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or mislead the brand identity of any particular company. By stopping the unauthorized usage of the brand, the software assures that a company’s digital assets are not compromised and customers can trust that they are communicating with a reliable business. For instance,
Such cases of misleading brand reputation and values increase the demand for brand protection software.
As generative AI mechanisms are becoming increasingly popular, they present both prospects and challenges for brand owners from the perspective of brand tracking and protection. While AI stances risk brand authenticity and identity, they help create new innovations, creativity, and custom-made experiences.
Generative AI can help brands improve their brand protection with modernized threat detection capabilities, anomaly identification, automated operations, and real-time monitoring and replies, among others. Hence, the integration of gen AI capabilities can be used to identify website issues and automatically protect the overall brand reputation. For instance,
The growing usage and integration of generative AI capabilities can create numerous prospects for brands to protect their reputation.
Advanced Features of Brand Protection Software, such as Real-time Monitoring and Tracking, Propel the Market Demand
Real-time checking of online channels is vital to warrant brand protection. It enables quick detection and reply to any illegal usage of a brand’s content, intellectual property, or trademarks. Brand protection software offers 24/7 scrutiny across several online platforms, such as e-commerce sites, social media, and market spaces. Automated takedown requirements are an operative technique for quickly and efficiently eliminating illegal content from the web. With the help of brand protection software, users can mechanize this procedure to manage huge volumes of breaches without human intervention.
Furthermore, an integrated dashboard is a prominent feature of the software, enabling easy tracking of all brand protection actions at one center. It makes it easier to monitor possible threats and take immediate action when required.
Such modernized features of brand protection solutions increase its demand across different end-users.
Lack of Expertise May Limit the Usage of Brand Protection Software
The implementation of brand protection software requires proper usage of huge volumes of data that are created online through various platforms that have their presence. Furthermore, integration with various present systems can be complex.
As cyber criminals are adopting new mechanisms, it is mandatory to have expert professionals to deal with such issues or it can lead to false positives and data breaches. Thus, a lack of expertise in managing such data, technologies, and analysis can hamper the usage of software in the market.
Rise in Counterfeit Products Due to the Growth in Digital Proliferation Creates Numerous Market Opportunities
The digital era has revolutionized the way various businesses function. E-commerce market spaces have become a new opportunity for consumers to shop. And it is easier for infringers and counterfeiters to harm brand assets and mislead consumers, making brand protection vital.
The forged products of renowned brands on e-commerce websites have seen considerable growth in recent years, destroying the brand reputation of not just big names such as Apple, Louis Vuitton, and Nike but even D2C brands and small-sized startups. Having suitable transparency reports and rapid action against frauds and counterfeiters, and safeguarding customer interest, has become a mandate for brands and e-commerce platforms. Furthermore, various countries' governments and organizations are taking initiatives to protect brands from such fraud. For instance,
By Deployment | By Enterprise Type | By End-user | By Geography |
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The report covers the following key insights:
Based on deployment, the market is segmented into cloud and on-premise.
The cloud-based segment dominates the global market share owing to its numerous benefits, such as better scalability, real-time monitoring, cost-efficiency, and others. A rise in the demand for cloud-driven solutions among marketers and advertisers contributes to the progress of cloud-based brand protection software in the market. For instance,
By enterprise type, the market is segmented into large enterprises and small and medium-sized enterprises (SMEs).
The large enterprises segment is anticipated to expand at the highest growth rate. The probability of counterfeit products and misleading consumers under the name of a big brand is comparatively high. This increases the demand for brand protection software across such brands. For instance,
Based on end-user, the market is segmented into retail & e-commerce, education, BFSI, healthcare, media & entertainment, and others.
The retail and e-commerce segment accounted for the highest market share in 2023. This is owing to its numerous benefits, such as trademark protection, online monitoring, maintaining consumer trust, price monitoring, brand analytics, reporting, and others. For instance,
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North America held the highest market share in 2023 owing to a larger presence of marketplaces for different industries, including e-commerce, retail, banking and finance, and others. The region has the presence of big brands such as Nike, Amazon, Walmart, Kroger, and others.
The Europe market is anticipated to exhibit a significant growth rate during the study period. Some European countries such as France, Italy, and Germany, among others, have huge brands, increasing the need for brand protection software across the region. Governments across these regions are taking initiatives against fraud and trying to mislead consumers with fake products. For instance,
The global brand protection software market is consolidated, with the presence of a numerous players in the market.
The report includes the profiles of the following key players:
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