The Europe Software Asset Management Market would witness market growth of 16.5% CAGR during the forecast period (2021-2027).
SAM solutions assist companies to reduce their overall software cost, improve compliance and enhance procedures for employee software requests. The companies’ ability to update, replace, or improve the whole skillset can become drastically impaired. Moreover, companies are facing challenges in terms of the increasing support and managing costs of these crucial assets, which may hamper the growth of the market.
In order to be successful, companies need to adhere to the crafted policies, control licensing, and assured security for the internal network. Thus, software license management tools are estimated to fuel the growth of the market in the upcoming years.
The growing awareness among the organization about the importance of software asset management solutions is among the key aspects augmenting the growth of the regional software asset management market. Along with that, the rising adoption of the latest technologies and solutions across this region is also estimated to bolster the growth of the market in the coming years.
The License Management market dominated the Europe Solution Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $287.4 million by 2027. The Contract Management market is anticipated to grow a CAGR of 14.4% during (2021 - 2027). Additionally, The Audit and Compliance Management market would witness highest CAGR of 16.2% during (2021 - 2027).
Based on Component, the market is segmented into solutions and services. Based on Deployment Type, the market is segmented into On-premise, and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on End User, the market is segmented into Manufacturing, BFSI, IT & Telecom, Healthcare, Retail & Ecommerce, Government, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Software Asset Management Market Size will Hit $5,370.4 Million by 2027, at a CAGR of 17.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Snow Software AB, USU Software AG, Ivanti, Inc. (Clearlake Capital Group, L.P.), BMC Software, Inc., ServiceNow, Inc., Certero, Matrix42 AG (Corten Capital), Broadcom, Inc., Eracent, and Scalable Software.
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
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