The report forecasts the global software license management market to grow at a CAGR of 8.8% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Virtualization maximizes the capabilities of a PC or server. New server environments can be implemented without new hardware, lots of machines can be supported by a single physical server, and applications also can easily be streamed from server to a desktop. Virtualization, which is a rapidly growing technique in the software industry, help organizations reduce the costs associated with the IT infrastructure and management. Virtualization is divided into two categories: hardware virtualization and software virtualization.
According to the report, a key growth driver is the need to reduce piracy issues. Reducing the adoption and penetration of pirated software is the need of the hour in the software industry. Software piracy is very common in the business-to-customer market. Piracy of any software decreases the revenue generated by software publishers.
With the implementation of software license management solutions, piracy can be controlled to a large extent. Software license management involves keeping track of the software and its maintenance. With the help of this, end-users will be able to know that the piracy of the software has occurred, and measures can be taken as soon as detection is made.
Further, the report states that a major factor is the lack of internal cross-functional collaboration.