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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.

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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)
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  • Middle East and Africa (GCC, Southern Africa, North Africa) 

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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  • Europe
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Below is a snapshot of these quadrants.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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.

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Royalty Management Software Services Market