Software licencing market to expand at a CAGR of 13% by 2030 to value USD 5 billion – Report by Market Research Future (MRFR)

Market Research Future Insights:

According to MRFR analysis, Software Licencing Market is expected to reach USD 5 billion by 2030, at a CAGR of 13% during forecast period 2021 – 2030. The need to address piracy-related issues is anticipated to be the key driver of the market.

An agreement between a software seller and a user outlining their duties is referred to as software licencing. It may also impose several restrictions related to the use of software. Software licences give users the freedom to make one or more copies without violating the author’s rights.

The lack of internal cross-functional collaboration may be a major barrier to the expansion of the software licencing sector. The administration of numerous licencing models is another significant restraint that may prevent the market from expanding. There are a few obstacles that the market can encounter throughout the forecast period in addition to the drivers. The market for software licencing may be challenged by the surge in demand for open-source platforms, which could have a detrimental impact on the software licencing sector.

The market is expanding because of several factors, including an increase in the need for piracy issues to be resolved and an increase in audit operations. Optimising the requirements of a licence compliance audit is another important component that propels the market’s expansion.

In all software-related industries, including the automobile, telecommunications, and healthcare sectors, the software or platform is becoming increasingly crucial. According to the norms and regulations, software is now increasingly prevalent for the devices that are mostly used in the healthcare industry. Manufacturers of Software as a Medical Device (SaMD) products in Australia must be covered by the therapeutic goods legislation to receive the conformity assessment certification.

Click Here to Get Sample Premium Report

Key Players:

List of Key Companies

• Flexera Software (US)
• IBM Corporation (US)
• Muduslink Global Solutions Inc. (US)
• Inishtech Technology Ventures Ltd. (Ireland)
• Microsoft Corporation (US)
• Accenture Plc. (Ireland)
• Safenet Inc. (US)
• Agilis International (US)
• Dimension Data (South Africa)
• HP Inc (US)
• Vector Networks (US)
• DXC Technology Company (US)
• Gemalto MV (Netherlands)
• Reprise Software (US)
• Snow Software (Sweden)

Scope of the Report – Software Licensing Market:

Buy Now Premium Research Report – Get Comprehensive Market Insights.

Market Segmentation:

The market is segmented based on end-user, deployment, and licensing type.
By Deployment, the market is segmented into On-premise, Cloud-based, and Others.

By Licensing type, the market is segmented into GNU General Public License, Workstation Licenses, Proprietary license, Concurrent use license, End User License Agreement, and Others.

By End-User, the market is segmented into BFSI, Human resources, Education and Research, Government and Defense, Healthcare and Life Sciences, Manufacturing, and Others.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Software Licensing Market – https://www.marketresearchfuture.com/reports/software-licensing-market-3848

Regional Analysis:

Europe is anticipated to have the greatest market share for software licencing among these five areas. The implementation of the software licencing market, which is primarily split into two halves, is what has caused this increase in Europe. One is cloud-based, and the other is on-premises. North America is the largest region for the software licencing market by revenues due to the presence of significant vendors. As a result, it is anticipated that throughout the projection period, the market for software licencing may experience considerable expansion in the North American area. Asia Pacific may also experience strong development in the global software licencing market due to the region’s increased use of commercial SLM systems in place of native ones.

Related Reports:

Smart Sensors Market Size, Share and Research Report- Forecast to 2030

System Monitoring Market Growth Analysis and Research Report – Global Forecast till 2032

Structured Cabling Market Overview, Trends and Research Report – Global Forecast to 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Tags: Software Licensing Market Insights, Software Licensing Market, Software Licensing Market Growth, Software Licensing Market Analysis, Software Licensing Market Demand, Software Licensing Market Trends, Software Licensing Market Overview, Software Licensing Market Report See Campaign: https://www.marketresearchfuture.com/reports/software-licensing-market-3848

Contact Information:

Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com

Tags:
Research Newswire, English