Business
Image Protect Points to Improved Growth Outlook, Citing Recent Research
Image Protect Points to Improved Growth Outlook, Citing Recent Research.
About this update from Image Protect, Inc.
[{"type":"text","content":"\n \n \n Image Protect Points to Improved Growth Outlook, Citing Recent Research\n \n \nImage Protect Points to Improved Growth Outlook, Citing Recent Research\n\nIndustry Research Suggests 530% Revenue Growth Potential for Image Protect's Core Market in Coming Years\n\n \n SAN CLEMENTE, CA--(Marketwired - Nov 15, 2017) -  Image Protect Inc. (OTC PINK: IMTL) (imageprotect.com) (the \"Company\"), the global leader in end-to-end copyright software, points to significantly increased growth potential in the digital visual intellectual property protection market according to a new in-depth research report on the Digital Rights Management Market outlook through 2025. The research report came to light through an on-line publication by VC Reuters News Service.\n Recent analysis conducted by ResearchNReports (\"the Report\") finds the overall cloud-based digital rights management space set to grow from $491.5 million in 2016 to just over $2.5 billion by 2025. The numbers are even more dramatic for on-premise digital rights management, which is seen growing 386.5% from present levels to a total market size of $3.7 billion. \n The drivers cited in the Report's analysis broadly match those cited by Image Protect's own models: rising piracy is becoming an increasingly devastating threat to organizational bottom lines, and pervasive integration of handheld smart devices into cultural life has led to a reduced focus on IP protection among IT product developers (mass consumerization).\n Moreover, the Report draws logical lines that represent near-perfect parallels to Image Protect's business model, suggesting that it may offer one possible perspective on the Company's future business trends in terms of sales, overall demand, capital availability, and return on investment.\n According to the report, the U.S. Digital Rights Management market is expected to show sustainable growth during the forecast period. In terms of revenue, 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. However, one should note that the Company has recently made significant inroads into the European market, where growth is expected to run around 19.5% over the same period, vaulting total European market size for digital rights management to an...