Intellectual Property Management Software Market 2022

Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033

Intellectual Property Management Software Market by Type (Cloud Based, and Web Based), by Application (Law Firms and Companies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)) – Global Share and Forecast to 2033

Region: Global | Format: Word, PPT, Excel | Report Status: Published

According to the Market Statsville Group (MSG), the global intellectual property management software market size is expected to grow at a CAGR of 14.7% from 2023 to 2033. The IP management software market is growing rapidly due to the increasing need for organizations to protect their intangible assets and streamline their IP processes. The market is also being driven by advances in technology, increased globalization, and the growth of IP-intensive industries such as biotechnology, pharmaceuticals, and software. Additionally, organizations are increasingly recognizing the value of their IP assets, and the importance of protecting and maximizing the value of those assets.

Definition of the Global Intellectual Property Management Software Market

Intellectual Property (IP) Management software refers to tools and systems used to manage, protect, and track the creation, use, and commercialization of intellectual property assets such as trademarks, patents, copyrights, and trade secrets. IP management software can help organizations to effectively manage their IP portfolios and make informed decisions about their IP strategies.

As the value of intellectual property increases, organizations are becoming more aware of the importance of protecting their IP assets. This is leading to an increased demand for IP management solutions that can help organizations to manage and protect their IP portfolios effectively. The growth of IP-intensive industries such as biotechnology, software, and entertainment is expected to drive the demand for IP management solutions. These industries rely heavily on IP to protect their innovations and secure their competitive advantages. 

COVID-19 Impact on the Global Intellectual Property Management Software Market

The COVID-19 pandemic has had a significant impact on the intellectual property (IP) management software market, with both positive and negative effects. On one hand, the pandemic has led to an increased demand for IP management software as organizations seek to protect their IP assets in a rapidly changing business environment. On the other hand, the economic slowdown caused by the pandemic has led to decreased demand for IP management software as many organizations have reduced spending on new software and technology.

The pandemic has accelerated the need for IP management software in several ways. The shift to remote work has made it more difficult for organizations to manage and protect their IP assets, leading to an increased demand for IP management software that can be used remotely and securely. In addition, the pandemic has created new IP challenges, such as the increased risk of IP infringement and counterfeiting, and the need for organizations to quickly and effectively manage their IP portfolios in response to the changing business environment.

Global Intellectual Property Management Software Market Dynamics

Drivers: Rising Demand for Efficient Contract Management

Intellectual property (IP) is a critical asset for organizations, as it helps to protect their innovations, trademarks, copyrights, and trade secrets. According to the World Intellectual Property Organization (WIPO), IP-intensive industries account for over 38% of the world's Gross Domestic Product (GDP). As the value of IP continues to rise, organizations are becoming more aware of the importance of protecting their IP assets. This growing awareness of IP protection is a key driver of the intellectual property management software market.

The importance of IP protection has become increasingly apparent in recent years, as organizations seek to protect their innovations and secure their competitive advantages. IP theft and infringement have become major issues for organizations, and companies are recognizing the need for effective IP management to protect their IP portfolios. According to a report by the U.S. Chamber of Commerce, IP theft costs the U.S. economy billions of dollars each year in lost revenue and reduced economic growth.

As a result of the growing importance of IP protection, organizations are looking for software solutions that can help them to manage and protect their IP assets. Intellectual property management software provides organizations with a centralized platform to manage their IP portfolios, including patents, trademarks, copyrights, and trade secrets. The software enables organizations to track, manage, and protect their IP assets, and helps to ensure that IP rights are protected. This makes it an essential tool for organizations looking to protect their IP assets and secure their competitive advantages.

Restraints: High Implementation Cost and Lack of Awareness

The high implementation cost of intellectual property management software is a significant barrier for many organizations, particularly smaller organizations and startups. Implementing IP management software requires significant investment in software and hardware, as well as the hiring of specialized personnel to manage and maintain the software. This can be a significant barrier for smaller organizations, who may not have the resources or budget to invest in these solutions.

Additionally, a lack of awareness about the benefits of IP management software is also expected to restrain the growth of the market. Many organizations are unaware of the importance of IP management and the benefits that IP management software can provide. This lack of awareness can lead organizations to rely on spreadsheets and manual processes to manage their IP portfolios, which can be time-consuming, error-prone, and can lead to missed opportunities and IP losses.

Opportunities: Increasing Government Regulations

The increasing government regulations surrounding intellectual property are creating lucrative opportunities for the growth of the intellectual property management software market. Intellectual property management software provides organizations with a centralized platform to manage their IP portfolios, including patents, trademarks, copyrights, and trade secrets. With the increasing government regulations surrounding intellectual property, organizations are under increased pressure to properly manage their IP portfolios, leading to increased demand for IP management software.

One of the main drivers of the increasing government regulations surrounding intellectual property is the growing recognition of the importance of IP as a valuable asset for organizations. IP assets play a critical role in the global economy, and effective IP management is essential for organizations to secure their competitive advantages and protect their IP portfolios. As a result, globally governments are introducing regulations to protect IP and ensure that organizations properly manage their IP portfolios.

For instance, the European Union recently introduced the EU Trademark Regulation, which provides a streamlined and harmonized trademark registration process across the EU. This regulation is expected to increase the demand for IP management software, as organizations seek to ensure that they are in compliance with the new regulations and are properly managing their IP portfolios.

Scope of the Global Intellectual Property Management Software Market

The study categorizes the intellectual property management software market based on type and application area at the regional and global levels.

By Type Outlook (Sales, USD Billion, 2019-2033)

  • Cloud Based
  • Web Based

By Application Outlook (Sales, USD Billion, 2019-2033)

  • Law Firms
  • Companies

By Region Outlook (Sales, USD Billion, 2019-2033)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Web based segment accounts for the largest market share by type

Based on the type, the market is divided into web based and cloud based. The web based segment is expected to dominate the market share in 2022 in the global intellectual property management software market. Whereas, cloud based segment is expected to grow at the highest CAGR during the forecast period. Cloud-based intellectual property management software is driving demand because of its scalability, accessibility, and affordability. With cloud-based solutions, organizations can manage their intellectual property from anywhere and at any time. This is particularly useful for businesses with multiple locations and remote employees, as everyone has access to the same information. Additionally, cloud-based solutions are highly scalable, allowing businesses to easily add or remove users, as needed. This makes it easier for organizations to adapt to changes in their IP portfolios and business requirements. Furthermore, cloud-based solutions are typically more cost-effective than traditional on-premise software, as they do not require any additional hardware or IT infrastructure. This makes cloud-based IP management software a more attractive option for businesses of all sizes.

North America is expected to witness the largest market share by Region

Based on the regions, the global intellectual property management software market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The region's growth can be attributed to end-users' high awareness of intellectual property and its management, the high number of internet users in the United States and Canada, and the existence of players such as CPA Global, Anaqua Inc., and Questel in the United States. Furthermore, the region's growing number of intellectual property offices is boosting market growth.

Key Market Players in the Global Intellectual Property Management Software Market

The intellectual property management software market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global intellectual property management software market are:

Recent Development

  • In October 2020, Clarivate Plc announced the completion of the acquisition of CPA Global, creating an intellectual property (“IP”) powerhouse. This acquisition will enhance the combined global customer base a more comprehensive suite of IP related products and services.
  • In May 2021, Anaqua acquired tech-enabled IP services company Actio IP from Acapo AS. The acquisition strengthens Anaqua’s strategic line of IP management solutions, offering corporations and law firms an intuitive, transparent, and efficient experience in managing the Patent Cooperation Treaty (PCT) National Phase and European Patent (EP) Validation filing processes.
  • In June 2022, Anaqua acquired Practice Insight Pty Ltd, and its intelligent time capture software WiseTime, from IPH Limited. In leveraging Practice Insight’s technology for integrated IP time and billing functionality, Anaqua continues its investment in both AQX Law Firm and PATTSY WAVE as end-to-end IP practice management solutions, while adding WiseTime, Practice Insight’s flagship autonomous time capture tool to its suite of standalone offerings.

Key Issues Addressed

  • What is the market size by various segmentation of the intellectual property management software by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's 5 forces of the intellectual property management software market?
  • What are the key opportunities and trends for manufacturers involved in the intellectual property management software supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of intellectual property management software in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
What is the growth rate of intellectual property management software market? The global intellectual property management software market is expected to register a CAGR of 14.7%, during the forecast period (2023 to 2033). Which type held the highest growing rate in the market of intellectual property management software? On the basis of type, the cloud based segment has the highest growing rate during the forecast period (2023-2033). Which region has accounted for the largest intellectual property management software market share? In 2022, North America held the largest share in the global intellectual property management software market, followed by Europe. Who are the key players in the intellectual property management software market? In the global market of intellectual property management software manufacturers are Clarivate, Alt Legal, AppColl, ClaimMaster, Inteum, Patrix (Patricia IP Management), Computer Packages, Anaqua, DocketTrak, WebTMS, and Decipher. What are the factors that are driving global market of intellectual property management software? The growing rapidly due to the increasing need for organizations to protect their intangible assets and streamline their IP processes, thereby thrusting the market expansion at a considerable rate.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: Dec, 2022
  • BASE YEAR: 2022
  • STUDY PERIOD: 2019-2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 245

Want to Review Complete Market Research Report

 
save 20%
$2450 $1950
 
save 25%
$4450 $3338
 
save 30%
$5850 $4095
 
save 35%
$8150 $5298

Budget constraints? Get in touch with us for special pricing

Request for Special Pricing

Customize this Report

  • Buy specific region or segment sections of this report
  • Buy specific region/country level reports
  • Request for Pricing Analysis, Market Dynamics, Recommendation & Conclusion
  • Companies Profiles based on Target Requirement
  • Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
  • Why Choose Market Statsville Group?
  • CXO’s Perspective
  • Real-Time Market AttractivenessIndex
  • Investment Pockets
  • Market Player Positioning
  • Competitive Heatmap
  • Parent &Peer Market Analysis
  • Primary Survey Analysis & Transcripts
  • Premium insights from industry experts
  • Robust Research Methodology
  • Market Trends & Opportunities
  • Market Growth Dynamics
  • Value/Supply Chain Analysis
  • Pre-&-Post Covid Market Scenario
  • Latest Technological Developments
  • Comprehensive Reports
  • 3-Rounds Quality Checks with Complete Assurance
  • Unlimited Post-Sales Support
  • Regular Report Updates
Didn't Get What you are looking for. Share your requirements here
Request for Customization

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. I Accept