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Dallas, Texas, Oct. 28, 2022 (GLOBE NEWSWIRE) — The market for patent analytics services market is anticipated to reach a value of $ 2987.9 million in 2031 and expand at a CAGR of 13.78% from 2021 to 2031. The demand for effective intellectual property (IP) management, growing public knowledge of IP rights, and the constantly shifting regulatory environment are all factors in the expansion.
Patent analytics services assist businesses in the analysis of substantial amounts of patent data and the conversion of that data into useful insights. The service providers provide a range of tools and technology to aid in finding, keeping track of, and managing patents. When it comes to their technology platform, infringement risk, freedom to operate, prior art searches, and licencing options, companies can benefit from using patent analytics services. Intellectual property (IP) needs to be managed effectively now more than ever. It has become challenging for businesses to maintain track of all the pertinent patents due to the ever-growing volume of patents and the complex global patent landscape. Patent analytics services can help in this situation. To maintain, manage, and evaluate patents, businesses might use patent analytics services.
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Report coverage & details:
Report Coverage | Details |
Historic Data | 2021-2022 |
Study Period: | 2021-2031 |
CAGR | CAGR of 13.78% during 2021-2031 |
Segment Covered | Component, End-user, Enterprise, End-use, Regions |
Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Key Players Profiled | Clarivate Analytics Plc, IBM Corporation, LexisNexis, and Anaqua |
Patent analytics services assist businesses in the analysis of substantial amounts of patent data and the conversion of that data into useful insights. The service providers provide a range of tools and technology to…
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