Software Asset Management Market Intelligence

Are you looking for answers on Software Asset Management category?

Are you looking for answers on Software Asset Management category?

  • What are the key trends in Software Asset Management category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Software Asset Management industry?
  • How is Software Asset Management industry performing?

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Report Coverage

  • Market Trends
  • Technology & Innovation Trends
  • Global Supplier List and Capabilities
  • Mergers and Acquisitions

Market Size

Market Size North America

$ 1.75 Bn

Market Size Asia Pacific

$546 Mn

Market Size Latin America

$ 351 Mn

Table of contents

  1. Software Asset Management Executive Summary
  2. Category Updates
  3. Epilogue
  4. Category Overview
  5. SAM Market Trends
  1. Software Asset Management Market Analysis
  2. Global SAM Market Overview
  3. Global Market Drivers for SAM
  4. Global Market Constraints for SAM
  5. Porter's Five Forces Analysis for GlobalSAM Market
  1. Software Asset Management Supplier Analysis
  2. Supplier Scoring Methodologies
  3. Supplier Scoring based on Functional and Operational Capabilities
  4. Supplier Comparison based on Functional Capabilities
  5. Key Global Supplier Profiling and SWOT
  1. Software Asset Management TCO & Implementation Models
  2. SAM - Implementation
  3. SAM - Maturity Model
  4. SAM - Pricing Model and Cost Structure
  1. SAM Managed Services
  2. SAM Managed Service with Pricing Models
  3. Supplier Scoring based on Functional and Operational Capabilities
  4. Key Global Supplier Profiling
  1. Software Asset Management Best Practice
  2. SAM - Best Practice
  1. Software Asset Management Contract
  2. SAM - KPIs Case Studies
  3. Microsoft SAM
  4. Snow Software SAM
  5. Flexera Software SAM
  6. SoftwareOne SAM Managed Services
  7. Livingstone SAM Managed Services

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Software Asset Management Category Overview

  • Software Asset Management (SAM) is a practice that involves managing and optimizing purchase, deployment, maintenance, utilization, and disposal of software applications within an organization
  • This helps an organization to reduce software costs, improve compliance, and develop processes for employee software request


Software Asset Management trends - SAM Market Trends

Cloud computing and Virtual Licensing

  • Increase in Adoption of Cloud Computing and Virtual Licensing
  • With an estimated cloud market size of $332 billion in 2018, enterprises need to consider the management of software assets and services for the cloud as well. 
  • The BYOD market is estimated to grow at a CAGR of 15 percent between 2018 and 2023. The market was $40.32 billion in 2018 and is expected to be $82.10 billion in 2023
  • Software License Management Market: It is important for the enterprise to address BYOD strategy during SAM implementation, as it allows software license access from personal devicesIncreasing Internet and Mobile operation
  • BFSI industryis the major adopter of cloud, due to the cost and operational benefits
  • About 60–65 percent of the BFSI industry is expected to adopt cloud computing by 2020
  • 40–50 percent of the customers globally are using internet and mobile for BFSI related transactions. It is essential for the enterprise to plan and communicate the strategy before implementing SAM

Global SAM Market Overview

  • The Software Asset Management (SAM) market size was valued at $3.9 billion in 2018. It is forecasted to grow at a CAGR of10.5 percent between 2018 and 2023 and is estimated to reach $6.6 billion by 2023.
  • Supplier Scoring based on Functional and Operational Capabilities
  • Based on analysis, BMC software and ServiceNow are the best in class vendors for software Asset Management solutions. It is observed that the total cost of ownership for BMC software solution is significantly higher than that of ServiceNow

SAM–Best Practice

Structured SAM lifecycle

  • Includes every aspect of acquiring IT asset, which starts from the initial request, selection, deployment, training and support services for the end-user Enables control and accountability for spending and standards
  • SAM enables control and accountability for spending and standards through user management and approval process which thereby results in best in class practice during the procurement phase

Register changes during IMAC

  •  Includes changes that occur during the lifetime of IT asset, referred to as IMAC (Install, Move, Add, Change). Fetch benefits for enterprises on deployment of either of the following options.
  •  Creating a criterion for cascading, where the comparative benefits of non- cascading are also taken to consideration
  •  Delimiting the situations for cascading with mutual benefits for business process and costs associated with financial resources
  • Control and accountability for the retirement of IT/software assets
  • Enables control and accountability for the retirement of IT/software assets guided by financial and physical objectives
  • It includes planning and management of the execution of replacement/disposal of assets Third party contract for replacement/ disposal of IT assets
  • Best practice for asset replacement and disposal is to engage with a third party in case of scrap disposal to ensure professional data clean up or disk wiping occurs and governance measures are maintained

Increase in Adoption of Smart Devices and Internet of Things (IoT)

  • IoT market is expected to grow exponentially and reach $457 billion by 2020
  • Discrete manufacturing, transportation and logistics, and utilities will contribute to greater than 50 percent of the enterprise IoT spend
  • IoT in BFSI is used in core business activities, such as product tracking (33 percent), monitoring customer status through digital devices like mobile devices and digital sensors (29 percent), premise tracking (22 percent), supply chain monitoring (16 percent)
  • IoT has increased the challenge in SAM implementation, as it allows the use of software licenses through mobile devices, remote, transient connections and one-time transactions
  • Enterprises have to ensure that they are able to track all the devices on which software licenses are installed and its associated usage, while implementing SAM

Digital Revolution : Increase in Digitalization

  •  With increasing digitalization across industries, digital asset management is estimated to grow at a CAGR of 28.7 percent between 2014–2019
  •  BFSI industry shows an increase in digitalization by adopting multi-channel and digital strategy to provide better customer/consumer satisfaction
  •  About 75 percent of the banking and financial services clients are expected to accelerate digital strategy by the end of 2020
  •  Use of analytics, social media to work real-time
  •  Enables proactive and strategic decision making
  •  Allows enterprise to store, collaborate and manage the allocation of metadata and track assets on real-time basis

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