The North America Software Asset Management Market would witness market growth of 15.5% CAGR during the forecast period (2021-2027).
The growing requirement for better management of the lifecycle of assets is estimated to surge the growth of the software asset management market during the forecast period. In addition, factors like the rising number of audits in a company, huge spending on the licenses and over compliances, and the complicated nature of the licensing schemes, would fuel the growth of the market.
Virtualization and cloud solutions are the major technological trends happening in the software asset management market, which would create lucrative opportunities for the key market players in the coming years.
Software asset management helps companies to manage their wide array of software, their licenses and help them to avoid overbuying different software. The rising digitalization and virtualization across the world are creating more demand for advanced management solutions, which would surge the demand for software asset management solutions in this region.
The Solution market dominated the North America Software Asset Management Market by Component 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,092 million by 2027. The Services market is expected to witness a CAGR of 17.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Software Asset Management Market is Estimated to reach $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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