Intellectual Property Management Software Market Overview
The Global Intellectual Property Management Software market was valued at USD 6.97 Billion in 2021, and it is expected to reach a value of USD 18.54 Billion by 2027, registering a CAGR of 17.27% over the forecast period (2022-2027). The incremental increase in the adoption of outsourcing services by larger enterprises contributes significantly to the growth of the IP management software market.
Patent IP management has observed a significant shift toward digitization in recent years. In 2021, the number of patent filings increased significantly. For instance, according to a Japan Patent Office report published in August 2021, NTT was the leading company based on the number of AI-related patent applications in Japan, with 788 domestic patent applications for which the patent publication had been issued as of May 2021. NTT was followed by other major Japanese corporations, such as Fujitsu, Hitachi, and Canon.
Key Highlights of the Intellectual Property Management Software Market
- In a report published in February 2022, the international patent applications filed via WIPO’s Patent Cooperation Treaty (PCT), which is one of the widely used metrics for measuring innovative activity, grew by 0.9% in 2021 to reach 277,500 applications. Asia manifested its lead as the largest origin of international patent applications, accounting for 54.1% of all applications in 2021, up from 38.5% in 2011.
- Moreover, for the fourth consecutive year, China-based telecom giant Huawei Technologies, with 6,952 published PCT applications, was the top filer in 2021. It was followed by Qualcomm Inc. of the US (3,931), Samsung Electronics of the Republic of Korea (3,041), LG Electronics Inc. of the Republic of Korea (2,885), and Mitsubishi Electric Corp. of Japan (2,673). Qualcomm Inc. reported the fastest growth (+80.9%) in the number of published applications in 2021, and as a result, it moved up from the fifth position in 2020 to the second spot in 2021. Filings related to digital communication by Qualcomm almost doubled – from 1,486 in 2020 to 2,951 in 2021 – helping drive strong overall growth.
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Intellectual Property Management Software Market – Geographical Overview
According to the World Intellectual Property Indicators (WIPO), Asia manifested its lead as the largest origin of international patent applications, accounting for 54.1% of all applications in 2021, up from 38.5% in 2011, with China driving overall growth in demand for intellectual property (IP) rights. Among the top five PCT filers at WIPO in 2021, four of them were from the Asia-Pacific region. China-based telecom giant Huawei Technologies, with 6,952 published PCT applications, was the top filer in 2021, followed by Qualcomm Inc. of the United States (3,931), Samsung Electronics of the Republic of Korea (3,041), LG Electronics Inc. of the Republic of Korea (2,885), and Mitsubishi Electric Corp. of Japan (2,673).
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Recent Developments in the Intellectual Property Management Software Market
- March 2022 – PatSnap, a global leader in innovation intelligence, and Evalueserve, a leading provider of product-led solutions that accelerate decision-making, announced a partnership to provide a decision-centric intelligence solution based on the patent and scientific literature search and analysis.
- December 2021 – Clarivate PLC (NYSE: CLVT) completed its acquisition of ProQuest, a prominent global provider of software, content, data, and analytics.
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List of Key Players in the Intellectual Property Management Software Market
- Anaqua Inc.
- Clarivate PLC
- DoketTrak
- WebTMS Limited
- TM Cloud Inc.
- Patrix AB
- Patsnap Pte. Ltd.
- Alt Legal Inc.
- Gridlogics Technologies Pvt. Ltd.
- AppColl Inc.
*List Not Exhaustive
Mordor Intelligence has segmented the Intellectual Property Management Software Market based on deployment, type, solution, end-user industry, and geography:
- Deployment (Market Size & Forecast based on Value (USD Billion), 2020-2027)
- On-premise
- Cloud
- Type (Market Size & Forecast based on Value (USD Billion), 2020-2027)
- Patent Intellectual Property Management,
- Trademark Intellectual Property Management
- Copyright Intellectual Property Management
- Design Intellectual Property Management
- Other Types
- Solution (Market Size & Forecast based on Value (USD Billion), 2020-2027)
- Software
- Service
- End-user Industry (Market Size & Forecast based on Value (USD Billion), 2020-2027)
- BFSI
- Healthcare
- Automotive
- IT and Telecom
- Research Institutes
- Other End-user Industries
- Geography (Market Size & Forecast based on Value (USD Billion), 2020-2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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