License Management Market Outlook 2024 By Size, Share, Trends, Deployment Type, Opportunities | Industry Statistics
According to TechSci Research, Global License Management Market is expected to reach USD 1.2 Billion by 2024, witnessing growth at a CAGR of over 12%, in value terms, owing to increased adoption of license management in end-user industries such as IT, Banking, Financial Services & Insurance, etc to increase operational transparency which avoids litigation costs that are associated with misuse of software. Moreover, the need to optimize software investments and the rising need to reduce software piracy will drive the Global License Management Market further. Based on components of the License Management market, the software component owing to its applications such as management of license compliance, reducing overall IT costs, security, and lowering the risk of non-compliance. Based on the deployment type, Cloud segment is expected to lead the market due to widespread adoption of cloud computing. North America is expected to dominate the global License Management market as cons...