Global Patent Annuity Service Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Patent Annuity Service Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Patent Annuity Service market size was valued at USD 731.6 million in 2023 and is forecast to a readjusted size of USD 1264.8 million by 2030 with a CAGR of 8.1% during review period.

A patent annuity is a fee that a patent owner must pay to renew a granted patent. Otherwise it will lapse and as the patent owner will lose the previous rights on the regular expiry date.Over the past decade, the trend for maintaining patents has shifted to the use of patent annuity service providers. This includes law firms removing themselves from patent annuity management and referring clients to professional service providers.

Choosing a patent annuity specialist instead of paying directly or using an attorney can bring considerable benefits, such as:

Cost-effectiveness and savings through centralized management

External data monitoring and inspection

Timely renewal reminder

Understand and track state law updates

Ability to consolidate services (e.g. trademarks, patents, foreign applications, etc.) under one provider

The patent annuity service market is growth is driven by a number of factors, including:

The increasing number of patent applications: The number of patent applications is increasing every year, and this is driving the demand for patent annuity services. Businesses need to pay an annuity fee to maintain their patent rights, and they need to use a patent annuity service to manage these fees.

The rising cost of patenting: The cost of patenting is increasing, and this is driving the demand for patent annuity services. Businesses need to use a patent annuity service to manage their patent fees, and they need to ensure that they are paying the correct fees on time.

The increasing complexity of patent law: Patent law is becoming more complex, and this is driving the demand for patent annuity services. Businesses need to use a patent annuity service to ensure that they are complying with all patent laws and regulations.

The growth of the global economy:The global economy is growing, and this is driving the demand for patent annuity services. Businesses in emerging markets are increasingly filing for patents, and they need to use patent annuity services to manage their patent fees.

The Global Info Research report includes an overview of the development of the Patent Annuity Service industry chain, the market status of Corporate (Invention Patent Annuity Service, Utility Model Patent Annuity Service), Research Institute (Invention Patent Annuity Service, Utility Model Patent Annuity Service), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Patent Annuity Service.

Regionally, the report analyzes the Patent Annuity Service markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Patent Annuity Service market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Patent Annuity Service market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Patent Annuity Service industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Invention Patent Annuity Service, Utility Model Patent Annuity Service).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Patent Annuity Service market.

Regional Analysis: The report involves examining the Patent Annuity Service market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Patent Annuity Service market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Patent Annuity Service:

Company Analysis: Report covers individual Patent Annuity Service players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Patent Annuity Service This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Corporate, Research Institute).

Technology Analysis: Report covers specific technologies relevant to Patent Annuity Service. It assesses the current state, advancements, and potential future developments in Patent Annuity Service areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Patent Annuity Service market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Patent Annuity Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Invention Patent Annuity Service
Utility Model Patent Annuity Service
Design Patent Annuity Service

Market segment by Application
Corporate
Research Institute
University
Others

Market segment by players, this report covers
Clarivate (CPA Global)
NovumIP (Novagraaf & PAVIS)
Dennemeyer
Questel
Murgitroyd
Anaqua
Computer Packages Inc
MaxVal Group
Page, White & Farrer
Acumass
IP Centrum Limited
Thomson Reuters IP Management
Envoy
Novagraaf
Brandstock
Zacco
PAVIS

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Patent Annuity Service product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Patent Annuity Service, with revenue, gross margin and global market share of Patent Annuity Service from 2019 to 2024.

Chapter 3, the Patent Annuity Service competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Patent Annuity Service market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Patent Annuity Service.

Chapter 13, to describe Patent Annuity Service research findings and conclusion.