Global Intellectual Property Management Software Market Size, Share & Trends Analysis Report By Component (Software and Service), By Application, By Deployment (Cloud and On-Premise), By End Use, By Regional Outlook and Forecast, 2024 - 2031

Global Intellectual Property Management Software Market Size, Share & Trends Analysis Report By Component (Software and Service), By Application, By Deployment (Cloud and On-Premise), By End Use, By Regional Outlook and Forecast, 2024 - 2031

The Global Intellectual Property Management Software Market size is expected to reach $26.18 billion by 2031, rising at a market growth of 12.6% CAGR during the forecast period.

North America's emphasis on technological leadership and global competitiveness drives the adoption of cutting-edge IP management tools, making it a key contributor to market growth. The region’s stringent IP laws and regulations necessitate advanced solutions to ensure compliance and protect valuable assets. Therefore, the North America segment procured 31% revenue share in the market in 2023. The North America segment is propelled by a well-established intellectual property ecosystem and the significant role of research and development in driving innovation. The region's leading technology, pharmaceutical, and media companies have created a strong demand for IP management software to handle complex and diverse portfolios.

IP-intensive businesses and startups are crucial in driving IP filings globally. Startups, often operating in knowledge-based sectors like fintech, edtech, and green technology, prioritize securing proprietary technologies, trademarks, and designs as part of their growth strategy. The expansion of these businesses into international markets through digital platforms has further amplified the importance of robust IP protection. For startups, owning a strong IP portfolio attracts investors and establishes credibility, fueling the sustained rise in IP filings worldwide. Additionally, the necessity for businesses to implement a proactive strategy for administering their intellectual properties on a global scale is evidenced by the increase in cross-border IP transactions. These complexities are effectively managed by companies, which enables them to secure a competitive advantage and access lucrative opportunities, such as joint ventures and licensing agreements, which can significantly increase their revenue streams. Hence, these factors will drive the expansion of the market.

However, Organizations are also concerned about the adequacy of cybersecurity measures implemented by IP management software providers. Questions about the strength of encryption, secure access protocols, and data backup procedures often arise. These concerns are particularly pronounced in industries that deal with high-stakes IP, such as technology, pharmaceuticals, and manufacturing. Thus, concerns about data breaches, hacking, and inadequate cybersecurity measures deter some organizations from adopting these solutions.

Component Outlook

Based on component, the market is bifurcated into service and software. The service segment procured 42% revenue share in the market in 2023. The service segment is propelled by the need for specialized expertise to support businesses adopting and optimizing IP management software. Services such as consulting, implementation, training, and ongoing support play a critical role in helping organizations integrate these tools into their existing workflows effectively. As businesses become more dependent on digital solutions, there is an increasing need for assistance in customizing software, overcoming integration obstacles, and guaranteeing user proficiency.

Deployment Outlook

On the basis of deployment, the market is classified into on-premise and cloud. The on-premise segment recorded 37% revenue share in the market in 2023. The on-premise segment is driven by the need for complete control over data and enhanced security, particularly in industries that manage highly sensitive intellectual property, such as technology, defense, and pharmaceuticals. Organizations with stringent regulatory requirements often prefer on-premise deployments to ensure compliance and maintain full ownership of their IP data. This segment is also supported by businesses with existing IT infrastructure and those operating in regions where concerns about data sovereignty or limited internet connectivity make cloud adoption less feasible.

Application Outlook

By application, the market is divided into patent management, trade management, licensing, and others. The licensing segment witnessed 38% revenue share in the market in 2023. The licensing segment is driven by the growing complexity and volume of licensing agreements across industries, particularly in technology, pharmaceuticals, and media. Businesses are using intellectual property management software more and more to monitor, manage, and optimize licensing agreements as well as to make sure that legal and contractual requirements are met.

End Use Outlook

Based on end use, the market is bifurcated into individual and commercial. The commercial segment procured 69% revenue share in the market in 2023. The commercial segment is driven by the growing need for businesses to efficiently manage large and complex intellectual property portfolios, which include patents, trademarks, copyrights, and licensing agreements. Organizations in sectors like technology, pharmaceuticals, and media rely on IP management software to streamline workflows, ensure compliance with international regulations, and safeguard valuable assets.

Commercial Outlook

The commercial segment is further divided into BFSI, IT & telecom, automotive, technology, and others. The IT & telecom segment witnessed 27% revenue share in the market in 2023. The IT & telecom segment is propelled by the accelerating pace of digital transformation and the critical role of intellectual property in software development, telecommunications infrastructure, and networking solutions. Companies in this sector face complex challenges in managing diverse IP assets across multiple jurisdictions, including patents, trademarks, and copyrights.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 35% revenue share in the market in 2023. The Asia Pacific segment is driven by rapid economic growth, increasing innovation activities, and rising awareness of intellectual property rights in countries like China, India, and Japan. Governments in the region have implemented supportive policies and initiatives to protect intellectual property, encouraging businesses to adopt IP management software. The proliferation of startups and technological advancements, particularly in the electronics, biotechnology, and software sectors, has fueled the demand for robust IP management solutions.

List of Key Companies Profiled

• Wolters Kluwer N.V.
• Red Points
• Coresearch Inc. (Audax Group)
• Microsoft Corporation
• Thales Group S.A.
• Innovation Asset Group Inc.
• RELX PLC (LexisNexis Risk Solutions, Inc.)
• PatSeer Technologies Pvt. Ltd.
• Patsnap, Inc.
• Cardinal Intellectual Property, Inc.

Global Intellectual Property Management Software Market Report Segmentation

By Component

• Software
• Service

By Application

• Licensing
• Patent Management
• Trade Management & Other Application

By Deployment

• Cloud
• On-Premise

By End Use

• Commercial
• IT & Telecom
• Technology
• BFSI
• Automotive
• Other Commercial Type
• Individual

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA