IP management software provides collaborative IP management services for different corporate requirements. Increasing emphasis on protecting and managing intellectual property portfolio is driving the growth of the global enterprise intellectual property management software market.
The demand for enterprise intellectual property (IP) management software is expected to reach US$6,573.2 million in 2022 and grow at a CAGR of 17.4% to US$32,764.7 million by 2032.
Growth is attributed to the end-user sectors’ escalating technological progress. The market for enterprise intellectual property (IP) management software experienced a CAGR of 16.3% from 2016 to 2021.
The importance of staying competitive and widespread implementation of smart system management is encouraging software developers to invest in intellectual property management software. High-end operations and large organisational functions is accelerating the adoption of these technologies in the end-use industries.
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In addition, frequent customisation in product by end users is benefiting the enterprise intellectual property management software market, as they protect and safeguard the essentials of intellectual property handlings and treatment such as inventions, patents, trademarks, and other IP related contracts in an systematic manner.
The market is also expected to gain from strategic partnerships between the leading industry members. For instance, industry pioneer IPfolio recently entered into a partnership with ProspeQt- a Brazilian player, to grow its presence in the emerging market of South America.
However, with all the associated benefits these service providers come across number of challenges and obstacles predominantly in the initial stages, most of which have to do with the high cost of setting up the services in an organisation. High initial investment can impede the growth of the market during the forecast period.
Enterprise Intellectual Property Management Software Market: Region-wise Outlook
The global enterprise intellectual property management software market is projected to register a favourable growth through the forecast period, 2016?2026. North America is projected to maintain its lead in the global intellectual property management software market. Asia Pacific region is anticipated to increase its dominance in terms of growth owing to its consistent growing demand from China and India.
Enterprise Intellectual Property Management Software Market: Key Players
Some of the key participants in global intellectual property management software market are: Anaqua, Inc., Patrix AB, IPfolio, SimpleLegal, Pattsy, FlexTrac, Lecorpio , WebTMS and CPA Global (Patrafee).
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Enterprise Intellectual Property Management Software Market: Segmentation
The global enterprise intellectual property management software market is segmented on the basis of module, service type, and end-user.
By module type, the globalintellectual property management software market is segmented in:
- Patent
- Trademark
- Design
- Copyright
- Litigation
- IPAB (Intellectual Property Appellate Board)
- Others
By service type, the intellectual property management software market is segmented into:
- Development and implementation
- Consulting
- Support and Maintenance
By end-user, the intellectual property management software market is segmented into:
- Banking and Financial Services (BFSI)
- Energy
- Aerospace and Defence
- Oil and Gas
- Electronics and Semiconductors
- Automotive
- HealthCare
- Others
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