What is Intellectual Property Rights & Royalty Management Market?
The growing demand for intellectual property rights and royalty management solutions has been fueled by organizations' desire to better control royalties from various accounts, improve profitability, and overall revenue. Music, media, brand licensing, high tech, consumer electronics, gaming, and other industries depend on intellectual property to succeed. The rights and royalty management solution offer a wide variety of features for handling intellectual property.
The market study is being classified and major geographies with country level break-up.
FADEL (United States), Klopotek AG (Germany), Vistex, Inc. (United States), FilmTrack (United States), Anaqua, Inc. (United States), Lecorpio (United States), CPA Global (Jersey), IPfolio (United States) and Dependable Solutions (United States) are some of the key players profiled in the study.
The market is strongly fragmented by key market players who are focusing on developing technologies, improving efficiency and product life. There are various growth opportunities in the market, which are captured by tracking the continuous process improvement and financial flexibility to invest in market growth strategies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Intellectual Property Rights & Royalty Management market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Intellectual Property Rights & Royalty Management market by Type, Application and Region.
On the basis of geography, the market of Intellectual Property Rights & Royalty Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Need of Continuous Upgrades in IP Rights and Royalty Solutions
- Rising Demand to Defend Assets From Fraud
Market Trend
- Increase in Market Competency
Restraints
- High Initial Cost
- Lack of Skilled Professionals
Opportunities
- Increasing Number of New Channels of Delivery
- Increasing Consumer-Driven Demand
Challenges
- Complexity of the Process
Market Leaders and some development strategies
In Feb 2021, FADEL and Esko have announced a partnership and integration of FADEL’s cloud-based digital rights management (DRM) software, Rights Cloud, and MediaBeacon digital asset management (DAM) solution.
In Mar 2021, FADEL announced the integration of FADEL Rights Cloud™ with Adobe® Creative Cloud through the CI HUB Connector, empowering organizations to limit liability and exposure during the creative process.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Government Regulatory and Research Organizations, IT Director/Consultants, Cloud Service Providers, System Integrators, Technology Consultants and End-Use Industries