Patent Analytics Market to Exhibit a CAGR of 12.5% Between 2021 and

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 Insights^TM 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-

• The report covers the market’s competitive landscape and profiles key market players accordingly.

• The report highlights the challenges and restraints to market growth and suggests strategies to overcome them.

• The report showcases the impact of the coronavirus outbreak and its effect on market’s growth.

• The report provides information on the key market trends and latest industry developments.

Leading Global Players in the Patent Analytics Market:

• Anaqua Inc. (Massachusetts, U.S.)

• Clarivate Analytics Plc (Philadelphia, U.S.)

• PatentSight GmbH (New York, U.S.)

• CPA Global (New Jersey, U.S.)

• Gridlogics, (Pune, India)

• Harrity & Harrity LLP (Virgina, U.S.)

• IBM Corporation (New York, U.S.)

• Minesoft Ltd. (Richmond, England)

• Ocean Tomo, LLC (Chicago, U.S.)

• Wynne-Jones IP Ltd (Gloucestershire, England)

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Report Scope & Segmentation

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,…