Global Software Asset Management (SAM) Software Market by Type (On-premises, Cloud Based), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global software asset management (SAM) software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing adoption of cloud-based SAM solutions by small and medium enterprises (SMEs) and large enterprises, and the growing demand for SAM solutions from emerging economies such as Asia Pacific and Latin America. On-premises SAM solutions are expected to dominate the global SAM software market in terms of revenue in 2018. However, cloud-based SAM solutions are projected to grow at a higher CAGR during the forecast period owing to their advantages such as lower total cost of ownership, faster deployment time, and scalability. In terms of application, SMEs are expected to account for the majority share of the global SAM software market in 2018.



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Product Definition:

Software asset management (SAM) is a term for the active management of software licenses and usage within an organization. SAM covers all software, from desktop applications to operating systems, middleware, and cloud services. The goal of SAM is to ensure that the organization has the correct number of licenses for its installed base, that those licenses are properly deployed and managed across users and devices, that no unauthorized software is in use, and that users have appropriate access to the software they need to do their jobs.

The importance of SAM cannot be overstated. In many organizations, uncontrolled or unmanaged software can lead to a host of problems including: wasted licensing costs; decreased security as unlicensed or unauthorized software may not have been patched or updated; increased IT support costs as users struggle with incompatible or unsupported applications; increased vulnerability to malware attacks as unlicensed programs may not include anti-virus protection; and compliance risks if certain types of unlicensed software are used in business processes.

On-premises:

On-premises, it's usage.

The on-premises software asset management solution is a practice of maintaining all software required to run the business on the company’s own server. The advantages of this approach are that all applications will be available for users without any third party intervention. Also, there will be no risk of data theft as access to information can only be granted to employees with a password.

Cloud Based:

Cloud-based software asset management is a new term in the SAM industry. It is used to collectively refer to the practices, systems and technologies that are used for managing digital assets including source code, application software and data. The cloud-based approach provides several benefits such as on-demand availability of computing resources coupled with virtualization technology which helps in improving resource utilization efficiency.

Application Insights:

The software asset management solutions are deployed across various applications in the organizations such as Small and Medium-sized Enterprises (SMEs) and large enterprises. Large enterprises have more resources to invest in developing, acquiring, and maintaining a software portfolio than SMEs. Thus, large enterpriseSAM solutions were prominent segmented in the global market while accounting for over 60% of the overall revenue share in 2017.

The cloud based SAM tools are preferred by many SMEs as they offer easy access to their entire IT stack from one place thus making it easier for them to manage their operations.

Regional Analysis:

North America accounted for the largest market share in 2016 and is expected to continue leading over the forecast period. The growth can be attributed to increasing awareness about software asset management, high availability of skilled resources, and rapid technological advancements.

The Asia Pacific SAM software market is anticipated to witness significant growth over the forecast period owing to improving economic conditions in countries such as India and China. Increasing investments by governments in order to improve infrastructure are driving demand from various sectors such as healthcare, manufacturing, retail etc., thereby fueling industry growth across this region.

Growth Factors:

Increased focus on compliance and security: As organizations grow in size and complexity, they are increasingly focused on ensuring compliance with government regulations and protecting their data from unauthorized access. Software asset management is critical to both of these objectives, as it enables organizations to track software licenses and usage across all devices in order to ensure compliance with licensing agreements and avoid over- or under-utilization of software licenses that could lead to security vulnerabilities.
The need for cost savings: With budgets tight, organizations are looking for ways to reduce costs wherever possible, including through better management of their software assets. Software asset management can help identify opportunities for cost savings through more efficient license utilization, optimized procurement processes, improved maintenance contracts, etc.
The rise of cloud computing: Cloud computing is rapidly becoming the preferred delivery model for enterprise applications due to its many benefits such as scalability, flexibility and reduced Total Cost of Ownership (TCO). However, moving applications to the cloud also creates new challenges around tracking usage rights and managing license entitlements across multiple environments (on-premises vs cloud). Software asset management solutions that can span both on-premises and cloud deployments are essential in order to manage these complexities effectively.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Software Asset Management (SAM) Software Market Research Report
By Type
On-premises, Cloud Based
By Application
SMEs, Large Enterprises
By Companies
Snow Software, Flexera, BMC Software, Microsoft, Ivanti, ServiceNow, Certero, USU Software, Micro Focus (Formerly HPE), License Dashboard, ManageEngine (Zoho Corp), Cherwell Software, Scalable Software, Broadcom, Axios Systems, Freshworks, Eracent, Matrix42, AssetSonar, SoftwareONE, InvGate, Symphony, Lansweeper, SysAid Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.

Global Software Asset Management (SAM) Software Market Report Segments:
The global Software Asset Management (SAM) Software market is segmented on the basis of:
Types
On-premises, Cloud Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Snow Software
Flexera
BMC Software
Microsoft
Ivanti
ServiceNow
Certero
USU Software
Micro Focus (Formerly HPE)
License Dashboard
ManageEngine (Zoho Corp)
Cherwell Software
Scalable Software
Broadcom
Axios Systems
Freshworks
Eracent
Matrix42
AssetSonar
SoftwareONE
InvGate
Symphony
Lansweeper
SysAid Technologies



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Highlights of The Software Asset Management (SAM) Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-premises
Cloud Based
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Software Asset Management (SAM) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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