What is Patent Analytics Service?
Patent analytics service helps to extract and exploit the value of patent portfolios and patent information as fully as possible. It helps to unlock the detailed insights to help to plan and create profitable IP and Research & Development strategies. Patent analytics is much more than just a valuable IP tool. Further, the machine learning are being used to make predictions and arrive at conclusions. This is making the users to make intelligent decisions as the ML is highly publicized as area of growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Wynne-Jones IP Ltd (United Kingdom), Ocean Tomo, LLC (United States), IPlytics GmbH (Germany), PatSnap Pte. Ltd (United Kingdom), CPA Global (United States), Gridlogics Technologies Pvt Ltd (United States), Minesoft Ltd (United Kingdom), QUESTEL SAS (France), PatentSight GmbH (Germany) and Dolcera Information Technology Services Pvt. Ltd (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Patent Landscapes/White Space Analysis Services, Patent Portfolio Management Services, Patent Valuation Services, Patent Monitoring Services, Strategic Reporting Service and Patent Monetization Support Services) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Patent Analytics Service market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Patent Analytics Service market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Wynne-Jones IP Ltd (United Kingdom), Ocean Tomo, LLC (United States), IPlytics GmbH (Germany), PatSnap Pte. Ltd (United Kingdom), CPA Global (United States), Gridlogics Technologies Pvt Ltd (United States), Minesoft Ltd (United Kingdom), QUESTEL SAS (France), PatentSight GmbH (Germany) and Dolcera Information Technology Services Pvt. Ltd (Germany).
The market for Patent Analytics Service is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Patent Analytics Service Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Adoption of AI, ML and Natural Language Processing
- High Investments in Advanced Solutions in Patent Analytics
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Major Trends | - Increasing Adoption of Advanced Technology
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Restraints | - High Costs Associated with the Software
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Road Blocks / Challenges | - Stiff Competition Among the Major Players
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Gaps & Opportunities | - Growing Demand for Software Which Provides Effective Patent Search and Analysis
- High Awareness About the Patent Analytics Service
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Key highlights of the Global Patent Analytics Service market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Patent Analytics Service market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Patent Analytics Service market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Patent Analytics Service Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Patent Analytics Service market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Patent Analytics Service market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Patent analytics providers, Government associations, Research organizations, Software vendors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.