Patent Analytics Market
Patent Analytics Market Size, Share & Trends Analysis Report by Component (Solutions and Services), and by End-User (IT & Telecom, Healthcare, BFSI, Automotive, Media & Entertainment, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
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.
Segmental Outlook
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.
Regional Outlooks
The global patent analytics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among the regions the Asia Pacific region is anticipated to register the fastest growth in market share during the forecast period.
Global Patent Analytics Market Growth, by Region 2022-2028
The North America Region is Expected to Hold the Considerable Share in the Global patent analytics Market
The North American region is anticipated to hold a prominent share in the market. The presence of key players and the rising number of patent analytics are primary factors driving the market growth global patent analytics market. Further, the market players are involved in adopting different strategies such as acquisition and mergers to take a competitive advantage over other competitors which is anticipated to fuel the demand for patent analytics. For instance, in May 2021, Anaqua, and Panasonic Solution Technologies Co., Ltd., one of the leading companies providing solutions for IP, ICT, system integration (SI), and various fields in Japan, announced a strategic collaboration. Through this collaboration, the two companies will enhance patent search and analytics capabilities for IP professionals to help support and accelerate their innovations and further grow their businesses.
Market Players Outlook
The major companies serving the global patent analytics market include Anaqua, Inc., Clarivate Analytics Plc, LexisNexis, Gridlogics, Harrity & Harrity, LLP, IBM Corporation, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerhips, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In February 2021, Anaqua acquired Quantify IP. The move will further strengthen Anaqua’s strategic line of IP management solutions and offers law firms and corporations advanced portfolio cost budgeting and forecasting tools to enhance their IP management strategy.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global patent analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Patent Analytics Market by Component
4.1.1. Solutions
4.1.2. Services
4.1.2.1. Patent Landscapes/White Space Analysis
4.1.2.2. Patent Strategy and Management
4.1.2.3. Patent Valuation
4.1.2.4. Patent Support
4.1.2.5. Patent Analysis
4.1.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
4.2. Global Patent Analytics Market by End-Users
4.2.1. IT & Telecom
4.2.2. Healthcare
4.2.3. BFSI
4.2.4. Automotive
4.2.5. Media & Entertainment
4.2.6. Others (Government, Education)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AMATRIUM INC.
6.2. Anaqua, Inc.
6.3. Clarivate Analytics LLC
6.4. LexisNexis
6.5. Gridlogics Technologies Pvt. Ltd.
6.6. Minesoft Ltd.
6.7. Ocean Tomo, LLC
6.8. Wynne-Jones IP Ltd.
6.9. PatSnap Ltd.
6.10. Harrity & Harrity, LLP.
1. GLOBAL PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SOLUTIONS IN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SERVICES IN PATENT ANALYTICS RESEARCH AND ANALYSIS MARKET BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
5. GLOBAL PATENT ANALYTICS FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PATENT ANALYTICS FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PATENT ANALYTICS FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PATENT ANALYTICS FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL PATENT ANALYTICS FOR MEDIA & ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PATENT ANALYTICS FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
14. NORTH AMERICAN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. EUROPEAN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
17. EUROPEAN PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. REST OF THE WORLD PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
23. REST OF THE WORLD PATENT ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL PATENT ANALYTICS MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL SOLUTIONS IN PATENT ANALYTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL SERVICES IN PATENT ANALYTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PATENT LANDSCAPES/ WHITE SPACE ANALYSIS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL PATENT STRATEGY AND MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL PATENT VALUATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL PATENT SUPPORT MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL PATENT ANALYTICS FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL PATENT ANALYTICS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
10. GLOBAL PATENT ANALYTICS FOR IT & TELECOM MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL PATENT ANALYTICS MARKET SHARE FOR HEALTHCARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL PATENT ANALYTICS MARKET SHARE FOR BFSI BY REGION, 2021 VS 2028 (%)
13. GLOBAL PATENT ANALYTICS FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL PATENT ANALYTICS FOR MEDIA & ENTERTAINMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL PATENT ANALYTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. US PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
18. UK PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD PATENT ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
