Press release
Patent Valuation Service Market Growth Accelerates: Strategic Forecast Predicts $3.62 Billion by 2029
Patent Valuation Service Market
What Will the Patent Valuation Service Industry Market Size Be by 2025?
The market for patent valuation services has seen a quick expansion in recent years. The industry's growth is expected to rise from $2.20 billion in 2024 to $2.44 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%. The driving forces behind this growth in the past include an upsurge in strategic IP transactions, an increase in patent pool formations, government initiatives promoting innovation, a boost in IP-supported financing, and the growing application of predictive analytics in valuation.
What's the Long-Term Growth Forecast for the Patent Valuation Service Market Size Through 2029?
Predictions indicate a swift expansion for the patent valuation service market in the upcoming years, with expectations to hit $3.62 billion by 2029, marking a compound annual growth rate (CAGR) of 10.4%. The projected growth within this period is linked to increased investment in research and development, heightened demand for patent commercialisation, a growing focus on the valuation of intangible assets, increased understanding of patent portfolio management and a rising obligation for evaluating innovation. Key trends in the forecast period comprise of developments in AI-based patent valuation tools, enhanced analytics for IP portfolio management, breakthroughs in automated valuation strategies, the incorporation of machine learning into patent evaluation and advancements in real-time IP monitoring systems.
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What Are the Key Growth Drivers Fueling the Patent Valuation Service Market Expansion?
The increase in patent applications is propelling the market's expansion, spurred by growing investments and the need for intellectual property protection.
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Which Fast-Growing Trends Are Poised to Disrupt the Patent Valuation Service Market?
Companies in the patent valuation service market are prioritizing the development of innovative technological solutions to improve the precision and efficacy of patent analysis. One such innovation is the use of AI-powered patent search tools which employ artificial intelligence to swiftly and accurately pinpoint, assess, and classify pertinent patent information, thereby improving valuation and decision-making processes. As a case in point, in December 2024, US-based traded analytics company Clarivate Plc rolled out AI Search in Derwent, an AI-driven patent search utility. This tool amalgamates AI with the Derwent World Patents Index (DWPI), home to over 160 million patent archives, to assist intellectual property experts in identifying the most relevant patents in a quick and precise manner. The AI, through a language transformer model, understands the context of user input and offers highly relevant results, thus aiding patent researchers and attorneys in conducting effective patentability searches and guaranteeing no significant patents are neglected. This advancement significantly speeds up the patent search process by minimizing the number of patents to assess, enabling quicker and more reliable innovation decisions.
How Is the Patent Valuation Service Market Segmented?
The patent valuation service market covered in this report is segmented
1) By Type Of Patent: Utility Patents, Design Patents, Plant Patents, Inteational Patents
2) By Ownership: Corporate Patents, University Patents, Govement Patents, Individual Inventors
3) By Valuation Method: Cost Approach, Market Approach, Income Approach, Option-Based Valuation, Hybrid Valuation
4) By Application: Litigation Support, Mergers And Acquisitions, Investment Analysis, Licensing And Royalty Valuation, Portfolio Management
5) By Industry Vertical: Healthcare And Pharmaceuticals, Information Technology, Telecommunications, Consumer Electronics, Energy And Utilities, Automotive, Aerospace, Manufacturing
Subsegments:
1) By Utility Patents: Mechanical Inventions, Electrical Inventions, Chemical Inventions, Software And Algorithms, Pharmaceutical Compounds
2) By Design Patents: Product Packaging Designs, Consumer Electronics Designs, Apparel And Fashion Designs, Furniture And Interior Designs, Graphical User Interface (GUI) Designs
3) By Plant Patents: Hybrid Plant Varieties, Genetically Engineered Plants, Asexually Reproduced Plants, Horticultural Innovations, Crop Protection Innovations
4) By International Patents: Patent Cooperation Treaty (PCT) Applications, European Patents (EPO), Eurasian Patents, ARIPO And OAPI Regional Patents, National Phase Entries In Major Jurisdictions
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Which Companies Are Leading the Charge in Patent Valuation Service Market Innovation?
Major companies operating in the patent valuation service market are FTI Consulting Inc., Clarivate Plc, Kroll LLC, CRA International Inc., AlixPartners LLP, Stout Risius Ross LLC, Dennemeyer Group, Aranca Private Limited, Sagacious IP Private Limited, Aon Intellectual Property Solutions, RPX Corporation, Barker Brettell LLP, Lumenci Inc., Pellegrino & Associates LLC, Foresight Valuation Group LLC, GHB Intellect Private Limited, Inngot Limited, IPMetrics LLC, IPOfferings LLC, IPwe Inc., Metis Partners Limited, and Parallel North IP LLC.
Which Regions Are Leading the Global Patent Valuation Service Market in Revenue?
North America was the largest region in the patent valuation service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in patent valuation service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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