Innovations and inventions are prominently igniting the market dynamics of the worldwide patent analytics market, which enables the subject market to record an astonishing CAGR of 14.4% through 2034. It will lift the market size from USD 1,715.8 million to USD 6,570.3 million.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | USD 1,715.8 million |
Projected Market Value in 2034 | USD 6,570.3 million |
Value-based CAGR from 2024 to 2034 | 14.4% |
The historical market conditions suggest that the market size elevated from USD 961.3 million to USD 1521.3 million from 2019 to 2023. This propulsion can be attributed to the impressive historical CAGR of 12.2%.
The pandemic primarily surged the demand for the IT sector as several industries shifted toward digital media. Due to this, the innovation scope levitated in the era, leveraging the market growth.
Another critical driving force was the R&D activities in the healthcare sector and other allied industries. Due to rapid developments and increased patent filing, the subject market was propelled at a substantial rate.
Historical CAGR from 2019 to 2023 | 12.2% |
---|---|
Forecast CAGR from 2024 to 2034 | 14.4% |
The forecasted period deals with the increased awareness regarding the IP market. Organizations have become aware of its importance and necessity. This generates a great demand for patent analytics, driving the subject market.
The growth of the technological framework levitates the growth prospects for innovation in different sectors. Also, rapidly growing industries, including the automotive sector, the green energy industry, and other key markets, generate demand for innovation, creating more growth prospects for the subject market.
North America is the largest market for the patent analytics market. Technology being developed strongly in the region creates a strong framework supporting storage and processing patents. Moreover, government aid propels the market progress, making the region lead the global market.
Asia Pacific is emerging as a market leader for the subject market. Emerging and developing countries provide a better platform for patent analytics, elevating the market size in the region. Europe also substantially contributes to the subject market due to the presence of various developed countries in the continent.
Forecast CAGRs from 2024 to 2034
Countries | Forecasted CAGR |
---|---|
The United States of America | 11.2% |
Germany | 9.8% |
China | 14.9% |
Japan | 9.1% |
Australia | 17.9% |
Category | Patent Analytics Software |
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Market Share in 2024 | 72.4% |
Market Segment Drivers |
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Category | Large Enterprises |
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Market Share in 2024 | 58.2% |
Market Segment Drivers |
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Many service-providers and a few product manufacturers mainly govern the patent analytics market competition. Different competitors clutter the market, expanding in the market using several tactics. Strategic collaboration is a key market expansion strategy, followed by mergers and acquisitions.
The new entrants are needed to develop a market niche through their offerings. However, reduced investment costs and growing governmental support will leverage their negotiating power.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 1,715.8 million |
Projected Market Valuation in 2034 | USD 6,570.3 million |
Value-based CAGR 2024 to 2034 | 14.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD million |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | By Component, By Enterprise Size, By Industry, By Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Anaqua Inc.; Clarivate Analytics Plc.; Harrity & Harrity LLP; LexisNexis; Ocean Tomo LLC; IPlytics GmbH; PatSnap Pte. Ltd; Gridlogics Technologies Pvt. Ltd.; Minesoft Ltd; QUESTEL SAS; PatentSight GmbH; Dolcera Information Technology Services Pvt. Ltd; Einfolge Technologies Pvt Ltd.; IDTechEx Ltd. |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Enterprise Size, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Component, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Industry, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 17: Global Market Attractiveness by Component, 2024 to 2034
Figure 18: Global Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 19: Global Market Attractiveness by Industry, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Component, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by Industry, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 37: North America Market Attractiveness by Component, 2024 to 2034
Figure 38: North America Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 39: North America Market Attractiveness by Industry, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Component, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by Industry, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Component, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 59: Latin America Market Attractiveness by Industry, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by Industry, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Component, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by Industry, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by Industry, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Component, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by Industry, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Component, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by Industry, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Component, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by Industry, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Component, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by Industry, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Component, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 139: East Asia Market Attractiveness by Industry, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Component, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Enterprise Size, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by Industry, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Enterprise Size, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Enterprise Size, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Enterprise Size, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Component, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Enterprise Size, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by Industry, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The patent analytics market is estimated to advance at a CAGR of 14.4% through 2034.
The patent analytics market is estimated to reach USD 6570.3 million by 2034.
The patent analytics market will reach USD 1715.8 million in 2024.
The patent analytics market's patent analytics software segment will hold 72.4% of the market space in 2024.
The patent analytics market's large enterprises segment will hold 58.2% of the market space 2024.
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