What does 'License Management' mean?

License management is a crucial aspect of software development that ensures proper distribution and usage of a product. It is a process that involves the tracking, monitoring, and enforcement of software licenses throughout their lifecycle. The primary goal of this feature is to help software developers and vendors protect their intellectual property and ensure that their products are only used by authorized individuals or organizations. This is done by implementing a set of rules and regulations that govern the distribution and usage of a particular software. One of the key components of