Intellectual Property Management Market Prospects Potential Areas for Expansion and Investment | Taiwan News
Report Ocean has released a market research report on the Intellectual Property Management industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
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The global intellectual property management market was valued at US$ 10 billion in 2022 and is projected to reach US$ 38.93 billion by 2032, growing at a CAGR of 16.3% during the forecast period from 2024 to 2032.
Intellectual property management software allows IP owners to effectively store and safeguard their intellectual assets through trademarks, copyrights, software patents, or trade secrets. It also assists in making their intellectual property data more easily accessible. Patent management software is a type of administrative software designed to oversee the entire workflow process for patent portfolio managers. It helps with tasks such as setting deadlines, sending renewal reminders, organizing case documents, and managing filing and submissions.
Factors Influencing Market Growth
– The main factor fueling the intellectual property management market is the increased acceptance of outsourcing IP management services by various large enterprises
– IP management software and service providers play a key role in developing a more intelligent IP portfolio that aligns with the corporate strategy and maximizes IP assets by leveraging their extensive experience, driving market expansion.
– However, the market growth is hindered by increasing expenses related to protection and enforcement.
Impact of COVID-19
The intellectual property management sector has encountered obstacles in its usual functions due to the COVID-19 outbreak and increasing costs. The pandemic sped up the implementation of digital tools and remote work methods. This change has emphasized the importance of strong, cloud-based IP management solutions that allow easy and secure access to IP portfolios globally. Even with the economic downturn, certain industries experienced a growth in innovations and intellectual property submissions. In particular, there was a notable increase in research and development efforts in the healthcare, pharmaceutical, and technology sectors to tackle the pandemic. This resulted in a rise in the number of patent applications and a growing need for IP management services to manage the surge.
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Regional Analysis
North America had the largest market share in 2023. The region’s growth is due to the strong awareness of intellectual properties and their management by end-users, a large population of internet users in the U.S. and Canada, and the presence of key players like Anaqua Inc., CPA Global, and Questel in the U.S. Additionally, the rise in intellectual property offices in the region is aiding market expansion.
Leading Companies
– Innovation Asset Group, Inc
– Anaqua, Inc
– Cardinal Intellectual Property
– Questel
– Alt Legal, Inc.
– Patrick ab
– Patsnap
– Gemalto NV
– TM Cloud
– Clarivate plc
– Others
Segmentation Outline
The global intellectual property management market is segmented based on component, deployment mode, application, end-user, and region.
Segmentation based on Component
– Software
– Service
Segmentation based on Deployment Mode
– On-premise
– Cloud
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Segmentation based on Application
– Licensing
– Patent Management
– Trademark Management
– Others
Segmentation based on End-user
– IT and Telecom
– BFSI
– Manufacturing
– Healthcare
– Automotive
– Others
Segmentation based on region
– North America?
o The U.S.
o Canada
– Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
– Asia-Pacific
o China
o Japan
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o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
– LAMEA?
o Latin America
o Middle East
o Africa
Key Questions the Report Discusses :-
What essential elements emerged from both primary and secondary research?
What will the market’s future potential be?
Who examines the market report’s complete outcome?
What obstacles and problems face the growth of an industry?
What does supply chain analysis for products and market size, share mean?
Which of the possible manufacturers is still operating in the market?
What are the advantages, benefits, and applications of the product’s features?
What are the main trends and influencing factors?
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