Global Market Size of License Management Market – 10 Year Market Forecast

ICT

License Management Market Size Forecast 2022-2029

License management is a software management tool used by independent software vendors or by end-user organizations to control and document the software products your business uses. Over the forecast period, North America is expected to be the largest consumer in the license management market with the highest growth rate and a majority of the market shares. The global license management market size is anticipated to grow from USD 1.25 billion in 2022 to USD 2.57 billion by 2029, registering a CAGR of 10.85%. The cumulative market size is calculated to be USD 16 billion.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• Which factor offers new opportunities for the market players in the license management market?

• Growing cloud hosting business offers new opportunities for the market players in the license management market.
• What is the main factor driving the market growth?

• The rising demand to optimize software investments is the main factor driving the market growth.
• What is the major application area in the market?

• The major application area in the market is license entitlement and optimization.
• Who are the key market players in the license management market?

• The key market players in the license management market are DXC Technology, IBM, Oracle and ServiceNow Inc.

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