Gradual growth: Inflationary pressures are weighing on revenue growth in 2023-24
Over the five years through 2023-24, revenue is projected to increase at a compound annual rate of 0.7% to £17 billion. IP leasing demand has benefitted from increasing technological complexity in vehicles, software and pharmaceuticals. Tax incentives have also supported demand over the period by reducing the cost of developing and therefore, the price of leasing IP.
Companies in this industry allow others to use intellectual property products and similar products for which a royalty payment or licensing fee is paid to the owner of the product. The leasing of these products can take various forms, such as permission for reproduction, use in subsequent processes or products. The current owners may or may not have created these products. The industry does not include copyrighted works.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Methodology
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