
Lessors Of Nonfinancial Intangible Assets Market Analysis 2023-2028: Leading Regions, Lucrative Segments And Upcoming Trends As Per The Business Research Company's Lessors Of Nonfinancial Intangible Assets Global Market Report 2024
LONDON, Jan. 02, 2024 (GLOBE NEWSWIRE) -- As per The Business Research Company's Lessors Of Nonfinancial Intangible Assets Global Market Report 2024, the global lessors of nonfinancial intangible assets market has demonstrated robust growth, surging from $616.18 billion in 2023 to an estimated $676.19 billion in 2024 at a compelling Compound Annual Growth Rate (CAGR) of 9.7%. The momentum continues, with projections indicating rapid growth to reach $997.79 billion by 2028 at a CAGR of 10.2%.
Key Segments and Trends:
Types:- Oil Royalty Companies Patent Owners and Lessors
- Online Offline
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Digital Transformation Driving Growth:
The anticipated growth of the Lessors of Nonfinancial Intangible Assets market is intricately tied to the rising wave of digital transformation. As businesses globally undergo digital transformation, integrating digital technology across all functions, the demand for nonfinancial intangible assets such as software licenses, patents, copyrights, and digital content is expected to surge. Organizations seek to lease these assets to access the latest digital innovations, ensuring they remain competitive in the ever-evolving digital landscape.
According to the RSM US Middle Market Business Index (MMBI) Digital Transformation Special Report, 74% of respondents in Q2 2023 stated that digital transformation was a crucial investment area for their companies. Additionally, 77% of surveyed executives plan to increase IT budgets in 2024, highlighting the strategic importance of digital initiatives.
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Technological Advancements in Asset Management Solutions:
Major players in the Lessors of Nonfinancial Intangible Assets market are focusing on technologically advanced asset management solutions to gain a competitive edge. For instance, Avanci, a US-based provider of patent licensing solutions, launched a groundbreaking 5G standard-essential patent licensing program specifically tailored for the automotive industry. This program streamlines the licensing process for patented cellular communication technologies vital for connected vehicles, fostering communication between vehicles, cyclists, pedestrians, and transportation infrastructure.
For companies operating in this dynamic lessors of nonfinancial intangible assets market, leveraging the insights provided in the Global Market Report is crucial for strategic positioning. By staying informed about emerging trends, technological advancements, and market dynamics, players can tailor their strategies to capitalize on the tremendous growth potential in the lessors of nonfinancial intangible assets market.
Lessors Of Nonfinancial Intangible Assets Global Market Report 2024 by The Business Research Company provides insights on the lessors of nonfinancial intangible assets market size, lessors of nonfinancial intangible assets market segments, lessors of nonfinancial intangible assets market trends, drivers and restraints, major competitors' market positioning, revenues and market shares.
The Business Research Company has published over 7,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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The Business Research Company is a market intelligence firm pioneering in company, market, and consumer research. With offices all around the world, TBRC has specialist consultants in a variety of fields, including manufacturing, healthcare, financial services, chemicals, and technology.
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The Business Research Company's flagship product, Global Market Model , is a market intelligence platform covering various macroeconomic indicators and metrics across 58 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

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