It is difficult to provide an exact number of distinct software titles that exist as new software is constantly being developed and released, and older software becomes obsolete or is no longer actively maintained. The market is expected to continue to grow at a significant rate in the coming years due to the increasing demand for software in various industries and the ongoing digital transformation of businesses. Software licenses can be proprietary, meaning that the software is owned by a specific company and is only licensed for use, or they can be open-source, meaning that the software is freely available for use, modification, and distribution.Īccording to data from various research firms, the global software market was valued at around $1 trillion in 2020 and is projected to reach around $1.5 trillion by 2023. It outlines the terms and conditions under which the software can be used, including any restrictions on how it can be used, how many users can use it, and for how long it can be used. Simply put licensing is the legal agreement that governs the use of software.

But the software realm is governed by licensing models and rules designed that tell you under which conditions the software can be used. While intangible, software has become a critical and extremely valuable asset for any organisation using it to operate in day to day society.

Everything is organised and controlled by this software layer.

From critical infrastructure, to communication, to transportation, to entertainment. It is ingrained in the fabric of our societies, and everything depends on it to operate. Modern companies can’t exist without software. Find out more about delivering better services on our website 👈 About: Licenseware specialises in license analysis automation and development to get licensing insights, from any data-source, in minutes.

Open source license manager software