The role and value of license management is increasing by leaps and bounds as rapid advancements in technology have changed the license management landscape. License management software helps businesses track and monitor products and their licenses with an aim to prevent illegal usage. Being an ever-evolving market license management is guided by various factors like rising demand to optimize software investments and the growing need for audit-readiness among enterprises. License management software and services have found its place across multiple industry verticals, such as banking, financial services, and insurance (BFSI); information technology (IT); media and entertainment; telecom, manufacturing; healthcare; and retail and consumer goods; which has contributed in the growth of the market.
With the increasing technological developments, organizations are offering centralized license management for statistical analysis and remote business operations and reports on customer activation and usage. License management tools enable the organizations to reduce complexity and risks, and reduces cost concerning software assets and licensing. The augmented acceptance of cloud-based technology and penetration of license management software among the end-user industries has triggered a large number of companies to set its foot in the market. Offering a wide range of features like automated entitlement and software license management, electronic software delivery, and targeted end-user communication license management helps businesses retain their existing customers. Businesses are stressing on managing their respective software assets and decreasing maintenance costs linked with licensing, which is paving the way towards increasing penetration of license management software. The maturing need for a virtualized environment and the growing prominence of the IoT devices are expected to offer advancement opportunities to license management service providers.
Adhering to the recent trends in the license management landscape, CIO Applications has compiled a list of Top 10 License Management Solution Providers which are marking its place in the businesses with their robust solutions. These startups are harnessing the power of modern technology tools to assist the companies in tackling the challenges prevalent in the industry and cater to the needs of the clients efficiently.
With regard to these transformations, we are glad to feature top companies, rigorously and skillfully, providing the endurance for innovative advancements. cSubs, a provider of web-based information management services for institutional and corporate clients allowing them to purchase, analyze, renew, access, and manage these resources. The company’s solutions provide robust market-leading tools designed mainly to cater to the challenges of managing contracts, licenses, seats, and access to electronic resources and applications. Another such company is PermitPros, software as a service business license management solution developed for licensing professionals to manage work with productivity and ease intuitively.
With numerous field-proven technology solutions and success stories up their sleeves, the startups are a class-apart in offering innovative licensing services to the businesses. They adopt various organic and inorganic strategies to attain growth in the market. We hope that this issue of CIO Applications helps the companies to establish the partnership you and your firm needs to achieve growth in the license management market.
We present to you CIO Application’s “Top 10 License Management Solution Providers 2019”.