Skip to main content

Intellectual Property Software Market - Wide Range of Applications Identified as Key Growth Driver for Global Market

Transparency Market Research observes that the global intellectual property software market is highly competitive in nature due to presence of several players in the global market. Some of the leading players in the global market are Ambercite, IP Checkups, Inc., Clarivate Analytics, IPfolio, Wellspring Worldwide, LexisNexis, XLPAT, Innography, Inc., Aistemos, TORViC Technologies, Inc. Players are expected to widen their product portfolio in the coming years. Many intellectual property software providers are emphasizing on developing enhanced licensing platforms for delivering high quality solution and reduce operational cost across the industries.
According to Transparency Market Research, the global intellectual property software market is expected to be worth US$6,758.4 mn by the end of 2025. During the forecast years of 2017 and 2025, the global market is expected to exhibit a CAGR of 14.3%. As of 2016, North America intellectual property software market held a share of 30% and is expected continue its dominance in the forthcoming years as well. Analysts expect the software segment will lead the global market as it held a share of 50.0% in 2016 in the overall market.
Intellectual property software supports the business across a wide range of applications which includes prior art search, intellectual property filings, product teardowns, patent landscape, patent portfolio analysis, business strategies, and others such as patent portfolio mining, and licensing/ litigation support.
Global intellectual property software market is mainly driven by growing emphasis of companies towards the protection of intellectual assets by gaining patents, and licenses for their innovations and technologies. In addition, increasing demand for effective and efficient management of intellectual properties gained by companies is also contributing in the growth of intellectual property software across the world. The growing unauthorized and illegal sale of tangible and intangible assets and duplication of products is anticipated to supplement the large-scale adoption of intellectual property software over the forecast period.
Apart from this, multiple end-use industries are adopting intellectual property software in order to protect intellectual assets, mainly due to transition into digital economy business model. All these factors are expected to drive the intellectual property software market during the forecast period. However, low awareness and use of intellectual property software is a major concern restraining the market. Similarly, high cost associated with the software and complexity of intellectual property life cycle is limiting the growth of the intellectual property software market. Though, rapid development in the field of information and communication technologies, and growing awareness and adoption of intellectual property software across emerging economies especially India, Brazil, Indonesia, and Saudi Arabia is anticipated to offer lucrative opportunities in long-term.
Despite the strong market drivers, the global intellectual property software market faces some tough challenges. The initial high cost of investment is the biggest deterrent for the investors. The high legal costs associated with following intellectual property rights through is likely to impede the global market. Furthermore, the poor rate of awareness is also expected to work against the growth of the overall market. The high cost of software and the complexities of maintaining it are also likely to tug the market in the opposite direction.

Comments

Post a Comment

Popular posts from this blog

Global NFC Chips Market: Popular Trends & Technological advancements to Watch Out for Near Future

A new research study by Transparency Market Research states that the global Near Field Communication (NFC) Chips Market is extremely concentrated in nature. With a share of 55%, NXP Semiconductor emerged as the clear leader of this market in 2015 and is expected to retain its position over the next few years. Other prominent players in this market are Broadcom Corp., STMicroelectronics, Qualcomm Inc., Texas Instrument, and AMS AG. These enterprises are being actively involved in mergers, acquisitions, and partnerships, which is likely to increase the competition within the market in the near future, states the research report. As per TMR’s estimations, the opportunity the global market for NFC chips is projected to expand at a CAGR of 26.0% over the period from 2016 to 2024, proliferating from a value of US$1.35 bn in 2015 to US$10.62 bn by the end of the forecast period. The smartphone segment has emerged as the market leader and is expected to retain this position througho...
Post a Comment
Read more

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more