Semiconductor IP Market Share, Growth To 2020: Grand View Research, Inc.

The semiconductor IP market exhibits decent growth potential owing to organizations’ continual needs to improve on their business processes and improve productivity. IP cores could be developed and licensed to another party or can be owned and used by the single party. The design of an integrated circuit comes out of considerable investments in R&D and know-how. Moreover such ICs need incessant enhancement such as reduction in its size. Hence government agencies provide the creator monopoly right of exploitation.
http://www.grandviewresearch.com/industry-analysis/semiconductor-ip-market