Software Licensing Market – Overview
With the widespread availability of software and the ability of users to access it easily has given way to various copyright related issues. Market Research Future which concentrates on market reports linked to the semiconductors and electronics sector amongst others recently made available a report on this sector. The software licensing industry is estimated to develop at an 8.6 per cent of CAGR between 2017 and 2023 while earning revenues worth USD$ 14.34 billion in the forecast period.
The necessity of complying with relevant laws and regulation has given further importance to the demand for software licensing. The prevalence of software piracy has further boosted the demand of the market and has also significantly increased the number of suppliers in the market space. Software licensing is also considered time and labor effective as it reduces the need for unnecessary regulation and expensive legal procedures.
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Industry Buzz
June 2019, Applitools announced the introduction of a version of its flagship product named Applitools Eyes, one which is now available for open source libraries. Additionally, the company launched free open source software licensing.
June 2019, STEALTHbits Technologies Inc., a leading cybersecurity solution provider that lays its focus on securing and protecting the sensitive data of an organization and attaining credentials of the attackers, made the announcement concerning their continuous commitment to maintain their flexibility and remain in accordance to customer preference in regard to software licensing.
Key Players:
The prominent players in the Software Licensing Market are –Accenture Plc. (Ireland), IBM Corporation (U.S), Agilis International (U.S), HP Inc. (U.S), Dimension Data (South Africa), Inishtech Technology Ventures Ltd (Ireland), Flexera Software (U.S), Microsoft Corporation (U.S), and Moduslink Global Solutions, Inc.(U.S), Safenet Inc. (U.S) among others.
Market Segmentation
The global software licensing market has been segmented in terms of licensing type, end-user, and deployment.
- By licensing type, the market breaks down into GNU General Public License, Proprietary license, Concurrent use license, End User License Agreement, Workstation licenses, and others.
- By deployment, the market divides into on-premise, cloud-based, and others. The report by MRFR highlighted that the on-premise segment led the global software licensing market back in 2016. It enjoys a share percentage of more than 53% of the entire global market. However, its share portion will reduce over the forecast period owing to the high maintenance cost associated with it. It was also noted that vendors who do not offer cloud-based solutions will face monumental competition and lag in the standing order in the coming years as businesses, nowadays, are shifting their preference from on-premise solutions to the cloud.
- By end-user, the market comprises Manufacturing, Healthcare and Life Sciences, BFSI, Human Resources, Education and Research, Government and Defense, and others.
Detailed Regional Analysis
The global software licensing market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Europe is one of the leading region across the world in terms of largest market share in Software Licensing market due to the deployment of the market, that has been divided into cloud-based and on-premises. North America is the leading region for the licensing market by revenues, due to the presence of major vendors. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for Software Licensing market. But this market has huge potential for growth of Software Licensing market.
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Intended Audience
- Software Licensing Providers
- Government and licensing Providers
- Law enforcement
- Consultancy firms/advisory firms
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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