Software Licensing refers to an agreement that takes place between a software vendor and a user in order to explain their responsibilities. It can also impose various restrictions that are associated with software usage. Software licenses provide the users with the authority to one or more than one copy without breaching the copyright. The agreements of software licensing mainly consist of disclaimers, warranties, and disadvantages of software liability. The global software licensing market is expected to grow along with the increase in demand for large IT enterprises such as Accenture, IBM, and Microsoft. The market of software licensing may witness a significant growth and reach a valuation of USD 5 billion by the end of 2030 at a CAGR of 13%. The main factor that is expected to drive the market can be the necessity to reduce the issues related to piracy. COVID-19 Analysis Due to the sudden outbreak of the COVID-19 pandemic, various industries and businesses have come to a halt. There is a huge loss of lives along with a major downfall of the economy. The demand and supply chains have been disrupted for the pandemic. Along with other global markets which include manufacture, finance, and tourism, the software licensing market has also been hit hard. However, it is expected that the market will overcome the downfall soon after the pandemic.
Expansion of the market is a great opportunity that can lead the software licensing business towards growth. An increase in cloud governance may offer the market an opportunity to expand which in turn will provide a major opportunity for the market of software licensing.RestraintLack of internal cross-functional collaboration might pose a huge restraining factor for the growth of the software licensing market. Another major restraining factor that can impede the growth of the market is the management of many licensing models.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 5 Billion (2030) |
| CAGR | 13% (2021-2030) |
| Base Year | 2019 |
| Forecast Period | 2021-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Licensing Type, By Deployment |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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) |
| Key Market Opportunities | To provide insights about factors affecting the market growth. |
| Key Market Drivers | The key growth driver is the need to reduce piracy issues. |
Software Licensing Market Highlights:
Frequently Asked Questions (FAQ) :
global software licensing market valuation can reach USD 5 billion by 2030.
global software licensing market is predicted to grow at 13% CAGR from 2021-2030.
global software licensing market is expected to thrive till 2023 owing to affordable licenses available to the public can curb piracy rates.
Europe can be lucrative for the global software licensing market owing to large sales of software and presence of key software manufacturers.
HP Inc., Flexera Software, Accenture Plc., Inishtech Technology Ventures Ltd, Moduslink Global Solutions, Inc., IBM Corporation, Safenet Inc., Agilis International, Microsoft Corporation, and Dimension Data are reputed vendors of the global software licensing market.
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Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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