HTF Market Intelligence recently released a survey document on Software Asset Management market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Software Asset Management market. Some of the companies listed in the study from the complete survey list are Flexera (United States), Snow Software – Stockholm, Sweden, Ivanti (United States), ServiceNow (United States), Aspera Technologies (Germany), Scalable Software (United States), Certero (United Kingdom), BMC Software (United States), Eracent (United States), ManageEngine (India).
According to HTF Market Intelligence, the Software Asset Management market size is estimated to increase by USD 7.5 Billion at a CAGR of 10.5% from 2023 to 2030. Currently, the market value is pegged at USD 3.8 Billion.
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Definition:
Software Asset Management (SAM) refers to the process of effectively managing and optimizing an organization’s software assets throughout their lifecycle. This includes acquiring, deploying, maintaining, and disposing of software licenses and applications in a manner that maximizes value, minimizes risks, and ensures compliance with legal and contractual obligations.
Market Trends:
• Lack of awareness and understanding of SAM benefits among small and medium-sized enterprises (SMEs)
• Complexity of managing software licenses across various platforms.
Market Drivers:
• Increasing demand for efficient software management systems
• Growing importance of compliance management, and the need to reduce IT costs
Market Restraints:
• Increasing adoption of cloud-based solutions
• Emerging focus on software asset optimization in addition to compliance
Fastest-Growing Region:
Asia-Pacific
Dominating Region:
North America, Europe
Market Leaders & Development Strategies:
•In July 2021, Snow Software introduced Snow Atlas, the first integrated platform designed to help organizations discover, monitor, and optimize their technology investments on-premises and in the cloud. This solution available on the new cloud-native platform such as SAM, SaaS management, and ITSM integrations which earlier delivered as a service.
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Software Asset Management market segments by Types: On-Premises, Cloud-Based
Detailed analysis of Software Asset Management market segments by Applications: Small and Medium-sized Enterprises (SMEs), Large Enterprises
Major Key Players of the Market: Flexera (United States), Snow Software – Stockholm, Sweden, Ivanti (United States), ServiceNow (United States), Aspera Technologies (Germany), Scalable Software (United States), Certero (United Kingdom), BMC Software (United States), Eracent (United States), ManageEngine (India)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
• -To carefully analyse and forecast the size of the Software Asset Management market by value and volume.
• -To estimate the market shares of major segments of the Software Asset Management market.
• -To showcase the development of the Software Asset Management market in different parts of the world.
• -To analyse and study micro-markets in terms of their contributions to the Software Asset Management market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Software Asset Management market.
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Software Asset Management market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
The Software Asset Management Market is segmented by Deployment Type (On-Premises, Cloud-Based) by Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises) by Industry Vertical (Information Technology and Telecommunications, Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare) by Solution Type (License Management, Audit and Compliance Management, Software Discovery, Optimization, and Metering, Cost Management) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
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Key takeaways from the Software Asset Management market report:
– Detailed consideration of Software Asset Management market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Software Asset Management market-leading players.
– Software Asset Management market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Software Asset Management market for forthcoming years.
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Major highlights from Table of Contents:
Software Asset Management Market Study Coverage:
• It includes major manufacturers, emerging player’s growth story, and major business segments of Software Asset Management market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Software Asset Management Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Software Asset Management Market Production by Region Software Asset Management Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Software Asset Management Market Report:
• Software Asset Management Overview, Definition and Classification Market drivers and barriers
• Software Asset Management Market Competition by Manufacturers
• Software Asset Management Capacity, Production, Revenue (Value) by Region (2023-2029)
• Software Asset Management Supply (Production), Consumption, Export, Import by Region (2023-2029)
• Software Asset Management Production, Revenue (Value), Price Trend by Type {On-Premises, Cloud-Based}
• Software Asset Management Market Analysis by Application {Small and Medium-sized Enterprises (SMEs), Large Enterprises}
• Software Asset Management Manufacturers Profiles/Analysis Software Asset Management Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
• What are influencing factors driving the demand for Software Asset Management near future?
• What is the impact analysis of various factors in the Global Software Asset Management market growth?
• What are the recent trends in the regional market and how successful they are?
• How feasible is Software Asset Management market for long-term investment?
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, MINT, BRICS, G7, Western / Eastern Europe, or Southeast Asia. Also, we can serve you with customized research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.
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