Software License Management Market Segmentation:
Deployment Type Segment Analysis
Cloud-based segment is anticipated to have the largest market share of 58% during the assessed time. The exponentially rising trajectory of growth is backed by rising incorporation for cloud-based solutions globally. Factors such as rising adoption of SaaS and increasing remote work solutions are augmenting the segment’s growth. Adopting cloud-based services also provides the users access to features and services based on changing demand. These solutions are ideal for organizations that want to reduce the burden from their IT team.
End-User Segment Analysis
The largest share of the market is going to be held by the BFSI. The main driver of this will be the growing number of bank account holders. Banks are working towards providing their customers with contactless services and switching to a paperless system. In 2022, Journal of Emerging Technologies and Innovative Research 33% of bank employees strongly agree that paperless banking is more effective and less time consuming. Most of the banks are converting their documents into digital formats and availing services such as software license management on a large scale. These factors are acting as a catalyst for the segment growth in the assessed time.
Our in-depth analysis of the global software license management market includes the following segments:
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End user |
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