India License Management Market to be dominated by Growing Need of Reducing Software Piracy through 2029
Growing adoption of license management in banking,
financial services, and insurance is expected to drive the market of India License
Management Market.
According to
TechSci Research report, India License Management Market - By Region,
Competition Forecast & Opportunities, 2029, the India License
Management Market is anticipated to register a robust growth during the
forecast period, 2025-2029 the growth is anticipated to the growing adoption of
license management in banking, financial services, and insurance. The
increasing cyber-attacks across various end-use industries has led to an
increased focus on license management to overcome the situation and eliminate
the risk of pirated software. Advanced integrated technology with an innovative
offering and increase in audit and license compliance activity has propelled
the growth of India License Management Market.
To maintain
compliance with end user license agreements, licensing management is a software
program that aids businesses in managing and archiving goods. The monitoring
and tracking of items and their licenses as well as the prevention of
unauthorized use are all made possible by licensing management software. Additionally,
Licensing management has a number of advantages, including the preservation of
wealth by proactive management and appropriate techniques, aiding in wealth
transfer from one generation to the next through smart asset allocation, and
reducing risks through investment divestitures. Furthermore, the need for a
single licensing management platform that would optimize software investments,
lower costs, boost company-wide software utilization, and guarantee adherence
to the developer's software license. The demand for adoption of license
management is increasing owing to the utilization of cutting edge license
management services by the several industries such as healthcare, government,
BFSI, etc. Moreover, the increasing demand to optimize software investments and
growing requirement for audit-readiness among organizations are expected to
boost the growth of the India License Management Market across the region.
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India License
Management Market is segmented into component, deployment type, application
area, end-user, and region. Based on component, the market is bifurcated into
software and service. The service market is further segmented into professional
services and managed services. Based on deployment type, the market is
segmented into clouds and on-premises. Based on application area, the market is
categorized into audit services, advisory services, compliance management,
license entitlement & optimization, operations & analytics, software inventory
management, usage monitoring, and others. Based on end-user, the market is
bifurcated into information technology, BFSI, telecom, retail & consumer
goods, healthcare, media & entertainment, manufacturing, and others.
Based on deployment mode, cloud-based segment is expected to dominate
in the India License Management Market owing to the growing adoption of cloud-based
solutions in multiple industries as it offers enterprises the competitive
advantages such as remote accessibility, direct IT control, internal data
delivery & handling, faster data processing, robust deployment, cost-effectiveness,
and efficient resource utilization. Furthermore, the proliferation of Industry
4.0 with the integration of Industrial Internet of Things (IoT), Artificial
Intelligence (AI) and Machine Learning are playing a significant role, enabling
the adoption of cloud-based license management solutions in the Indian market.
Based on end-user type, healthcare is expected to dominate the India
License Management Market as the healthcare industry has unique needs when it
comes to cloud services, software licensing, and information technology
security. Additionally, healthcare sector needs to keep their devices compliant
and secure. Software advisory services are offering end-to-end protection of
privacy of each patient and secure sensitive data. Moreover, enterprises are offering
varied licensing software for advanced machinery used in hospital and real-time
interaction for collection and management of medical data. Moreover, healthcare
enterprise is adopting license management to ensure the staff credentials as valid
or false, thus healthcare segment is increasing the growth of license
management in the Indian market.
Key market players in the
India License Management Market:
·
IBM-Aspera Technologies
·
Oracle India Corporation
·
Cherwell Software LLC
·
Flexera Software LLC
·
DXC Technology Corporation
·
Quest Software Private Limited
·
Snow Software AB
·
Gemalto Digital Security Private Limited
·
ServiceNow Inc.
·
USU Software AG
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“Ongoing advancements for
integration of advance technology with an innovative offering and increased
demand for audit-readiness in organizations are boosting the India License
Management Market in the forecast years. Additionally, several developments in
the license management as per industry standard and need of reducing software
piracy is a boosting factor for driving revenue growth of the license
management market in India. policies and significant growth potential in
cloud-governance and supportive government policies, regulations with growing
demand across large enterprises and small & medium enterprises (SME’s) has
been positively influencing the market with a continuous urge for launching new
service plans in the upcoming years. said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India License Management Market Segmented By Component (Software,
Services (Professional Services (Deployment and Integration, Consulting,
Support and Maintenance), Managed Services)), By Deployment Type (Cloud and
On-Premises), By Application Area (Audit Services, Advisory Services,
Compliance Management, License Entitlement & Optimization, Operations &
Analytics, Software Inventory Management, Usage Monitoring and Others), By End
User (Information Technology, BFSI, Telecom, Retail & Consumer Goods,
Healthcare, Media & Entertainment, Manufacturing and Others), By Region,
Competition” has evaluated the future growth potential of India License
Management Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India License Management Market.
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