Copyright Licensing Market
Copyright Licensing Market By Type (Literature Works, Films, Music, Artistic Works, Architectural Designs), By Organization (Large Enterprises, SMEs), By Vertical (Music and Entertainment, Architecture, Animation, Art & Graphics), By Region - Global Market Forecast 2020-2030
Copyright Licensing Market Insights: Increasing Concerns over Protection of Content and Credibility of Author to Drive Growth
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.
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.
The copyright licensing market remains primarily driven by significant growth of the film & entertainment industry over last decade. An increased rate of literacy across both developed and developing countries has also resulted in increasing number of literature and artistic work. This, in turn, will offer tailwinds to the growth curve of the copyright licensing market, which is expected to record a CAGR of 5.3% over the forecast period.
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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.
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 Analysis by Vertical
The music and entertainment vertical continues to contribute substantial revenue to the copyright licensing market, owing to the emergence of numerous OTT platforms over the recent past. On the other hand, growing intensity of animation works, as result of huge attention towards anime TV series is facilitating new opportunities for copyright licensing market players.
Copyright licensing for architecture is projected to gain momentum and create an absolute $ opportunity of US$ 33Mn during forecast period. The vertical is estimated to account for 20% revenue share of the global market by 2030-end.
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Regional Insights: North America’s Market Remains in the Vanguard
North America is seen as the most lucrative region for the copyright licensing market, backed by strong growth of the literature and music & entertainment industries. Regional trends and regulatory policies play an important role in development of North America’s copyright licensing market. In particular, the U.S.’s copyright licensing market is poised to grow at CAGR of 5.0% and create absolute $ opportunity of US$ 130Mn over the forecasted period.
Key companies active in copyright licensing are increasingly viewing South Asia from the target market perspective, on the back of increasing adoption of digital marketing strategy across enterprise and mounting awareness of e-learning and online markets for artistic works.
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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COVID-19 Impact Analysis
The spread of the coronavirus has crippled the entire world. Nearly all countries have imposed lockdowns and strict social distancing measures. This has resulted in halting of film production activity. The literature, animation and architecture are important application areas of copyright licensing, which are facing massive ramifications of the ongoing pandemic. A decline in the construction industry has also impacted the copyright licensing market with respect to licensing architectural buildings and designs.
The Analyst’s Viewpoint
“The copyright licensing market will continue to witness strong growth, as an aftereffect of rapid growth of the literacy rate and the film & entertainment industry across the globe”.
Copyright Licensing Market: Scope of Report
Fact.MR published an exclusive forecast report on the copyright licensing market for the period of2020-2030. The foremost objective of the copyright licensing market report is to pitch spearhead insights on market scenario, demand generators, and technological advancements in the copyright licensing market. Also, the copyright licensing market study addresses key dynamics, which are expected to diversify the adoption and future prominence of the copyright licensing market.
The report on copyright licensing market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of the copyright licensing market, elaborating on the key segments. Also, the report outlines visionary insights on dynamics of the copyright licensing market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors.
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
- Literature Works
- Artistic Works
- Architectural Designs
- Large Enterprises
- Small and Medium Enterprises (SMEs)
- Music and Entertainment
- Art & Graphics
- North America
- Latin America
- East Asia
- South Asia