Software License Management Market Share

North American Market Forecast

The market in North America is expected to have a dominant market share of 35% over the forecast period. The presence of major software vendors and the strict licensing rules have also contributed to this. The US is a significant contributor to market growth because software solutions are increasingly adopted in various sectors of the region. As per a report, software sales totaled more than USD 1.4 billion in March of 2022. This in turn has boosted the adoption of software licenses in the segment.

European Market Statistics

Europe holds a significant share of the software license management market. The main markets in this area are the United Kingdom, Germany, France, and the Netherlands. The EU's General Data Protection Regulation is increasing the focus on software compliance and driving demand for SLM solutions. Market growth in Europe is supported by the presence of large companies, estimated to be 26.3 million enterprises that operate, as well as increasing digitization across sectors.

Frequently Asked Questions (FAQ)

The proliferation of software applications across industries, the rise of cloud & and SaaS, globalization of businesses is some of the major growth drivers for the market of software License Management

The market size of Software License Management is anticipated to attain a CAGR of 10.5 % over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Snow Software, Microsoft, Oracle, ASPERA Technology s.r.o., ServiceNow, Inc., Ivanti, and Broadcom., BMC Software, Inc, SAMAC and others

The Cloud-based segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Software License Management Market Share