SAN CLEMENTE, CA, Dec. 04, 2017 (GLOBE NEWSWIRE) --
Image Protect Inc. (OTC PINK: IMTL) (imageprotect.com) (the "Company"), the global leader in end-to-end copyright software, points to a dramatic increase in the number of outstanding and active digital image copyright infringement cases currently seeking settlement, with over 2,000 cases out for settlement internationally, and in excess of 1,500 cases out for settlement domestically. Management notes this should translate directly into increased monetization for the Company over the near term.
The Company has developed a proprietary technology solution to enable the identification of illicit instances on the internet of protected imagery under its care. Due to Image Protect’s dramatic year-over-year growth in clientele, images now under the protection of the Company have soared, and cases now in due process because of its direct impact have grown from Beta levels in 2015 into the thousands today.
Chief Operating Officer, Jonathan Thomas stated, “’Cases out for Settlement’ has always been a bellwether indicator for the Company’s future top-line growth. 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 comprehensive industry report from ResearchNReports, the U.S. Digital Rights Management (“DRM“) market is expected to show 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.
Management notes that these forecasts don’t tell the entire story given the Company’s recent expansion 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 impressive $1.5 billion by 2025.
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.
About Image Protect
Image Protect protects and monetizes creative works. By uniting technology with a team of copyright experts, we ensure that content providers preserve the value of their digital assets. Our web application monitors the global Internet to seek and collect evidence for illegally used visual content. Then our legal partners across North America, Europe, and Asia ensure our clients receive appropriate compensation for work used without valid license.
Safe Harbor Provision
Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.