According to Future Market Insights research, the intellectual property software market is likely to register a CAGR of 12.7% during the forecast period (2022 to 2032). The intellectual property software market is projected to be valued at USD 4.5 Billion in 2022 and is expected to reach USD 14.9 Billion by 2032. This growth can be attributed to the following factors:
| Attributes | Details |
|---|---|
| Intellectual Property Software Market CAGR (2022 to 2032) | 12.7% |
| Intellectual Property Software Market Value (2022) | USD 4.5 Billion |
| Intellectual Property Software Market Value (2032) | USD 14.9 Billion |
Individual and commercial end-users are likely to become more aware of and use Intellectual Property (IP) rights, which is anticipated to boost demand for intellectual property software.
The sales of intellectual property software are projected to grow due to rising demand for a well-documented and secure method to handle intellectual property within an organization.
In recent years, the administration of patent IP has noticed a substantial movement in favor of digitalization. The number of patent applications dramatically rose in 2021. NTT, with 790 domestic filings that had the patent publication granted as of May 2021, was the leading firm based on the total number of AI-related patent applications in Japan, as per a Japan Patent Office analysis published in August 2021. Other significant Japanese businesses like Hitachi, Fujitsu, and Canon came after NTT.
One of the commonly used measures for gauging inventive activity, the number of foreign patent applications submitted under the Patent Cooperation Treaty (PCT) of the WIPO increased by 0.92% in 2021 to reach 275,500 applications, according to a study released in February 2022. As the major source of foreign patent applications, Asia demonstrated its dominance, accounting for 54.1% of all applications in 2021, increasing from 38.5% in 2011.
Huawei Technologies, a Chinese telecom behemoth, was the top filer in 2021 with 6,962 filed PCT applications, winning the title for a fourth straight year. Following it was Samsung Electronics of the Republic of Korea, Qualcomm Inc. of the US (3,931), LG Electronics Inc. of the Republic of Korea, and Mitsubishi Electric Corp. of Japan (2,673). In 2021, the number of published applications increased at the quickest rate (+80.9%), which helped Qualcomm Inc. rise from fifth place in 2020 to second place in 2021. The number of digital communication-related filings by Qualcomm nearly quadrupled, reaching 1,486. Thus, with such increasing numbers, the demand for intellectual property software is on the rise too.
China is the main driver of global growth in demand for intellectual property (IP) rights, and Asia has established itself as the major source of foreign patentability, accounting for 54% of all application domains in 2021, up from 38.5% in 2021. Asia-Pacific was home to four of the leading five PCT filers at WIPO in 2021. The largest filer in 2021 was indeed the Chinese telecom giant Huawei Technologies, which had 6,962 published PCT applications.
On the other hand, in 2021 the Chinese Patent Office recorded close to 815,000 anomalies in patent applications. For instance, the China National Intellectual Property Administration discovered four batches totaling 815,000 erroneous patent applications in December 2021. The first three batches' rate of return as of right now is 93.1%. As there were over 5.2 million patent applications filed in 2020, this would suggest that approximately 15% of all Chinese patent applications were irregular (or aberrant). Additionally, there were 376,000 fraudulent trademark registration applications during the press conference.
As IT sectors become virtual, the pandemic accelerated the rate of technology adoption, according to the CEO and Managing Director of Tech Mahindra. As a result, for the information technology-enabled services (ITeS) sector in India, which has been at the forefront of technological transformation and organizations, cloud-based technology services would empower hybrid workspaces, improve agility, and encourage intellectual property (IP)-led innovation.
The shift of industries to paperless or cloud-based business models, the adoption of AI technology, decreased data storage costs, the expansion of Blockchain technology, and a high growth rate of data are likely to propel the global intellectual property software market forward. The incorporation of advanced AI and aided algorithms in intellectual property are major drivers boosting the demand for intellectual property software.
The demand for intellectual property software is growing as end users are increasingly using intellectual property software to secure and establish a brand, keep their work exclusive and private, and protect the exclusive tenure of their works in order to obtain a competitive advantage in the intellectual property software market.
The Ministry of Micro, Small, and Medium Enterprises (SMEs) has exclusive rights to the use of their creative designs, inventive original or new goods, and brands owing to intellectual property rights. The demand for intellectual property software is also rising as many private enterprises have made intellectual property protection and administration a primary concern, particularly in areas such as the arts, culture, and technology.
The sales of intellectual property software are rising as it is both efficient and equitable and can assist businesses in realizing the potential of intellectual property as a catalyst for cultural and social well-being as well as economic development.
Intellectual property assets contribute to economic development in a variety of ways, as many businesses earn royalties by licensing their IP assets to third parties. As a result, increased emphasis on intellectual property protection and management is projected to drive intellectual property software market growth during the forecast period.
In the evolution of information and communication technologies, intellectual property plays a critical role. Companies may reach out to markets at a lower cost and in a much shorter time frame, thanks to ICT. Furthermore, IP systems are crucial for SMEs to employ in order to take benefit of ICT.
The intellectual property software market competitiveness of SMEs is predicted to improve with the integration of intellectual property protection and information and communication technology. As a result of this, the demand for intellectual property software is predicted to rise rapidly.
A number of businesses intend to develop new products with a variety of services in order to suit the diverse demands of intellectual property software market clients. As a result of the availability of such technology, SMEs are implementing IP systems to safeguard their tangible and intangible assets in order to remain competitive and boost the sales of intellectual property software.
In 2021, the on-premise segment dominated the intellectual property software market, accounting for nearly 50.9 percent of total revenue. An organization's internal infrastructure is used to install and run this software. Individuals who file a patent can also track and manage their applications using the intellectual property software on their PC. Internal teams can use the on-premise deployment to patch problems and detect faults in the systems.
In 2021, the software segment led the intellectual property software market with a CAGR of 13.5%. The increased adoption of intellectual property management software in many industries, such as BFSI, IT and telecom, technology, automotive, healthcare, and jewelry, can be related to the segment's rise. These industries rely on software to apply for and manage their intellectual property rights
From 2022 to 2032, the patent management segment is expected to lead the intellectual property software market with a CAGR of 11.5%. The growth is due to a rise in the number of patent applications filed over time. According to Nasscom data, India saw a six-fold increase in the number of Internet of Things (IoT) applications in June 2020, with approximately 80 percent of patents relating to Industry 4.0.
| Regions | CAGR (2022 to 2032) |
|---|---|
| USA Market | 11.1% |
| UK Market | 13.2% |
| China Market | 13.4% |
| Japan Market | 12.7% |
| India Market | 15.5% |
During the forecast period, North America is predicted to dominate the intellectual property software market. The USA intellectual property software market is growing at a CAGR of 11.1%.
The region's rise can be ascribed to end-user knowledge of intellectual property and its management, a large number of internet users in the USA and Canada, and the presence of businesses like Anaqua Inc., CPA Global, and Questel in the USA.
In addition, the growing number of intellectual property offices in the region is aiding the intellectual property software market expansion. According to data supplied by the World Intellectual Property Organization (WIPO), intellectual property offices in North America accounted for more than one-fifth of all IP offices worldwide in 2019.
Meanwhile, from 2022 to 2032, the Asia Pacific market is expected to grow at the fastest rate. The region's market growth is expected to be boosted by an increase in the number of IT and telecom enterprises, as well as numerous automobile manufacturing units in nations like India and China.
India’s intellectual property software market is projected to grow at the fastest rate in APAC with a CAGR of 15.5%.
Major players in the intellectual property software market are concentrating on business expansion in order to strengthen their market position. In order to acquire a competitive advantage in the industry, key market players are forming partnerships and collaborations.
Recent Developments in the Intellectual Property Software Market
Table 1: Global Market Size and Forecast, By Component, 2015 to 2032 (US$ Million)
Table 2: Global Market Size and Forecast, By Software, 2015 to 2032 (US$ Million)
Table 3: Global Market Size and Forecast, By Services, 2015 to 2032 (US$ Million)
Table 4: Global Market Size and Forecast, By Application, 2015 to 2032 (US$ Million)
Table 5: Global Market Size and Forecast, By End-use Industry, 2015 to 2032 (US$ Million)
Table 6: Global Market Size and Forecast, By Region, 2015 to 2032 (US$ Million)
Table 7: North America Market Size and Forecast, By Component, 2015 to 2032 (US$ Million)
Table 8: North America Market Size and Forecast, By Software, 2015 to 2032 (US$ Million)
Table 9: North America Market Size and Forecast, By Services, 2015 to 2032 (US$ Million)
Table 10: North America Market Size and Forecast, By Application, 2015 to 2032 (US$ Million)
Table 11: North America Market Size and Forecast, By Enterprises, 2015 to 2032 (US$ Million)
Table1 2: North America Market Size and Forecast, By Country, 2015 to 2032 (US$ Million)
Table 13: Europe Market Size and Forecast, By Component, 2015 to 2032 (US$ Million)
Table 14: Europe Market Size and Forecast, By Software, 2015 to 2032 (US$ Million)
Table 15: Europe Market Size and Forecast, By Services, 2015 to 2032 (US$ Million)
Table 16: Europe Market Size and Forecast, By Application, 2015 to 2032 (US$ Million)
Table 17: Europe Market Size and Forecast, By Enterprises, 2015 to 2032 (US$ Million)
Table 18: Europe Market Size and Forecast, By Country, 2015 to 2032 (US$ Million)
Table 19: Asia Pacific Market Size and Forecast, By Component, 2015 to 2032 (US$ Million)
Table 20: Asia Pacific Market Size and Forecast, By Software, 2015 to 2032 (US$ Million)
Table 21: Asia Pacific Market Size and Forecast, By Services, 2015 to 2032 (US$ Million)
Table 22: Asia Pacific Market Size and Forecast, By Application, 2015 to 2032 (US$ Million)
Table 23: Asia Pacific Market Size and Forecast, By Enterprises, 2015 to 2032 (US$ Million)
Table 24: Asia Pacific Market Size and Forecast, By Country, 2015 to 2032 (US$ Million)
Table 25: MEA Market Size and Forecast, By Component, 2015 to 2032 (US$ Million)
Table 26: MEA Market Size and Forecast, By Software, 2015 to 2032 (US$ Million)
Table 27: MEA Market Size and Forecast, By Services, 2015 to 2032 (US$ Million)
Table 28: MEA Market Size and Forecast, By Application, 2015 to 2032 (US$ Million)
Table 29: MEA Market Size and Forecast, By Enterprises, 2015 to 2032 (US$ Million)
Table 30: MEA Market Size and Forecast, By Country, 2015 to 2032 (US$ Million)
Table 31: South America Market Size and Forecast, By Component, 2015 to 2032 (US$ Million)
Table 32: South America Market Size and Forecast, By Software, 2015 to 2032 (US$ Million)
Table 33: South America Market Size and Forecast, By Services, 2015 to 2032 (US$ Million)
Table 34: South America Market Size and Forecast, By Application, 2015 to 2032 (US$ Million)
Table 35: South America Market Size and Forecast, By Enterprises, 2015 to 2032 (US$ Million)
Table 36: South America Market Size and Forecast, By Country, 2015 to 2032 (US$ Million)
Figure 1: Global Market Size (US$ Million) Forecast, 2015 to 2032
Figure 2: Global Market Y-o-Y Growth (Value %) Forecast, 2015 to 2032
Figure 4: Global Market Value Share (Value %) By Component, 2021
Figure 3: Global Market Value Share (Value %), Application, 2021
Figure 5: Global Market Opportunity Growth Analysis (US$ Million), 2015 to 2032
Figure 6: End-user Patent - Revenue Analysis
Figure 7: Global Market Value Share Analysis, by Component, 2022 and 2032
Figure 8: Market Value Share Analysis, by Software
Figure 9: Market Value Share Analysis, by Services
Figure 10: Global Market Value Share Analysis, by Software, 2022 and 2032
Figure 11: Market Value Share Analysis, by Cloud-based
Figure 12: Market Value Share Analysis, by On-Premise
Figure 13: Global Market Value Share Analysis, by Services, 2022 and 2032
Figure 14: Market Value Share Analysis, by Development & Implementation Services
Figure 15: Market Value Share Analysis, by Consulting Services
Figure 16: Market Value Share Analysis, by Maintenance & Support Services
Figure 17: Global Comparison Matrix, By Component
Figure 18: Global Market Attractiveness Analysis, by Software
Figure 19: Global Market Attractiveness Analysis, by Services
Figure 20: Global Market Value Share Analysis, by Application, 2022 and 2032
Figure 21: Market Value Share Analysis, by Patent Management
Figure 22: Market Value Share Analysis, by Trademark Management
Figure 23: Market Value Share Analysis, by Intellectual Property (IP) Portfolio Management
Figure 24: Market Value Share Analysis, by Intellectual Property (IP) Licensing
Figure 25: Market Value Share Analysis, by Intellectual Property (IP) Reporting & Analytics
Figure 26: Market Value Share Analysis, by Others
Figure 27: Global Comparison Matrix by Application
Figure 28: Market Attractiveness Analysis, by Application
Figure 29: Global Market Value Share Analysis, by End-use Industry, 2022 and 2032
Figure 30: Market Value Share Analysis, by BFSI
Figure 31: Market Value Share Analysis, by Government
Figure 32: Market Value Share Analysis, by Healthcare
Figure 33: Market Value Share Analysis, by IT & Telecommunication
Figure 34: Market Value Share Analysis, by Electronics
Figure 35: Market Value Share Analysis, by Manufacturing
Figure 36: Market Value Share Analysis, by Others
Figure 37: Market Value Share Analysis, by Independent Inventors
Figure 38: Global Comparison Matrix by End-use Industry
Figure 39: Market Attractiveness Analysis, by End-use Industry
Figure 40: Global Market Value Share Analysis, by Region, 2022 and 2032
Figure 41: Market Attractiveness Analysis, by Region
Figure 42: North America Market Size (US$ Million) Forecast, 2015 to 2032
Figure 43: North America Market Value Share Analysis, By Component, 2022 and 2032
Figure 44: North America Market Value Share Analysis, By Software, 2022 and 2032
Figure 45: North America Market Value Share Analysis, By Services, 2022 and 2032
Figure 46: North America Market Value Share Analysis, By Application, 2022 and 2032
Figure 47: North America Market Value Share Analysis, By End-use Industry, 2022 and 2032
Figure 48: North America Market Value Share Analysis, By Country, 2022 and 2032
Figure 49: North America Market Attractiveness Analysis, By Software
Figure 50: North America Market Attractiveness Analysis, By Services
Figure 51: North America Market Attractiveness Analysis, By Application
Figure 52: North America Market Attractiveness Analysis, By Country
Figure 53: North America Market Attractiveness Analysis, By Enterprise
Figure 54: Europe Market Size (US$ Million) Forecast, 2015 to 2032
Figure 55: Europe Market Value Share Analysis, By Component, 2022 and 2032
Figure 56: Europe Market Value Share Analysis, By Software, 2022 and 2032
Figure 57: Europe Market Value Share Analysis, By Services, 2022 and 2032
Figure 58: Europe Market Value Share Analysis, By Application, 2022 and 2032
Figure 59: Europe Market Value Share Analysis, By End-use Industry, 2022 and 2032
Figure 60: Europe Market Value Share Analysis, By Country, 2022 and 2032
Figure 61: Europe Market Attractiveness Analysis, By Software
Figure 62: Europe Market Attractiveness Analysis, By Services
Figure 63: Europe Market Attractiveness Analysis, By Application
Figure 64: Europe Market Attractiveness Analysis, By Country
Figure 65: Europe Market Attractiveness Analysis, By Enterprise
Figure 66: Asia Pacific Market Size (US$ Million) Forecast, 2015 to 2032
Figure 67: Asia Pacific Market Value Share Analysis, By Component, 2022 and 2032
Figure 68: Asia Pacific Market Value Share Analysis, By Software, 2022 and 2032
Figure 69: Asia Pacific Market Value Share Analysis, By Services, 2022 and 2032
Figure 70: Asia Pacific Market Value Share Analysis, By Application, 2022 and 2032
Figure 71: Asia Pacific Market Value Share Analysis, By End-use Industry, 2022 and 2032
Figure 72: Asia Pacific Market Value Share Analysis, By Country, 2022 and 2032
Figure 73: Asia Pacific Market Attractiveness Analysis, By Software
Figure 74: Asia Pacific Market Attractiveness Analysis, By Services
Figure 75: Asia Pacific Market Attractiveness Analysis, By Application
Figure 76: Asia Pacific Market Attractiveness Analysis, By Country
Figure 77: Asia Pacific Market Attractiveness Analysis, By Enterprise
Figure 78: MEA Market Size (US$ Million) Forecast, 2015 to 2032
Figure 79: MEA Market Value Share Analysis, By Component, 2022 and 2032
Figure 80: MEA Market Value Share Analysis, By Software, 2022 and 2032
Figure 81: MEA Market Value Share Analysis, By Services, 2022 and 2032
Figure 82: MEA Market Value Share Analysis, By Application, 2022 and 2032
Figure 83: MEA Market Value Share Analysis, By End-use Industry, 2022 and 2032
Figure 84: MEA Market Value Share Analysis, By Country, 2022 and 2032
Figure 85: MEA Market Attractiveness Analysis, By Software
Figure 86: MEA Market Attractiveness Analysis, By Services
Figure 87: MEA Market Attractiveness Analysis, By Application
Figure 88: MEA Market Attractiveness Analysis, By Country
Figure 89: MEA Market Attractiveness Analysis, By Enterprise
Figure 90: South America Market Size (US$ Million) Forecast, 2015 to 2032
Figure 91: South America Market Value Share Analysis, By Component, 2022 and 2032
Figure 92: South America Market Value Share Analysis, By Software, 2022 and 2032
Figure 93: South America Market Value Share Analysis, By Services, 2022 and 2032
Figure 94: South America Market Value Share Analysis, By Application, 2022 and 2032
Figure 95: South America Market Value Share Analysis, By End-use Industry, 2022 and 2032
Figure 96: South America Market Value Share Analysis, By Country, 2022 and 2032
Figure 97: South America Market Attractiveness Analysis, By Software
Figure 98: South America Market Attractiveness Analysis, By Services
Figure 99: South America Market Attractiveness Analysis, By Application
Figure 100: South America Market Attractiveness Analysis, By Country
Figure 101: South America Market Attractiveness Analysis, By Enterprise
Figure 102(a): Global Market Share Analysis by Company (2021)
Figure 102(b): Global Market Share Analysis by Company (2021)
Figure 103: Global Market Share Analysis by Application (2021)
The intellectual property software market is projected to register a CAGR of 12.7% during the forecast period (2022 to 2032).
North America is predicted to dominate the intellectual property software market.
The patent management segment is likely to lead the intellectual property software market with a CAGR of 11.5% through 2032
The intellectual property software market is projected to be valued at USD 14.9 Billion by 2032.
The Asia Pacific market is expected to grow at the fastest rate.
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Intellectual Property Software Market
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