Market Snapshot:
The World Intellectual Property Organization (WIPO) has ensured that IP (Intellectual Property) services are delivered on a continual basis, with its formal meetings being adapted to hybrid and virtual forms. Companies providing intellectual property services are following the WIPO's lead and providing a variety of webinars to distribute critical information about their business continuity strategies and services. To allow business stakeholders and clients to interact remotely, they deploy cloud-based, multilingual virtual conferencing services.
Highlights from Intellectual Property Service Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Forecast Value (2030) | USD 6000.0 Million |
Unit | Value (USD Million) |
CAGR | 12.6% |
The key Players profiled in the report are Dennemeyer Group (Luxembourg), Evalueserve (Switzerland), Foley & Lardner LLP (United States), ipMetrix Consulting Group (India), Lawrie IP Limited (United Kingdom), LexisNexis (United States), Linklaters (United Kingdom), McDermott Will & Emery LLP Inc. (United States), Patent Outsourcing Limited (United Kingdom) and Acumum Group (United States). Additionally, other players that are part of this comprehensive study are AIPEX, Anaqua, Inc., Baker McKenzie, Clarivate Analytics, CPA Global Ltd., Patrix AB, PatSnap Pte. Ltd., Synoptic Intellectual Patents (P) Limited and Wynne-Jones IP Ltd..
Geographic Breakdown and Segment Analysis
The Global Intellectual Property Service market presents a comprehensive analysis of the Intellectual Property Service market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Intellectual Property Service industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Intellectual Property Service market, the Europe has emerged as a crucial market for several Intellectual Property Service brands.
Analyst at AMA have segmented the market study of Global Intellectual Property Service market by Type, Application and Region.
Influencing Trend:
Rapid developments in information technology and increased adoption of intellectual property services
Market Growth Drivers:
Protect Assets From Duplicity and The Technological Development in the Market
Challenges:
Lack of Skilled Professionals
Restraints:
Lack of awareness about IP solutions and services and their application in enterprises
Opportunities:
The growth of the digital economy needs a rethinking of copyright and copyright protection
Market Developments Activities:
19th July 2020, Baker McKenzie LLP announced a partnership with SparkBeyond Ltd., a provider of AI-powered problem-solving platforms. The company is estimated to help SparkBeyond Ltd to reimagine legal client services in the future.
In June 2020, Patrix AB announced a strategic partnership with H.C. Park & Associates, a leading corporate and intellectual property-related service provider. The company is improving its services by collaborating with other industry leaders, which helps to expand its market share in Europe and internationally.
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Analyst Comment
"During the continuing COVID-19 epidemic, bad taste trademark registrations are being processed with heightened awareness of procedural factors to avoid IP difficulties. Because harmonised legal frameworks are the foundation of strategic relationships across borders and industries, IP services are creating economic prospects for European SMEs. The digital health sector is experiencing economic growth thanks to curated data and analytics. The lack of legal frameworks for data as an asset or money, on the other hand, is stifling market expansion. Since the Internet was still in its infancy when governments enacted investment protection laws for databases, enterprises in the intellectual property services sector should raise awareness about AI technology. In the IP services market, AI is hastening the pace of data analysis and R&D."
Key Target Audience
Intellectual Property Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others