Open iT, a pioneer in software license optimization and management, has been recognized as a Representative Vendor in Gartner’s 2024 Software Asset Management (SAM) Market Guide.
Gartner 2024 SAM Market Guide is a key resource for SAM, ITAM, sourcing, procurement, and vendor management professionals, offering a detailed analysis of SAM tools and their capabilities. Developed by Gartner’s expert analysts, it provides insights into tools that help organizations gain visibility into software usage, optimize costs, and reduce compliance risks.
The latest edition marks Open iT’s third inclusion in this annual industry publication since 2021.
The Growing Complexity of Software Asset Management
Engineering-driven industries are navigating increasingly complex software portfolios as they integrate legacy systems with updated versions or transition to hybrid infrastructures. This evolution presents significant challenges in cost optimization, compliance, and performance.
Without advanced SAM tools, organizations risk falling into a cycle of inefficiency, where underutilized licenses, opaque usage patterns, and compliance gaps drive escalating costs and operational disruptions. Gartner predicts that by 2028, majority of organizations utilizing SAM tools integrated with AI will achieve:
- A 60% productivity boost in managing software assets.
- Twice the cost savings compared to organizations without such tools.
- A 60% reduction in software and cloud-related financial waste.
Advanced License Optimization
Open iT specializes in optimizing licenses for high-value applications critical to the business and engineering-intensive workflows across industries including automotive, energy, manufacturing, aerospace, defense, and government. Our comprehensive solutions, bannered by our flagship product, LicenseAnalyzer, support industry-standard platforms, including Autodesk, Bentley, Siemens, Dassault Systèmes, Tekla, Hexagon, Bluebeam, Petrel and DecisionSpace.
We believe this inclusion in Gartner 2024 SAM Market Guide reflects Open iT’s excellence in providing specialized SAM solutions tailored to the unique demands of engineering and design software. Open iT enables organizations to:
- Gain granular insights into license consumption.
- Forecast demand with precision using historical trends and predictive analytics.
- Eliminate inefficiencies by aligning licenses with actual demand.
- Mitigate risks related to vendor audits and ensure adherence to license agreements.
- Deliver industry expertise and experience to streamline procurement and vendor negotiations.
License Optimization Key as Software Spend Surges
Global software spend is projected to grow by 14% in 2025, increasing from $1.08 trillion in 2024 to $1.24 trillion. This surge underscores the pressing need for efficient license optimization, particularly for organizations reliant on high-cost engineering software.
Partnering with a SAM provider specializing in engineering software enables precise license utilization analysis, demand forecasting, and optimization, ensuring maximum value from software investments.
Talk to an Open iT Representative to know more.
Disclaimer: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, used herein with permission. Gartner research publications reflect the opinions of Gartner’s research organization and are not endorsements of any vendor, product, or service.
