Global Intellectual Property Rights and Royalty Management Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 218
- CATEGORY
- Banking & Finance
Market Overview:
The Intellectual Property Rights and Royalty Management market size is estimated at USD 8,057.5 million in 2022 and is expected to reach USD 25,524,5 million by 2031, growing at a CAGR of 17.7% from 2022 to 2031.
The development and management of intellectual property is one f the major concern for enterprises, especially among artistic, cultural, and technology industries. Hence, intellectual property rights and royalty management software can help enterprises in understanding intellectual property’s potential as a catalyst for social and cultural well-being and economic growth.
Intellectual property assets boost economic development in various ways. Many companies are gaining royalty incomes from licensing their intellectual property assets to other parties.
· For instance, according to World Intellectual Property Organization (WIPO), the U.S. has earned sales and licensing revenues of approximately US$ 23.5 Bn from overseas. Similarly, Japan, followed by the Republic of Korea, Germany and U.K., earned US$ 16.1 Bn, US$ 6.2 Bn, US$ 5.6 Bn and US$ 5.4 Bn respectively.
Therefore, organizations are focusing on protecting and managing their intellectual properties. Protection for any intellectual property is granted for a limited period of time, commonly 20 years. Hence, the organizations should renew their licensing time to time.
Multiple technologies and solutions are developed with an aim to protect products from duplication. At present, heavy growth in the illegal and unauthorized sales of tangible & intangible assets is one of the major factor which is anticipated to boost the demand for intellectual property rights and royalty management software across the world. The owners of intellectual property are highly focused on adopting intellectual property rights and royalty management software to be protected by law and regulations from unauthorized use of their rights.
An important fact about authorized protection of intellectual property is that it turns intangible assets into private property rights; however, for a restricted period of time only. It allows small and medium enterprises to claim proprietorship over their intangible assets and exploit them to their extreme potential.
For instance, stock market brokers, investors and financial advisers are becoming aware of growing unauthorized utilization of the technology and software and have started to value intellectual property assets highly. Various enterprises, including small and medium enterprises, have initiated to accept IP audits and regular technology.
Lack of awareness of intellectual property rights and royalty management systems and their utility among enterprises is one of the major restraining factor to this market. In addition, adoption rate of intellectual property rights and royalty management software is growing among the end-user as the awareness of IP systems and their usefulness increases. High cost associated with the intellectual property rights and royalty management system is another major challenge in the large-scale adoption of intellectual property rights and royalty management software. This is largely due to the high costs of patenting and costs related to the adoption of IP rights. This would have limited the adoption of the patent system by SMEs. Consequently, this factor is estimated to inhibit the expansion of the intellectual property software market during the forecast period.
COVID-19 Insights
During COVID-19 pandemic intellectual property rights and royalty management vendors are focused on inorganic growth strategy such as strategic collaborations and merger and acquisition activities with competitors or technology partners to develop innovative and advanced intellectual property rights and royalty management solutions to improve their offerings and market reach.
· For instance, In February 2021, Anaqua, Inc. has acquired Quantify IP, an IP cost estimating software provider, to offer advanced intellectual property cost budgeting and forecasting capabilities. The main aim behind this acquisition to strengthens Anaqua’s strategic line of IP management solutions and offers law firms and corporations advanced portfolio cost budgeting and forecasting tools to enhance their IP management strategy.
· In June 2020, Anaqua, Inc. has acquired O P Solutions, Inc., a provider of high quality software to the intellectual property legal community, for IP expansion into midsized, small firms
During the COVID-19 pandemic, digitalization of traditional sectors such as banking, retail, health, education and manufacturing is the wider noteworthy effect of the pandemic. Hence, demand for intellectual property rights and royalty management is increases in order to keep their IP of assets.
From remote workforce management, digital service delivery, e-commerce and contactless payment and delivery, to digitalized inventory management and remote track and trace systems in supply chain logistics, the COVID19 pandemic has reinforced the value of digital transformation to business.
Regional Insights
By region, the global Intellectual Property Rights and Royalty Management market is segmented into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa. North America accounted for a large share of the global market in 2021 at ~35%. In North America, U.S. is the hub of advanced technology. North America holds the highest market share in the intellectual property rights and royalty management market. This is primarily due to the presence of technology advanced players and well establish end-user. 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, and others. Hence, fuelling the demand for the intellectual property rights and royalty management market across different verticals in the region. The increasing need for higher productivity is one of the major factors expected to boosting the growth of the intellectual property rights and royalty management market. Growing emphasis on patent protection for software-implemented inventions is expected to create new opportunities for intellectual property software market across the European region. Hence, fuelling the demand for the intellectual property rights and royalty management market across different verticals in the European region.
Key Companies Insights
IBM Corporation, Oracle Corporation, Anaqua, Lecorpio, Ipfolio, Capgemini AG are expected to lead in market share (%) and broad customer reach. The market is moderately fragmented, with various key players operating on global scale. Market players are focusing on new product launch and upgradation of existing product by implementing new technology to increase the features and strengthen their global footprint. During COVID-19 pandemic Intellectual Property Rights and Royalty Management vendors are focused on organic and inorganic growth strategy such as strategic collaborations and merger and acquisition activities with competitors or technology partners to develop innovative and advanced solutions to improve their offerings and market reach.
For instance, In February 2021, Anaqua, Inc. has acquired Quantify IP, an IP cost estimating software provider, to offer advanced intellectual property cost budgeting and forecasting capabilities. The main aim behind this acquisition to strengthens Anaqua’s strategic line of IP management solutions and offers law firms and corporations advanced portfolio cost budgeting and forecasting tools to enhance their IP management strategy. In June 2020, Anaqua, Inc. has acquired O P Solutions, Inc., a provider of high quality software to the intellectual property legal community, for IP expansion into midsized, small firms
Some of the key players operating in the global Intellectual Property Rights and Royalty Management market include:
· IBM Corporation
· Oracle Corporation
· Dependable Solutions
· Anaqua
· Lecorpio
· Ipfolio
· Capgemini
· RSG Media
· FADEL
· Vistex
· Klopotek
· Filmtrack
· Others
Segments
By Component
· Software
· Services
o Professional
o Managed
By Deployment
· On-premise
· Cloud
By Enterprise Size
· Small & Medium Enterprise
· Large Enterprise
By End-user
· Retail & Consumer Goods
· IT & Telecommunication
· Healthcare & Life Sciences
· Travel & Hospitality
· Media & Entertainment
· Government
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Global Intellectual Property Rights and Royalty Management Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Intellectual Property Rights and Royalty Management Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Intellectual Property Rights and Royalty Management
1.3 Intellectual Property Rights and Royalty Management Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Intellectual Property Rights and Royalty Management Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Intellectual Property Rights and Royalty Management
1.4.2 Applications of Intellectual Property Rights and Royalty Management
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Intellectual Property Rights and Royalty Management Industry Trends
1.5.2 Intellectual Property Rights and Royalty Management Drivers
1.5.3 Intellectual Property Rights and Royalty Management Market Challenges
1.5.4 Intellectual Property Rights and Royalty Management Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Intellectual Property Rights and Royalty Management Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Intellectual Property Rights and Royalty Management Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Intellectual Property Rights and Royalty Management Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Intellectual Property Rights and Royalty Management
2.2.1 Major Players Manufacturing Base of Intellectual Property Rights and Royalty Management in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Intellectual Property Rights and Royalty Management Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Intellectual Property Rights and Royalty Management
2.3.3 Labor Cost of Intellectual Property Rights and Royalty Management
2.4 Market Channel Analysis of Intellectual Property Rights and Royalty Management
2.5 Major Down Stream Customers by Application
3 Global Intellectual Property Rights and Royalty Management Market, by Type
3.1 Global Intellectual Property Rights and Royalty Management Revenue and Market Share by Type (2016-2021)
3.2 Global Intellectual Property Rights and Royalty Management Production and Market Share by Type (2016-2021)
3.3 Global Intellectual Property Rights and Royalty Management Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Intellectual Property Rights and Royalty Management Revenue and Growth Rate of On-Premise
3.3.2 Global Intellectual Property Rights and Royalty Management Revenue and Growth Rate of Cloud/Hosted
3.4 Global Intellectual Property Rights and Royalty Management Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Intellectual Property Rights and Royalty Management Market, by Application
4.1 Downstream Market Overview
4.2 Global Intellectual Property Rights and Royalty Management Consumption and Market Share by Application (2016-2021)
4.3 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Retail & Consumer Goods (2016-2021)
4.3.2 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of IT & Telecommunication (2016-2021)
4.3.3 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Healthcare & Life Sciences (2016-2021)
4.3.4 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Travel & Hospitality (2016-2021)
4.3.5 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Media & Entertainment (2016-2021)
4.3.6 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Government (2016-2021)
4.3.7 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Publishing (2016-2021)
4.3.8 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Education (2016-2021)
4.3.9 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Manufacturing (2016-2021)
4.3.10 Global Intellectual Property Rights and Royalty Management Consumption and Growth Rate of Others (2016-2021)
5 Global Intellectual Property Rights and Royalty Management Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Intellectual Property Rights and Royalty Management Revenue and Market Share by Region (2016-2021)
5.2 Global Intellectual Property Rights and Royalty Management Consumption and Market Share by Region (2016-2021)
5.3 Global Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Intellectual Property Rights and Royalty Management Market Under COVID-19
5.4.2 North America Intellectual Property Rights and Royalty Management SWOT Analysis
5.5 Europe Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Intellectual Property Rights and Royalty Management Market Under COVID-19
5.5.2 Europe Intellectual Property Rights and Royalty Management SWOT Analysis
5.6 China Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Intellectual Property Rights and Royalty Management Market Under COVID-19
5.6.2 China Intellectual Property Rights and Royalty Management SWOT Analysis
5.7 Japan Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Intellectual Property Rights and Royalty Management Market Under COVID-19
5.7.2 Japan Intellectual Property Rights and Royalty Management SWOT Analysis
5.8 Middle East and Africa Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Intellectual Property Rights and Royalty Management Market Under COVID-19
5.8.2 Middle East and Africa Intellectual Property Rights and Royalty Management SWOT Analysis
5.9 India Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Intellectual Property Rights and Royalty Management Market Under COVID-19
5.9.2 India Intellectual Property Rights and Royalty Management SWOT Analysis
5.10 South America Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Intellectual Property Rights and Royalty Management Market Under COVID-19
5.10.2 South America Intellectual Property Rights and Royalty Management SWOT Analysis
5.11 South Korea Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Intellectual Property Rights and Royalty Management Market Under COVID-19
5.11.2 South Korea Intellectual Property Rights and Royalty Management SWOT Analysis
5.12 Southeast Asia Intellectual Property Rights and Royalty Management Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Intellectual Property Rights and Royalty Management Market Under COVID-19
5.12.2 Southeast Asia Intellectual Property Rights and Royalty Management SWOT Analysis
6 Global Intellectual Property Rights and Royalty Management Production by Top Regions (2016-2021)
6.1 Global Intellectual Property Rights and Royalty Management Production by Top Regions (2016-2021)
6.2 North America Intellectual Property Rights and Royalty Management Production and Growth Rate
6.3 Europe Intellectual Property Rights and Royalty Management Production and Growth Rate
6.4 China Intellectual Property Rights and Royalty Management Production and Growth Rate
6.5 Japan Intellectual Property Rights and Royalty Management Production and Growth Rate
6.6 India Intellectual Property Rights and Royalty Management Production and Growth Rate
7 Global Intellectual Property Rights and Royalty Management Consumption by Regions (2016-2021)
7.1 Global Intellectual Property Rights and Royalty Management Consumption by Regions (2016-2021)
7.2 North America Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.3 Europe Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.4 China Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.5 Japan Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.6 Middle East & Africa Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.7 India Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.8 South America Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.9 South Korea Intellectual Property Rights and Royalty Management Consumption and Growth Rate
7.10 Southeast Asia Intellectual Property Rights and Royalty Management Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 Dependable Solutions Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.2.3 Dependable Solutions Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Capgemini Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.3.3 Capgemini Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Vistex Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.4.3 Vistex Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Filmtrack Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.5.3 Filmtrack Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Ipfolio Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.6.3 Ipfolio Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 IBM Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.7.3 IBM Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Klopotek Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.8.3 Klopotek Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 FADEL Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.9.3 FADEL Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Lecorpio Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.10.3 Lecorpio Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Oracle Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.11.3 Oracle Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 Anaqua Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Intellectual Property Rights and Royalty Management Product Profiles, Application and Specification
8.12.3 Anaqua Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Intellectual Property Rights and Royalty Management Market Analysis and Forecast by Type and Application
9.1 Global Intellectual Property Rights and Royalty Management Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 On-Premise Market Revenue and Volume Forecast (2021-2026)
9.1.2 Cloud/Hosted Market Revenue and Volume Forecast (2021-2026)
9.2 Global Intellectual Property Rights and Royalty Management Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Retail & Consumer Goods Market Revenue and Volume Forecast (2021-2026)
9.2.2 IT & Telecommunication Market Revenue and Volume Forecast (2021-2026)
9.2.3 Healthcare & Life Sciences Market Revenue and Volume Forecast (2021-2026)
9.2.4 Travel & Hospitality Market Revenue and Volume Forecast (2021-2026)
9.2.5 Media & Entertainment Market Revenue and Volume Forecast (2021-2026)
9.2.6 Government Market Revenue and Volume Forecast (2021-2026)
9.2.7 Publishing Market Revenue and Volume Forecast (2021-2026)
9.2.8 Education Market Revenue and Volume Forecast (2021-2026)
9.2.9 Manufacturing Market Revenue and Volume Forecast (2021-2026)
9.2.10 Others Market Revenue and Volume Forecast (2021-2026)
10 Intellectual Property Rights and Royalty Management Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Intellectual Property Rights and Royalty Management Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
 
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