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

  • ID: 4481364
  • Report
  • Region: Global
  • 137 Pages
  • Markets and Markets
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Software Asset Management Market Size Expected to Grow from USD 1.16 Billion in 2017 to USD 2.32 Billion by 2022, at a CAGR of 14.8%

FEATURED COMPANIES

  • Aspera Technologies
  • CA Technologies
  • Cherwell Software
  • IBM
  • Micro Focus
  • Scalable Software
  • MORE

"Software asset management market is expected to grow at a CAGR of 14.8% during the forecast period"

The software asset management market size 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. The increasing need to manage the life cycle of assets and compliance-readiness are expected to be driving the software asset management market. The lack of awareness of the software asset management solutions and services among the Small and Medium-sized enterprises (SMEs) and budget constraints are expected to be the major restraining factors for the growth of the market.

"Software discovery, optimization, and metering solution segment is expected to hold the largest market size during the forecast period"

The software discovery, metering, and optimization solution helps organizations analyze, track, and maintain the ever-changing software asset requirements. With the help of these solutions, organizations can improve the efficiency of their software, maintain an ongoing record of their software usage, identify unused license software, and view the task history to know the usage trend analysis. Due to the aforesaid benefits, the organizations adopt the discovery, metering, and optimization solution to ensure compliance, reduce their downtime, and make effective business decisions about their future software spending.

"SMEs segment is expected to grow at a higher CAGR during the forecast period"

Organizations with employees between 1 and 1,000 are categorized as SMEs. Cost-effectiveness is an important need for small businesses, as they always face constraints in marketing themselves and gaining visibility due to limited budgets. Moreover, the SMEs use software asset management solutions for license management, software discovery, optimization, and metering. Due to the limited budget, the SMEs mostly prefer cloud-based solutions over the on-premises solutions, and this adoption trend is expected to accelerate in the years to come, thereby enabling the cloud deployment type to have a considerable market size during the forecast period. The SMEs segment has a huge potential to flourish in the software asset management market during the forecast period.

"Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period"

The APAC region is expected to gain major traction in the software asset management market, due to the penetration of several companies in the region. Therefore, software asset management solutions are said to be gaining popularity in the APAC region. Factors such as a huge market potential and the increasing spending capacity of customers have encouraged organizations in this region to expand their reach and rely on different software providers to carry out operations. Additionally, the increasing adoption of cloud and mobile technologies, and the growing trend of outsourcing a few operations to specialist companies have led to the rapid adoption of software asset management solutions in APAC countries, such as India, China, and Australia.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.

The break-up of profiles of primary participants has been given below:

  • By Company Type: Tier 1 - 22%, Tier 2 - 41%, and Tier 3 - 37%
  • By Designation: C-level - 72%, D-level - 19%, and Others - 9%
  • By Region: North America - 64%, Europe - 19%, APAC - 12%, RoW - 5%

The software asset management market comprises major vendors, such as 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).

Research Coverage

The software asset management market has been segmented by component (solutions and services), deployment type, organization size, industry vertical, and region. The report would help market leaders/new entrants in this market in the following ways:

The report segments the software asset management market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers have been further split across different industry verticals and regions.

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analysis - market share analysis of the top players and company profiles, which together comprise and discuss basic views on the competitive landscape; the emerging and high-growth segments of the software asset management market; and the high-growth regions and their respective drivers, restraints, challenges, and opportunities.

The report would enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help firms in garnering a greater market share.

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FEATURED COMPANIES

  • Aspera Technologies
  • CA Technologies
  • Cherwell Software
  • IBM
  • Micro Focus
  • Scalable Software
  • MORE

1 Introduction
    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
    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

4 Premium Insights
    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
    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
    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
    7.1 Introduction
    7.2 Cloud
    7.3 On-Premises

8 Market By Organization Size
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Market By Industry Vertical
    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
     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
     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
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, 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, View Might Not Be Captured in Case of Unlisted Companies.

List of 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
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

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FEATURED COMPANIES

  • Aspera Technologies
  • CA Technologies
  • Cherwell Software
  • IBM
  • Micro Focus
  • Scalable Software
  • MORE

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.

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  • Aspera Technologies
  • BMC Software
  • CA Technologies
  • Certero
  • Cherwell Software
  • Flexera
  • IBM
  • Ivanti
  • Micro Focus
  • Microsoft
  • Scalable Software
  • Servicenow
  • Snow Software
  • Symantec
Note: Product cover images may vary from those shown
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