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A Study on Evaluation Factors for Software Valuation

  • Journal of Software Forensics
  • Abbr : JSAV
  • 2026, 22(1), pp.11~17
  • Publisher : Korea Software Assessment and Valuation Society
  • Research Area : Engineering > Computer Science
  • Received : March 5, 2026
  • Accepted : March 20, 2026
  • Published : March 31, 2026

Byung-Tae Chun 1

1한경국립대학교

Accredited

ABSTRACT

In the information society, the importance of software is increasing, and the value of commercial software is more important than ever. While software represents a high-value-added knowledge industry, it still faces the problem of being treated as a simple service product. If the value of software is quantified, it can be used as collateral for loans or as crucial information for stock listings. Technology valuation methods include the market approach, cost approach, royalty approach, and profit approach. Technology valuation involves incorporating valuation factors into the technology valuation method to determine the price. This paper proposes optimal evaluation factors for valuation. The evaluation factors used in software valuation are categorized into market analysis factors, technology analysis factors, and rights analysis factors. Market analysis assesses market competitiveness based on environmental and competitive analysis of the software market. Technology analysis analyzes the technology's level compared to competing technologies, technology development trends, the current status of competing technologies, the difficulty of imitating the target technology, and its ripple effects. Rights analysis identifies software intellectual property rights, such as program registration and software patent registration, and analyzes rights information, rights stability, and the scope of rights application.

Citation status

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