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INTELLECTUAL PROPERTY SOFTWARE MARKET ANALYSIS

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The “Global Intellectual Property Software Market, By Component(Software (Cloud-based and On Premise) and Services (Development &Implementation Services, Consulting Services and Maintenance & Support Services)) by Application (Patent Management, Trademark Management, Intellectual Property (IP) Portfolio Management, Intellectual Property (IP) Licensing, Intellectual Property (IP) Reporting & Analytics and Others), by End-use Industry (Individuals (independent Inventors), and Enterprises (Banking, Financial Institutions, and Insurance (BFSI), Government, Healthcare, IT & Telecommunication, Electronics, Manufacturing and Others)), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 8,830.32 Million by 2027, witnessing a CAGR of 13.3 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights. – PowerPoint PPT presentation

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Title: INTELLECTUAL PROPERTY SOFTWARE MARKET ANALYSIS


1
Coherent Market InsightsMarket Research and
Business Consulting Serviceshttps//www.coheren
tmarketinsights.comINTELLECTUAL PROPERTY
SOFTWARE MARKET ANALYSIS
2
Market Overview
  • Intellectual property refers to a category of
    property that encompasses intangible creations of
    the human intellect. Intellectual property
    software allows users and organizations to
    efficiently protect and manage their intellectual
    properties. There are different types of
    intellectual properties and some countries
    recognize more than others. Intellectual property
    software is being increasingly adopted by end
    users to protect and develop a brand, keep their
    work confidential and private, and protect
    exclusive tenure of their creations, in order to
    gain advantage in the competitive market.
    Intellectual property rights enable the Ministry
    of Micro, Small and Medium Enterprises (SMEs) to
    have exceptionality over the exploitation of
    their creative designs, and their innovative
    original or new products, and brands.
  • The global intellectual property software market
    is estimated to account for US 3,015.2 Mn in
    terms of value in 2019 and is expected to grow at
    a CAGR of 14.3 during the forecasted period
    2019-27.

3
Market Dynamics- Drivers
  • Rising focus on managing and protecting
    intellectual property is expected to drive growth
    of the global intellectual property software
    market during the forecast period
  • The protection and management of the intellectual
    property have become a top priority for many
    private organizations, especially in applications
    such as artistic, cultural, and technology
    industries. An efficient and equitable
    intellectual property software can help
    enterprises understand potential of intellectual
    property as a catalyst for cultural and social
    well-being and economic development. Moreover,
    intellectual property assets drive economic
    development in several ways, since many companies
    gain royalty incomes from licensing their IP
    assets to other parties. Thus, rising emphasis on
    protection and management of intellectual
    property is expected to support the market growth
    in the near future.
  • Increasing adoption of IP in digital economy and
    growth of new business models is expected to
    propel the global intellectual property software
    market over the forecast period
  • The intellectual property system plays a crucial
    role in the expansion of the digital society.
    Security, privacy, customer protection, and
    intellectual property are key factors that need
    to be addressed in order to promote digital
    economy. Hence, increase in adoption of IP in the
    digital economy is expected to boost expansion of
    the market in the near future. Furthermore,
    business models are related to technological
    innovation. The enforcement of intellectual
    property rights can underpin the sustainability,
    rise, and growth of new business models.
    Moreover, new technologies ensure stronger
    implementation of licenses or certificates to
    protect IP assets from duplications. Thus, these
    factors are expected to propel the global
    intellectual property software market growth
    during the forecast period.

4
  • North America region dominated the global
    intellectual property software market in 2019,
    accounting for 34.1 share in terms of value,
    followed by Europe and Asia Pacific,
    respectively.

5
Market Dynamics- Restraints
  • Low awareness regarding IP systems is expected to
    hamper the global intellectual property software
    market growth during the forecast period
  • Low awareness related to IP systems and their
    usefulness is the major restricting factor for
    the market growth. Consumers are less aware of
    the fact that intellectual property software
    provides a number of benefits apart from
    protection and management of intellectual
    property assets. Moreover, this lack of awareness
    is highly prevalent in emerging economies such as
    MEA and Latin America. Thus, these factors are
    expected to hamper growth of the market during
    the forecast period.
  • High costs and complexity related IP system are
    expected to restrain growth of the global
    intellectual property software market over the
    forecast period
  • The major challenge in large scale adoption of
    intellectual property software is the perceived
    high cost of the system. This is owing to costs
    related to acquisitions of IP rights. Moreover,
    complexity or ineffectiveness of the intellectual
    property systems, particularly in terms of
    implementation of patent rights is another factor
    hampering the growth of the market. As a result
    of this, many small and medium-sized companies
    are reluctant to adopt these technologies.
    According to the General Accounting Office (GAO)
    report, small industries, primarily high
    technology organizations, were losing possible
    deals in overseas markets by not applying for
    patent protection abroad. This is primarily due
    to the limited knowledge, high costs, and limited
    resources among small and medium businesses
    (SMBs) about foreign patent systems and laws.

6
Market Opportunities
  • Rampant development of information and
    communication technologies can provide
    significant growth opportunities
  • Intellectual property plays a major role in the
    development of information and communication
    technology (ICT). ICT provides industry players
    to reach out to markets at a lower cost in a
    significantly short period. Moreover, it is
    critical for SMEs to use IP systems, they are
    taking advantage of ICT. An integration of
    intellectual property protection and information
    and communication technologies is expected to
    improve the competitiveness of SMEs in the
    market. For instance, various enterprises are
    planning to design new products with different
    services to meet the diversified requirements of
    customers in the market. Therefore, with the
    availability of such technology, SMEs are
    adopting IP systems to protect their tangible and
    intangible assets to remain competitive and
    manage their customers in the market.
  • Rising adoption of IP for economic development in
    emerging economies can offer major business
    opportunities
  • Intellectual property assets have witnessed
    significant importance in the market, owing to
    major shift towards technology-based rivalry and
    beginning of a knowledge-based economy in the
    international markets. Emerging economies such as
    Middle East Africa, Asia Pacific, and Latin
    America are expected to boost the demand for
    intellectual property software in the market.
    Currently, these countries are focused on
    adoption of new technologies for economic
    development. For instance, India, Russia, Brazil,
    and China are accommodating their national
    systems of the invention with international
    intellectual property (IP) management.
    Henceforth, the increasing adoption of the
    agreement on Trade-related Aspects of
    Intellectual Property Rights (TRIPS) by these
    economies is anticipated to maximize worldwide
    economic welfare in forthcoming years.

7
  • In global intellectual property software market,
    by application segment patent management
    sub-segment dominated the global intellectual
    property software market in 2019, accounting for
    21.6 share in terms of value, followed by
    trademark management and intellectual property
    (IP) licensing.

8
Market Trends
  • Trends by components
  • Rising penetration of cloud-based intellectual
    property solutions
  • Cloud-based IP solutions are witnessing
    significant demand to support and protect IP
    assets across industries. Since the cloud offers
    excellent flexibility and value over a
    locally-installed intellectual property
    management system, it is witnessing high demand.
    Furthermore, cloud-based solutions enable
    integration of intellectual property data with
    other business data such as RD, tax, and sales,
    in order to control analytics and
    decision-support systems. It also provides
    automated advancements throughout the systems,
    which do not require any hardware assurance. For
    instance, Anaqua, Inc. offers a cloud-based IP
    management platform ANAQUA8, which brings
    workflow, docketing, email management,
    collaboration, and document management into a
    unified system.
  • Trends by Applications
  • Developing innovation process and markets for
    technology
  • Policy improvements are necessitated to reinforce
    innovation and production outcomes. Reforming the
    business environment for modernization and
    innovation is crucial, as the business is the key
    driver of modernization. This, in turn, is
    expected to boost the demand for intellectual
    property software in the near future. Moreover,
    rampant developments in new technologies and
    globalization have strengthened the importance of
    innovation.

9
Regulations
  • Currently, designers, inventors, authors, and
    developers are adopting IP rights such as patents
    and trademarks to safeguard the designs they have
    developed. Governments of countries enact various
    policies and regulations to control the
    unauthorized usage of IP assets.
  • At the national level, the State Intellectual
    Property Office (SIPO) is responsible for
    granting patents for national offices and local
    SIPO offices. Additionally, the SIPO is
    responsible for listing semiconductor layout
    designs (national office) and organizing national
    foreign-related intellectual property rights
    issues (including trademarks and patents).

10
Competitive Section
  • Key players operating in the global intellectual
    property software market are XLPAT, IP Checkups,
    Inc., Aistemos, Wellspring Worldwide, Ambercite,
    VajraSoft Inc., Anaqua, Inc., TORViC
    Technologies, Inc., Clarivate Analytics, Questel,
    Dennemeyer, PatSnap Pte. Ltd., Evalueserve
    Netherlands B.V., Patrix AB, Gemalto NV, O P
    Solutions, Inc., Gridlogics, Minesoft Ltd,
    Innography, Inc., LexisNexis, Innovation Asset
    Group, Inc., IPfolio, Inteum Company, LLC, IP
    Street Holdings, LLC, and Iolite Softwares Inc.

11
Key Developments
  • Major companies in the market are focused on
    business expansion, in order to enhance the
    market presence. For instance, in January 2017,
    Dennemeyer Group inaugurated its new local office
    in Moscow. This office would support the
    companys existing customers to safeguard their
    intellectual property rights in the Russian
    Federation and Eurasia and help start Dennemeyer
    Associates as law and regulation firm of
    high-quality for local companies.
  • Key players in the market are involved in
    partnerships and collaborations, in order to gain
    a competitive advantage in the market. For
    instance, in March 2017, Gridlogics Technologies
    Pvt. Ltd. entered into a partnership with
    ProQuest Dialog based in North Carolina, the U.S.
    Under this partnership, ProQuest Dialog clients
    access to PatSeer, Gridlogics' web-based
    platform, where the clients can quest 42
    full-text patent authorities and operate results
    with visualization tools and powerful analytics.

12
  • Request Sample Report https//www.coherentmarketi
    nsights.com/insight/request-sample/3705
  • Request Customization https//www.coherentmarketi
    nsights.com/insight/request-customization/3705
  • Download PDF Brochure https//www.coherentmarketi
    nsights.com/insight/request-pdf/3705
  • Talk to Analyst https//www.coherentmarketinsight
    s.com/insight/talk-to-analyst/3705
  • Reference
  • https//www.coherentmarketinsights.com/mark
    et-insight/intellectual-property-software-market-3
    705

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

14
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
Thank You!
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