The global demand for Patent Analytics Market is presumed to reach the market size of nearly USD 1078.23 MN by 2028 from USD 814.42 MN in 2021 with a CAGR of 15.82% under the study period 2022 - 2028.
Patent analysis is the process of analyzing information about patents. This process can help in discovering technology and patenting trends. Many patents have information that might help new companies and startups find what the consumers need and use this information to turn into profit. Patent analysis is mainly used in the tech industry. Many companies in this market are now investing in cloud computing which will help simplify their business. Analyzing patents can also help companies find potential competitors. Patents have jurisdictions, and companies can take advantage of this by offering patented property in regions outside their authority.
Market Dynamics
More and more people and companies in healthcare, manufacturing, IT, and telecommunications apply for patents daily due to increased R&D activities has caused a surge in demand for patent analysis software. However, in developing countries, the high cost of patents is a drawback that the patent analysis market faces.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of patent analytics. The growth and trends of patent analytics industry provide a holistic approach to this study.
Market Segmentation
This section of the patent analytics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Solution
- Services (Patent Landscapes/White Space Analysis, Patent Strategy And Management, Patent Valuation, Patent Support, Patent Analysis, Others (Licensing, Prosecution))
By Enterprise Size
- Large-Scale Enterprises
- SMEs
By End-User
- IT And Telecommunication
- Healthcare
- Banking, Financial Services And Insurance (BFSI)
- Automotive
- Media And Entertainment
- Food And Beverages
- Others (Government, Education)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Patent Analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Patent Analytics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the patent analytics market include Anaqua Inc. (U.S.), Clarivate Analytics Plc (U.K.), LexisNexis (U.S.), Gridlogics (India), Harrity & Harrity, LLP (U.S.), IBM Corporation (U.S.), Minesoft Ltd. (U.K.), Ocean Tomo LLC (U.S.), Wynne-Jones IP Ltd (U.K.), PatSnap Limited (U.K.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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