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. To get a competitive edge in the market, effective management of intellectual property (IP) is necessary. Businesses are investing in technologies to ensure that their businesses and IP management policies are categorically matched to maintain the organization’s seamless operation due to the extremely competitive business climate.
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Enterprise Intellectual Property Management Software Market:Drivers & Restraints
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 globalenterprise intellectual property management software market.
Adoption of enterprise management of IP is gaining traction, as more organisations focus on organising their IP assets tactically and protecting them from unlicensed usage. Changing perceptions on IP has also influenced businesses to invest in their proper and organised management. While IP was seen as a corporate property for a long time, today, it is viewed as an inherent component of a strong business strategy. Many businesses have boosted their bottom-line by monetising their IP assets.
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.
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.
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Market Competition
Some of the key participants present in the global enterprise intellectual property (ip) management software market include
- Anaqua, Inc.,
- Patrix AB,
- IPfolio,
- SimpleLegal,
- Pattsy,
- FlexTrac,
- Lecorpio,
- WebTMS and
- CPA Global (Patrafee) among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Anaqua, Inc., Patrix AB, IPfolio, SimpleLegal, Pattsy, FlexTrac account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
Key Segments Profiled In The Enterprise Intellectual Property (IP) Management Software Industry Survey
Enterprise Intellectual Property (IP) Management Software Market by Module Type:
- Patent
- Trademark
- Design
- Copyright
- Litigation
- IPAB
- Others
Enterprise Intellectual Property (IP) Management Software Market by Service Type:
- Development and Implementation
- Consulting
- Support
- Maintenance
Enterprise Intellectual Property (IP) Management Software Market by End User:
- Banking and Financial Services (BFSI)
- Energy
- Aerospace and Defence
- Oil and Gas
- Electronics and Semiconductors
- Automotive
- Healthcare
- Others
Enterprise Intellectual Property (IP) Management Software Market by Region:
- North America Enterprise Intellectual Property (IP) Management Software Market
- Latin America Enterprise Intellectual Property (IP) Management Software Market
- Asia Pacific Enterprise Intellectual Property (IP) Management Software Market
- Europe Enterprise Intellectual Property (IP) Management Software Market
- Middle East and Africa Enterprise Intellectual Property (IP) Management Software Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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