About Patent Management Software
Patent Management Software allow companies and law firms to monitor or track Intellectual Property rights, trade marks, copy rights and patents. This can be used to monitor all ongoing patent fillings and possible violations of firms existing patents by any other entity. They even help in centralizing all the data and documents related to patents thus streamlining and efficiently reducing the time cycle of a patent filed. With increasing investments in research and development as well as increasing incidents of technology theft. The use of patent management software becomes useful tool to combat this. Asia Pacific is expected to be biggest market primarily because of high number of patents filed by China, Japan, South Korea and Taiwan as well as steady rise of India.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Patent Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Anaqua (United States), IPfolio Corporation (United States), Patrix AB (Sweden), CPA Global Limited, WebTMS Limited (United Kingdom), Patsnap Pte. Ltd. (United Kingdom), Gridlogics Technologies Pvt. Ltd. (India), TM Cloud Inc. (United States), Alt Legal Inc. (United States) and AppColl Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Decision Design Corporation (United States), ClaimMaster (United States) and TORViC Technologies, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Patent Management Software market by , Application (Patent Intellectual Property Management, Trademark Intellectual Property Management, Copyright Intellectual Property Management and Design Intellectual Property Management) and Region.
On the basis of geography, the market of Patent Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by End Use, the sub-segment i.e. BFSI will boost the Patent Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud Based will boost the Patent Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Patent Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Machine Learning has witnessed one of the Highest Patents in Recent Years along with Artificial Intelligence
Market Growth Drivers:
Increasing Investment in Research and Development and Rising Incidents of Theft of Technology
Challenges:
Strengthening the Cyber Security
Restraints:
Less Awareness in Smaller Developing Countries
Opportunities:
China is currently having Most Number of Patents filed per Year, thus Presenting Excellent Opportunity
Market Leaders and their expansionary development strategies
In 2021, Anaqua, market leader in Patent Management Software and related services has announced acquisition of Quantify IP, which was developed by Computer Software Associates, Inc. Quantify IP provides global IP cost estimating services. This acquisition will bolster Anaqua’s IP management portfolio as well a corporate budgeting and forecasting services.
In 2020, Anaqua, US based firm which established its name as leading IP management software services has announced acquisition of O P Solutions, Inc., which is market innovator in IP software. The deal will be aimed at combing the two companies’ synergies and expertise to further expand in the market of IP Management software services.
Key Target Audience
Patent Management Software Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.