Business
Image Protect Inc. Achieves 300% Efficiency Increase in Infringement Case Settlement Time; Core software engineering breakthrough expedites average case settlement time to 46 Days
Image Protect Inc. Achieves 300% Efficiency Increase in Infringement Case Settlement Time; Core software engineering breakthrough expedites average case settlement time to 46 Days.
About this update from Image Protect, Inc.
[{"type":"text","content":"\n\n SAN CLEMENTE, Calif., Dec. 15, 2017 (GLOBE NEWSWIRE) -- Image Protect Inc. (OTC PINK:IMTL) (imageprotect.com) (the \"Company\"), the global leader in end-to-end copyright software, is excited to report a dramatic streamlining in its infringement case settlement process logistics for post-identification caseloads. Management points to its newly upgraded tracking software design to account for the dramatic improvement in processing time.\n The Company believes the engineering achievement carries implications for both revenue and client growth, as processing time not only directly impacts per period receivables, but should also bolster client satisfaction and the Company’s reputation in the infringement protection space. Company COO, Jonathan Thomas stated, “We are extremely excited about the new timetable, and attribute the marked decrease to technological upgrades performed earlier this year. This business can actually be boiled down to two principal factors: number of cases, and time to settlement. As demand for infringement protection grows as a natural function of the proliferation of digital imagery, our ability to shorten the timeframe for settlement will become a direct factor in revenue growth per period.” Evidencing this expected demand growth, management points to recent comprehensive industry research from multiple sources. ResearchNReports, an industry-leading data analytics firm, recent released a comprehensive analysis of the U.S. Digital Rights Management market, making the case for enormous sustainable growth over coming years. In terms of total sales, the U.S. market stood at $291.5 million in 2016 and is anticipated to reach just shy of $1.5 billion by 2025, which represents a massive CAGR of 19.9% over the forecast period. Those projections gained further support from recent research by MarketsandMarkets, where independent estimates projected an overall DRM market growth rate of 22.1%, taking the market from roughly $1.1 billion in 2015 to 2.9 billion by 2020. Empirical data adds another pillar to this outlook: Google received just over 75 million DMCA-related takedown requests in the month of March alone, representing a new highwater mark. The rate at which the requests have grown is staggering. Google is asked to remove 100,000 'Pirate Links' every hour of every day. Thomas continue...