Market Overview —
The global software licensing market is slated to experience healthy demand in the forthcoming years. The market is expected to grow in the coming years with the rising demand of large IT organizations like IBM, Microsoft, and Accenture. Software licensing requires compliance with various relevant regulations and laws as non-adherence to the same can cause severe penalties and jolts. Although there are a huge pool of organizations offering free and open licensing domains, with definitions and guidelines concerning software licenses, precise implementation of software licenses aids in ensuring control over piracy to a large extent. The management of software licenses includes the need to keep track of the software and its maintenance. The global software licensing market is anticipated to be primarily driven by the imperative need to curb down piracy issues.
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The global software licensing market was analyzed by Market Research Future (MRFR) and it was projected that a noteworthy CAGR of 8.6% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the software licensing market was further stated to surpass its previous valuation to reach a projected figure of USD 14.34 billion by the end of the forecast period.
The prominent players in the Software Licensing Market are –Accenture Plc. (Ireland), IBM Corporation (U.S), Agilis International (U.S), HP Inc. (U.S), Dimension Data (South Africa), Inishtech Technology Ventures Ltd (Ireland), Flexera Software (U.S), Microsoft Corporation (U.S), and Moduslink Global Solutions, Inc.(U.S), Safenet Inc. (U.S) among others.
The Software Licensing sector has been classified based on end-users Licensing Type, Deployment, and region.
• On the basis of Deployment, the global software licensing industry can be classified into Cloud-Based, On-Premise, and others. On-premise, deployment is estimated to exhibit an increased level of expansion during the forecast period.
• On the basis of Licensing Type, the global software licensing industry can be classified into Proprietary license, GNU General Public License, Workstation licenses, Concurrent use license, End User License Agreement, End User License Agreement, and others.
• On the basis of region, the global software licensing industry can be classified into North America, APAC, Europe and Rest of the World
• On the basis of End-User, the global software licensing industry can be classified into Manufacturing, Human Resources, Government and Defense, Healthcare and Life Sciences, Education and Research, BFSI and a few others.
Detailed Regional Analysis
The regional study of the global industry for Software Licensing covers the region such as Europe, North America, Asia Pacific and the Rest of the World (RoW). The European region is one of the most potential regions across the globe. with respect to an important market share. It is a leading region due to the establishment of the market that has been classified on the basis of on-premises and cloud-based. The North American market is a crucial market for the licensing market for software by revenues due to the presence of major vendors. While, the nations in the APAC region such as China, South Korea, and Japan are the upcoming expanding markets for the Software Licensing sector. Nonetheless, this industry has massive potential for growth.
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June 2019, Applitools announced the introduction of a version of its flagship product named Applitools Eyes, one which is now available for open source libraries. Additionally, the company launched free open source software licensing.
June 2019, STEALTHbits Technologies Inc., a leading cybersecurity solution provider that lays its focus on securing and protecting the sensitive data of an organization and attaining credentials of the attackers, made the announcement concerning their continuous commitment to maintain their flexibility and remain in accordance to customer preference in regard to software licensing.
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