Intellectual property refers to the inventions, symbols, names and images used by organizations, and other properties such as artistic works.
Intellectual property software enables user and organizations to effectively and efficiently manage and protect their intellectual properties. In addition, intellectual property software also helps to gain and maintain patents, trademarks, licenses, rights and others such as agreements across the intellectual property lifecycle.
The global Intellectual Property Software Market Size
will reach 6943.29 million US$ in 2025, from 2555.36 million US$ in 2018, with a CAGR of 14.73% during the forecast period. Overall, the Intellectual Property Software products performance is positive with the current environment status.
Currently, there are many players in this market. CPA Global, Clarivate, PatSnap, Dennemeyer, Anaqua, Questel, IBM, Ipfolio and some others are playing important roles in Intellectual Property Software industry. The market is relatively dispersed for now and but is seeing to be more concentrated.
In market, revenue of Intellectual Property Software in North America will increase to be 2451 M USD in 2025 from 947 M USD in 2018, which is the biggest consumption area in current market pattern. Europe ranks the second largest consumption area, with sales revenue and market share of 657 M USD in 2018.
There are many different types of Intellectual Property Software. The market can be segmented into: Trademark IP Management Software, Patent IP Management Software, Copyright IP Management Software, Design IP Management Software, Litigation IP Management Software and etc. Patent IP Management Software is the most commonly used and efficient types and took 43.19% market share in 2018. By application, Pharma & Healthcare is the largest consumer group, with market share of 26.78% in 2018.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.