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The global intellectual property software market size is expected to grow at a CAGR of 14.20% during the forecast period of 2024-2032, owing to the increasing adoption of artificial intelligence technology.
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The term ‘intellectual property’ designates a class of property that has been produced by the human mind, including intangible works, art, designs, inventions, and more. Software for managing intellectual property enables individuals and businesses to effectively safeguard and manage their intellectual property. End users are increasingly using intellectual property software In order to preserve and build brands, maintain the privacy and confidentiality of their work, and secure exclusive rights to their inventions.
Based on component, the market is segmented into service and software. The market on the basis of deployment mode can be divided into cloud and on-premise. By application, the market is categorised into are patent management, trade management, and licensing. Based on end use, the market is segmented into individual and commercial. On the basis of industry vertical, the market is classified into automotive, technology, BFSI, IT and telecom, and retail and agriculture, among others. The regional markets for intellectual property software can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global intellectual property software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
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During the forecast period, the cloud segment is anticipated to dominate the intellectual property software market. Due to features including on-demand availability of solutions and services and automatic updates, cloud deployment services are becoming more widely used, which is responsible for the market growth. Additionally, compared to on-premises solutions, cloud services enable people and companies to track apps conveniently by enabling them to do their jobs as simply as possible.
In on-premise deployment, the internal infrastructure of an organisation is used to install and run the intellectual property software. Additionally, those who file patents can track and manage their applications using the PC software. The on-premise implementation enables internal teams to find and solve system flaws. While on-premise deployment tends to involve higher costs, it is often considered to be more secure and reliable than cloud based deployment.
The market for intellectual property software is expected to be dominated by North America at a regional level. The presence of firms like Anaqua Inc. in the Unites States, and high awareness of intellectual property and its management are contributing to the region's growth. Additionally, the region's growing network of intellectual property offices is contributing to market expansion.
The major driving factors in the intellectual property software market in North America are the growing emphasis of businesses on intellectual asset protection. The rising demand for effective and efficient management of intellectual properties, as well as a rising number of innovations in the region are also contributing to market growth.
From 2023 to 2027, the market in the Asia Pacific region is projected to grow at a substantial CAGR. The region's market expansion is anticipated to be boosted by the rising number of IT and telecom enterprises, along with different manufacturing facilities in nations like China and India.
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Innovation Asset Group, Inc., an intellectual property management software and services provider was established in 2002 and has its corporate headquarters in Oregon in the United States. It creates software that makes it easier for businesses focused on innovation to manage their intellectual property and inventions.
Patrix AB, headquartered in Sweden, is an international intellectual property case management software provider. The company offers quick answers for intellectual property specialists who wish to better control costs, improve profitability, boost production, and keep clients. Its main goal is to save client time and effort in the daily activities of managing all IP issues, increase revenues by recording billable time, accurately bill clients, and improve client relationships.
Anaqua, Inc., a privately-owned company based in Massachusetts, United States, has offices around Asia and Europe. Companies and legal firms can use their software and services to leverage their intellectual property for competitive advantages. They provide businesses and law firms with tools and services for intellectual asset management to help them manage their patents, trademarks, and trade secrets more effectively and achieve a competitive edge.
Other market players include WebTMS Ltd. and Lecorpio LLC, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Deployment Mode |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 14.20% between 2024 and 2032.
The major drivers of the market include the increased focus on managing and protecting intellectual property, increased internet usage, growing awareness of intellectual property and its management, and rising number of innovations.
The rising number of IT and telecom enterprises, increased IP usage in the digital economy, and expansion of blockchain technology are the key industry trends propelling the growth of the market.
The major players in the intellectual property software market are Innovation Asset Group, Inc., Patrix AB, Anaqua, Inc., WebTMS Ltd., and Lecorpio LLC, among others.
Intellectual property (IP) management software is used by businesses and IP law firms to manage and protect ideas, patents, copyrights, trademarks, licences, royalties, brands, and other intellectual property legal rights.
The primary applications of intellectual property are patent management, trade management, and licencing.
An inventor or originator is believed to have the copyright to their idea, work, or innovative invention. The copyright, however, belongs to the employer if the work was produced under a work-made-for-hire arrangement or an employer-employee agreement.
There are three primary types of intellectual property are copyrights, trademarks, and patents.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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