IP Rights & Royalty Management Market Will Hit $12.68Bn Next 5 Years

The report "Intellectual Property Rights & Royalty Management Market is estimated to grow from $4.28 Billion in 2016 to $12.68 Billion by 2021, at a CAGR of 24.2% from 2016 to 2021.

According to a report released by Marketsandmarkets, the major forces driving the intellectual property rights & royalty management are increasing need for protection of IP assets from duplicity & monetizing the assets and continue need for the upgradation of IP rights & royalty solution from user.

Some of the major technology vendors include Fadel (U.S.); Klopotek AG (Germany); Vistex, Inc. (U.S.); FilmTrack (U.S.); IBM Corporation (U.S.); Anaqua, Inc. (U.S.); Lecorpio (U.S.); CPA Global (Jersey) and IPfolio (U.S.).

The cloud/hosted segment is expected to grow at a higher CAGR during the forecast period

The IP rights & royalty management market by deployment type is segmented into cloud/hosted and on-premises. Cloud/hosted type is expected to grow at the fastest rate during the forecasting period.

This is due to increase in the usage of various broadcasting or distribution sources like smartphones and mobile apps.

In terms of organization size, the large enterprises segment is expected to grow at a higher CAGR during the forecast period

The organization size segment in the intellectual property rights and royalty management market comprises of SMEs and large enterprises. The large enterprises segment is projected to grow at a higher CAGR during the forecast period.

The education segment to grow at the highest CAGR during the forecast period based on vertical

The education segment is expected to grow at the highest CAGR during the forecast period. The growth is attributed to the increasing deployment of digital education and several initiatives taken by governments to promote the E-learning across the world.

North America is expected to dominate the Intellectual Property Rights & Royalty Management during the forecast period

The geographical analysis of the IP rights & royalty market mainly explores the division into solutions type across the five major regional markets, such as North America, APAC, Europe, Latin America, and MEA.

The North American region is largely investing in the adoption of intellectual property rights & royalty management solutions in order to protect their innovations and assets across various verticals like healthcare & life sciences, IT & telecom etc.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market.

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