According to the Global Software License Management Market 2016-2020 report by ReportsWeb, the global software license management market is expected to grow at a compound annual growth rate (CAGR) of 8.8% through 2020. This comprehensive report explores the software license management market from all angles, revealing both present scenarios as well as future growth prospects. It also covers market size, trends, development challenges and more. So, what’s fueling the global software license management market’s growth? According to this report, one of the primary market drivers is a rise of license compliance audits. Companies conduct their own internal audits to ensure they have valid licenses to use software. And if they don’t, they’ll purchase the necessary license.
But there are also some challenges faced by companies in the global software license management market, one of which is the management of multiple licensing models. Some licenses provide full usage rights, whereas others provide limits rights. The nuances between the different models can be confusing to say the least.