report provides detailed information regarding 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 5 main regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The report also profiles key players and comprehensively analyzes their core competencies. Moreover, this report tracks and analyzes competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the market.

The research methodology used to estimate and forecast the software asset management market began with the collection and analysis of data on key vendor product offerings and business strategies from secondary sources, such as OneSource, Business Browser, Hoover's, 10K Wizard, Bloomberg, Thomson StreetEvents, and Factiva, and other sources, such as IT service providers, technology providers, press releases, investor presentations of companies; and white papers, technology journals, certified publications, and articles from recognized authors, directories, and databases. The 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 revenue of the key software asset management solutions, services, 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.

Software Asset Management Market

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

Industry Ecosystem

The major vendorsin the software asset management market include Aspera Technologies (US), BMC Software (US), CA Technologies (US), Certero (UK), Cherwell Software (US), Flexera (US), IBM (US), Ivanti (US),Micro Focus (UK), Microsoft (US), Scalable Software (US), ServiceNow (US), Snow Software (Sweden), and Symantec (US)

Key Target Audience

  • 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

Scope of the Report

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

By Component

  • Solutions
    • License Management
    • Audit and Compliance Management
    • Software Discovery, Metering, and Optimization
    • Contract Management
    • Configuration Management
    • Others (Reporting, Analytics, and Security)
  • Services
    • Professional Services
      • Consulting
      • Support and Training
      • Deployment and Integration
    • Managed Services

By Deployment Type

  • On-premises
  • Cloud

By Organization Size

  • SMEs
  • Large Enterprises

By Industry Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom
  • Manufacturing
  • Retail and Consumer Goods
  • Government
  • Healthcare and Life Sciences
  • Education
  • Media and Entertainment
  • Others (Energy and Utilities, and Legal Services)

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 which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American software asset 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. - 17)
    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. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Software Asset Management Market
    4.2 Market By Component
    4.3 Market By Deployment Type
    4.4 Market By Organization Size
    4.5 Market By Industry Vertical and Region

5 Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Need to Manage the Life Cycle of Assets
                    5.2.1.2 Compliance-Readiness
           5.2.2 Restraints
                    5.2.2.1 Budget Constraints and Lack of Awareness Among SMEs
           5.2.3 Opportunities
                    5.2.3.1 The Growing Cloud Hosting Business
                    5.2.3.2 Evolution of Internet of Things (IoT) and the Rapidly Growing Number of IoT Devices
           5.2.4 Challenges
                    5.2.4.1 Lack of Transparency Among Various Departments
                    5.2.4.2 Presence of Complex IT Environments

6 Software Asset Management Market, By Component (Page No. - 32)
    6.1 Introduction
    6.2 Solutions
           6.2.1 License Management
           6.2.2 Audit and Compliance Management
           6.2.3 Software Discovery, Optimization, and Metering
           6.2.4 Contract Management
           6.2.5 Configuration Management
           6.2.6 Others
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                    6.3.1.2 Support and Training
                    6.3.1.3 Deployment and Integration
           6.3.2 Managed Services

7 Software Asset Management Market, By Deployment Type (Page No. - 45)
    7.1 Introduction
    7.2 Cloud
    7.3 On-Premises

8 Market By Organization Size (Page No. - 49)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Market By Industry Vertical (Page No. - 53)
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance
    9.3 IT and Telecom
    9.4 Manufacturing
    9.5 Retail and Consumer Goods
    9.6 Government
    9.7 Healthcare and Life Sciences
    9.8 Education
    9.9 Media and Entertainment
    9.10 Others

10 Software Asset Management Market, By Region (Page No. - 63)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 84)
     11.1 Overview
     11.2 Market Ranking
     11.3 Competitive Scenario
             11.3.1 New Product and Service Launches/Product Upgradations
             11.3.2 Business Expansions
             11.3.3 Mergers and Acquisitions
             11.3.4 Partnerships and Collaborations

12 Company Profiles (Page No. - 91)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 Snow Software
     12.3 Flexera
     12.4 BMC Software
     12.5 Ivanti
     12.6 Certero
     12.7 Servicenow
     12.8 Aspera Technologies
     12.9 Cherwell Software
     12.10 Scalable Software
     12.11 CA Technologies
     12.12 Symantec
     12.13 IBM
     12.14 Micro Focus
     12.15 Microsoft

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 126)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introduction RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (72 Tables)

Table 1 United States Dollar Exchange Rate
Table 2 Software Asset Management Market Size, By Component, 2015–2022 (USD Million)
Table 3 Solutions: Market Size By Type, 2015–2022 (USD Million)
Table 4 License Management Market Size, By Region, 2015–2022 (USD Million)
Table 5 Audit and Compliance Management Market Size, By Region, 2015–2022 (USD Million)
Table 6 Software Discovery, Optimization ,And Metering Market Size, By Region, 2015–2022 (USD Million)
Table 7 Contract Management Market Size, By Region, 2015–2022 (USD Million)
Table 8 Configuration Management Market Size, By Region, 2015–2022 (USD Million)
Table 9 Others Market Size, By Region, 2015–2022 (USD Million)
Table 10 Services: Market Size By Type, 2015–2022 (USD Million)
Table 11 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 12 Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 13 Support and Training Market Size, By Region, 2015–2022 (USD Million)
Table 14 Deployment and Integration Market Size, By Region, 2015–2022 (USD Million)
Table 15 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 16 Software Asset Management Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 17 Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 18 On-Premises: Market Size By Region, 2015–2022 (USD Million)
Table 19 Market Size By Organization Size, 2015–2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 21 Large Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 22 Software Asset Management Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 23 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 24 IT and Telecom: Market Size, By Region, 2015–2022 (USD Million)
Table 25 Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Retail and Consumer Goods: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Government: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Healthcare and Life Sciences: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Education: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Media and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Software Asset Management Market Size, By Region, 2015–2022 (USD Million)
Table 33 North America: Market Size By Component, 2015–2022 (USD Million)
Table 34 North America: Market Size By Solution, 2015–2022 (USD Million)
Table 35 North America: Market Size By Service, 2015–2022 (USD Million)
Table 36 North America: Market Size By Professional Service, 2015–2022 (USD Million)
Table 37 North America: Market Size By Deployment Type, 2015–2022 (USD Million)
Table 38 North America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 39 North America: Market Size By Industry Vertical, 2015–2022 (USD Million)
Table 40 Europe: Software Asset Management Market Size, By Component, 2015–2022 (USD Million)
Table 41 Europe: Market Size, By Solution, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 43 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 44 Europe: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 46 Europe: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 47 Asia Pacific: Software Asset Management Market Size, By Component, 2015–2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Solution, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 52 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 54 Middle East and Africa: Software Asset Management Market Size, By Component, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 61 Latin America: Software Asset Management Market Size, By Component, 2015–2022 (USD Million)
Table 62 Latin America: Market Size, By Solution, 2015–2022 (USD Million)
Table 63 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 64 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 65 Latin America: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 66 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 67 Latin America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 68 Market Ranking for the Software Asset Management Market, 2017
Table 69 New Product and Service Launches/Product Upgradations, 2014–2017
Table 70 Business Expansions, 2015–2017
Table 71 Mergers and Acquisitions, 2014–2017
Table 72 Partnerships and Collaborations, 2015–2017


List of Figures (39 Figures)

Figure 1 Software Asset Management Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Software Asset Management Market: Assumptions
Figure 8 Top 3 Segments With the Largest Market Shares in 2017
Figure 9 Software Asset Management Market: Regional Snapshot
Figure 10 Increasing Need to Manage the Life Cycle of Assets is Expected to Drive the Growth of the Market
Figure 11 Solutions Segment is Expected to Dominate the Market During the Forecast Period
Figure 12 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Manufacturing Industry Vertical and North American Region are Estimated to Dominate the Market in 2017
Figure 15 Software Asset Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Audit and Compliance Management Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Support and Training Segment is Expected to Have the Highest CAGR During the Forecast Period
Figure 20 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Healthcare and Life Sciences Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Key Developments By the Leading Players in the Software Asset Management Market, 2015–2017
Figure 27 Market Evaluation Framework
Figure 28 Geographic Revenue Mix of Top Market Players
Figure 29 Snow Software: SWOT Analysis
Figure 30 Flexera: SWOT Analysis
Figure 31 Ivanti: SWOT Analysis
Figure 32 Certero: SWOT Analysis
Figure 33 Servicenow: Company Snapshot
Figure 34 CA Technologies: Company Snapshot
Figure 35 Symantec: Company Snapshot
Figure 36 IBM: Company Snapshot
Figure 37 IBM: SWOT Analysis
Figure 38 Micro Focus: Company Snapshot
Figure 39 Microsoft: Company Snapshot

The software asset management market is expected to grow from USD 1.16 Billion in 2017 to USD 2.32 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period, owing to the increasing need for managing the lifecycle of assets. The rising pressure on software vendors and users to adhere to the regulations and compliances is expected to be  a major driving factor for the growth of the market.

Software asset management solutions and services deal with licensing software, monitoring software usage, and ensuring adherence to audit compliances, to give enterprises a comprehensive view of the entire software life cycle and optimize their IT spending. With the enterprises’ increasing expenditure on technology, managing an array of software portfolio is getting complex. The enterprises are keen on adopting efficient software asset management tools to optimize their spending on different software. Considering the rapid proliferation of the Bring Your Own Device (BYOD) trend in organizations, it has become necessary for the enterprises to track and monitor the usage of diverse software on different devices, such as smartphones, tablets, and laptops, to protect themselves from using unauthorized or pirated software licenses. Some of the benefits offered by the software asset management solutions and services include cost reduction, enhanced security, and reduced IT support.

The evolution of software asset management solutions has transformed the way organizations operate in the competitive business environment. The IT leaders are concerned about the increasing cost of software, and are trying to ensure audit-readiness to avoid unbudgeted penalty expenses for license non-compliance.

Software Asset Management Market

North America and Europe are expected to be the major contributors to the software asset management market in terms of revenue. This can be attributed to major factors, such as stringent laws in these regions that force organizations to comply with the regulations. Furthermore, the organizations in these regions are making huge investments in technologies, which has created the need to manage the life cycle of their complex software assets. The APAC region is expected to be the fastest growing in the market. The increasing commercial investments in the developing countries of the APAC region is expected to benefit from the growth of the market in the coming years. The MEA and Latin American regions are expected to witness a gradual growth in terms of adopting software asset management solutions and services.

However, budget constraints and the lack of awareness among the Small and Medium-sized Enterprises (SMEs) are  expected to be  major restraining factors for the adoption of software asset management solutions and services.

The major vendors that offer software asset management solutions and services across the globe include Aspera Technologies (US), BMC Software (US), CA Technologies (US), Certero (UK), Cherwell Software (US), Flexera (US), IBM (US), Ivanti (US), Micro Focus (UK), Microsoft (US), Scalable Software (US), ServiceNow (US), Snow Software (Sweden), and Symantec (US). These vendors have adopted several organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to increase their market shares in the software asset management space.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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