According to the new research report published by The Insight Partners, titled “Enterprise IP Management Software Market - Global Analysis and Forecast to 2025”, the global Enterprise IP Management Software Market is expected to reach US$ 16,519.8 Mn in 2025, registering a CAGR of 16.9% during the forecast period 2017 to 2025.
In 2016, APAC accounted for the largest revenue share of with more than half of the total market share, followed by Europe and North America.
Intellectual property management solution contributes in keeping the track of patents, trademarks copyrights and other intellectual property assets. Corporate firms and law firms make use of these gears to manage databases of automated forms, trademarks and correspondence for ongoing as well as novel ownership of intellectual properties, and measure all possible defilements of legal rights for consequent prosecution. Whereas, the law firms that manage designers, artists, companies and inventors with patented services or products, an IP management software facilitates them with centralized up-to-date, license agreements, oppositions filling and client data on a solitary repository.
Majority of the successful organizations in IT industry are becoming more and more aware regarding the significance of innovation in business. For instance, Apple, Inc. is good example to explain how optimal innovation management facilitate in improvisation of products and scale up one’s business. A better innovation management in these IT and Law firms requires a robust IP management system. Majority of IT companies like IBM, Cisco, HCL, Oracle and many more highly rely upon their intellectual properties in order to create their brand values.
The enterprise IP management software market in China is expected to grow at a CAGR of 19.07% during the forecast period 2017 – 2025. The Chinese government revamped its IPR and set several guidelines for a stronger economic scenario. These guidelines involves implications for increasing the magnitude as well as to reinforce the system of IPR protection in the country. Also, the country is entering into several multilateral and bilateral collaboration with an aim to promote cross-border innovation and business. For instance, China and UK signed an agreement on exploring cooperation in the protection of IPR to safeguard bilateral trade growth.
Key findings of the study:
- From a growth perspective China in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 19.07% during the forecast period
- Implementation services segment accounted for the highest market share in 2016, capturing more than 50% of the market
- Trademark IP Management Software market is foreseen to create lucrative business opportunities in enterprise IP management service market during the forecast period
In our study, we have segmented the enterprise IP management service market by type, which includes Trademark IP Management Software, Patent IP Management Software, Copyright IP Management Software, Design IP Management Software and Litigation IP Management Software. Furthermore, the services segment of the enterprise IP management software market is segmented into Consulting, Implementation services and support & maintenance. End users in enterprise IP management software market include BFSI, pharmaceuticals, Automotive, Aerospace, IT industry and Research institutes among others. On the basis of geography, the vertical lift module market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.
Some of the leading companies in the market are Anaqua, Inc., IPfolio and Patrix AB, WebTMS, FlexTrac, CPA Global, Lecorpio, Gridlogics and PatSnap among others.
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