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Global Patent Analytics Market to reach USD 2403.50 million by the end of 2030.

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

Product Code: HLSHIT-43500243
Publish Date: 20-10-2023
Page: 200

Global Patent Analytics Market is valued at approximately USD 904.1 million in 2022 and is anticipated to grow with a healthy growth rate of more than 13% over the forecast period 2023-2030. 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.

As companies and individuals seek to protect their innovations and inventions, they file for patents to secure exclusive rights. This leads to an increase in the overall number of patent applications and grants, necessitating efficient and comprehensive patent analytics to navigate the crowded IP landscape. The World Intellectual Property Organisation reports that global patent filing activity climbed by 3.6% in the year 2021 as compared to the year 2020, while in year 2021 global trademark filling was increased by 5.5% as compared to year 2020, and industrial design filing activity increased 9.2%, respectively, in the year 2021. In terms of volume, in the year 2021, there were 3.4 million patent submissions worldwide, 18.1 million trademark filings, and 1.5 million industrial design filings. Thus, the rising number of patent filings activities is driving the market growth. Growing research and development (R&D) efforts in healthcare, manufacturing, IT & telecommunications, and other industries have increased demand for analytics tools. End users in these industries spend a significant amount of money filing for IP rights before releasing their innovative products. These traits present a plethora of chances for well-known industry participants. For instance, the Samsung Electronics 2021 Business Report reports that the corporation owned 47,900 Korean and 84,202 American patents as of 2021 and invested over USD 17.38 billion in R&D. Additionally, the business had 216,404 patents across the globe. In addition, the rising adoption of cloud computing and intellectual property (IP) management platforms and the growing demand for customized services by SMEs and large-scale enterprises are creating new opportunities for market growth. However, high transactional costs associated with software and services hampers the market growth throughout the projected period 2023-2030.

The key regions considered for the Global Patent Analytics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:
Anaqua, Inc.
Clarivate Analytics Plc
Gridlogics Technologies Pvt. Ltd.
Harrity & Harrity, LLP
International Business Machines Corporation
Minesoft Ltd.
Ocean Tomo, LLC
Wynne-Jones IP Ltd
PatSnap Limited

Recent Developments in the Market:
Ø In February 2023, LexiNexis signed a contract to acquire Aistemos Limited (Cypher brand), a patent classification company, to enhance its IP analytics capabilities. Customers can now alter the technology taxonomy used throughout LexiNexis’ IP division.
Ø In November 2022, Clarivate collaborated with IPwe to develop blockchain and AI patent solutions. The agreement allowed Clarivate to provide IPwe with patent data to create and support its Smart Intangible Asset Management platform.

Global Patent Analytics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Enterprise Size, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

By Enterprise Size:
Large-scale Enterprises

By End User:
IT and Telecommunication
Healthcare & Pharma
Financial Services and Insurance (BFSI)
Media and Entertainment
Food and Beverages

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Patent Analytics Market, by Region, 2020-2030 (USD Million)
1.2.2. Patent Analytics Market, by Component, 2020-2030 (USD Million)
1.2.3. Patent Analytics Market, by Enterprise Size, 2020-2030 (USD Million)
1.2.4. Patent Analytics Market, by End User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Patent Analytics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Patent Analytics Market Dynamics
3.1. Patent Analytics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising number of patent filings across the globe Increasing R&D investment
3.1.2. Market Challenges High transactional costs associated with software and service Data Privacy and Security Concerns
3.1.3. Market Opportunities Rising adoption of cloud computing and intellectual property (IP) management platforms Growing demand for customized services by SMEs and large-scale enterprises
Chapter 4. Global Patent Analytics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Patent Analytics Market, by Component
5.1. Market Snapshot
5.2. Global Patent Analytics Market by Component, Performance – Potential Analysis
5.3. Global Patent Analytics Market Estimates & Forecasts by Component 2020-2030 (USD Million)
5.4. Patent Analytics Market, Sub Segment Analysis
5.4.1. Solution
5.4.2. Services
Chapter 6. Global Patent Analytics Market, by Enterprise Size
6.1. Market Snapshot
6.2. Global Patent Analytics Market by Enterprise Size, Performance – Potential Analysis
6.3. Global Patent Analytics Market Estimates & Forecasts by Enterprise Size 2020-2030 (USD Million)
6.4. Patent Analytics Market, Sub Segment Analysis
6.4.1. Large-scale Enterprises
6.4.2. SMEs
Chapter 7. Global Patent Analytics Market, by End User
7.1. Market Snapshot
7.2. Global Patent Analytics Market by End User, Performance – Potential Analysis
7.3. Global Patent Analytics Market Estimates & Forecasts by End User 2020-2030 (USD Million)
7.4. Patent Analytics Market, Sub Segment Analysis
7.4.1. IT and Telecommunication
7.4.2. Healthcare & Pharma
7.4.3. Banking
7.4.4. Financial Services and Insurance (BFSI)
7.4.5. Automotive
7.4.6. Media and Entertainment
7.4.7. Food and Beverages
7.4.8. Others
Chapter 8. Global Patent Analytics Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Patent Analytics Market, Regional Market Snapshot
8.4. North America Patent Analytics Market
8.4.1. U.S. Patent Analytics Market Component breakdown estimates & forecasts, 2020-2030 Enterprise Size breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Patent Analytics Market
8.5. Europe Patent Analytics Market Snapshot
8.5.1. U.K. Patent Analytics Market
8.5.2. Germany Patent Analytics Market
8.5.3. France Patent Analytics Market
8.5.4. Spain Patent Analytics Market
8.5.5. Italy Patent Analytics Market
8.5.6. Rest of Europe Patent Analytics Market
8.6. Asia-Pacific Patent Analytics Market Snapshot
8.6.1. China Patent Analytics Market
8.6.2. India Patent Analytics Market
8.6.3. Japan Patent Analytics Market
8.6.4. Australia Patent Analytics Market
8.6.5. South Korea Patent Analytics Market
8.6.6. Rest of Asia Pacific Patent Analytics Market
8.7. Latin America Patent Analytics Market Snapshot
8.7.1. Brazil Patent Analytics Market
8.7.2. Mexico Patent Analytics Market
8.8. Middle East & Africa Patent Analytics Market
8.8.1. Saudi Arabia Patent Analytics Market
8.8.2. South Africa Patent Analytics Market
8.8.3. Rest of Middle East & Africa Patent Analytics Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Anaqua, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Clarivate Analytics Plc
9.3.3. LexisNexis
9.3.4. Gridlogics Technologies Pvt Ltd
9.3.5. Harrity & Harrity, LLP
9.3.6. International Business Machine Corporation
9.3.7. Minesoft Ltd.
9.3.8. Ocean Tomo, LLC
9.3.9. Wynne-Jones IP Ltd
9.3.10. PatSnap Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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