Transparency Market Research delivers key insights on the global intellectual property services market. In terms of revenue, the global intellectual property services market was valued over US$ 2.1 Bn in 2019 and is expected to expand at a CAGR of ~12% from 2024 to 2030, crossing US$ 5.8 Bn by the end of the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global intellectual property services market.
The global intellectual property services market is broadly affected by several factors, including increasing application or registration of patents and rising demand for outsourced IP services. Thus, expanding application of intellectual property services in different sectors is propelling the global market for intellectual property services.
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Intellectual Property Services Market: Key Driver
Multiple intellectual property technology solutions are developed to protect content and products from duplication. Currently, increasing illegal and unauthorized sales of tangible & intangible assets is a major factor expected to fuel the demand for commercial intellectual property services in the market. Intellectual property owners are emphasizing on adopting intellectual property services to be protected by regulations and laws from unauthorized use of their rights. An important fact about authorized protection of intellectual property is that it turns intangible content or assets into private property rights, however, for a restricted period only. It allows small-sized and medium-sized enterprises to claim ownership over their intangible assets and exploit them to their extreme potentials. The impact of this driver on the intellectual property services market in the short-term is high and estimated to stabilize to medium over long term. This is primarily due to the growing adoption of the licensing system, and a superior code protection system helps enforce restrictions to control unauthorized usage of the software and technology. Moreover, these protective actions can lead to increased compliance, reduced piracy rates, and improved income.
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Intellectual Property Services Market: Prominent Regions
The intellectual property services market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of consumer spending in outsourced IP services in the region. The intellectual property services market in Europe is projected to witness favorable growth during the forecast period, due to significant rise in commercial investment in intellectual property services and rising number of intellectual property services providers in major countries such as France, the U.K. and Germany. The Asia Pacific intellectual property services market is expected to be the fastest growing during the forecast period, owing to the presence of a large number of players in intellectual property services and increasing adoption of intellectual property services among IT & telecom and manufacturing businesses.
Intellectual Property Services Market: Key Players
Key players operating in the global intellectual property services market include Acumum Group, AIPEX, Anaqua, Inc., Baker McKenzie, Clarivate Analytics, CPA Global Ltd., Dennemeyer Group, Dolcera Information Technology Services Pvt. Ltd., Evalueserve, Foley & Lardner LLP, ipMetrix Consulting Group, Lawrie IP Limited, LexisNexis, Linklaters, McDermott Will & Emery LLP Inc., Patent Outsourcing Limited, Patrix AB, PatSnap Pte. Ltd., Synoptic Intellectual Patents (P) Limited, and Wynne-Jones IP Ltd.
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Global Intellectual Property Services Market: Segmentation
Intellectual Property Services Market, by IP Type
- Patents
- Trade Marks
- Copyright
- Designs
Intellectual Property Services Market, by Service Type
- IP Protection and Management
- IP Due Diligence
- IP Valuation
- IP Landscape
Intellectual Property Services Market, by Enterprise Size
- Small & Medium Enterprises
- Large Enterprises
Intellectual Property Services Market, by Industry
- Automobile
- BFSI
- IT & Telecom
- Healthcare
- Media & Entertainment
- Government
- Semiconductors
- Manufacturing
- Others (Hospitality and Education)
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