"Smart Strategies, Giving Speed to your Growth Trajectory"
Intellectual property (IP) is a term used for any intangible asset that doesn't exist as a physical object but has a proprietary value to an organization. Intellectual property includes designs, concepts, software, inventions, trade secrets, business strategies and formulas among others. IP software protects an organization's inventions, strategies, processes, and concepts which is crucial to maintaining brand and competitive edge in the market. Intellectual property software helps the organization with effective and efficient management of their property and the protection of their rights.
Further, it helps the organization to differentiate their products and services, promote them to their customers and increase competitiveness in the market. According to WIPO (World Intellectual Property org), there were around 58 Mn intellectual property rights in operation in 2017 and is expected to reach a value of 70 Mn at the end of 2020.
Evolution of industries to paperless or cloud-based business models, adoption of AI technology, lower data storage costs, expansion of Blockchain technology and high growth rate data are the major drivers expected to grow the intellectual property software market globally. By integrating advanced AI, assisted algorithms in intellectual property are key factors that drive the growth of this market.
For instance, in 2017, Ambercite Inc. introduced its hybrid AI algorithm ‘Ambercite Ai’ by combining high volumes of data using intelligent and quick algorithms with advanced processing. It helps the organization with a better capability to make decisions and convenience.
Key players operating in the global intellectual property software market include Ambercite, IP Checkups, Inc., Clarivate Analytics, Alibaba group, IPfolio, Wellspring Worldwide, LexisNexis, XLPAT, Innography, Inc., Aistemos, TORViC Technologies, Inc.
● Cloud-based solutions
● Development & Implementation Services
● Consulting Services
● Maintenance & Support Services
● Patent Management
● Trademark Management
● Intellectual Property (IP) Portfolio Management
● Intellectual Property (IP) Reporting & Analytics
By Industry Vertical
● IT & Telecommunication
● North America (the USA and Canada)
● Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
● Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
● Latin America (Brazil, Mexico and Rest of Latin America)
● Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Globally, North America is expected to hold the most significant market size in the market by region in forecast period. In this region, developed countries such as the U.S. and Canada have a mature and well-established market of cloud computing and advance IPs management with an inclining economy. Further, the intellectual property software market in the Asia Pacific is expected to grow at a higher growth as compared to other regions. For instance, during 2016-17, Indian government releases the National IPR Policy, focusing on awareness, generation of IPRs, commercialization, enforcement, human capital development, legal and legislative reforms, and management of IPRs. This programs would help to boost the growth of intellectual property software market in APAC.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry