Global Patent and Trademark Renewals Services Market Growth (Status and Outlook) 2023-2029

Global Patent and Trademark Renewals Services Market Growth (Status and Outlook) 2023-2029

Granted Patents and trademarks require maintenance to keep them ‘alive’ so that the rights in the invention can be enforced. A large part of that maintenance includes payment of renewal fees, also called ‘annuities’ or ‘taxes’ in some parts of the world, and even ‘continuation’ fees under certain circumstances. The timing of their commencement, deadlines for payment and amount differ greatly among countries, so it’s important for patentees to understand renewal requirements for budgeting purposes and to avoid causing a patent or application to lapse. Due to the complexity of requirements for patent and trademark renewals and the risks associated with making an error, many patentees and attorney firms use the services of specialist external renewal companies, with many such providers on offer. These companies assume responsibility for timely payment of applicable renewals fees in each jurisdiction of their client’s patents. External renewal providers, which do not provide additional attorney services, can be a very cost-effective solution for ensuring payment of renewals.
LPI (LP Information)' newest research report, the “Patent and Trademark Renewals Services Industry Forecast” looks at past sales and reviews total world Patent and Trademark Renewals Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Patent and Trademark Renewals Services sales for 2023 through 2029. With Patent and Trademark Renewals Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Patent and Trademark Renewals Services industry.
This Insight Report provides a comprehensive analysis of the global Patent and Trademark Renewals Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Patent and Trademark Renewals Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Patent and Trademark Renewals Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Patent and Trademark Renewals Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Patent and Trademark Renewals Services.
The global Patent and Trademark Renewals Services market size is projected to grow from US$ 819 million in 2022 to US$ 1479.8 million in 2029; it is expected to grow at a CAGR of 8.8% from 2023 to 2029.
Global core patent and trademark renewals services manufacturers include Clarivate (CPA Global), NovumIP (Novagraaf & PAVIS) etc.The top 3 companies hold a share about 65%.Asia Pacific is the largest market, with a share about 53%, followed by North America and Europe with the share about 23% and 20%.In terms of product, patent renewal is the largest segment, with a share over 85%. And in terms of application, the largest application is enterprise, followed by university.
This report presents a comprehensive overview, market shares, and growth opportunities of Patent and Trademark Renewals Services market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Patent Renewal
Trademark Renewal
Segmentation by application
Enterprise
Research Institute
University
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Clarivate (CPA Global)
NovumIP (Novagraaf & PAVIS)
Dennemeyer
Questel
Murgitroyd
Anaqua
Computer Packages Inc
MaxVal Group
Page, White & Farrer
Acumass
IP Centrum Limited
Beijing Guozhuan Intellectual Property
Shanghai Patent & Trademark Law Office
YOGO IP

Please note: The report will take approximately 2 business days to prepare and deliver.