PUNE, India, August 16, 2016 /PRNewswire/ --
According to a new market research report "Intellectual Property Rights & Royalty Management Market by Solution (Standalone and Integrated), Deployment Mode (On-Premises and Cloud/Hosted), Organization Size (Large Enterprise and SMEs), Vertical, & Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 4.28 Billion in 2016 to USD 12.68 Billion by 2021, at a CAGR of 24.2% from 2016 to 2021.
Browse 87 market data Tables and 41 Figures spread through 133 Pages and in-depth TOC on "Intellectual Property Rights & Royalty Management Market"
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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.
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 Intellectual Property Rights & Royalty Management 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.
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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. 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), IPfolio (U.S.), and Dependable Solutions (U.S.).
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