![]() ![]() Users can see which applications they are using and how much time the team spends on each application through a single dashboard. Blissfully discovers and tracks all of the tools that clients utilize at their company. For instance, Blissfully is a software asset management and software as a service (SaaS) management application that can help save money, manage all software providers, improve productivity, and increase the software system's security. With the implementation of a successful asset life cycle management or life cycle asset management (LCAM), strategy businesses can determine when an asset will achieve its peak performance and how long it has left to serve the business. On average, an organization employs 288 applications to assist employees with various tasks. Modern businesses consider software to be an integral element of their everyday operations. ![]() ITAM aims to improve software and hardware asset management while optimizing cost savings and limiting audit risks. IT asset management (ITAM), IT service management (ITSM), and hardware asset management (HAM) are all subsets of software asset management (SAM). ![]() Increasing Need for Asset Lifecycle Management to Propel Global Software Asset Management Market Growth:Īll procedures and IT infrastructure users need to manage, regulate, and safeguard the company's software assets throughout their life cycles. Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends North America, Europe, Asia Pacific, Middle East & Africa, South & Central America.Īrgentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States Global Software Asset Management Market Scope: Report CoverageĬomponent, Deployment Type, Organization Size, Industry Vertical, and Geography. However, emergence of IoT, BI and analytics, and AI-enabled deployment model is emerging as a future trend in the industry. The growth of the software asset management market is driven by increasing need for asset lifecycle management, and rising demand to manage audits and comply with regulatory compliance standards. 31, 2023 (GLOBE NEWSWIRE) - According to a new report on “ Software Asset Management Market Size and Forecast (2021–2028), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Component (Solutions and Services), Deployment Type (On-premises and Cloud-Based), Organization Size (SMEs and Large Enterprises), and Industry Vertical (BFSI, IT and Telecom, Manufacturing, Retail and Consumer Goods, Government, Healthcare and Life Sciences, Media and Entertainment, and Others), and Geography” the market in terms of revenue was estimated to be worth $2.25 billion in 2021 and is poised to reach $5.15 billion by 2028, growing at a CAGR of 12.6% from 2021 to 2028. ![]()
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