Enterprise Intellectual Property Management Software Market Trend, Share, Growth, Size Analysis and Forecast 2030

Enterprise Intellectual Property Management Software Industry Prospective:

The global enterprise intellectual property management software market size was worth around USD 4.1 billion in 2022 and is predicted to grow to around USD 8.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.

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Enterprise Intellectual Property Management Software Market: Overview

A software application used by companies to manage and safeguard patents, licenses, innovations, trademarks, copyrights, royalties, brands, and other associated legal rights is known as intellectual property (IP) management software. For both new and current IP ownership, it helps automate forms and correspondence. It also tracks incidents of infringement and any legal rights breaches for possible follow-up prosecution. Additionally, it helps with the planning and execution of intellectual property filings, including trademark registration, patent applications, and litigation.

Key Insights

• As per the analysis shared by our research analyst, the global Enterprise Intellectual Property Management Software market is estimated to grow annually at a CAGR of around 9.1% over the forecast period (2023-2030).
• In terms of revenue, the global Enterprise Intellectual Property Management Software market size was valued at around USD 4.1 billion in 2022 and is projected to reach USD 8.2 billion, by 2030.
• The rising demand for a secure and well-recorded approach to managing intellectual property inside a company is expected to drive growth in the enterprise intellectual property management software market. By giving creators exclusive rights and allowing them to profit from their works, intellectual property protects inventions and ideas from duplication.
• Based on the type, the Patent IP Management Software segment is expected to hold a significant market share over the forecast period.
• Based on the deployment, the on-premises segment is expected to dominate the market during the forecast period.
• Based on region, North America is expected to dominate the market over the forecast period.

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Enterprise Intellectual Property Management Software Market: Growth Drivers

Increasing use of industrial design, patents, and trademarks drives market growth

A successful product has to change to meet consumer needs and industry developments. It takes innovation based on previously filed patents in many countries to provide functionality. Getting a pricing edge also requires innovations. Businesses are being forced to improve their intellectual property management due to the market's growing reliance on different types of patents to produce products and improve their usefulness. The quantity of patent applications filed each year has increased dramatically as a result. For instance, WIPO Statistics Database, global patent applications increased by 3.6% in 2021. The activity of filings for trademarks and industrial designs increased by 5.5% and 9.2%, respectively. Globally, there have been around 3.4 million patent submissions, 18.1 million trademark filings, and 1.5 million industrial design filings. Thus, the aforementioned stats are expected to drive the global enterprise intellectual property management software market growth.

Enterprise Intellectual Property Management Software Market: Restraints

Implementing cost impedes market growth

For small and medium-sized businesses (SMEs), in particular, implementing intellectual property management software can be costly. The upfront expenses associated with license, customization, and training could discourage certain firms from implementing these solutions. For instance, the median cost of a software patent, as reported by the American Intellectual Property Law Association, is $10,000, which also includes the filing expenses for the patent application.

Enterprise Intellectual Property Management Software Market: Opportunities

Growing partnership among key players offers a lucrative opportunity for market growth

The growing partnership among key players is expected to offer a lucrative opportunity for enterprise intellectual property management software industry growth during the forecast period. For instance, in May 2023, with the launch of TCS Generative AI, a new offering from Tata Consultancy Services (TCS), the company announced an expansion of its partnership with Google Cloud. TCS Generative AI uses Google Cloud's generative AI services to design and implement specialized business solutions that help clients take advantage of this innovative technology to speed up their growth and transformation. Capitalizing on its extensive domain expertise spanning many business sectors and its research & innovation expenditures, TCS has built up a substantial collection of AI-driven solutions and proprietary knowledge in the domains of AIOps, Algo RetailTM, smart manufacturing, digital twins, and robotics. The company is presently investigating how generative AI may be utilized to provide value in various business contexts with clients across various sectors.

Enterprise Intellectual Property Management Software Market: Challenges

Limited customization poses a major challenge for the market growth

Organizations with distinct IP management procedures and needs may find that certain IP management software solutions provide restricted customization choices. Flexibility may be compromised and inefficiencies may arise. Thus, posing a major challenge for the market growth.

Enterprise Intellectual Property Management Software Market: Segmentation

The global Enterprise Intellectual Property Management Software industry is segmented based on the type, deployment, enterprise size, vertical, and region.

Based on the type, the global market is bifurcated into Trademark IP Management Software, Patent IP Management Software, Copyright IP Management Software, Design IP Management Software, Litigation IP Management Software, Domain IP Management Software, and Multifunctional IP Management Software. The Patent IP Management Software segment is expected to hold a significant market share over the forecast period. In recent years, there has been a noticeable trend in patent IP management toward digitalization. In the last several years, there has been a notable surge in the quantity of patent applications from diverse end-user sectors. For example, China topped the list of countries with 70,015 international patent applications filed in 2022, according to WIPO. With around 59,056 and over 50,345 worldwide patent applications, respectively, the United States and Japan trailed behind. Furthermore, in the upcoming years, it is anticipated that developing nations like India will have a favorable impact on the need for patent management software. The number of patents in the nation is increasing significantly every year. For instance, 66.4 thousand patents were submitted in India for the fiscal year 2022, according to statistics from Intellectual Property India. When compared to the 58.5 thousand patents submitted in 2021, it grew considerably. Thereby, driving the segment growth.

Based on the deployment, the global enterprise intellectual property management software industry is bifurcated into cloud-based and on-premises. The on-premises segment is expected to dominate the market during the forecast period. The internal infrastructure of an organization is where this software is installed and run. Additionally, those who file for patents may track and manage their applications using the PC program. Internal teams can identify and correct system faults and issues due to the on-premise implementation.

Based on the enterprise size, the global Enterprise Intellectual Property Management Software industry is bifurcated into SMEs and Large Enterprises.

Based on the vertical, the global Enterprise Intellectual Property Management Software market is bifurcated into BFSI, Government, Pharma & Healthcare, IT & Telecommunication, Electronics, Manufacturing, Construction, Chemical, Education, and Energy & Utilities.

Enterprise Intellectual Property Management Software Market: Report Scope

Enterprise Intellectual Property Management Software Market: Regional Analysis

North America is expected to dominate the market over the forecast period

North America is expected to dominate the global enterprise intellectual property management software market over the forecast period. The high level of end-user knowledge about intellectual property and its management, the large number of internet users in the United States and Canada, and the existence of major firms like Anaqua Inc., CPA Global, and Questel in the United States are all factors contributing to the region's growth. Moreover, the expansion of the industry is also being supported by the rising number of intellectual property offices in the region. Besides, the Asia Pacific is expected to grow at a rapid rate over the forecast period because of the rise in industrial applications, patents, and trademarks in nations including South Korea, China, Japan, and India. Furthermore, as a result of the recent increase in patents, end-user sectors in the Asia Pacific area, including IT, Telecom, and BFSI, are adopting intellectual property management software at a substantial rate.

Enterprise Intellectual Property Management Software Market: Competitive Analysis

The global Enterprise Intellectual Property Management Software market is dominated by players like:

• IBM
• CPA Global
• Questel
• Anaqua
• Dennemeyer
• PatSnap
• Clarivate
• Ipan GmbH
• TORViC Technologies
• Ipfolio
• Computer Packages Inc (CPi)
• Minesoft
• Bizsolution Software
• AppColl
• O P Solutions Inc.
• TrademarkNow
• Patrix

The global Enterprise Intellectual Property Management Software market is segmented as follows:

By Type

• Trademark IP Management Software
• Patent IP Management Software
• Copyright IP Management Software
• Design IP Management Software
• Litigation IP Management Software
• Domain IP Management Software
• Multifunctional IP Management Software

By Deployment

• Cloud-based
• On-Premises

By Enterprise Size

• SMEs
• Large Enterprises

By Vertical

• BFSI
• Government
• Pharma & Healthcare
• IT & Telecommunication
• Electronics
• Manufacturing
• Construction
• Chemical
• Education
• Energy & Utilities

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa