Software Licensing Market Analysis, Development Plans and Forecast to 2030
Software Licensing Market: Overview:
The Software Licensing Market is expected to grow USD 5 Billion by 2030 at a CAGR of 13% during the forecast period, 2021-2030. The growth of the market is attributed to the increasing adoption of cloud-based software, the growing demand for mobile applications, and the increasing need for security and compliance.
Key Players:
Some of the key players in the software licensing market are
Adobe
Microsoft
Oracle
IBM
SAP
CA Technologies
Symantec
VMware
Intuit
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Segmentation:
The software licensing market can be segmented on the basis of type, deployment, end-user, and region.
By Type
The software licensing market can be segmented into perpetual licensing, subscription licensing, and pay-per-use licensing. Perpetual licensing is a type of software licensing that allows users to own the software outright. Subscription licensing is a type of software licensing that allows users to access the software for a period of time, typically on a monthly or annual basis. Pay-per-use licensing is a type of software licensing that allows users to pay for the software only when they use it.
By Deployment
The software licensing market can be segmented into on-premises deployment and cloud-based deployment. On-premises deployment is a type of software licensing that requires users to install the software on their own servers. Cloud-based deployment is a type of software licensing that allows users to access the software over the internet.
By End-User
The software licensing market can be segmented into small and medium businesses (SMBs) and large enterprises. SMBs are businesses with fewer than 100 employees. Large enterprises are businesses with more than 100 employees.
By Region
The software licensing market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is the largest market for software licensing, followed by Europe and Asia Pacific.
Drivers:
Increasing Adoption of Cloud-Based Software
One of the major drivers of the software licensing market is the increasing adoption of cloud-based software. Cloud-based software is a subscription-based model that allows users to access software applications over the internet. This model is gaining popularity due to its flexibility, scalability, and cost-effectiveness.
Growing Demand for Mobile Applications
Another major driver of the software licensing market is the growing demand for mobile applications. Mobile applications are software programs that are designed to run on mobile devices such as smartphones and tablets. The demand for mobile applications is growing due to the increasing penetration of smartphones and tablets in the global market.
Increasing Need for Security and Compliance
The increasing need for security and compliance is also driving the growth of the software licensing market. Organizations are increasingly adopting software licensing solutions to protect their data and comply with regulatory requirements.