Patent Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Patent Analytics Market
The Patent Analytics market size was valued at USD 904.1 million in 2022, and the market is now projected to grow from USD 1,007.8 million in 2023 to USD 2,364.6 million by 2030, exhibiting a CAGR of 13% during the forecast period of 2023-2030.
Due to a decrease in research and development activities across different sectors, the COVID-19 pandemic led to reduced need for sophisticated IP analysis tools. As a result of limitations set by governments on production lines as well as research institutions including innovation hubs, there was a slump in progress and investment towards them in Patent Analytics market growth.
The increasing expenditure on R&D in fields such as health, manufacturing, IT and telecommunications means that more analytics tools are needed. A significant amount is spent by customers on intellectual property protection when they come up with new ideas or designs. Such as: for example – Samsung has invested 17.38 billion dollars into R&D since 2021 and holds more than 216,000 patents worldwide – posits opportunities for those operating in the market in Patent Analytics market share.
Many organizations are moving to cloud computing so they can make their business operations easier using it especially in storage because it is capable of containing vast amounts of data.ephasis is being laid on the use of advanced technologies like big data cloud computing and artificial intelligence(AI) in analytics tools provision for prominent actors in the market. For example,
Comprehensive Analysis of Patent Analytics Market
The Patent Analytics market and Information & Communication Technology industry is exponential rate due to its market segmentation. These segmentations are methodically segregated by Component Analysis, by Enterprise Size Analysis, by End-user Analysis. The Component Analysis, solutions and services. However, the Enterprise Size Analysis, large-scale enterprises and SMEs. The End-user Analysis, healthcare & pharma, automotive, IT & telecommunications, food & beverage, banking, financial services & insurance (BFSI), media & entertainment, and others (government, education).
The North America region lead the Patent Analytics market by benefitting a market size of USD 379.0 million in 2022 due to This region comprises several significant companies that operate in healthcare and telecommunication & IT sectors.
The top players in the market play a crucial role in the Information & Communication Technology industrial prospectus growth and setting market standards. These players include, Anaqua, Inc. (U.S.), LexisNexis (U.S.), Clarivate Analytics Plc (U.K.), Harrity & Harrity, LLP (U.S.), Gridlogics (India), Minesoft Ltd. (U.K.), IBM Corporation (U.S.), Wynne-Jones IP Ltd (U.K.), Ocean Tomo, LLC (U.S.), PatSnap Limited (U.K.), these market players provide a level-playing competitive landscape.
In March 2023, As of now, IPlytics, which is now a part of LexisNexis, introduced IPlytics Undeclared Patent Universe, which covers unreported patents that are vital for HEVC, AVC, and VVC codecs. This instrument assists in recognizing paramount patents that are not made known to the public, thereby increasing openness as well as enabling strategic choices that relate to new methods for compressing videos.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 13% from 2023 to 2030
Unit Value (USD million)
Segmentation Component, Enterprise Size, End-user, and Geography
By Component Solution
Services
- Patent Landscapes/White Space Analysis
- Patent Strategy and Management
- Patent Valuation
- Patent Support
- Patent Analysis
- Others (Licensing, Prosecution)
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 (Government, Education)
By Region North America (By Component, By Enterprise Size, By End-user, and By Country)
- U.S. (By End-user)
- Canada (By End-user)
Europe (By Component, By Enterprise Size, By End-user, and By Country)
- Germany (By End-user)
- U.K. (By End-user)
- France (By End-user)
- Russia (By End-user)
- Rest of Europe
Asia Pacific (By Component, By Enterprise Size, By End-user, and By Country)
- China (By End-user)
- Japan (By End-user)
- India (By End-user)
- Southeast Asia (By End-user)
- Rest of Asia Pacific
Middle East & Africa (By Component, By Enterprise Size, By End-user, and By Country)
- GCC (By End-user)
- South Africa (By End-user)
- Rest of Middle East & Africa
Latin America (By Component, By Enterprise Size, By End-user, and By Country)
- Brazil (By End-user)
- Mexico (By End-user)
- Rest of Latin America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Patent Analytics Key Players Market Share/Ranking, 2022
- 5. Global Patent Analytics Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Solution
- 5.2.2. Services
- 5.2.2.1. Patent Landscapes/White Space Analysis
- 5.2.2.2. Patent Strategy and Management
- 5.2.2.3. Patent Valuation
- 5.2.2.4. Patent Support
- 5.2.2.5. Patent Analysis
- 5.2.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
- 5.3. By Enterprise Size (USD)
- 5.3.1. Large Enterprises
- 5.3.2. SMEs
- 5.4. By End-user (USD)
- 5.4.1. IT and Telecommunications
- 5.4.2. Healthcare & Pharma
- 5.4.3. Banking, Financial Services and Insurance (BFSI)
- 5.4.4. Automotive
- 5.4.5. Media and Entertainment
- 5.4.6. Food and Beverages
- 5.4.7. Others(Government, Education, Etc)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Middle East & Africa
- 5.5.5. Latin America
- 6. North America Patent Analytics Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Solution
- 6.2.2. Services
- 6.2.2.1. Patent Landscapes/White Space Analysis
- 6.2.2.2. Patent Strategy and Management
- 6.2.2.3. Patent Valuation
- 6.2.2.4. Patent Support
- 6.2.2.5. Patent Analysis
- 6.2.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
- 6.3. By Enterprise Size (USD)
- 6.3.1. Large Enterprises
- 6.3.2. SMEs
- 6.4. By End-user (USD)
- 6.4.1. IT and Telecommunications
- 6.4.2. Healthcare & Pharma
- 6.4.3. Banking, Financial Services and Insurance (BFSI)
- 6.4.4. Automotive
- 6.4.5. Media and Entertainment
- 6.4.6. Food and Beverages
- 6.4.7. Others(Government, Education, Etc)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By End-user
- 6.5.2. Canada
- 6.5.2.1. By End-user
- 7. Europe Patent Analytics Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Solution
- 7.2.2. Services
- 7.2.2.1. Patent Landscapes/White Space Analysis
- 7.2.2.2. Patent Strategy and Management
- 7.2.2.3. Patent Valuation
- 7.2.2.4. Patent Support
- 7.2.2.5. Patent Analysis
- 7.2.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
- 7.3. By Enterprise Size (USD)
- 7.3.1. Large Enterprises
- 7.3.2. SMEs
- 7.4. By End-user (USD)
- 7.4.1. IT and Telecommunications
- 7.4.2. Healthcare & Pharma
- 7.4.3. Banking, Financial Services and Insurance (BFSI)
- 7.4.4. Automotive
- 7.4.5. Media and Entertainment
- 7.4.6. Food and Beverages
- 7.4.7. Others(Government, Education, Etc)
- 7.5. By Country (USD)
- 7.5.1. Germany
- 7.5.1.1. By End-user
- 7.5.2. U.K.
- 7.5.2.1. By End-user
- 7.5.3. France
- 7.5.3.1. By End-user
- 7.5.4. Russia
- 7.5.4.1. By End-user
- 7.5.5. Rest of Europe
- 8. Asia Pacific Patent Analytics Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Solution
- 8.2.2. Services
- 8.2.2.1. Patent Landscapes/White Space Analysis
- 8.2.2.2. Patent Strategy and Management
- 8.2.2.3. Patent Valuation
- 8.2.2.4. Patent Support
- 8.2.2.5. Patent Analysis
- 8.2.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
- 8.3. By Enterprise Size (USD)
- 8.3.1. Large Enterprises
- 8.3.2. SMEs
- 8.4. By End-user (USD)
- 8.4.1. IT and Telecommunications
- 8.4.2. Healthcare & Pharma
- 8.4.3. Banking, Financial Services and Insurance (BFSI)
- 8.4.4. Automotive
- 8.4.5. Media and Entertainment
- 8.4.6. Food and Beverages
- 8.4.7. Others(Government, Education, Etc)
- 8.5. By Country (USD)
- 8.5.1. China
- 8.5.1.1. By End-user
- 8.5.2. Japan
- 8.5.2.1. By End-user
- 8.5.3. India
- 8.5.3.1. By End-user
- 8.5.4. Southeast Asia
- 8.5.4.1. By End-user
- 8.5.5. Rest of Asia Pacific
- 9. Middle East & Africa Patent Analytics Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Solution
- 9.2.2. Services
- 9.2.2.1. Patent Landscapes/White Space Analysis
- 9.2.2.2. Patent Strategy and Management
- 9.2.2.3. Patent Valuation
- 9.2.2.4. Patent Support
- 9.2.2.5. Patent Analysis
- 9.2.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
- 9.3. By Enterprise Size (USD)
- 9.3.1. Large Enterprises
- 9.3.2. SMEs
- 9.4. By End-user (USD)
- 9.4.1. IT and Telecommunications
- 9.4.2. Healthcare & Pharma
- 9.4.3. Banking, Financial Services and Insurance (BFSI)
- 9.4.4. Automotive
- 9.4.5. Media and Entertainment
- 9.4.6. Food and Beverages
- 9.4.7. Others(Government, Education, Etc)
- 9.5. By Country (USD)
- 9.5.1. GCC
- 9.5.1.1. By End-user
- 9.5.2. South Africa
- 9.5.2.1. By End-user
- 9.5.3. Rest of MEA
- 10. Latin America Patent Analytics Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Solution
- 10.2.2. Services
- 10.2.2.1. Patent Landscapes/White Space Analysis
- 10.2.2.2. Patent Strategy and Management
- 10.2.2.3. Patent Valuation
- 10.2.2.4. Patent Support
- 10.2.2.5. Patent Analysis
- 10.2.2.6. Others (Patent Licensing, Patent Prosecution, Etc)
- 10.3. By Enterprise Size (USD)
- 10.3.1. Large Enterprises
- 10.3.2. SMEs
- 10.4. By End-user (USD)
- 10.4.1. IT and Telecommunications
- 10.4.2. Healthcare & Pharma
- 10.4.3. Banking, Financial Services and Insurance (BFSI)
- 10.4.4. Automotive
- 10.4.5. Media and Entertainment
- 10.4.6. Food and Beverages
- 10.4.7. Others(Government, Education, Etc)
- 10.5. By Country (USD)
- 10.5.1. Brazil
- 10.5.1.1. By End-user
- 10.5.2. Mexico
- 10.5.2.1. By End-user
- 10.5.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Anaqua, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Clarivate Analytics Plc
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. LexisNexis
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Gridlogics
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Harrity & Harrity, LLP
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. IBM Corporation
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Minesoft Ltd.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Ocean Tomo, LLC
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Wynne-Jones IP Ltd
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. PatSnap Limited
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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