Get 20% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

What key factors are powering the surge in the patent analytics market right now?

The size of the patent analytics market has witnessed rapid expansion in the previous years. The market is estimated to expand from its previous worth of $1.07 billion in 2024 to $1.20 billion in 2025, showing a compound annual growth rate (CAGR) of 12.5%. Factors contributing to this growth during the historical period includes the escalating demand for cutting-edge technologies, the integration of AI and big data, a higher number of patent filings, an increase in research and development activities, and a heightened demand for professional intellectual property solutions.

How fast Is the patent analytics market expected to grow, and what’s its future value?

Expectations are high for an accelerated expansion of the patent analytics market in the upcoming years. By 2029, it is predicted to escalate to a size of $1.90 billion, at a compound annual growth rate (CAGR) of 12.2%. This projected growth within the estimated period is largely due to factors such as increasing patent filings and patent litigations, industry-wide digitalization, and a surge in demand for personalized services together with increased investments in research and development. The period is also likely to witness major trends like the rising use of AI in patent analytics, heightened focus on IP security, increased reliance on cloud computing, a surge in patent filings which boosts demand for patent monitoring, and technological evolution in the spheres of information and communication.

Get your patent analytics market report here!

https://www.thebusinessresearchcompany.com/report/patent-analytics-global-market-report

What are the leading drivers of growth in the patent analytics market?

The growth of the patent analytics market is anticipated to be driven by the escalating number of patent filings. Submitting an application to secure legal rights for an invention, which awards the applicant exclusive authority and protection for a set timeframe, is known as patent filing. This surge in patent filings can be linked to various factors, including enhanced R&D expenditure, growing consciousness about Intellectual Property (IP), and the emergence of patent trolls. Patent analytics benefits in recognizing prior inventions, evaluating patent eligibility, and constructing solid claims to reinforce patent filing tactics. For instance, the World Intellectual Property Organization (WIPO), a Switzerland-based intergovernmental organization, revealed that global patent filings rose by 2.7% in 2023, totaling roughly 3.6 million by August 2024. As a result, the patent analytics market’s growth is being accelerated by the rising quantity of patent filings.

What are the key segments defining the patent analytics market?

The patent analytics market covered in this report is segmented –

1) By Component: Solutions, Services

2) By Deployment Type: On-Premises, Cloud-Based

3) By Enterprise Size: Large Enterprises, Small And Mid-Sized Enterprises (SMEs)

4) By Application: Competitive Intelligence, Technology Landscape Analysis, Patent Valuation, Litigation Support

5) By End-User: Corporates, Research Organizations, Intellectual Property Firms, Government Agencies

Subsegments:

1) By Solutions: Patent Search And Analytics Software, Patent Valuation Solutions, Competitive Intelligence Solutions, Patent Mapping And Landscape Tools, IP Portfolio Management Solutions

2) By Services: Patent Search Services, Patent Licensing And Monetization Services, Patent Litigation Support Services, Patent Strategy And Consulting Services, Patent Filing And Prosecution Services

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=20916&type=smp

Who are the key players steering the development of the patent analytics market?

Major companies operating in the patent analytics market are Clarivate Plc, LexisNexis, IP.com, Patsnap, Anaqua Inc., TechInsights Inc., QUESTEL SAS, Sagacious IP, MaxVal Group Inc., RPX Corporation, Wynne-Jones IP Ltd., Ocean Tomo LLC, Minesoft Ltd., IDTechEx Limited, Excelon IP, Coller IP, Harrity & Harrity LLP, Patent iNSIGHT Pro, IPlytics GmbH, Dolcera, PatSeer Technologies Pvt. Ltd.

How are evolving market trends shaping patent analytics Strategies?

Major companies operating in the patent analytics market are focusing on developing advanced artificial intelligence-powered patent search solutions to enhance decision-making in intellectual property management. An AI-powered patent search solution leverages advanced technologies to streamline and automate patent database searches, allowing users to efficiently identify relevant patents, track innovation trends, and assess patentability with enhanced accuracy. For instance, in December 2024, Clarivate Plc, a UK-based provider of transformative intelligence, launched AI Search in Derwent. This advanced patent search tool integrates artificial intelligence with the Derwent World Patents Index (DWPI) to deliver more accurate and relevant patent search results. By utilizing a language transformer model, the tool understands the context of the input text, enabling intellectual property (IP) professionals to perform initial patentability searches, validate results, and explore unfamiliar technology categories more efficiently. The AI tool significantly enhances both the speed and accuracy of searches, allowing users to find relevant patents more quickly and make better-informed decisions during the patent research process.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20916

Which regions are most influential in expanding the patent analytics market?

North America was the largest region in the patent analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patent analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Predictive Analytics Global Market Report 2025

https://thebusinessresearchcompany.com/report/predictive-analytics-global-market-report

Life Science Analytics Global Market Report 2025

https://thebusinessresearchcompany.com/report/life-science-analytics-global-market-report

Aviation Analytics Global Global Market Report 2025

https://thebusinessresearchcompany.com/report/aviation-analytics-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: