The intellectual property (IP) rights & royalty management solutions help organizations manage issues related to inbound and outbound rights & royalties, with an aim of reducing legal implications, enhancing revenues, and increasing profits. This is achieved by facilitating better control over incoming and outgoing royalties that might lead to revenue leakages. These solutions also help develop reports that can be used for auditing as well as reviewing outstanding balance calculations and royalty calculations. Adoption of IPR & royalty management solutions reduces the time taken to track intellectual property by automatically capturing, verifying, and processing all business-related tasks and eliminating the probability of payment errors. The IP rights & royalty management market is projected to be USD 12.68 Billion by 2021, at a CAGR of 24.2% from 2016 to 2021.
Various vendors prevailing in this market space include, Fadel (U.S.), Klopotek AG (Germany), Vistex, Inc. (U.S.), FilmTrack (U.S.), Anaqua, Inc. (U.S.), Lecorpio (U.S.), CPA Global (Jersey), IPfolio (U.S.), and Dependable Solutions (U.S.). Players in this business sector have embraced different strategies to extend their worldwide presence and expand their market share. Partnerships & acquisitions, and new product launches are some of the significant strategies adopted by the market players to accomplish development in the IP rights & royalty management market. Fadel (U.S.) and Vistex, Inc. (U.S.) have adopted these strategies to expand their product portfolio.
FADEL (U.S.) is a leading provider of cloud-based, enterprise-class intellectual property rights and royalty management software. The company has adopted both organic as well as inorganic strategies to enhance its presence in this market space. The company claims some of the largest media, entertainment, publishing, broadcasting, and high-tech brands in the world as clients. 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.
Vistex, Inc. (U.S.) is the global leader in Go-to-Market solutions, providing enterprise software solutions to users or customers to effectively and efficiently manage pricing, incentive, rebate, and royalty. The company also provides solutions for channel programs to manage entire product distribution chain with ease, which benefits industries, such as agriculture, automotive, chemical, consumer products, and so on. The company focuses on serving a broad range of customers with domain expertise and deep industry knowledge, and stimulating innovation by enabling inventors with appropriate returns on their investments.
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
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