PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532380
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532380
Global intellectual property software market is estimated to be valued at US$ 12.46 Bn in 2024 and is expected to reach US$ 32.88 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 12.46 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 14.90% | 2031 Value Projection: | US$ 32.88 Bn |
Intellectual property refers to creations of the mind such as inventions, literary and artistic works, designs, and symbols, names and images used in commerce. Intellectual property software helps organizations to manage their intellectual property by providing features for application development and maintenance, portfolio management and analytics. Growing importance of intellectual property protection and management across industries boosts adoption of these software. With technological advancements and digital transformation initiatives of enterprises, the can witness growth in the near future.
Global intellectual property software market growth is driven by increasing importance provided to intellectual property protection by organizations. Growing number of patent filings and emergence of new tools for analytics and can boost adoption of intellectual property software. However, high integration and maintenance costs of these software can hamper the market growth. Switching to cloud-based solutions and availability of customized offerings can present lucrative growth opportunities. Advancements in artificial intelligence and its increasing use in automating IP processes can also drive the market growth. Data security risks and lack of technical expertise in some organizations can hamper the market growth.
This report provides in-depth analysis of the global intellectual property software market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global intellectual property software market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Anaqua Inc., Cardinal IP, CPA Global Limited, Dennemeyer, DoketTrak, Gemalto NV, Innovation Asset Group Inc., LexisNexis, PatSnap, Questel, TM Cloud Inc., Clarivate PLC, Envoy Global Inc., Patrix AB, WebTMS Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global intellectual property software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global intellectual property software market