The term royalty is associated with the assets that are tangible or intangible in nature. These assets include building infrastructure, mining areas, patent, copyright, trademark and others. These assets can be associated with individual person or a corporate organization. For instance, the owner of mines permits extraction of minerals such as coal, copper, stone from his land following which the owner of the land is liable to get royalty. Therefore, royalty is a payment to be paid periodically by the user of assets for utilizing the benefits of authorities assigned to the owner of the assets.
Royalty management currently has become complex with increased number, size, type, interrelationships of leases, and the sales. Furthermore, large sums involved have led to more complex processes, however, the evolution of technology has played a vital role in managing and simplifying the royalty calculations, revenue shares, growths, and the associated accounting processes. The royalty management software and services offered by service providers enable organizations to streamline their processes, helps them to avoid and terminate duplicate data, thereby, saving costs associated with the everyday management and administration of royalties and rights. Additionally, it replaces inefficient processes with best in class practices and automation, bringing significance in time savings and increased accuracy.
For an organization to improve its efficiency and reliability, it is necessary to maintain strong financial condition to remain competitive in the market. Royalty management solutions are designed with the ability and flexibility to meet the royalty needs of an organization, enabling generation of royalty statements efficiently. Also, royalty management system ensures comprehensive control to achieve maximum profit from organization’s licensing agreements. In addition, governments in various countries have formulated stringent intellectual property laws to avoid copyright infringement which is expected to aid the growth of royalty management software and services market. The increased need for enhanced administration is further expected to aid the growth of royalty management software and services. The centralization of data over cloud has eased its accessibility for multiple users at distant locations, while reducing operating cost.
The royalty management software and services are usually accessible on both web-based and cloud-based platforms. Additionally, the royalty management software and solutions are finding wide applications in various organizations across multiple sectors, such as digital service providers, music and video, streaming services, record labels, movie studios, video distributors, interactive entertainment, providers, news agencies, high-tech organizations, mobile providers, telecommunications, oil & gas, publishing houses, and semiconductor industry.
With companies more focused on mergers and acquisitions to deliver comprehensive solutions, the market is expected to grow with the launch of theses enhanced solutions. For instance, in March 2015, FilmTrack, a provider of intellectual property and rights management solutions acquired RoyaltyZone, a provider of licensing and royalty solutions. FilmTrack aims to offer a robust end-to-end platform that would manage the lifecycle of license agreements, rights, products, and royalties. The key players involved in the royalty management software and services market include Oracle Corporation, The Eclipse Group, Microgen Aptitude Ltd., CGI Group Inc., ITC Infotech India Ltd., MetaComet Systems, and FilmTrack.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.