Global Software Asset Management Market Set to Achieve $51.36 Billion Milestone with Sustained 14.1% CAGR

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At what pace is the software asset management market growing, and what is its estimated value?

The software asset management market size has grown rapidly in recent years. It will grow from $3.64 billion in 2024 to $4.36 billion in 2025 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to growing complexity of software licensing, growing adoption of cloud technologies, rise in cloud adoption, increasing complexity of software management, rising demand for an optimized asset.

The software asset management market size is expected to see rapid growth in the next few years. It will grow to $8.93 billion in 2029 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to rise of cloud-based and SaaS solutions, rising adoption of the Boyd culture, increasing number of audits, increasing complexity of modern IT environments, increasing rate of tech startups. Major trends in the forecast period include technological advancements, adopt cloud-based solutions, advanced SAM technologies, digital transformation initiatives, demand powerful tools.

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What are the top drivers to the rising demand in the software asset management market?
The increasing adoption of cloud and SaaS solutions is expected to propel the growth of the software asset management market going forward. Cloud-based solutions are services or applications hosted on remote servers and accessed over the internet, while SaaS (Software as a Service) solutions provide software applications that are delivered and managed via the cloud, eliminating the need for local installations or infrastructure. The adoption of cloud-based and SaaS solutions is on the rise due to their scalability, cost-effectiveness, remote accessibility, and ability to streamline software management with automated updates and enhanced security. Software asset management (SAM) facilitates the adoption of cloud and SaaS solutions by providing visibility into software usage, optimizing license management, ensuring compliance, and controlling costs, enabling organizations to transition smoothly to cloud-based environments. For instance, in September 2022, according to the report published by Google Cloud, a US-based cloud computing service, the use of multiple public clouds increased 26% in 2022, from 21% in 2021. Further, hybrid cloud utilization has also intensified, from 25% in 2021 to 42.5% in 2022. Therefore, the increasing adoption of cloud and SaaS solutions is driving the growth of the software asset management market.

How is the software asset management market segmented?
The software asset management market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Model: On-premise, Cloud-based
3) By Organization Size: Small, Medium, Large
4) By End-User: Banking Financial Services And Insurance (BFSI), Information Technology (IT) And Information Technology Enabled Services (ITeS), Telecom, Manufacturing, Retail And E-Commerce, Government, Healthcare And Life Sciences, Education, Media And Entertainment

Subsegments:
1) By Solutions: Software License Management, Software Compliance Management, Software Deployment And Installation, Software Inventory Management, Software Usage Tracking
2) By Services: Consulting And Advisory Services, Implementation And Integration Services, Training And Support Services, Managed Services, Maintenance And Upgrades

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Who are the top competitors in the software asset management market?
Major companies operating in the software asset management market are Microsoft Corporation, Deloitte Touche Tohmatsu Limited, International Business Machines Corporation (IBM), Broadcom Inc., HCL Technologies, ServiceNow Inc., Ivanti Inc., Symphony SummitAI, Flexera Software, Snow Software, USU Software AG, Matrix42 AG, Alloy Navigator Inc., Zluri Technologies Inc., BMC Software Inc., Anglepoint Inc., SysAid Technologies Ltd., Livingstone Technologies Ltd., Belarc Inc., Eracent Inc., Asset Panda Inc., Xensam Technologies Inc., Certero Ltd., ITAM Review Ltd., Softline International.

What significant trends should we anticipate in the software asset management market over the forecast period?
Major companies operating in the software asset management market are developing automated solutions to enhance software tracking, optimize license usage, and ensure compliance with regulatory requirements. Automated solutions leverage artificial intelligence (AI), machine learning (ML), and cloud-based technologies to streamline software audits, detect unused or underutilized licenses, and minimize financial risks associated with non-compliance. For instance, in March 2023, Anglepoint Inc., a US-based technology asset management services company, launched the IBM Licensing for Software Asset Management app, which allows the ability to measure IBM sub-capacity for software under the IBM authorized SAM provider (IASP) program, simplifying the management of IBM software licenses within the ServiceNow platform. It provides access to IBM licensing expertise, enhances visibility and confidence in managing IBM assets, identifies opportunities for cost reduction, and integrates seamlessly with ServiceNow's Software Asset Management Platform (SAMP), ensuring better optimization of IBM software licensing spend.

Which regional trends are influencing the software asset management market, and which area dominates the industry?
North America was the largest region in the software asset management market in 2024. The regions covered in the software asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does The Software Asset Management Market Report 2025 Offer?
The software asset management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Software asset management (SAM) refers to the strategic process of managing, tracking, and optimizing software assets within an organization to ensure compliance, reduce costs, and maximize efficiency. SAM solutions help businesses monitor software usage, manage licenses, prevent overspending, mitigate security risks, and ensure adherence to regulatory requirements. By leveraging automation, cloud-based platforms, and AI-driven insights, SAM enables organizations to gain better control over their software environment, streamline IT operations, and enhance overall software governance.

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