Intellectual Property Rights & Royalty Management Market Size, Share, Growth, And Industry Analysis, By Type (On-premise, Cloud/Hosted), By Application (Retail & Consumer Goods, IT & Telecommunication, Healthcare & Life Sciences, Travel & Hospitality, Media & Entertainment, Government, Publishing, Education, Manufacturing) and Regional Forecast to 2028

Updated On: 22 April 2024

Report Overview

• 

• Request a Free Sample to learn more about this report

The global intellectual property rights & royalty management market size was USD 7997.1 million in 2022. As per our research, the market is expected to reach USD 23410 million by 2028, exhibiting a CAGR of 19.6% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with intellectual property rights & royalty management experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Intellectual Property Rights (IPRs) refer to legal rights that protect creations of the mind, such as inventions, literary and artistic works, symbols, names, and designs used in commerce. These rights grant creators and owners exclusive rights to use, reproduce, distribute, and license their creations, fostering innovation and creativity while allowing them to reap the benefits of their efforts. IPRs encompass various categories, including patents for inventions, copyrights for literary and artistic works, trademarks for symbols and names, and trade secrets for confidential business information. Royalty management is an essential aspect of the intellectual property landscape, particularly in the context of creative works and inventions. Royalties are payments made to the owners or creators of intellectual property for the authorized use of their creations. This can include licensing agreements for copyrighted materials, patents, trademarks, and other forms of intellectual property. Royalty agreements outline the terms under which the intellectual property can be used and the compensation structure, which typically involves a percentage of sales or revenue generated from the licensed property. Effective royalty management involves careful tracking of usage, sales, and revenue, ensuring accurate and timely royalty payments to rights holders.

The intellectual property rights & royalty management market growth has witnessed significant growth in recent years, driven by the increasing emphasis on protecting intellectual property and maximizing the value of royalties. As organizations across various industries recognize the importance of their intellectual property assets, the demand for effective management solutions has surged. Intellectual property rights encompass patents, trademarks, copyrights, and trade secrets, which are critical for safeguarding innovation and creativity. Royalty management, on the other hand, involves the monitoring, collection, and distribution of royalties generated from the use of intellectual property.

COVID-19 Impact: Lockdown Highlighted the Value of Innovation and IP Protection Boosted the Market Growth

The outbreak of the Covid-19 pandemic had a mixed impact on the Intellectual Property Rights & Royalty Management Market. On one hand, the crisis highlighted the value of innovation and IP protection, as companies sought to develop new products and technologies to address emerging challenges. This drove the demand for IP rights management solutions. On the other hand, disruptions in supply chains and business operations affected licensing agreements and royalty collections, impacting the royalty management segment. However, the overall market remained resilient and adaptable, as businesses recognized the need to reevaluate and enhance their IP strategies in the face of uncertainty.

Latest Trends

"Integration of Artificial Intelligence and Machine Learning to Boost the Market Development."

One prominent trend in the Intellectual Property Rights & Royalty Management Market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are transforming the way intellectual property is managed and monetized. AI and ML algorithms can analyze vast amounts of data to identify potential infringements, evaluate the strength of patents, and predict licensing opportunities. These insights enable businesses to make informed decisions about IP strategies and prioritize high-value assets. Additionally, AI-driven automation streamlines royalty calculations, reducing errors and improving accuracy in royalty distribution.

Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into On-premise, Cloud/Hosted. On-premise being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Retail & Consumer Goods, IT & Telecommunication, Healthcare & Life Sciences, Travel & Hospitality, Media & Entertainment, Government, Publishing, Education, Manufacturing. Retail & Consumer Goods being the leading segment of the market by application analysis.

Driving Factors

"Increasing Need for IP Protection to Drive the Market Growth"

The growing emphasis on innovation across industries, coupled with the rising number of patent applications, underscores the need for robust intellectual property protection. Organizations invest significant resources in research and development, making it imperative to safeguard their inventions and creations from unauthorized use. As a result, businesses are adopting IP rights management solutions to effectively manage their patents, trademarks, and copyrights, ensuring they can monetize their innovations while mitigating the risk of infringement.

"Globalization and Complex Licensing Agreements to Drive the Market Development"

In today's interconnected world, businesses often engage in complex cross-border licensing agreements to maximize the value of their intellectual property. However, these agreements come with challenges related to tracking usage, monitoring compliance, and collecting royalties across diverse markets. The demand for streamlined and transparent royalty management solutions has surged as organizations seek to navigate the intricacies of global licensing arrangements. This driver has led to the adoption of advanced software solutions that offer real-time insights into licensing activities and ensure accurate royalty calculations.

Restraining Factors

"Data Security and Privacy Concerns to Impede the Market Growth"

One of the significant challenges faced by the Intellectual Property Rights & Royalty Management Market is the issue of data security and privacy. As organizations store and manage sensitive intellectual property-related information, ensuring the confidentiality and protection of this data becomes paramount. Breaches in data security can lead to unauthorized access to valuable IP assets, resulting in potential infringement or loss of competitive advantage. Addressing this challenge requires robust cybersecurity measures, encryption protocols, and compliance with data protection regulations such as GDPR.

Regional Insights

• 

• Request a Free Sample to learn more about this report

"Vibrant Landscape of Technology-Intensive Industries, Encompassing Sectors Like IT, Pharmaceuticals, And Entertainment in North America to Bolster the Market Development"

North America stands as a cornerstone in the global Intellectual Property Rights & Royalty Management Market share, boasting a significant share in its adoption and growth. This prominence can be attributed to the region's vibrant landscape of technology-intensive industries, encompassing sectors like IT, pharmaceuticals, and entertainment. In these industries, intellectual property rights hold a pivotal role in fostering innovation and safeguarding proprietary technologies. The dynamic interplay between innovation and intellectual property underscores the necessity for robust management solutions that can ensure these rights are adequately protected and exploited for commercial gain. One of the key driving forces behind North America's dominance in this market is the presence of well-established market players. Numerous corporations have recognized the strategic importance of intellectual property rights and are investing in comprehensive management solutions to optimize their value.

The Asia-Pacific region is experiencing an unprecedented surge in the adoption of intellectual property rights and royalty management solutions, underpinned by its role as a technological powerhouse. Countries such as China, Japan, and South Korea have emerged as global leaders in technology and innovation, driving the demand for effective IP management strategies. These nations have leveraged their investments in research and development to foster a culture of innovation, resulting in a substantial increase in patent filings across various industries. In this dynamic landscape, businesses recognize the urgency of embracing robust IP management solutions to effectively navigate the intricacies of intellectual property rights and licensing agreements. The complexity of cross-border licensing, coupled with the need to monitor usage and collect royalties from diverse markets, has led to an increased demand for streamlined and efficient management tools. As a result, organizations are turning to cutting-edge software solutions that offer real-time insights, transparency, and accurate royalty calculations.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• FADEL (U.S.)
• Vistex (U.S.)
• Klopotek (Germany)
• Filmtrack (U.S.)
• IBM (U.S.)
• Dependable Solutions (U.S.)
• Anaqua (U.S.)
• Lecorpio (U.S.)
• Ipfolio (U.S.)
• Capgemini (France)
• Oracle (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.