New York, NY -- (SBWIRE) -- 10/27/2017 -- Software Asset Management Market: Market Overview

Due to rise in enhanced risk management and maintenance of cost, the demand for software asset management is growing rapidly. Software asset management helps in optimizing the cost and reducing risk which leads to efficient asset management in the organization. Due to the inability of tracking software licenses consumption, many organization is facing challenges in maintaining the cost of installed software. Some of the problems encountered by organizations are complex licensing agreements and inefficient deployment processes. Software asset management offers benefits such as management of investment in software assets, immediate and long-term financial benefits, protection from unintentional overuse of licenses, compliance with complex software licensing terms and protection from anti-piracy litigation, enhanced security from unauthorized software.

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Software Asset Management Market: Market Dynamics

Increased number of audits, complex licensing schemes, over compliance & higher spending on licenses are the drivers of software asset management market

Complex licensing rules as software licensing are complex and varied, and low prioritization are the challenges in software asset management market

Cloud solutions and virtualization are the latest technologies which are trending in software asset management market

Global Software Asset Management Market: Market Segmentation

Segmentation Overview

Software Asset Management market divided into three segments, based on technology tools, enterprise type, deployment type, applications, end-user industries, and region.

Segmentation by technology tools in Software Asset Management market:

Software inventory tools
License manager solutions
Software metering tools
Application control tools
Software deployment tools
Patch management tools
Request management tools
Product catalog tools
Segmentation by enterprise type in Software Asset Management market:

Small and medium enterprise
Large enterprise
Segmentation by applications in Software Asset Management market:

Software compliance
Audit management
Vendor management
Segmentation by deployment type in Software Asset Management market:

On-premise
Cloud-based
Segmentation by end-user industries in Software Asset Management market:

Transportation
Healthcare
Government
Manufacturing
Oil and Gas
Utilities
Others

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Global Software Asset Management Market: Competition Landscape

Few prominent players in Software Asset Management market include Flexera Software LLC, Microsoft Corporation, HP Inc., Snow Software AB, LANDesk International Ltd, Matrix42, Aspera GmbH, 1E Ltd., Eracent Inc., Centrix Software Ltd., Cherwell Software, LLC and IBM Corporation.

Software Asset Management Market: Regional Outlook

North America presently leads the global software asset management market owing to the massive growth of the IT industry and growing awareness of software asset management solutions. Organizations have been highlighting on the decreasing operational expenditure by cost optimization in software asset management. Asia-Pacific and Western Europe are expected to grow rapidly owing to increased adoption of cloud-based solutions and virtualization in the forecast period.