Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Product Overview
The intellectual property is the category of the property which includes the artistic creation of the human intellects and copyrights, trademarks and patents. The intellectual property management software enables easy, effective and efficient management of the intellectual property. Enterprise intellectual property management software is automation system that is used for the trademarks, tracking of patents, keeping copyrights and IP. It is primarily used by the business firms and corporate companies in order to maintain data privacy and keeping the copyrights of essential files and enhancing the security measures.
Market Size and Forecast
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.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global enterprise intellectual property (IP) management software market in the following segments:
By Type:
By Services:
End-user:
By Region
Global enterprise intellectual property (IP) management software market is further classified on the basis of region as follows:
Growth Drivers and Challenges
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.
Key Players
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