Global Patent and Trademark Renewals Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Patent and Trademark Renewals Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Patent and trademark renewal service refer to the patent and trademark renewal service company that manages the ongoing patent and trademark management work for customers through its own unique software and services, and one-stop processing the client company from the application stage to expiration Patent and trademark affairs, master patent and trademark arrangements and pay renewal fees.

Market Overview:

The latest research study on the global Patent and Trademark Renewals Services market finds that the global Patent and Trademark Renewals Services market reached a value of USD 6192.25 million in 2022. It’s expected that the market will achieve USD 10791.67 million by 2028, exhibiting a CAGR of 9.7% during the forecast period.

Affect the normal operation of the industry

With the coronavirus pandemic destroying businesses around the world, every industry looks set to suffer its consequences. The raging COVID-19 has plunged the global economic environment into depression, and due to unstable economic conditions, most business expansions have been postponed or canceled, whether it is a large enterprise or a small and medium enterprise. This has brought many uncertainties to the patent and trademark renewal service industry and has brought certain interference to the normal operation and development of the industry.

Optimization of the company's business operations for patents and trademarks

With the development of more advanced technology, the protection and management of patent and trademark creation have become the task of every enterprise to ensure faster commercialization of the developed patents and trademarks, which means that more companies are expected to rely on the latest technology. And the companies strategic focus is on protecting its patent and trademark assets. However, internal IP management is a huge resource-demanding task and requires a lot of investment. Outsourcing patent and trademark management can help companies reduce costs, increase productivity and increase profitability. Therefore, the company's increasing emphasis on its own unique patents and trademarks has increased the company's demand for effective and efficient management of patents and trademarks, thereby promoting the development of the patent and trademark renewal service industry.

Expanding demand for professionals

With the development of the industry and the rising demand for patent and trademark renewal services, it is bound to promote the increase in demand for industry talents. At the same time, with the continuous advancement of globalization, companies may need to manage the renewal of various patents and trademarks across multiple jurisdictions, so they need to know more about the process and requirements of trademark renewal in different countries and regions. Talents have higher requirements and this factor may impose certain restrictions on the development of the patent and trademark renewal service industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (51.17% in 2021).

Company Overview:

CPA Global is one of the major players operating in the Patent and Trademark Renewals Services market, holding a share of 0.56% in 2022.

CPA Global

CPA Global is the worlds leading IP management and technology company. Trusted by many of the worlds most respected corporations and law firms, CPA Global empowers a global community to achieve excellence in IP management. Delivering integrated Innovation and IP Portfolio software, services and insights across the entire Idea Lifecycle, supporting customers every step of the way to realize the value of their ideas.

IP Pragmatics

IP Pragmatics is a top renewal portal that can handle different renewal workflows. The service provides unlimited user access, including report insights and responsive formalities experts to support the management of user patent renewal portfolios.

Segmentation Overview:

The Trademark Renewals Services segment by type showed a value growth of 12.61% in 2021.

Application Overview:

By application, the Large Enterprise segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Patent and Trademark Renewals Services market covered in Chapter 3:

Anaqua
NovumIP
Questel
IP Pragmatics
Acumass
Page White and Farrer
IP Centrum Limited
Murgitroyd
MaxVal Group
CPA Global
Dennemeyer

In Chapter 4 and Chapter 14.2, on the basis of types, the Patent and Trademark Renewals Services market from 2018 to 2029 is primarily split into:

Patent Renewals Services
Trademark Renewals Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Patent and Trademark Renewals Services market from 2018 to 2029 covers:

Large Enterprise
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)