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Patent Analytics Market Booming Worldwide with Latest Trend and Future Scope by 2029

09-08-2023 01:12 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Patent Analytics Market Booming Worldwide with Latest Trend

Patent analytics market is anticipated to grow at a significant CAGR of 13.4% during the forecast period. According to World Intellectual Property Organization (WIPO), a record 277,500 international patents were filed in 2021, marking a 0.9-percent increase from 2020. Patent searching and analysis can provide actionable insights for businesses, allowing them to make strategic decisions from idea conception to monetization. Thus the increasing patent filings globally, the growing need to protect the latest inventions from being used by others, and increasing investment by market players in patent analytics companies are prime factors driving the growth of the patent analytics market. For instance, In march 2021, PatSnap, which offers a patent and R&D platform and services, announced that it raised $300 million in series E funding from SoftBank Vision Fund 2 and Tencent Investment. The company plans to use the funds to further develop its intelligence platform, support software product development, and expand the size of its global workforce. However, higher transactional costs associated with software and other services and the financial burden on the world economy due to the slowing growth of economies are some of the factors anticipated to restrain the market growth.

The global patent analytics market is segmented based on the component and end-user. Based on the component, the market is segmented into solutions and services. The services sub-segment includes patent landscapes/white space analysis, patent strategy, and management, patent valuation, patent support, patent analysis, and others including patent licensing, patent prosecution, and others. Based on the end-user, the market is sub-segmented into IT & telecom, healthcare, BFSI, automotive, media & entertainment, and others that include government and education.  

According to WIPO, a record 277,500 international patents were filed in 2021, There is a growing trend among large enterprises such as IT companies, pharmaceuticals, and telecom companies to spend a substantial amount on research and development to gain a competitive advantage. Thus accelerated demand for analytical tools and increasing R&D activities in the healthcare & IT and telecommunication sector are primary factors driving the market growth of the large enterprise sub-segment.

To Request a Sample of our Report on Peptide and Anticoagulant Drug Market:  https://www.omrglobal.com/request-sample/patent-analytics-market

Patent Analytics Market Segmentation

By Component

Solutions
Services 
Patent Landscapes/White Space Analysis
Patent Strategy and Management
Patent Valuation
Patent Support
Patent Analysis
Others (Patent Licensing, Patent Prosecution, Etc)

By End-Users

IT & Telecom
Healthcare
BFSI
Automotive
Media & Entertainment
Others (Government, Education)

A full Report of Patent Analytics Market is Available @  https://www.omrglobal.com/industry-reports/patent-analytics-market

Regional Analysis                                                                                                                                                                            

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles 

AMATRIUM INC.
Anaqua, Inc.
Clarivate Analytics LLC
LexisNexis 
Gridlogics Technologies Pvt. Ltd. 
Minesoft Ltd. 
Ocean Tomo, LLC 
Wynne-Jones IP Ltd.
PatSnap Ltd.
Harrity & Harrity, LLP.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/patent-analytics-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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