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Value of unlicensed software in Nigeria drops to $123 million

2018-06-13 16:10:00
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Summary :Value of unlicensed software in Nigeria drops to $123 million

Usage value of unlicensed software in Nigeria appears to be plummeting; this is going by the latest statistics from the Business Software Alliance (BSA).The report obtained by The Guardian on Monday, the June edition, with the title: Software Management: Security Imperative, Business Opportunity, it revealed that as at 2017, rate of installation of unlicensed software was 80 per cent valued at $123 million. Reviewed almost every two years, the rate as at 2015 was still 80 per cent but valued at $232 million.According to the study, which informed that organizations now face a nearly one-in-three chance of encountering malware when they obtain or install unlicensed software, it noted that as at 2013, the rate was 81 per cent, which was valued at $287 million, while in 2011; it was 82 per cent with $251 million in value in Nigeria.Simply put, unlicensed software are pirated ones. Pirated software is anything distributed without compensating the rights holders (unless it’s intended to be free).Meanwhile, the Institute of Software Practitioners of Nigeria (ISPON) has elected a new president in the person of Dr. Yele Okeremi. He takes over from Olorogun James Emadoye.BSA explained that in the Middle East and Africa, the overall rate fell one point to 56 per cent, despite having rates in two markets increase by one point and four markets that didn’t change. It stated that the region was still just one percentage point lower than the highest rate in the world. Within the region, several countries are among the highest users of unlicensed software globally, including Libya at 90 per cent, and Zimbabwe at 89 per cent. By contrast the United Arab Emirates (32 per cent), South Africa (32 per cent), and Israel (27 per cent) are enjoying greater benefits from licensed software.

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