Software license management refers to the software tools or processes used by an organization to control and document where and how the company’s software products are able to run in order to enforce and ensure compliance with software licenses (also known as an End-User License Agreement, or EULA).

License management tools are also employed by software vendors to monitor and ensure compliance with the developer’s software license. These tools help prevent the developer’s software from being copied, shared or otherwise illegally used (pirated) by non-licensed users. License management on the software vendor’s side may also involve creating trial, personal, corporate and/or subscription-based license keys via a license generator; software product activation; product deactivation; and similar tasks.

The major drivers for the adoption of software licensing are piracy and malware. Software licensing act is an agreement to solve these issues. It provides the rights to use packaged software or components of software. The use of a software without proper licensing would constitute an infringement of copyright laws. All enterprise applications are offered to end-users through licenses. Software licenses are of different types; some are based on the number of users that are allowed to use the program and others are based on the number of systems on which a program can be run.

According to the authoritative institutions predict, the global software license management market is expected to grow at a CAGR of 9.0% over the period 2016-2020. In terms of region, North America occupies the largest market share, Asia-Pacific is the fastest growing market, and is also the largest demand market.

Currently the key vendors of software license management are Flexera Software, ManageEngine, Agilis, Reprise Software, SafeNet, Snow Software, Wibu-Systems, IBM, InishTech, X-Formation among others.

Read Full Report: http://www.gosreports.com/global-software-license-management-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
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