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How Your Organization Can Benefit from Software License Management

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How Your Organization Can Benefit from Software License Management

August 11, 2016
By Paula Bernier
Executive Editor, TMC

Technology is supposed to make our lives easier, and in many ways it does. But sometimes the very technology that’s meant to improve productivity has unintended consequences and actually complicates things. Take, for example, software license management.

Manually managing an organization’s multiple software licenses that are used by a collection of often distributed and changing employees is no small feat. This challenge exists in part because people tend to come and go in terms of employers, and because not every employee necessarily uses the same software. On top of that is the fact that businesses often have a variety of software licenses, and these deals tend to be rather complex considering they have different components such as length, discounts based on volume and possibly other factors, and the version of the software involved.

The good news is that software license management solutions can be employed to help businesses more affordably and efficiently handle this task. In fact, this is a growing product category. According to Research and Markets in a new report published last month, the global software license management market is poised to grow at an 8.8 percent compound annual growth rate between this year and 2020.

In addition to helping organizations ensure they are paying for only the software licensing they need, software license management can help prevent piracy, according to Research and Markets.

“Reducing the adoption and penetration of pirated software is the need of the hour in the software industry,” according to the research firm. “Software piracy is very common in the business-to-customer market. Piracy of any software decreases the revenue generated by software publishers. 

“With the implementation of software license management solutions, piracy can be controlled to a large extent,” says Research and Markets. “Software license management involves keeping track of the software and its maintenance. With the help of this, end-users will be able to know that the piracy of the software has occurred, and measures can be taken as soon as detection is made.”

Edited by Alicia Young

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