Increasing cloud deployments to define the service delivery landscape of software asset management
The multidimensional value created by cloud services has prompted global organizations across multiple industry sectors to move their systems and software to the cloud. Cloud architecture simplifies the approach to internal software asset management solutions by providing benefits such as scalability, agility, cost optimization, increased mobility of the operating environment, and real-time asset analysis. Global spending on cloud services is increasing significantly by the year. The coming years will witness increasing leverage of Infrastructure as a Service (IaaS) across key industries such as BFSI, manufacturing, and retail with organizations fast moving towards cloud based software deployments.
Shift towards cloud computing entails certain complexities; however, the long-term benefits of Software as a Service (SaaS) will outweigh deployment challenges
Cloud migration is certainly not a simple activity, and definitely not when it comes to asset management. Shifting from legacy systems and service delivery models to cloud systems poses several organizational challenges, the most notable being the impact on licensing compliance and the associated financial implications, not to mention the integration complexity of traditional and cloud service delivery models. Software vendor contracts are typically defined by stringent clauses pertaining to the on-premise or off-premise use of licenses. When cloud providers scale up the infrastructure platform to meet the growing demand from end users, it is essential to implement a robust cloud readiness strategy to handle the various complexities likely to emerge in software asset management.
Having said this, the inherent benefits of moving to a SaaS platform far outnumber the initial deployment and licensing challenges in asset management. Software asset management is currently at the threshold of cost management and license compliance and organizations should strive for cost containment over compliance in the long run. A thorough evaluation of the current IT setup will help organizations identify which systems and software to move to the cloud, thereby eliminating unnecessary deployment costs and simplifying the process of licensing compliance.
Cloud vs. on-premise asset management: the battle lines are drawn. Or are they?
Organizational IT needs differ based on several parameters and it is difficult to generalize what will work and what will not. While the world is moving towards the cloud, it is important to remember that when it comes to asset management, critical issues pertaining to software licenses and unauthorized and indirect user access to SaaS resources will apply to both cloud and on-premise deployments. In the debate on cloud vs. on-premise adoptability of digital asset management solutions, the following points stand out:
Resource management: On-premise deployments typically involve large IT projects and consume a huge pool of organizational IT resources, which can lead to time, effort, and cost complexities. Cloud deployments on the other hand simplify the role of organizational IT by offloading critical infrastructure and technical tasks to the cloud services vendor.
Accessibility: Access to digital assets in an on-premise setup is limited to a local network while the cloud facilitates the storing of software assets at a centralized location, providing easy and remote access to authorized users through the internet.
Scalability: On-premise systems require frequent deployment and capacity expansions to scale existing asset management solutions while cloud platforms and apps enable easy, on-demand scalability, thereby easing organizational worries associated with the scaling of enterprise assets.
Security: This is where cloud scores over on-premise in a big way. While on-premise necessitates the storage of digital assets on local servers for security purposes, cloud deployments are far more secure than on-premise systems. SaaS vendors implement best-of-breed security measures that adhere to global security protocols and prescribed standards.
It is evident that cloud is here to stay, given the relative strengths and benefits of hosting organizational assets on a cloud platform. However, every organization has different IT needs and several factors such as hardware, system requirements, personnel, security, and costs need to be considered before implementing a robust solution to manage the software assets of an enterprise.
This report offers a comprehensive forecast of the global software asset management market between 2018 and 2026. This study demonstrates the market dynamics and trends globally across key regional markets, which influence the current nature and future status of the software asset management market over the forecast period. This research report provides detailed analysis of the software asset management market and offers insights on the various market segments. This market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business.
The report starts with an overview of the software asset management market in terms of value. In addition, this section includes analysis of key trends, drivers and restraints that are influencing growth in revenue of the software asset management market. Impact analysis of key growth drivers and restraints are included in this report to facilitate clients with crystal clear decision-making insights.
Methodology Utilized to Track Segmental Performance
A detailed analysis has been provided for every segment in terms of market size analysis for software asset management across different regions. The report provides a market outlook for 2018–2026 and sets the forecast within the context of the software asset management market including latest technological developments as well as service offerings in the market. This study discusses key trends within regions contributing to revenue growth of the global market, as well as analyzes the degree at which drivers are influencing this market in key regions.
This report evaluates the present scenario and future growth prospects of the software asset management market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provide data for the trailing 12 months. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the software asset management market will develop in future. Given the fluid characteristics of the market, we have triangulated the outcome of different types of analyses based on the current technology trends. The report presents the market forecast in terms of CAGR and also analyzes key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.
The final section of the report includes a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in the software asset management market portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the software asset management value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global software asset management market.