These are mass market products, running on a completely different business model.
In small/specialized/vertical markets, dongles are actually quite common.
(Just earlier this week, I installed one for Heidelberg Prinect Signa Station, a software system for page impositioning and sheet assembly. If you would be working in the printing industry, you would know it ... like you know ProTools if you're into music production.)
Taking a broader view on software license management, you'll see that Pace, being kind of the number one in the music production arena, is really a niche provider in a niche market.