Software Asset Management Market Size, Share, Growth, Forecast 2032

Software Asset Management Market Insights

Zion Market Research has published a report on the global Software Asset Management Market, estimating its value at USD 2.95 Billion in 2023, with projections indicating that it will reach USD 12.29 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 17.2% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Software Asset Management Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Software asset management (SAM) is a business process that includes managing and enhancing the purchase, maintenance, deployment, utilization, and discarding of numerous software applications within an enterprise.

Software Asset Management Market: Overview

Increasing usage of internet by various retailers for offering their products and services online is driving the global enterprise resource planning technologies market. An enterprise resources planning system helps retailers in planning, streamline store operations, managing inventory effectively, and customer retention to name a few. Digitalization in various developing countries has led to the demand of enterprise resources planning solutions. In 2017, the worldwide e-commerce sales were about USD 2.3 trillion as compared to USD 1.3 trillion in 2014. This upsurge is due to the increasing use of various mobile applications for online shopping. Thus, it is projected that retail sector will contribute in the growth of enterprise resource planning technologies market over the forecast period.

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Countries in the Asia Pacific region such as India and China are now starting to digitalize their data. Government initiatives to use technology in providing services to its citizens will propel the market growth. The “Digital India” initiative taken by the Indian government witnessed more investments in the first nine months of 2017 as compared to the overall investments in 2016. The investments in 2017 were valued at USD 7.4 billion and those in 2016 were USD 4.5 billion. Thus, global enterprise resource planning technologies market will rise over the forecast period. However, combining data in case of acquisition will be a vital challenge for enterprise resource planning technology vendors and service providers. It is expected that automation of various manufacturing processes will open new avenues for enterprise resource planning technologies market through the forecast period.

Software Asset Management Market: Segmentation

Software asset management market is divided on the basis of component, deployment, industry vertical, end user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

 By component segment analysis includes solutions and services.

By deployment segment analysis includes cloud and on premises.

By end user segment analysis includes small & medium enterprises (SMEs) and large enterprises.

By industry vertical segment analysis includes retail, BFSI, IT & telecom, healthcare, government sector, energy and power, manufacturing and others.

The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Software Asset Management Market: Report Scope

Software Asset Management Market: Competitive Space

Prominent players in software asset management market are Microsoft Corporation, CA Technologies, BMC Software, Inc., Symantec Corporation, Aspera Technologies, IBM Corporation, Ivanti, Micro Focus International plc, and Snow Software AB among others.

Software Asset Management Market: Regional Insights

Asia Pacific region is estimated to grow at a notable rate in the global software asset management market over the coming years. China and India are anticipated to generate huge demand for the market in this region. Europe is anticipated to hold a substantial share in the market from 2019 to 2025 considering the growing demand for the software in manufacturing sector.

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The report segment of global software asset management market as follows:

Global Software Asset Management Market: Component Segment Analysis

• Solutions
• Services

Global Software Asset Management Market: Deployment Segment Analysis

• Cloud
• On Premises

Global Software Asset Management Market: End User Segment Analysis

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Global Software Asset Management Market: Industry Vertical Segment Analysis

• Retail
• BFSI
• IT & Telecom
• Healthcare
• Government Sector
• Energy and Power
• Manufacturing
• Others

Global Software Asset Management Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa