The Asia Pacific Software Asset Management Market would witness market growth of 19.2% CAGR during the forecast period (2021-2027).
There are numerous functions performed by software asset management in companies including development of software portfolios, resource availability, IT infrastructures, and fulfilling the business objectives. Several companies implement SAM program, particularly, to balance out the number of software licenses a company have with the number of actual licenses used.
SAM helps in conducting thorough software inventories constantly to evaluate the exact number of software licenses used, matching this data with the number of licenses purchased, evaluating the way software is utilized as per the terms & conditions, and setting up regulations to facilitate a streamlined licensing practice every day.
As the healthcare sector across various nations like China, India, and Japan is becoming stronger, the demand for supply asset management solutions is also increasing as these solutions help healthcare organizations to improve their efficiency and better manage their operational activities.
The China market dominated the Asia Pacific Solution Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $309.8 million by 2027. The Japan market would exhibit a CAGR of 17.4% during (2021 - 2027). Additionally, The India market is experiencing a CAGR of 18.8% during (2021 - 2027).
Based on Component, the market is segmented into solutions and services. Based on Deployment Type, the market is segmented into On-premise, and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on End User, the market is segmented into Manufacturing, BFSI, IT & Telecom, Healthcare, Retail & Ecommerce, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Software Asset Management Market is Projected to reach USD 5,370.4 Million by 2027, at a CAGR of 17.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Snow Software AB, USU Software AG, Ivanti, Inc. (Clearlake Capital Group, L.P.), BMC Software, Inc., ServiceNow, Inc., Certero, Matrix42 AG (Corten Capital), Broadcom, Inc., Eracent, and Scalable Software.
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
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