OREANDA-NEWS. 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..., Market Research Report: MarketsandMarkets.

The intellectual property (IP) rights & royalty management 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. The rising demand of organizations to better manage their royalties from different accounts, increase profitability, and overall revenue has been the driving factor for the growth of intellectual property rights & royalty management solutions market.

The global market has been segmented on the basis of solution type, deployment type, organizations size, vertical, and region. On the basis of deployment type, the intellectual property rights & royalty management market has been segmented into on-premises and cloud/hosted.

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

The intellectual property rights and royalty management market is further segmented into different verticals. Among all the verticals, media & entertainment is one of the largest segments. The growth of this segment is attributed to the increasing necessity to monetize the contents for various broadcasting services such as TV broadcasting and over the top broadcasting.

The intellectual property rights & royalty management market has been segmented based on solution type into standalone and integrated. Depending on their requirement and size, the organizations accordingly deploy either a standalone solution or an integrated one. There has been a demand shift from standalone to integrated solutions owing to the increase in size of organizations as well as their processes.

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, and others.

The IP rights & royalty management solutions offer numerous benefits to the users and organizations, however at the same time accompanies high cost of capital required for implementation. Integrating IPR & royalty management software tool needs heavy investments as the cost of the software is itself high and is difficult for SME’s to afford. The cost of software increases depending on the complexity of the processes of an organization. Thus, many SME’s with more complex process are resistant towards investing on IP rights & royalty management software.

FADEL is a leading provider of cloud-based, enterprise-class intellectual property rights and royalty management software. FADEL is a trusted authority to track and monetize intellectual property usage, enabling organizations of any size to verify, capture, and manage their IP assets. The company prioritizes its focus on the monitoring client industries to better understand the changes their businesses go through, and to help them better monetize their portfolios.