With the emergence and long-term Impact of COVID-19, Global Patent Analytics Market to reach USD 2403.50 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Patent Analytics Market points towards a potential rise to USD 2403.50 Million by 2030. Patent analytics refers to the systematic analysis of patent data to gain insights and extract valuable information. It involves using various techniques and tools to analyze patent documents, including their content, citations, classifications, and other metadata. The objective of patent analytics is to uncover trends, patterns, and relationships within patent data to inform strategic decision-making, identify opportunities for innovation, assess competitive landscapes, and support intellectual property (IP) management. The Patent Analytics market is expanding because of factors such as the rising number of patent filings across the globe and increasing R&D investment by end-users.
Geographically, the global Patent Analytics market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the factors such as the rising number of intellectual property rights fillings, across various industries, rising investment in research and development activities, and rising adoption of advanced technologies in the region. Whereas, Asia Pacific is projected to register significant growth owing to factors such as the growing adoption of advanced analytics tools and the increasing number of patent applications in the region.
The global Patent Analytics market is highly competitive owing to the presence of several key players such as Anaqua, Inc. Clarivate Analytics Plc LexisNexis Gridlogics Technologies Pvt. Ltd. Harrity & Harrity, LLP International Business Machines Corporation Minesoft Ltd. Ocean Tomo, LLC Wynne-Jones IP Ltd PatSnap Limited, and others.
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Global Patent Analytics Market Size study & Forecast, by Component (Solution, Services), by Enterprise Size (Large-scale Enterprises, SMEs), by End User (IT and Telecommunication, Healthcare & Pharma, Banking, Financial Services and Insurance (BFSI), Automotive, Media and Entertainment, Food and Beverages, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Patent Analytics Market is anticipated to grow with a healthy growth rate of more than 13% over the forecast period 2023-2030.
- In the Component segment, Solution emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the factors such as the rising number of intellectual property rights fillings, across various industries, rising investment in research and development activities, and rising adoption of advanced technologies in the region.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Enterprise Size:
- Large-scale Enterprises
By End User:
- IT and Telecommunication
- Healthcare & Pharma
- Banking Financial Services and Insurance (BFSI)
- Media and Entertainment
- Food and Beverages
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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