Revenera report: Economic crisis fuels software piracy
ITASCA, Ill., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Revenera, producer of leading solutions that help technology companies build better products, accelerate time to value, and monetize what matters, today released the Revenera Monetization Monitor: Software Piracy and Compliance 2023 report. This report, which is part of an annual series in its fifth year, examines trends in unlicensed use of software. It illustrates opportunities for software suppliers to strengthen their license compliance initiatives to minimize software piracy, overuse, and misuse.
“Profitability and stable growth are important traits for a well-run software business. On the run to SaaS and modern business models, many suppliers miss out on significant revenue opportunities from piracy, overuse, and misuse. Those that have and take action on insights into unlicensed use often have better growth rates to report, and more funds available to ignite innovation and new offerings,” said Nicole Segerer, SVP and General Manager at Revenera. “Many suppliers still aren’t even aware of how much revenue is lost. These gaps must be closed with efficient entitlement management and software license compliance initiatives.”
Highlights from the Revenera Monetization Monitor: Software Piracy and Compliance 2023 report include:
Revenera conducted the 2023 Revenera Monetization Monitor Software Industry Survey from March through July 2023. Job levels of the 454 survey respondents were C-level/executive (16 percent), SVP/VP (13 percent), director (34 percent), manager/team leader (27 percent), and individual contributors/consultants (10 percent). This report, the third in the Revenera Monetization Monitor 2023 series, focuses on software piracy and compliance; it also incorporates aggregated data collected from Revenera’s Compliance Intelligence customers. The first report focused on software monetization models and strategies; the second focused on software usage analytics.
Media Contact Clement | Peterson PR on behalf of Revenera [email protected]