Software License Management Market Size

Software License Management Market size is expected to cross USD 6 Billion by the end of 2035, growing at a CAGR of 10.5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of the software license management was over USD 2.2 Billion. With the proliferation of software applications across industries, organizations are using a wide range of software tools to manage various aspects of their operations. This complexity creates a need for efficient license management to ensure compliance, cost-effectiveness, and optimal utilization of software resources.

Regulatory authorities and industry standards require organizations to maintain proper software license compliance. Failure to comply with these regulations can result in legal and financial consequences. This has driven the adoption of software license management solutions.