The growing need for protection of IP assets from monetizing and duplicity of the assets are some of the major driving factors for the intellectual property rights and royalty management market growth during the forecast period. Moreover, the increasing necessity to monetize the contents for various broadcasting services such as over the top broadcasting and TV broadcasting are also propelling the growth of the intellectual property rights and royalty management market.
MARKET SCOPE
The "Global Intellectual Property Rights and Royalty Management Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the intellectual property rights and royalty management market with detailed market segmentation by solution type, deployment, enterprise size, vertical, and geography. The report provides key statistics on the market status of the leading intellectual property rights and royalty management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on solution type, the global intellectual property rights and royalty management market is segmented into standalone and integrated.
- On the basis of deployment, the market is segmented into on-premise and cloud.
- Based on enterprise size, the market is segmented into SMEs and large enterprises.
- Based on vertical, the market is segmented into retail and consumer goods, IT and telecom, healthcare and life sciences, government, manufacturing, education, travel and hospitality, media and entertainment, and others.
MARKET DYNAMICS
Drivers:
- The increasing demand for enterprises to better manage their royalties from different accounts, increase profitability, and overall revenue are fueling the intellectual property rights and royalty management market growth.
- Rapid adoption of this solution by educational institutions and government agencies to protect and manage their intellectual properties are expected to influence the intellectual property rights and royalty management market growth over the forecast period.
Restraints:
- High initial investment and lack of skilled personnel may hamper the intellectual property rights and royalty management market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The intellectual property rights and royalty management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the intellectual property rights and royalty management market in these regions.
IMPACT OF COVID-19 ON INTELLECTUAL PROPERTY RIGHTS AND ROYALTY MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the intellectual property rights and royalty management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from intellectual property rights and royalty management market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the intellectual property rights and royalty management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anaqua, Inc.
- AppColl
- CPA Global
- Dependable Solutions
- FADEL
- FilmTrack, Inc.
- Ingenta
- TORViC Technologies, Inc.
- Vistex, Inc.
- WestEnd Software