The Latin America, Middle East and Africa Software Asset Management Market would witness market growth of 20.6% CAGR during the forecast period (2021-2027).
SAM tools fall under the category of IT Asset Management (ITAM) tools. In addition, SAM tools also record license agreement terms in code, determine cost implications, automate the accumulation of software usage data and assist enterprises to optimize software spending.
Large corporations highly adopt SAM tools to re-distribute licenses and manage legal risks related to software ownership and expiration. Additionally, SAM tools monitor license expiration, and therefore, help companies to work ethically and following the software compliance regulations. This could be a crucial for two factors i.e. cutting down legal costs related to licensing agreement violations as well as supporting the reputation management strategy of a company.
The untapped potential of this region is attracting key SAM companies to enter this region, which is estimated to bolster the growth of the regional software asset management market in the forecast period. Additionally, as digitalization is gaining more momentum among the companies of this region, the growth of the regional software asset management market would fuel during the forecast period.
The On-premise market dominated the LAMEA Software Asset Management Market by Deployment Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $293 million by 2027. The Cloud market is exhibiting highest CAGR of 21.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Software Asset Management Market is Predict to reach $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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