San Clemente, CA—There is a dramatic increase in the number of outstanding and active digital image copyright infringement cases currently seeking settlement. The announcement was made by Image Protect Inc. The company is a provider of end-to-end copyright software. There are more than 2,000 cases out for settlement internationally and in excess of 1,500 cases out for settlement domestically.
Image Protect’s proprietary technology enables the identification of illicit instances on the Internet of its clients’ protected imagery. Due to Image Protect’s year-over-year growth in clientele, images now under the protection of the company have increased. Also, cases in due process because of its impact have grown from Beta levels in 2015 into the thousands.
“‘Cases out for Settlement’ has always been a bellwether indicator for the company’s future top-line growth,” said Jonathan Thomas, chief operating officer of Image Protect. “With such a dramatic increase in the number of cases out for settlement as we close the year, we can predict 2018 will almost certainly be a breakout record year for the company in terms of total sales.”
According to a recent industry report from Research N Reports, the U.S. Digital Rights Management (DRM) market is expected to show enormous sustainable growth over the coming years. In terms of total sales, the U.S. market stood at $291.5 million in 2016. In addition, it is anticipated to reach shy of $1.5 billion by 2025. This represents a massive CAGR of 19.9% over the forecast period.
This data is even exceeded by other recent research on the space. MarketsandMarkets independently estimates the overall DRM market is set to grow from roughly $1.1 billion in 2015 to 2.9 billion by 2020, at a CAGR of 22.1% over the forecast period.
Image Protect monetizes and protects creative works. By uniting technology with copyright experts, their goal is to ensure content providers preserve the value of their digital assets.
The company’s web application monitors the global Internet to seek and collect evidence for illegally used visual content. Then their legal partners across North America, Europe and Asia ensure clients receive appropriate compensation for work used without valid license. imageprotect.com