CATEGORY

Software Asset Management

Software asset management is a process of managing and optimizing the use of software across an organization

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Category Alerts


CATEGORY ALERTS

Flexera continues expansion with additional investment in ANZ and APAC

July 12, 2022
alert level: Low
CATEGORY ALERTS

LicenseFortress has added Microsoft to expand SAM Managed Services

August 23, 2022
alert level: Low
CATEGORY ALERTS

ServiceNow Acquires Era Software to Unify Observability

October 10, 2022
alert level: Low

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Software Asset Management Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Software Asset Management category is 5.90%

Payment Terms

(in days)

The industry average payment terms in Software Asset Management category for the current quarter is 60.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Software Asset Management Suppliers


    22,848
    Total Suppliers
    1,183
    Diverse Suppliers
    56
    Normalized Supplier Rating
    Software Asset Management Supplier

    Find the right-fit software asset management supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ORACLE CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    62
    Social
    37
    Governance
    46
    6 Domains Performance (/100)
    Business behaviour
    46
    Human rights
    47
    Community Environment
    87
    Corporate governance
    46
    Human resources
    27
    Security Scorecard
    55

    Threat indicators
    F
    50
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    53
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    F
    58
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    90
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    F
    48
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    F
    32
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    oracle.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    32
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    33
    Corruption Issues
    3
    Regulatory Non Compliance Flags
    20
    Fraud Issues
    2
    Labor Health Safety Flags
    16
    Regulatory Issues
    15
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    56
    Discrimination Workforce Rights Issues
    16
    esg controversies critical severity
    No

    Software Asset Management market report transcript



    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 market size for SAM was expected to be $4.7 billion in 2020. It is forecasted to grow at a CAGR of 14.8 percent between 2020 and 2025 and is estimated to reach $9.4 billion by 2025.
    • 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