According to study, “Global Intellectual property
Software Market Size study, by End-user (Cloud based, On-premises), by
Application (Enterprise, Individual, Others) and Regional Forecasts 2018-2025”
some of the major companies that are currently working in the global
intellectual property market are Syniverse Technologies LLC, TORViC
Technologies Inc., Iolite Softwares Inc., Patrix AB, IPfolio, IP check-ups Inc.,
Gridlogics, VajraSoft, LexixNexis, Ambercite, Questel, XLPAT, Anaqua Inc., Clarivolex
IP Solutions Pvt. Ltd., Dennemeyer, Clarivate Analytics, Sumpraxix India, Aistemos,
Wellspring Worldwide, Evalueserve Netherlands B.V., CPA Global, PatSnap Pte. Ltd.,
Sagacious IP, Innovation Asset Group Inc., Gemalto N.V., VajraSoft Inc., Innography
Inc., Ripple IP Services Pvt. Ltd., Inteum Company LLC, Minesoft Ltd., IP
Street Holdings LLC. Some of the key vendors are emphasizing on developing
better licensing platforms for the elevated quality solution with reduction in
equipped cost across the industries.
Intellectual property assigns to the property with the set
of ideas & concepts innovated by person or an organization. Intellectual
property software helps user & organizations with effective & efficient
management of their property and by securing their rights on the innovation. It
also helps in gaining & maintains patents, licenses, trademarks, rights and
others instance agreements across the intellectual property lifecycle. There
are many benefits of intellectual property software like enhance the market
value of business (by generating revenue for business through licensing), turn
ideas into commercially booming products & services, sale or
commercialization, differentiate product & services and promote them to the
consumer.
Based on part global intellectual property software market
is segmented into services and software. The services segment includes the consulting
services, development and implementation services with maintenance and support
services. The software segment includes on-premise and the cloud-based
software. Moreover, software support includes the large range of applications
prior art search, product teardowns, intellectual property filings, patent
landscape, business strategies, patent portfolio analysis, and others (licensing
or litigation support and patent portfolio mining). In addition, the on end-use
industries are divided into enterprises and individuals or independent
inventors. The enterprises include electronics, healthcare, manufacturing,
government, IT & telecommunication and others.
The global intellectual property software market is primarily
driven by the increasing demand of effective & efficient organization of
intellectual properties followed by the growing emphasis of companies towards
the protection of intellectual assets. Apart from the advantages, some of the
factors restraining the market growth are poor rate of awareness, data security
& privacy concern, complexities in maintaining to software and high cost of
investment.
Globally, North American region holds major share of market for
intellectual property software owing to the high rate of patenting and growth
of awareness on intellectual property rights among the industries. In the upcoming
years, it is estimated that the Asia-Pacific region to grow due to because of significant
growth rate from emerging economies such as China, India, and Indonesia. In the
upcoming years, it is estimated to grow higher owing to high rate of patenting.
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