Technological Development Involved In The Software Industry Is Increasing The Demand For Copyright Licensing Market
The copyright licensing market is set for strong growth, as a result of increasing concern of authors, musicians, and artists to protect their work and content. Copyright license is generally used in music, cinematography, artistic work, and architecture verticals to limit copy of content and provide credibility to actual creator.
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Increasing need to implement and execute regulations and licenses in the entertainment industry as well as literature, and artworks is expected to drive the copyright licensing market growth over the forecast period (2020-2030). Furthermore, a greater technological development involved in the software industry is increasing the demand for copyright licensing in IT & Telecom industry.
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Copyright Licensing for Literature Work to Account for Lion’s Share
With mounting number of published research papers and books on numerous topics related to education, lifestyle, and product development, copyright licensing of literature works is expected to account a major share of the total market revenue. Furthermore, copyright licenses for artistic works are gaining significant traction, and the segment is expected to gain 110 BPS in its market share by 2030 over 2020.
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Large Enterprises to Account for Two-Third of Market Share
Copyright license finds its usage in numerous fields associated with product development, content marketing, and digital marketing. With a rise in level of competition, large enterprises are increasing their investment in new marketing strategies to expand their market reach and target customer base.
While SMEs lag far behind large enterprises in terms of technological capabilities and resources, the need for copyright licensing in SMEs is poised to grow at a CAGR of 5.9% over the forecast period.
Copyright Licensing Market: Segmentation
Fact.MR has studied the copyright licensing market with detailed segmentation on the basis of type, organization, vertical and key regions
Small and Medium Enterprises (SMEs)
Music and Entertainment
Art & Graphics
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WIPO Emerges as Key Regulatory Authority at Global Level
The World Intellectual Property Organization (WIPO) is one of the 15 particular offices of the United Nations (UN). WIPO was made to advance and protect intellectual property (IP) over the world by helping out nations just as universal associations. WIPO directs a few worldwide bargains in the zone of copyright and related rights.
Contribution of 193 countries in WIPO related with administrative compliances in the board of licensed innovation has made the association a global expert for overseeing IP rights at both global and local degree. Furthermore, member countries of WITO have their own independent regulatory authority associated with protection of intellectual property.
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