Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "UAE License Management Market, Competition, Forecast & Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
This comprehensive analysis of the UAE license management market reveals an impressive compound annual growth rate (CAGR) of 11.78% projected from 2018 to 2028. The study attributes the market's robust growth to the country's rapid digital transformation and stringent regulatory compliance requirements. As of 2022, the UAE license management market has already reached a valuation of USD 24.22 million, highlighting the critical role license management plays in the modern business landscape of the UAE.
The Importance of License Management in the UAE's IT Landscape
Organizations across the UAE are investing in sophisticated license management solutions to ensure compliance and optimize their software investments. This investment is particularly evident in the nation's booming IT sector, where companies are leveraging diverse software to drive productivity and customer satisfaction. Concurrently, regulatory agencies have introduced stringent compliance standards, propelling businesses to prioritize license management as a safeguard against legal and financial repercussions.
Healthcare Segment Leading in End User Adoption
The analysis also presents granular insights into application areas and end user industries. The healthcare segment has emerged as a prominent adopter of license management solutions, reflecting the sector's digital advancements and the critical need for regulatory adherence. This trend underscores the healthcare industry's dedication to maintaining compliance and security while employing a wide array of digital tools.
Regional Market Dynamics
Geographically, the Sharjah region stands out as a central player, driven by the dense concentration of enterprises and the region's digital innovation fervor. As the UAE continues to push forward with digitalization and technological integration, the necessity for robust license management systems becomes increasingly essential.
Tech-Driven Market Development
Emergence of Cloud-Based Solutions
Cloud-based license management solutions are gaining traction in the region, offering unmatched scalability and accessibility to businesses adjusting to remote work necessitated by the COVID-19 pandemic. These cloud solutions are bundled with automation and analytics capabilities that streamline license allocation and maximize cost savings.
Software Asset Optimization
Moreover, the market is experiencing a shift towards software asset optimization. Organizations are looking beyond compliance to discover ways to cut software costs and enhance asset utilization, directing the industry towards more strategically managed licenses.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 73 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $24.22 Million |
| Forecasted Market Value (USD) by 2028 | $49.29 Million |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | United Arab Emirates |
Report Scope:
In this report, the UAE license management market has been segmented into the following categories:
UAE License Management Market, By Component Type:
- Solution
- Service
UAE License Management Market, By Application Area:
- Audit Services
- Advisory Services
- Compliance Management
- Operation& Analytics
- Usage Monitoring
- Other
UAE License Management Market, By Deployment Type:
- Cloud
- On-Premises
UAE License Management Market, By Organization Size:
- SME's
- Large Enterprises
UAE License Management Market, By End User:
- Information Technology
- BFSI
- Manufacturing
- Healthcare
- Media & Entertainment
- Retail & Consumer Goods
- Other
UAE License Management Market, By Region:
- Northern & Central Region
- Eastern Region
- Southern Region
- Western Region
Companies Profiled
- Flexera Software LLC.
- KPMG Lower Gulf Limited
- Microsoft Gulf FZ LLC
- IBM Middle East FZ LLC
- Certero Software Management UAE Ltd.
- Oracle Corporation Middle East
- BMC Software, Inc.
- SAP Middle East & North Africa (MENA) FZ LLC
- Deloitte & Touche (M.E.)
- Micro Focus International (Middle East) Limited.
For more information about this report visit https://www.researchandmarkets.com/r/t37ir8
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