Intellectual Property Software Market Growth Outlook Forecast, 2017 - 2025

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Intellectual Property Software Market to Observe Strong Development by 2025 By ajinkya

January 13, 2022

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Transparency Market Research observes that the global intellectual property software market is highly competitive in nature due to presence of several players in the global market. Some of the leading

players in the global market are Ambercite, IP Checkups, Inc., Clarivate Analytics, IPfolio, Wellspring Worldwide, LexisNexis, XLPAT, Innography, Inc., Aistemos, TORViC Technologies, Inc. Players are expected to widen their product portfolio in the coming years. Many intellectual property software providers are emphasizing on developing enhanced licensing platforms for delivering high quality solution and reduce operational cost across the industries.

According to Transparency Market Research, the global intellectual property software market is expected to be worth US$6,758.4 mn by the end of 2025. During the forecast years of 2017 and 2025, the global market is expected to exhibit a CAGR of 14.3%. As of 2016, North America intellectual property software market held a share of 30% and is expected continue its dominance in the forthcoming years as well.

Analysts expect the software segment will lead the global market as it held a share of 50.0% in 2016 in the overall market.

Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample. php?flag=B&rep_id=23885 Wide Range of Applications Identified as Key Growth Driver for Global Market Intellectual property software supports the business across a wide range of applications which includes prior art search, intellectual property filings, product teardowns, patent landscape, patent portfolio analysis, business strategies, and others such as patent portfolio mining, and licensing/ litigation support.

Global intellectual property software market is mainly driven by growing emphasis of companies towards the protection of intellectual assets by gaining patents, and licenses for their innovations and

technologies. In addition, increasing demand for effective and efficient management of intellectual properties gained by companies is also contributing in the growth of intellectual property software across the world. The growing unauthorized and illegal sale of tangible and intangible assets and duplication of products is anticipated to supplement the large-scale adoption of intellectual property software over the forecast period.

Apart from this, multiple end-use industries are adopting intellectual property software in order to protect intellectual assets, mainly due to transition into digital economy business model. All these factors are expected to drive the intellectual property software market during the forecast period. However, low awareness and use of intellectual property software is a major concern restraining the market. Similarly, high cost associated with the software and complexity of intellectual property life cycle is limiting the growth of the intellectual property software market. Though, rapid development in the field of information and communication technologies, and growing awareness and adoption of intellectual property software across emerging economies especially India, Brazil, Indonesia, and Saudi Arabia is anticipated to offer lucrative opportunities in long-term.

High Cost of Initial Investment to Hamper Market Growth Despite the strong market drivers, the global intellectual property software market faces some tough challenges. The initial high cost of investment is the biggest deterrent for the investors. The high legal costs associated with following intellectual property rights through is likely to impede the global market. Furthermore, the poor rate of awareness is also expected to work against the growth of the overall market. The high cost of software and the complexities of maintaining it are also likely to tug the market in the opposite direction.

This review is based on Transparency Market Research’s report, titled

“Intellectual Property Software Market (Component – Software (Cloud-based and On-premise) and Services (Development & Implementation Services, Consulting Services, and Maintenance & Support Services); Application – Patent Management, Trademark Management, Intellectual Property (IP) Portfolio Management, Intellectual Property (IP) Licensing, and Intellectual Property (IP) Reporting & Analytics; End-use Industry – Individuals (Independent Inventors) and Enterprises (Banking, Financial Institutions, and Insurance (BFSI), Government, Healthcare, IT & Telecommunication, Electronics, Manufacturing and Others)] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2025”.

Market Segmentation: Intellectual property software Market, by Component SoftwareCloud-based On Premise ServicesDevelopment & Implementation Services Consulting Services Maintenance & Support Services Intellectual property software Market, by Application Patent Management Trademark Management Intellectual Property (IP) Portfolio Management Intellectual Property (IP) Licensing Intellectual Property (IP) Reporting & Analytics Others Intellectual property software Market, by End-use Industries

Individuals (independent Inventors) EnterprisesInsurance (BFSI) Government Healthcare IT & Telecommunication Electronics Manufacturing Others Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=23885&ltype=S About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.

TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

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