Global Intellectual Property Software Market Scope Report

Global Intellectual Property Software Market Highlights Over 2023 - 2033

The global intellectual property software market is estimated to garner a revenue of USD 34.0 Billion by the end of 2033 by growing at a CAGR of ~17% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 7.0 Billion in the year 2022. The growth of the market can be attributed to the growing use of artificial intelligence. For instance, more than 35 per cent of businesses are opting for artificial intelligence in its operations.

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Intellectual Property (IP) Management software refers to software that is used by businesses and IP law firms to manage and protect inventions, patents, copyrights, trademarks, licences, royalties, brands, and other intellectual property legal rights. It helps organizations to manage their intellectual property portfolio. Moreover, the shift of industries from traditional models to cloud-based models is projected to boost the growth of the global intellectual property software market. More than 90 percent of enterprises in the United States use cloud services and more than 65 per cent of enterprise infrastructure is cloud-based.

Global Intellectual Property Software Market: Growth Drivers and Challenges

Growth Drivers

• Growth of Intellectual Property Intensive Industries– Commercial end users are becoming aware of intellectual property rights and it is anticipated to increase the growth of the global intellectual property software market. More than 35 per cent of the GDP in the United States comes from intellectual property intensive industries.

• Rising Emphasis on Protecting Innovations – More than 35 per cent of innovations in 2018 over the past five years had a positive impact on the business’s bottom line.

• Increasing Digitalization – There has been a rise in the number of online intellectual property applications followed by the increasing digitalization rate. Hence, it is expected to boost the growth of the global intellectual property software market. As per the World Bank, the digital economy has increased to 15.5 per cent of global GDP.

• Surging Number of Legal Jobs- According to the U.S. Bureau of Labor Statistics, there was 1,178,140 legal employment in the United States in May, 2021.

Challenges

• Lack of Professional Workers

• High Cost for the Installation of Intellectual Property Software

• Technical Concerns Related to the Software

The global intellectual property software market is segmented and analyzed for demand and supply by application into trademark, patent, intellectual property portfolio and other management. Out of these, the patent management segment is anticipated to hold the largest share over the forecast period owing to the increasing number of patent applications. In the year 2021, a total number of 67,727 patent applications were examined as opposed to 70,924 patent applications examined in the year 2020.

Global Intellectual Property Software Market Regional Synopsis

Regionally, the global intellectual property software market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of high penetration of internet users, followed by rising online patent applications, and the increasing presence of information and technology businesses in the region. According to the World Bank, 60 per cent of the total population are using the internet in the year 2020.

Market Segmentation

Our in-depth analysis of the global intellectual property software market includes the following segments:

Key Companies Dominating the Global Intellectual Property Software Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global intellectual property software market that are included in our report are Anaqua, Inc., Cardinal Intellectual Property, Patrix AB, TM Cloud Inc., Alt Legal Inc., Gemalto (Thales Group), Innovation Asset Group, Inc., Dennemeyer Group, Gridlogics Technologies Pvt. Ltd., AppColl, Inc., and others.

Global Intellectual Property Software Market: Latest Developments

• May, 2021: Anaqua, Inc., announced the acquisition of Actio IP in order to offer integrated tech-enabled foreign filling solutions.

• January, 2018: Dennemeyer Group, announced the partnership with IPCORP for combining IP expertise and blockchain technology.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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