License Management Market Overview
The global license management market was valued at USD 977 million in 2021, and it is projected to reach USD 1,723.6 million by 2027, registering a CAGR of 10.07% during 2022-2027. License management is a powerful tool that an organization uses to document and manage its software licenses to ensure compliance with the developer’s software license. License management enables companies to control all agreements, contracts, license entitlements, and software inventory from a centralized location. The Business Software Alliance (BSA) is a global industry organization whose mission is to advocate for legal software usage and enforce compliance among businesses. To fulfill this duty, the BSA regularly performs court-ordered audits at organizations to ensure they are compliant with all software licenses, whether small mom-and-pop shops, massive enterprises, academic institutions, or government agencies.
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License Management Market – Geographical Overview
Most of the top suppliers in the License Management Software market are headquartered in the United States – Agilis Software, IBM, Micro Focus, Oracle, to name a few. In 2021, after listening to its 55,000+ user base, MyMediabox has launched a range of additions to its licensing management software to offer users new productivity tools to aid the licensing process. The Mediabox-GD (Global Dashboard) is enhanced with graphically oriented key performance indicators (KPIs), business intelligence trends, and seamless access to all Mediabox services for licensors keeping track of countless partnerships and consumer products.
Key Highlights of the North American License Management Market
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Recent Developments in the License Management Market
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List of Key Players in the License Management Market
*List Not Exhaustive
Mordor Intelligence has segmented the global license management market based on component, deployment, application, end-user vertical, and geography:
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