Global Enterprises Intellectual Property (IP) Management Software Market Size By Deployment (On-premises and Cloud-based), Services (Consulting Services, Development & Implementation Services, Maintenance & Support Services), Applications (Patent Management, Trademark Management, and others), Industry Vertical (Healthcare, Electronics, and others), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030

Market Perspective

Global Enterprises Intellectual Property (IP) Management Software Market size was worth around USD 9.36 billion in 2022 and is anticipated to grow to around USD 16.51 billion by 2030 at a CAGR of around 7.35% between 2023 - 2030.

Intellectual property management software is safeguarded by legal protections such as copyright, trademark, trade secret, or software patent. This software empowers users and businesses to efficiently manage and safeguard their intellectual properties. Recognizing software as intellectual property grants owners greater control over its usage and distribution to the public. Unauthorized use can lead to financial losses for the software's owner or, in extreme cases, compromise the software itself. There are four primary types of intellectual property rights applicable to software: copyright, patents, trade secrets, and trademarks. Copyrights, patents, and trade secrets are employed to safeguard the software, while trademarks pertain to the names and symbols used to differentiate products within the intellectual property software market.

Key Insights

• Based on deployment, the cloud-based segment held the dominating position with the highest market value in 2022
• Based on services, the consulting services segment is expected to generate the largest share by 2030
• Based on applications, the patent management segment has dominated the market with the largest share in 2022
• On the basis of region, North America accounted for the largest market share in 2022

The Growing Influence of Paperless and AI Technology to Foster Market Growth

In 2022, The market is growing due to various factors, including the increasing adoption of paperless or cloud-based business models. This shift enables companies and enterprises to efficiently manage their intellectual properties and streamline processes. Additionally, the adoption of AI technology in intellectual property is playing a vital role. Advanced AI algorithms are being utilized to automate tasks such as patent searches and analysis, making the process more efficient and accurate. Another significant factor is the expansion of blockchain technology, which offers secure and transparent storage and verification of intellectual property rights. Moreover, the decreasing costs of data storage and the exponential growth of data are providing opportunities for enhanced intellectual property management.

Concerns Related to Lengthy Product Approval Process Restricts the Market Growth

The market expansion is facing obstacles due to a lack of awareness surrounding intellectual property (IP) systems and their potential utility. Many consumers remain unaware that intellectual property software offers a wide range of benefits beyond just protecting and managing intellectual property assets. This lack of understanding is particularly prevalent in emerging economies such as the Middle East & Africa, and Latin America. These factors are expected to hinder the growth of the market during the forecast period. Efforts to increase awareness and educate consumers about the advantages and value of intellectual property software will be crucial in overcoming these challenges and driving market expansion.

Recent Development

February 2021- TM Cloud Inc. updated its Document Management System with numerous new features. The following are some of the features: Another simple way to add documents to the TM Cloud DMS is to use the built-in selection interface to download them directly from the USPTO TSDR database. Statistical reports can be extracted from the documents, and so on.

Segmentation Analysis

Based on deployment, the market is bifurcated into on-premises and cloud-based. The cloud-based segment generated the dominating market share in 2022. Cloud-based solutions offer unparalleled flexibility and scalability, allowing businesses to adapt and scale their intellectual property management needs as required. The cloud-based approach eliminates the need for on-premises infrastructure and offers easier accessibility, enabling users to access and manage their intellectual property assets from anywhere, anytime. Cloud-based solutions provide enhanced security measures, ensuring the protection of sensitive intellectual property data. Furthermore, the cost-effectiveness and reduced IT maintenance burden associated with cloud-based deployments make them highly attractive to businesses of all sizes.

Based on services, the market is segmented into consulting services, development & implementation services, and maintenance & support services. The consulting services segment is dominating the market. Businesses recognize the value of expert guidance and specialized knowledge when it comes to intellectual property management. Consulting services offer strategic advice, tailored solutions, and industry insights to help businesses maximize the value of their intellectual property assets. They assist in developing effective IP strategies, conducting patent searches, managing portfolios, and navigating complex legal and regulatory landscapes. Their expertise and experience make them a trusted partner for businesses, leading to the dominance of the consulting services segment in the market.

Based on application, the market is divided into patent management, trademark management, and others. Patent management is the fastest-growing segment and is expected to grow with the highest CAGR in the forecast period. There is an increasing focus on intellectual property protection and management, particularly in industries with a high volume of patents such as technology, healthcare, and automotive sectors. The patent management segment provides comprehensive solutions for efficiently managing patent portfolios, conducting patent searches, analyzing competitors' patents, and streamlining the patent application and prosecution process, making it the fastest-growing segment in the market.

Regional Landscape

North America is Leading the Market in 2022

North America holds the top position as the largest market for enterprise intellectual property (IP) management software in 2022. There is an increasing awareness among end-users about the importance of intellectual property and its effective management. Additionally, the U.S. and Canada have a significant number of Internet users, creating a favorable environment for the adoption of IP management software. Moreover, the presence of renowned companies like CPA Global, Anaqua Inc., and Questel in the United States adds to the market strength of the region. Another contributing factor is the growing number of intellectual property offices in North America, accounting for over one-fifth of all IP offices worldwide in 2021, as reported by the World Intellectual Property Organization (WIPO).

Asia-Pacific Emerges as the Second-Largest Market in 2022

The Asia-Pacific region has positioned itself as the second-largest market for enterprise intellectual property (IP) management software in 2022. The region is home to a significant number of IT and telecom companies, as well as numerous automobile manufacturing plants, particularly in countries like China, Japan, and India. The Indian government's release of the National IPR Policy in 2016-17 has placed a strong focus on various aspects such as awareness, IPR generation, commercialization, enforcement, human capital development, legal and legislative reforms, and IPR administration. This comprehensive program is expected to facilitate the expansion of the Asia-Pacific intellectual property software market, contributing to its rise as a major market in the industry.

Competitive Landscape

The global enterprises intellectual property (IP) management software market is fragmented with key players such as Anaqua Inc., CPA Global Limited, IPfolio, Patrix AB, AppColl, Inc., Ambercite, IP Checkups, Inc., Clarivate Analytics, Alibaba Group, Wellspring Worldwide, amongst others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

The global enterprises intellectual property (IP) management software market is segmented as follows:

By Deployment

• On-premises
• Cloud-based

By Services

• Consulting
• Development & implementation services
• Maintenance & support services

By Applications

• Patent management
• Trademark management
• Others

By Industry Vertical

• Healthcare
• Electronics
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • North America
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America