SAN FRANCISCO, September 21, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Management of intellectual property rights and royalties – Trajectory and analysis of the world market”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 6; Posted: September 2021
Executive pool: 1352
Companies: 225 – Players covered include FADEL Srl; FilmTrack Inc; IBM Corporation; IPfolio Corporation; Klopotek SA; Lecorpio Inc .; Vistex, Inc .; Anaqua, Inc .; CPA Global Limited (Channel Islands); Reliable Solutions, Inc. and others.
Blanket: All major geographies and key segments
Segments: Vertical (Media & Entertainment, Healthcare & Life Sciences, IT & Telecommunications, Retail & Consumer Goods, Travel & Hospitality, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
Free Project Preview – This is an ongoing global program. Preview our research program before making a purchase decision. We offer free access to qualified executives in charge of strategy, business development, sales and marketing and product management in selected companies. Insights provide privileged access to business trends; competing brands; profiles of experts in the field; and market data models and more. You can also create your own bespoke report using our MarketGlassâ¢ Platform that offers thousands of bytes of data with no obligation to purchase our report. Registry overview
Global market for intellectual property rights and royalty management to reach US $ 16.1 billion by 2026
Intellectual property rights refer to the legal rights to an existing intellectual property work attributed to a business entity or person. The registration and protection of intellectual property has been a major concern for large companies due to the possibility of litigation arising when signing mergers, acquisitions, collaborations and contracts. Intellectual property rights and royalty management software solutions help businesses optimize revenues, capitalize and protect intellectual property, and effectively manage risk. The growth of the global market is expected to be driven by the growing need to protect intellectual property assets from duplicity or piracy and the growing need to monetize the assets. In addition, the market is expected to be driven by various organizations moving from on-premise deployments to cloud-based solutions, and the continued need for users to upgrade their intellectual property rights and royalty solution. Additionally, market growth would be propelled by increased adoption by educational institutions and government agencies. The rapid adoption by educational institutions is attributed to the implementation of digital education and e-learning services based on advanced technologies by educational institutions. The media and entertainment sector accounts for the largest share of revenues in the intellectual property rights and royalty management market.
Amid the COVID-19 crisis, the global market for intellectual property rights and royalty management is estimated at 8.2 billion US dollars in 2020, is expected to reach a revised size of US $ 16.1 billion by 2026, with a CAGR of 12.2% over the analysis period. Media & Entertainment, one of the segments analyzed in the report, is expected to grow at a CAGR of 14.6% to reach 4.9 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Healthcare & Life Sciences segment is readjusted to a revised CAGR of 13.4% for the next 7-year period. This segment currently represents a 20.3% share of the global intellectual property rights and royalty management market. Growth in the Media & Entertainment segment is driven by the growing need for content monetization across multiple delivery services, such as live streaming and TV broadcasting.
The US market is estimated at $ 2.5 billion in 2021, when China is expected to reach $ 2.1 billion by 2026
The market for intellectual property rights and royalty management in the United States is estimated at US $ 2.5 billion in 2021. The country currently represents a 28.2% share of the world market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 2.1 billion in 2026, with a CAGR of 15.4% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 10.4% and 11.8% respectively during the analysis period. In Europe, Germany is expected to grow by around 11.9% CAGR while the rest of the European market (as defined in the study) will reach 2.4 billion US dollars at the end of the analysis period. North America dominates the market share and the growth is attributed to technological advancements and increased adoption in various industries, such as IT, telecommunications, life sciences and healthcare, with the aim of protecting their assets and innovations. Become thin Asia Pacific is driven by increased adoption of intellectual property rights and royalty management solutions in countries, such as India, Japan, and China, for a better use of assets.
IT and telecom segment to be reached $ 2.5 billion by 2026
In the global IT & Telecom segment, United States, Canada, Japan, China and Europe will result in the estimated 10.6% CAGR for this segment. These regional markets representing a combined market size of US $ 1 billion in 2020 will reach a projected size of US $ 2.1 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 271.9 million by 2026. Following
Glass Marketâ¢ Platform
Our market Glassâ¢ Platform is a comprehensive, free knowledge center that can be custom configured to meet the intelligence needs of today’s busy business leaders! This interactive influencer-driven research platform is at the heart of our core research engagements and draws on the unique perspectives of participating leaders from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; competitive company profiles; interactive research modules; custom report generation; monitor market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow events in the field around the world; and much more. Client companies will have full insider access to the project’s data stacks. Currently used by over 67,000 subject matter experts around the world.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our mobile application which has just been released on ios Where Android
About Global Industry Analysts, Inc. & StrategyRâ¢
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
Email: [email protected]
Join our panel of experts
Connect with us on LinkedIn
Follow us on twitter
Journalists and media
View original content to download multimedia: https://www.prnewswire.com/news-releases/new-analysis-from-global-industry-analysts-reveals-steady-growth-for-intellectual-property-rights-and -royalty -management-with-the-market-to-reach-16-1-billion-in-the-world-by-2026–301381497.html
SOURCE Global Industry Analysts, Inc.