USD 6.54 billion
Global Intellectual Property Management Software Market Size, Share, Growth Analysis, By Component(Service, Software), By Deployment(On-premise, Cloud), By End Use(Individual, Commercial) - Industry Forecast 2023-2030
Report ID:
SQSG45E2028 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
87 |
Figures:
75
Global Intellectual Property Management Software Market Insights
Global Intellectual Property Management Software Market was valued at USD 6.54 billion in 2021, and USD 7.57 billion in 2022 and it is expected to reach a value of USD 24.41 billion by 2030, at a CAGR of more than 15.76% over the forecast period (2023-2030).
A legal strategy known as intellectual property gives its authors or inventors certain exclusive rights in order to preserve ideas or discoveries for commercial gain. The market for IP management software is expanding significantly as a result of larger businesses gradually adopting more outsourced services. It's equally crucial to manage the organization's intellectual property portfolio as it is to manage the company's operations. It is a substantial aspect of the value jigsaw for practically every organisation. Additionally, anyone running a business is aware of the significance of optimising the return on investments made in terms of personnel, assets, goods, and services. However, many businesses disregard or undervalue intellectual property.
Intellectual property is more than simply a collection of legal privileges that only attorneys should be concerned about; it is also principally a collection of several priceless commercial assets that give organisations an advantage over rivals. Patents, copyrights, trademarks, and trade secrets are all included. As a result, managing, organising, and reviewing the IP becomes crucial because it is the source of value. As the company develops, managing all potential intellectual property assets has emerged as one of the most essential elements of ensuring a position in the market. Market vendors can be a big aid to businesses in preventing theft of their competitive advantages. IP management software and service providers direct the creation of a more intelligent IP portfolio that may correspond with business goals by utilising a wealth of experience.
US Intellectual Property Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
software
Fastest Growth
software
Growth Rate
more than 15.76% CAGR
Global Intellectual Property Management Software Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Intellectual Property Management Software Market Size By Component Type, 2022-2028 ($ Bn)
Global Intellectual Property Management Software Market Size By Component Type, 2022-2028 (%)
To get more reports on the above market click here to Buy The Report
Global Intellectual Property Management Software Market Segmental Analysis
Global intellectual property management software market is segmented based on the component, deployment, end use, and region. Based on the component, the intellectual property management software market is bifurcated into service and software. Based on deployment, the intellectual property management software market is segmented into on-premise and cloud. Based on end use, the intellectual property management software market is segmented into individual, commercial. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Intellectual Property Management Software Market Analysis by Component
Based on the component, the intellectual property management software market is bifurcated into service and software. The software segment held the larger market share. The increased use of intellectual property management software across a number of sectors, including BFSI, IT and telecom, technology, automotive, healthcare, and jewellery, is responsible for the segment's growth. These industries frequently use the software to register and manage their intellectual property rights. Over the forecast period, the service segment is expected to grow at the highest CAGR of 16.0%. When deploying intellectual property management software, IP services are essential. The companies that sell this software also offer services like software maintenance, upgrades, and bug fixes. Additionally, they offer training and consultation services to help end users use the software easily.
Intellectual Property Management Software Market Analysis by Deployment
Based on deployment, the intellectual property management software market is segmented into on-premise and cloud. With a revenue share of more than 50.9% in 2021, the on-premise segment dominated the market. The internal infrastructure of an organisation is used to install and run this software. Additionally, those who file patents can track and manage their applications using the PC software. Internal teams can find and fix system bugs thanks to on-premise deployment. During the forecast period, the cloud market is projected to grow at a CAGR of 16.3%. Due to factors like on-demand availability of solutions and services and no setup fees, cloud deployment services are becoming more widely used, which is responsible for the segment growth.
Intellectual Property Management Software Market Analysis by End Use
Based on end use, the market is segmented into individual, commercial. Globally, more and more industries are applying for patents, which is helping the segment develop. The commercial section is further subdivided into BFSI, IT and telecommunications, automobile, technology, and others. 35.6% of the market share for the commercial segment was held by the BFSI segment. Global expansion of banking and financial institutions is anticipated to support segment growth throughout the forecast period. Over the projection period, the individual segment is expected to grow at a CAGR of 17.0%. Software solutions for managing intellectual property assist people in submitting patent applications and following up on them in a simple manner, helping the segment's expansion.
Global Intellectual Property Management Software Market By Component Type, 2021 (%), 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Intellectual Property Management Software Market Regional Insights
North America is expected to control the intellectual property management software market share. North America dominated the market, accounting for more than 40% of worldwide sales in 2021. The region's rise can be ascribed to end-users' strong knowledge of intellectual property and its management, a large number of internet users in the United States and Canada, and the presence of businesses such as Anaqua Inc., CPA Global, and Questel in the United States. Furthermore, the region's large majority of intellectual property offices is helping market growth. According to WIPO data, intellectual property offices in North America accounted for more than one-fifth of all IP offices worldwide in 2019.
Asia Pacific held the second largest position in market. The growing number of IT and telecom firms, combined with numerous automobile production units in countries like India and China, is expected to drive regional market expansion. According to Tech Mahindra's CEO and Managing Director, the pandemic has enhanced the rate of technology adoption as IT companies got virtual. As a result, cloud-based digital solutions would improve agility, enable hybrid workspaces, and enable IP-led innovation for India's information technology-enabled services (ITeS) industry, which has been at the forefront of digital transformation and enterprise. Huawei released a new white paper on innovation and intellectual property in March 2021 at the Forum on Innovation and IP Prospects in 2021 and beyond. Huawei asserted that it became one of the world's largest patent holders through investing in innovation on a consistent basis. By the end of 2020, Huawei had over 100,000 active patents in over 40,000 patent families around the world.
Global Intellectual Property Management Software Market By Geography, 2021-2028, 2023-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Intellectual Property Management Software Market Dynamics
Intellectual Property Management Software Market Driver
- Cloud-based IP solutions are in high demand across businesses for supporting and safeguarding IP assets. The cloud is in high demand because it provides superior flexibility and value compared to a locally deployed intellectual property management solution. In order to manage analytics and decision-support systems, cloud-based solutions also make it possible to integrate intellectual property data with other company data, such as R&D, tax, and sales. Additionally, it offers system-wide automated improvements that don't need any hardware assurance. As an illustration, Anaqua, Inc. provides the cloud-based IP management platform "ANAQUA8," which unifies workflow, docketing, email management, collaboration, and document management into one system.
- The adoption of AI technology, declining data storage costs, the expansion of Blockchain technology, the shift of industries to paperless or cloud-based business models, and a high growth rate of data are likely to drive the global intellectual property software market forward. One of the main factors boosting the demand for intellectual property software is the incorporation of cutting-edge AI and assisted algorithms in intellectual property.
Intellectual Property Management Software Market Restraint
- During the projected period, low awareness of IP systems is expected to restrain the growth of the worldwide intellectual property software market. The main problem limiting the market's growth is the lack of understanding about IP systems including their value. Consumers are much less aware of the fact that intellectual property software offers other advantages besides only managing and protecting intellectual property assets. Furthermore, this ignorance is rife in developing nations like Latin America and the Middle East. Therefore, it is anticipated that during the projection period, these factors will restrain market expansion.
- Over the projected period, high costs and complicated IP systems are anticipated to limit market growth for intellectual property software worldwide. The system's alleged high cost is the main obstacle to the widespread adoption of intellectual property software. This is due to expenses associated with purchasing IP rights. Another factor impeding market expansion is the complexity or inefficiency of intellectual property systems, particularly with regard to the enforcement of patent rights. Many small and medium-sized businesses are hesitant to use these technologies as a result. The General Accounting Office (GAO) research claims that by failing to seek patent protection abroad, small firms, mainly high technology companies, were missing out on potential business opportunities in foreign markets. Small and medium-sized businesses' (SMBs') lack of familiarity with foreign patent systems and laws, high costs, and limited resources are the main causes.
Request Free Customization of this report to help us to meet your business objectives.
Global Intellectual Property Management Software Market Competitive Landscape
The global intellectual property management software market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Players in the Global Intellectual Property Management Software Market
- Innovation asset group Inc.
- IPfolio
- Patrix AB
- Anaqua, Inc.
- Clarivate Plc
- CPA Global Ltd.
- Dennemeyer Group
- FlexTrac
- Gridlogics Technologies Pvt Ltd.
- Inteum Company, LLC
- IPlytics GmbH
- IPMS Pty Ltd.
- IPzen
- LexisNexis IP Solutions
- Minesoft Ltd.
- Questel Group
- Thomson Reuters
- VajraSoft Inc.
- XLPAT
Intellectual Property Management Software Market Recent Developments
- In Aug 2022, Clarivate Plc, a global leader in providing trusted information and insights to accelerate the pace of innovation, has been selected by The National Library Board of Singapore (NLB) to provide library software solutions from Innovative, part of Clarivate, to support NLB’s Libraries and Archives Blueprint 2025 (LAB25).
- In June 2022, Anaqua, the leading global innovation and intellectual property (IP) management technology provider, has entered into a definitive agreement to acquire Practice Insight Pty Ltd, and its intelligent time capture software WiseTime, from IPH Limited.
Global Intellectual Property Management Software Key Market Trends
- The global intellectual property software market is anticipated to grow over the course of the forecast period as awareness of managing and protecting intellectual property increases. Many private organisations now place a high priority on protecting and managing intellectual property, particularly in fields like the arts, culture, and technology. Enterprises can better understand the potential of intellectual property as a driver of economic development and cultural and social advancement with the aid of effective and equitable intellectual property software. Moreover, since many businesses receive royalties from licencing their IP assets to third parties, intellectual property assets support economic growth in a number of ways. Therefore, increased focus on managing and protecting intellectual property is anticipated to support market growth in the near future.
- Rapid advancements in information and communication technology may present excellent chances for growth. Information and communication technology development heavily depends on intellectual property (ICT). ICT enables market access for business participants over a much shorter length of time and at a cheaper cost. Furthermore, SMEs must utilise IP systems so they may benefit from ICT. The competitiveness of SMEs in the market is predicted to increase with the integration of intellectual property protection and information and communication technology. To address the varied needs of customers in the market, numerous businesses, for instance, intend to design new items with various services. Because of this technology's accessibility, SMEs are implementing IP systems to safeguard their material and intangible assets.
Global Intellectual Property Management Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global intellectual property management software market analysis, in terms of component, the software segment held the larger market share. The increased use of intellectual property management software across a number of sectors, including BFSI, IT and telecom, technology, automotive, healthcare, and jewellery, is responsible for the segment's growth. In terms of end use, the commercial segment held the highest market share owing to the maximum contribution of BFSI sector.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 6.54 billion |
| Market size value in 2030 | USD 24.41 billion |
| Growth Rate | more than 15.76% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Intellectual Property Management Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Intellectual Property Management Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Intellectual Property Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Intellectual Property Management Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Intellectual Property Management Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Intellectual Property Management Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Intellectual Property Management Software Market Report Snapshots
- Global Intellectual Property Management Software Companies
- Global Intellectual Property Management Software Market Size
- Global Intellectual Property Management Software Market Analysis
- Global Intellectual Property Management Software Geographic Analysis
- Global Intellectual Property Management Software Market News
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 617-230-0741
