CAGR Value :
• The global Automated Patent Drafting Tool market was valued at US$ 17.1 million in 2022 and is anticipated to reach US$ 39.84 million by 2029, witnessing a CAGR of 12.82% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Report Studies
• An Automated Patent Drafting Tool is a software application designed to streamline and assist in the creation of patent applications. By employing advanced algorithms, natural language processing (NLP), and artificial intelligence (AI) technologies, this tool automatically generates patent drafts using the information provided by the user.
• To create a comprehensive and legally sound patent application, the tool processes the input data, which may include technical specifications, descriptions of inventions, drawings, and other pertinent information. It can effectively identify the relevant sections, claims, and appropriate language required to meet the specific requirements of patent offices and jurisdictions.
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•On-premises
•Cloud-based
Enterprises
Others
Key Players :
•LexisNexis
•Rowan
•Specifio
•ClaimMaster
•Neustel Software, Inc
•Powerpatent
•PatentPal
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