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Intellectual Property (IP) Management Software Market Trends

  • Report ID: GMI7039
  • Published Date: Oct 2023
  • Report Format: PDF

Intellectual Property Management Software Market Trends

Collaborations are driving significant growth in the IP management software market by fostering synergies between legal experts and technology providers. Partnerships enable software developers to refine their solutions based on real-world legal needs, enhancing the software's functionality and user experience. For instance, in December 2022, Anaqua partnered with Nixon Peabody to offer PATTSY WAVE, Anaqua's platform, as its latest IP management solution. Under this collaboration, Nixon Peabody utilizes the Anaqua platform to oversee clients' IP portfolios, managing tasks including patent and trademark filings. This mutual collaboration results in innovative features, ensuring that the software remains competitive and relevant, ultimately boosting market expansion.
 

Stringent intellectual property regulations worldwide are compelling businesses to invest in sophisticated solutions, thereby propelling the market growth. Companies are increasingly adopting this software to ensure compliance with complex legal requirements. These regulations necessitate meticulous management of patents, trademarks, and copyrights, creating a demand for specialized software. Businesses seek efficient tools that streamline their processes and guarantee adherence to stringent laws. This demand boosts the IP management software market growth, creating opportunities for innovation and development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of Intellectual property management software was worth USD 8.9 billion in 2023 and is estimated to register over 13.5% CAGR between 2024 and 2032, owing to the increasing volume of patents.

The IT & telecom segment held approximately 31% share of the intellectual property management software market in 2023 and will grow significantly through 2032, owing to the fierce market competition.

Asia Pacific region captured more than 35% share of the IP management software industry in 2023 and will grow significantly through 2032, due to constant technological innovations in the region.

Anaqua Inc., Cardinal IP, Clarivate PLC, Dennemeyer, LexisNexis, PatSeer Technologies Pvt. Ltd, Patsnap Pte Ltd, Questel, WebTMS Limited, and Wellspring Worldwide.

Intellectual Property Management Software Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 349
  • Countries covered: 21
  • Pages: 300
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