According to Market Research Future (MRFR), the global software licensing market size is projected to grow at USD 14.34 Billion with a CAGR of 8.6% from 2020 to 2030 (forecast period). The report summarizes the main factors that are likely to boost or impede the global software licensing market development. The report also elaborates the future effects of COVID-19 on the development of the global software licensing market.
Software licensing is an agreement between the user and the software vendor to define the responsibilities of both parties; it can also place limitations on the use of the software. Software licenses usually give end-users the right to one or more software copies without breaching copyrights. Software licensing agreements contain, in particular, warranties disclaimers and limitations on the liability of the software if the software/platform or its usage infringes intellectual property rights.
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Market Dynamics
The global software licensing market will expand with the demand of large IT companies such as IBM, Microsoft, and Accenture. These software licenses are required to comply with the applicable laws and regulations, resulting in significant penalties for non-compliance. Several organizations provide the free and open licensing domain, which provides the guidelines and definitions regarding software licenses. Nevertheless, the implementation of software license solutions helps in providing control over piracy to a large extent. In addition, software license management includes keeping track of and maintaining the license. The main driver of growth is the need to reduce the issues of piracy.
Market Segmentation
The global market for software licensing has been segmented based on licensing type, deployment, and end-users.
Based on licensing type, the global software licensing market has been segmented into proprietary license, GNU general public license, end-user license agreement, workstation licenses, concurrent use license, Others.
Based on deployment, the global software licensing market has been segmented into cloud-based, on-premise, and others. The study shows that the on-premises segment dominated the software licensing market in 2016, accounting for a market share of more than 53%. However, this segment will descend during the forecast period due to its high maintenance costs. It has also been noted that vendors that do not provide cloud-based solutions will face intensified competition in the coming years as companies prefer cloud over on-premise solutions.
Based on end-user, the global software licensing market has been segmented into healthcare and life sciences, government and defense, human resources, manufacturing, BFSI, education and research, and others.
Regional Analysis
The regional analysis of the global software licensing market is being studied for regions such as Europe, Asia Pacific, North America, and the rest of the World.
Europe is among the leading regions in terms of the largest share in the software licensing market due to the deployment of the market, which has been split into cloud-based and on-premises. North America is the dominant region for the licensing industry by revenues, owing to the presence of major vendors. In comparison, Asia Pacific countries such as China, Japan, and South Korea are developing software licensing markets.
Key Players
The key participants identified by MRFR in the global software licensing system market are Accenture Plc. (Ireland), Inishtech Technology Ventures Ltd (Ireland), IBM Corporation (U.S), Agilis International (U.S), HP Inc. (U.S), Dimension Data (South Africa), Microsoft Corporation (U.S), and Moduslink Global Solutions, Inc.(U.S), Flexera Software (U.S), Safenet Inc. (U.S) among others.
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