Enterprise Intellectual Property (IP) Management Software Market Segmentation By Type (Trademark, Patent, Copyright and Design and Litigation); By Services (Consulting, Implementation, Support & Maintenance), End-user (Automotive, BFSI, Pharmaceutical, Information Technology, Aerospace & Defense and Research Institutes) - Global Demand Analysis & Opportunity Outlook 2027
Buy Now Report ID: 822 | Published Date: Feb 09, 2023
Our in-depth analysis segmented the global enterprise intellectual property (IP) management software market in the following segments:
Global enterprise intellectual property (IP) management software market is further classified on the basis of region as follows:
The global enterprise intellectual property (IP) management software market is anticipated to expand with significant CAGR of 12.0% during 2018-2027. It is projected value at market size of USD 14.0 billion by 2027. The increasing demand for the enhanced software by some of the organizations in order to protect intellectual property is anticipated to boost the market growth of the global enterprise intellectual property (IP) management software market. The global enterprise intellectual property (IP) management software market can be segmented on the basis of type, services, end-user and region. On the basis of type, it is sub-segmented into trademark, patent, copyright and design and litigation. On the basis of services, it is sub-segmented into consulting, implementation and support & maintenance. The support & maintenance sub-segment segment is anticipated to lead the services segment. On the basis of end-user, it is sub-segmented into automotive, BFSI, pharmaceutical, information technology, aerospace & defense and research institutes. The information and technology sub-segment is anticipated to hold the largest market share in the end-user segment. The various business firms and private organizations have increased the adoption of the enterprise intellectual property management software. For instance many companies such as Google, IBM, Samsung has large number of utility patents.
By region, global enterprise intellectual property (IP) management software market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold largest market share for the global enterprise intellectual property (IP) management software market during the forecast period. The increasing demand for the software by various end-use industries coupled with the increasing awareness about the software among various firms is anticipated to be the primary reason for the expansion of the market in the region. Asia-Pacific is anticipated to be the fastest developing region for the global enterprise intellectual property (IP) management software market. This is attributed to the fact of emerging banking sector coupled with emerging countries such as China and India are expected to contribute significant market share in the global enterprise intellectual property.
The increasing demand for protecting and managing intellectual property is anticipated to be the primary growth driver for the global enterprise intellectual property (IP) management software market. The increasing adoption of the enterprise intellectual property management software by the various end-use industries is anticipated to fuel the growth of the global enterprise intellectual property (IP) management software market. The increasing need for the secure system is anticipated to fuel the demand for the enterprise intellectual property management software. The increasing utilization of smart system management by various companies is encouraging the people to use intellectual property management software. However, the high initial cost required by the enterprise intellectual property management software is anticipated to hinder the market growth of the enterprise intellectual property (IP) management software.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
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