Patent Analytics Market to Exhibit a CAGR of 12.5% Between 2021 and
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Companies Profiled in the Global Patent Analytics Market are Anaqua Inc., Clarivate Analytics Plc, PatentSight GmbH, CPA Global, Gridlogics,, Harrity & Harrity LLP, IBM Corporation, Minesoft Ltd., Ocean Tomo, LLC, Wynne-Jones IP Ltd
Pune, India, Feb. 09, 2022 (GLOBE NEWSWIRE) — The global patent analytics market size is anticipated to reach USD 1,859.6 million by 2028 and exhibit a CAGR of 12.5% during the forecast period. The rising investments in patent filings due to increasing research activities across IT and telecommunications, healthcare, manufacturing, and other industries are expected to bolster the market growth. Fortune Business InsightsTM has presented this information in its report titled “Patent Analytics Market, 2021-2028”. The market size stood at USD 732.7 million in 2020 and is estimated to reach USD 817.0 million in 2021.
Moreover, several businesses across the globe are adopting and implementing advanced technologies, including Big Data Analytics, cloud computing, and Artificial Intelligence (AI) to offer advanced analytics tools. The rising adoption of these technologies is likely to boost market growth.
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Report Coverage-
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The report covers the market’s competitive landscape and profiles key market players accordingly.
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The report highlights the challenges and restraints to market growth and suggests strategies to overcome them.
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The report showcases the impact of the coronavirus outbreak and its effect on market’s growth.
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The report provides information on the key market trends and latest industry developments.
Leading Global Players in the Patent Analytics Market:
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Anaqua Inc. (Massachusetts, U.S.)
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Clarivate Analytics Plc (Philadelphia, U.S.)
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PatentSight GmbH (New York, U.S.)
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CPA Global (New Jersey, U.S.)
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Gridlogics, (Pune, India)
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Harrity & Harrity LLP (Virgina, U.S.)
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IBM Corporation (New York, U.S.)
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Minesoft Ltd. (Richmond, England)
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Ocean Tomo, LLC (Chicago, U.S.)
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Wynne-Jones IP Ltd (Gloucestershire, England)
Report Scope & Segmentation
Report Coverage |
Details |
Forecast Period |
2021 to 2028 |
Forecast Period 2021 to 2028 CAGR |
12.5% |
2028 Value Projection |
USD 1859.6 Million |
Base Year |
2020 |
Blockchain Market Size in 2020 |
USD 732.7 Million |
Historical Data for |
2017 to 2019 |
No. of Pages |
137 |
Segments covered |
Component, Organization Size, End-Users and Geography |
Blockchain Market Growth Drivers |
Annually Rising Patent Filing Investment to Fuel Market Growth |
Presence of Key Players to Complement Growth in North America |
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Key Players Unveil New Offerings to Acquire Growth |
COVID-19 Impact-
The global market for patent analytics has been significantly affected by the COVID-19 pandemic. The lockdowns and curfews imposed by the governments of several nations resulted in hindered research and development activities, which negatively impacted the market growth. Various business sectors reported declined revenues during the pandemic. Nonetheless,…
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