Software intellectual property, commonly known as software IP, is a computer program or code that is protected by law from unauthorized copying, theft, or other uses.
Global Intellectual Property Software Market is estimated to witness a rise in revenue from US$ 6,508.6 Mn in 2021 to US$ 22,658.5 Mn by 2030. The market is registering a CAGR of 15.78% during the forecast period 2022-2030.
The corporation that generated or obtained the rights to that code or software owns the intellectual property (IP) associated with it. Intellectual property rights play an important role in promoting innovation and protecting investment, in particular in the digital and green economy. In-house IP management is a time-consuming operation that necessitates significant investment. Whereas outsourcing IP management aids businesses in lowering costs, increasing productivity, and increasing profits. Moreover, individuals and corporations can avoid the expenditures of purchasing, installing, and maintaining expensive gear and software by using cloud computing.
The major factor responsible for the growth of the global intellectual property software market includes the rising awareness of intellectual property rights. The expansion of the intellectual property software industry is fueled by an increase in demand for a secure and well-documented system within a company. Moreover, the increased demand for secured and well-documented systems in organizations creates a lucrative growth trend in the market. Furthermore, the expansion of the intellectual property outsourcing industry is fueled by the rising demand for distinctive IPs for goods. However, complexity in maintaining the software, high cost of investment, poor rate of awareness, and data security are expected to hinder the market growth during the forecast period. As copyright protection is applicable to all computer source code and is not limited to a single language, the complexity of maintaining the software increases.
Challenges in maintaining the Intellectual Property Software
Report Summary
The study of the Global Intellectual Property Software Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the intellectual property software industry for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the Global Intellectual Property Software Market across 14 Chapters and 138 pages. The report includes data presentation across 24 tables and 46 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers and the threat of new entrants is high.
The subsequent section provides details of the market analysis based on different segments such as component, deployment type, end-user, and region. The report includes a detailed study of the value chain of the industry. It includes business strategy, competitive IP intelligence, IP roadmap, and education/ end-use. The report also covers extensively the key competitors in the market for intellectual property software.
Key Takeaways from the Global Intellectual Property Software Market Report
Competitive Landscape
The key players in the Global Intellectual Property Software Market are Anaqua Inc., AppColl Inc., ContinuxGmbH, CPA Global Limited, Gridlogics, InnovationAsset Group Inc, Inteum Company LLC, IPfolio Corporation, Lecorpio, PatrixAB, Patsnap Pte. Ltd., Questel, RightsLine Software, Inc., TM Cloud Inc., and WebTMS Limited among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on an emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
Global Intellectual Property Software Market is segmented based on component, deployment type, end-user and region. The industry trends in the global intellectual property software market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Intellectual Property Software Market:
By Component segment of the Global Intellectual Property Software Market is sub-segmented into:
By Deployment Type segment of the Global Intellectual Property Software Market is sub-segmented into:
By End-user segment of the Global Intellectual Property Software Market is sub-segmented into:
By Region segment of the Global Intellectual Property Software Market is sub-segmented into:
Patents, copyright, trade secrets, and trademarks are the four types of intellectual property rights.
Intellectual property is a legal technique to protect ideas or innovations for economic purposes by granting exclusive rights to the founders or inventors.
Increased demand for secured and well-documented systems in organizations is witnessing a rapid growth trend in the market.
The global intellectual property software market is studied from 2017-2030.
The growth rate of the global intellectual property software market is 15.78%, with an estimated value of US$ 22,658.5 Million by 2030.
North America held the major share in terms of revenue, in the global intellectual property software market in 2021.
Factors such as rising awareness of intellectual property rights drive the growth in the global intellectual property software market.
Complexity in maintaining the intellectual property software is a restraining factor that inhibits the growth of the market during the forecast period.
Component, deployment type, end-user, and region are the different segments of the global intellectual property software market.
The software segment is estimated to have the highest market share in 2021.
India is expected to project the highest CAGR in the Asia Pacific intellectual property software market during the forecast period.
The key players operating in the market include Anaqua Inc., AppColl Inc., ContinuxGmbH, CPA Global Limited, Gridlogics, InnovationAsset Group Inc, Inteum Company LLC, IPfolio Corporation, Lecorpio, PatrixAB, Patsnap Pte. Ltd., Questel, TM Cloud Inc. and WebTMS Limited among others.
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| Report ID: AA0622273 
