Intellectual property (IP) is a legal strategy for protecting ideas or discoveries for commercial gain by giving creators or inventors specific exclusive rights. The market for IP management software is expanding significantly as a result of larger businesses gradually adopting more outsourced services. Moreover, it is equally crucial to manage the organization's intellectual property portfolio as it is to manage the company's operations. IP management plays a significant role in practically every company's value chart. Every company recognizes the value of optimizing the return on investments made in personnel, assets, goods, and services. However, many businesses disregard or undervalue intellectual property. Furthermore, intellectual property is basically a collection of numerous priceless economic assets that give organizations a competitive advantage over rivals. Patents, copyrights, trademarks, and trade secrets are all Included in it. To maintain a position in the market as the company expands, managing all prospective intellectual property assets has become one of the most important components. Market vendors can considerably assist businesses in preventing the theft of their competitive advantages. Additionally, IP management software and service providers lead the creation of a smarter IP portfolio that may complement the corporate strategy and maximize the IP assets using a wealth of experience, which further propels the market growth.
Surge in rapid modernization and an Increase in the number of disputes are primarily driving the growth of the Intellectual property management market. However, rising costs associated with protection and enforcement hamper the market growth. Moreover, greater emphasis on digitalization is expected to provide lucrative opportunities for the market growth during the forecast period.
On the basis of component, software segment dominated the intellectual property management market in 2022, and is expected to maintain its dominance in the upcoming years owing to the adoption of these solutions is further aided by the automated capabilities and improved visibility that digital immune technologies provide for identifying and thwarting threats. However, services segment is expected segment is expected to witness highest growth, owing to it enhances the use of software programmes, maximizes the cost of an existing installation by optimizing it, and reduces deployment costs and risks, all of which contribute to the growth of the market for extended detection and response.
Region-wise, the intellectual property management market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing Increase in need to protect creations of the mind in the U.S. that is further driven by the economic, technological, and cultural significance of intellectual property, as well as the need to combat counterfeiting, piracy, and global competition aiding the growth of the intellectual property management market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to economic growth, technological advancements, government policies, Increased IP awareness, international trade, and enhanced IP infrastructure has contributed to which is expected to fuel the market growth in this region. Furthermore, several major intellectual property management solution providers Including Anaqua, Inc., Clarivate Plc, Innovation Asset Group, Inc., Gemalto Nv (Thales Digital Identity And Security), Questel, Tm Cloud, Patrix Ab, Patsnap, Alt Legal, Inc., Cardinal Intellectual Property are introducing new products & services to intellectual property management.
The global intellectual property management market is segmented on the basis of component, deployment mode, application, end user, and region. On the basis of component, it is segregated into software and services. On the basis of deployment mode, it is segregated into on-premise and cloud. On the basis of application, it is bifurcated into licensing, patent management, trade management, and others. On the basis of end user, it is divided into IT and telecom, BFSI, manufacturing, healthcare automotive and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market Include Anaqua, Inc., Clarivate Plc, Innovation Asset Group, Inc., Gemalto Nv (Thales Digital Identity And Security), Questel, Tm Cloud, Patrix Ab, Patsnap, Alt Legal, Inc. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
Surge in rapid modernization and an Increase in the number of disputes are primarily driving the growth of the Intellectual property management market. However, rising costs associated with protection and enforcement hamper the market growth. Moreover, greater emphasis on digitalization is expected to provide lucrative opportunities for the market growth during the forecast period.
On the basis of component, software segment dominated the intellectual property management market in 2022, and is expected to maintain its dominance in the upcoming years owing to the adoption of these solutions is further aided by the automated capabilities and improved visibility that digital immune technologies provide for identifying and thwarting threats. However, services segment is expected segment is expected to witness highest growth, owing to it enhances the use of software programmes, maximizes the cost of an existing installation by optimizing it, and reduces deployment costs and risks, all of which contribute to the growth of the market for extended detection and response.
Region-wise, the intellectual property management market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing Increase in need to protect creations of the mind in the U.S. that is further driven by the economic, technological, and cultural significance of intellectual property, as well as the need to combat counterfeiting, piracy, and global competition aiding the growth of the intellectual property management market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to economic growth, technological advancements, government policies, Increased IP awareness, international trade, and enhanced IP infrastructure has contributed to which is expected to fuel the market growth in this region. Furthermore, several major intellectual property management solution providers Including Anaqua, Inc., Clarivate Plc, Innovation Asset Group, Inc., Gemalto Nv (Thales Digital Identity And Security), Questel, Tm Cloud, Patrix Ab, Patsnap, Alt Legal, Inc., Cardinal Intellectual Property are introducing new products & services to intellectual property management.
The global intellectual property management market is segmented on the basis of component, deployment mode, application, end user, and region. On the basis of component, it is segregated into software and services. On the basis of deployment mode, it is segregated into on-premise and cloud. On the basis of application, it is bifurcated into licensing, patent management, trade management, and others. On the basis of end user, it is divided into IT and telecom, BFSI, manufacturing, healthcare automotive and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market Include Anaqua, Inc., Clarivate Plc, Innovation Asset Group, Inc., Gemalto Nv (Thales Digital Identity And Security), Questel, Tm Cloud, Patrix Ab, Patsnap, Alt Legal, Inc. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intellectual property management market analysis from 2022 to 2032 to identify the prevailing intellectual property management market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the intellectual property management market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global intellectual property management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Software
- Service
By Deployment Mode
- On-premise
- Cloud
By Application
- Licensing
- Patent Management
- Trademark Management
- Others
By End User
- IT and Telecom
- BFSI
- Manufacturing
- Healthcare
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Alt Legal, Inc.
- Anaqua, Inc.
- Cardinal Intellectual Property
- Clarivate plc
- Gemalto NV (Thales Digital Identity and Security)
- Innovation Asset Group, Inc.
- patrix ab
- Patsnap
- Questel
- TM Cloud
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INTELLECTUAL PROPERTY MANAGEMENT MARKET, BY COMPONENT
CHAPTER 5: INTELLECTUAL PROPERTY MANAGEMENT MARKET, BY DEPLOYMENT MODE
CHAPTER 6: INTELLECTUAL PROPERTY MANAGEMENT MARKET, BY APPLICATION
CHAPTER 7: INTELLECTUAL PROPERTY MANAGEMENT MARKET, BY END USER
CHAPTER 8: INTELLECTUAL PROPERTY MANAGEMENT MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Intellectual Property Management Market,' The intellectual property management market was valued at $8.6 billion in 2022, and is estimated to reach $37.7 billion by 2032, growing at a CAGR of 16.3% from 2023 to 2032.Intellectual property is primarily a collection of various priceless business assets that provide organizations with an advantage over competitors. It is not just a collection of legal privileges that should solely concern lawyers. Trade secrets, patents, and copyrights are all covered because the IP is the source of value, controlling, organizing, and reviewing it becomes essential. Managing all prospective intellectual property assets has become one of the most crucial components of securing a presence in the market as the firm grows. Moreover, in order to stop the theft of their competitive advantages, firms can greatly benefit from market vendors. IP management software and service providers use their extensive experience to guide the development of a more intelligent IP portfolio that may align with company objectives.
Furthermore, surge in rapid modernization and an increase in the number of disputes are primarily driving the growth of the Intellectual property management market. However, rising costs associated with protection and enforcement hamper the market growth. Moreover, greater emphasis on digitalization is expected to provide lucrative opportunities for the intellectual property management market forecast.
- On the basis of deployment, on premise dominated the intellectual property management market in 2022, and is expected to maintain its dominance in the upcoming years owing to provides a broad spectrum of advantages, including end-to-end control of the software, protection of intellectual property within the business, and the ability to manage significant customization of the software whenever required. However, cloud segment is expected segment is expected to witness highest growth, owing to enables enterprises to pay on a needed basis and efficiently scale up or down depending on user requirements, overall consumption, and the growth of the company.
- Region-wise, the intellectual property management market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing increase in need to protect creations of the mind in the U.S. that is further driven by the economic, technological, and cultural significance of intellectual property, as well as the need to combat counterfeiting, piracy, and global competition aiding the growth of the intellectual property management market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to economic growth, technological advancements, government policies, increased IP awareness, international trade, and enhanced IP infrastructure has contributed to which is expected to fuel the market growth in this region.
Technological Trends
The management of intellectual property is crucial for defending the rights of companies and people who produce and possess these assets. The ways in which corporations and organizations handle their intellectual property are being shaped by a number of technology advances. Blockchain technology is a distributed, decentralized ledger that enables safe, open transactions without the use of middlemen. This technology offers a safe and unhackable means to store and manage IP rights, which has the potential to revolutionize intellectual property management. Blockchain technology can be used to develop smart contracts that automatically uphold intellectual property rights, obviating the need for middlemen and boosting efficiency. The management of intellectual property can be automated in a number of ways, including trademark registration and patent search. Tools with artificial intelligence (AI) can analyze vast amounts of data and spot patterns and trends that are challenging for people to spot. This technology can lower the risk of infringement and assist enterprises and organizations in making better decisions regarding their intellectual property portfolio. Additionally, cloud computing has developed into a crucial tool for managing intellectual property for companies and organizations. Systems for managing IP assets in the cloud offer a centralized location for storage, organization, and management. Businesses may manage their IP portfolio and make informed decisions more easily with the help of these solutions, which provide real-time access to IP data. Furthermore, big data analytics can also be used to examine a sizable amount of information pertaining to intellectual property, such as trademark registrations and patent filings.With the use of technology, companies and organizations may spot trends and patterns in their IP portfolio and determine the best IP strategy. Digital content is protected against unauthorized use and distribution using DRM (Digital Right Management) technology. Businesses and organization that distribute digital content, such as software, music, and movies, need DRM. By limiting the use and dissemination of digital content, DRM technology can be utilized to safeguard intellectual property. The way corporations and organizations handle their intellectual property is changing as a result of technological advancements. These developments aid companies and organizations in securing their intellectual property, lowering the possibility of infringement, and determining the best IP strategy. Intellectual property management will become more effective and efficient as technology develops, giving businesses and organizations the resources they need to safeguard their priceless IP assets.
Key Findings of the Study
- By component, the software segment accounted for the largest intellectual property management market share in 2022.
- On the basis of deployment, the on-premise segment generated the highest revenue in 2022.
- On the basis of application, the patent management segment is the fastest growing in 2022.
- On the basis of end user, the IT and telecom segment generated the highest revenue in 2022.
- Region-wise, North America generated the highest revenue in 2022.
Companies Mentioned
- Alt Legal, Inc.
- Anaqua, Inc.
- Cardinal Intellectual Property
- Clarivate plc
- Gemalto NV (Thales Digital Identity and Security)
- Innovation Asset Group, Inc.
- patrix ab
- Patsnap
- Questel
- TM Cloud
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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