Effective intellectual property (IP) management is essential to achieve competitive edge in the market. The highly competitive business environment is influencing companies to invest in technologies that ensure businesses and IP management strategies are categorically aligned to ensure smooth functioning of the organization.
Enterprise management of intellectual property assets is gaining traction globally, as companies are realizing that unlicensed public usage can be detrimental to the entire business strategy.
Enterprise Intellectual Property Management Software Market: Drivers & Restraints
IP management software provides collaborative IP management services for different corporate requirements. Increasing emphasis on protection and management of intellectual property portfolio is driving the growth of the global enterprise intellectual property management software market.
Adoption of enterprise management of IP is gaining traction, as more organizations focus on organizing their IP assets. Changing perceptions on IP has also changed the way the company operates. While IP is a very important aspect of the business, Many businesses have boosted their bottom-line by monetising their IP assets.
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The importance of staying competitive and widespread implementation of smart system management is encouraging software developers to invest in intellectual property management software. High-end operations and large-scale organizational functions are accelerating the adoption of these technologies in the end-use industries. In addition, in the case of a product, the customer is not allowed to use the software or the software .
The market is one of the world’s leading companies. For instance, the industry pioneer IPPrompt has entered into a partnership with ProspeQt- a Brazilian player, to grow its presence in the emerging market of South America. However, with all the associated services, the service providers will be able to meet the needs of their customers. High initial investment can impede the growth of the market during the period.
Enterprise Intellectual Property Management Software Market : Segmentation
The global enterprise intellectual property management software market is segmented on the basis of module, service type, and end-user.
By module type, the global intellectual property management software market is segmented in:
- patent
- Trademark
- design
- copyright
- Litigation
- IPAB (Intellectual Property Appellate Board)
- Others
By service type, the intellectual property management software market is segmented into:
- Development and implementation
- Consulting
- Support and Maintenance
By end-user, the intellectual property management software market is segmented into:
- Banking and Financial Services (BFSI)
- Energy
- Aerospace and Defense
- Oil and Gas
- Electronics and Semiconductors
- automotive
- HealthCare
- Others
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Enterprise Intellectual Property Management Software Market: Region-wise Outlook
The global enterprise intellectual property management software market is projected to register a favourable growth through the forecast period, 2016? 2026. North America is projected to maintain its lead in the global intellectual property management software market. Asia Pacific region is expected to increase its dominance in terms of growth.
Enterprise Intellectual Property Management Software Market: Key Players
Some of the key players in the global intellectual property management software market are: Anaqua, Inc., Patrix AB, IPfolio, SimpleLegal, Pattsy, FlexTrac, Lecorpio, WebTMS, and CPA Global (Patrafee).
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