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Global Intellectual Property Software Market Share, Size, Trends, Analysis, Forecast: By Component: Service, Software; By Deployment Mode: Cloud, On-premise; By Application: Patent Management, Trade Management, Licensing; By End Use: Individual, Commercial; By Industry Vertical; Regional Analysis; Competitive Landscape; 2023-2028
Global Intellectual Property Software Market Outlook
The global intellectual property software market size is expected to grow at a CAGR of 14.20% during the forecast period of 2023-2028, owing to the increasing adoption of artificial intelligence technology.
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Key Trends in the Market
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.
- Intellectual property assets support economic growth in a number of ways. Many businesses receive royalties from licencing their IP assets to third parties and can prevent misuse of their copyrighted material with adequate IP software. Therefore, increased focus on managing and protecting intellectual property is anticipated to drive the global intellectual property software market growth throughout the forecast period.
- The development of a digital society depends heavily on the intellectual property system. It is essential to handle issues with security, privacy, and customer protection in order to advance the digital economy. Therefore, it is anticipated that increased development of the digital economy will spur market growth in the near future.
- New technologies also provide a greater application of licences or certificates to prevent duplication of IP assets. Therefore, during the forecast period, such factors are anticipated to fuel the expansion of the global intellectual property software market.
Global Intellectual Property Software Market Analysis
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.
- Innovation Asset Group, Inc.
- Patrix AB
- Anaqua, Inc.
- WebTMS Ltd.
- Lecorpio LLC
- Others
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Market Share by Deployment Mode
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.
Market Share by Region
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 2022 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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Competitive Landscape
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Mode |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Intellectual Property Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Intellectual Property Software Historical Market (2018-2022)
8.3 Global Intellectual Property Software Market Forecast (2023-2028)
8.4 Global Intellectual Property Software Market by Component
8.4.1 Service
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Intellectual Property Software Market by Deployment Mode
8.5.1 Cloud
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 On-premise
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Intellectual Property Software Market by Application
8.6.1 Patent Management
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Trade Management
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Licensing
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Intellectual Property Software Market by End Use
8.7.1 Individual
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Commercial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Intellectual Property Software Market by Industry Vertical
8.8.1 Automotive
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Technology
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 BFSI
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 IT and telecom
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Retail and Agriculture
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
8.8.6 Others
8.9 Global Intellectual Property Software Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Innovation Asset Group, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Patrix AB
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Anaqua, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 WebTMS Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Lecorpio LLC
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Intellectual Property Software Market: Key Industry Highlights, 2017 and 2021
2. Global Intellectual Property Software Historical Market: Breakup by Component (USD Million), 2018-2022
3. Global Intellectual Property Software Market Forecast: Breakup by Component (USD Million), 2023-2028
4. Global Intellectual Property Software Historical Market: Breakup by Deployment Mode (USD Million), 2018-2022
5. Global Intellectual Property Software Market Forecast: Breakup by Deployment Mode (USD Million), 2023-2028
6. Global Intellectual Property Software Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Intellectual Property Software Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Intellectual Property Software Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Intellectual Property Software Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Intellectual Property Software Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
11. Global Intellectual Property Software Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
12. Global Intellectual Property Software Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Intellectual Property Software Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Intellectual Property Software Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Intellectual Property Software Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Intellectual Property Software Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Intellectual Property Software Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Intellectual Property Software Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Intellectual Property Software Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Intellectual Property Software Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Intellectual Property Software Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Intellectual Property Software Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Intellectual Property Software Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Global Intellectual Property Software Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 14.20% between 2023 and 2028.
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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