IP Softwares Market Scope
IP softwares is also known as software intellectual property. It is a computer code or program that is protected by law against copying, theft, or other use. It belongs to the company that either created or has rights to that code or software. IP softwares are highly used in the business sector. It comes with integrated assistance and process automation tools, reducing time spent on administrative tasks and ensuring on-time completion and the highest data accuracy.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Anaqua (United States), CPA Global (United Kingdom), IPwe (India), Alt Legal (United States), AppColl, Inc (United States), Ipfolio (United States), Marconi (India), FoundationIP (United States), PATTSY WAVE (United States), DocketTrak (United States) and MaxVal Group, Inc (United States) |
CAGR | % |
Global IP Softwares is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Softwares and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Anaqua (United States), CPA Global (United Kingdom), IPwe (India), Alt Legal (United States), AppColl, Inc (United States), Ipfolio (United States), Marconi (India), FoundationIP (United States), PATTSY WAVE (United States), DocketTrak (United States) and MaxVal Group, Inc (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global IP Softwares market by Type , by Application (Business, IT and Telecom, Healthcare and Others) and Region with country level break-up.
On the basis of geography, the market of IP Softwares has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 19th May 2021, Anaqua has acquired Actio IP. With this acquisition, Anaqua offers integrated tech-enabled foreign filing solutions. The acquisition helps to enhance Anaqua’s strategic line of IP management solutions.
In June 2022, Anaqua, intellectual property (IP) management technology provider acquired Practice Insight Pty Ltd, and its intelligent time capture software WiseTime, from IPH Limited. This acquisition helped company to enhanced IP management platform for law firms. This strategic move strengthened company’s position in IP software market
Influencing Trend:
Advancement in Technologies across the Globe
Market Growth Drivers:
Growing Applications of IP Softwares in the Business Sector and Rising Copying Contents Activities
Challenges:
Lack of Skilled Operators
Restraints:
High Cost Associated with Implementation of IP Softwares
Opportunities:
Surging Need of IP Protection in Emerging Economies can create Opportunities for IP Softwares Market Growth
Key Target Audience
IP Softwares Developers, IP Softwares Industry Associations, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others