Software Licensing Market Summary
As per Market Research Future Analysis, the global software licensing market is projected to grow significantly, driven by the increasing demand from large IT enterprises and the necessity to combat software piracy. The market is expected to reach a valuation of USD 5 billion by 2030, with a CAGR of 13%. Despite challenges posed by the COVID-19 pandemic, which disrupted demand and supply chains, recovery is anticipated as businesses adapt to new licensing models. Key drivers include the rise in audit activities and the need for compliance, while opportunities lie in cloud governance expansion. However, the market faces restraints due to lack of collaboration and management complexities of licensing models. The competitive landscape features major players like IBM, Microsoft, and Accenture, who are innovating to enhance their market presence.
Key Market Trends & Highlights
The software licensing market is evolving with significant trends and opportunities.
- Market valuation expected to reach USD 14.34 billion with a CAGR of 8.6%.
- Europe anticipated to hold the largest market share due to on-premise and cloud-based deployments.
- North America leads in revenue generation, driven by major vendors.
- Asia Pacific shows rapid growth potential with increased adoption of commercial SLM systems.
Market Size & Forecast
| Market Size by 2030 | USD 5 Billion |
| Expected CAGR | 13% |
| Potential Market Size with 8.6% CAGR | USD 14.34 Billion |
Major Players
IBM, Microsoft, Accenture, Flexera Software, Muduslink Global Solutions, Inishtech Technology Ventures, Safenet, Agilis International, Dimension Data, HP, Vector Networks, DXC Technology, Gemalto, Reprise Software, Snow Software.
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