Global Patent Search Software Market Size By Type (Paid Software, Free Software), By Deployment (Cloud-Based, On-Premises), By Services (Managed Services, Professional Services), By Application (Patentability Search, Invalidity Search), By Vertical (Mechanical, Automotive), By End-Users (Law Firms, Corporations), By Geographic Scope And Forecast
Report ID: 407502|No. of Pages: 202
Global Patent Search Software Market Size By Type (Paid Software, Free Software), By Deployment (Cloud-Based, On-Premises), By Services (Managed Services, Professional Services), By Application (Patentability Search, Invalidity Search), By Vertical (Mechanical, Automotive), By End-Users (Law Firms, Corporations), By Geographic Scope And Forecast
Patent Search Software Market Size And Forecast
Patent Search Software Market size was valued at USD 907.61 Million in 2023 and is projected to reach USD 2,282.62 Million by 2031, growing at a CAGR of 12.32% from 2024 to 2031.
With the increasing emphasis on innovation and intellectual property rights, companies and inventors are seeking robust tools to protect their inventions and avoid infringement and the rapid advancements in AI and ML Technologies have significantly enhanced the capabilities of patent search software are the factors driving the market growth. The Global Patent Search Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=407502
Global Patent Search Software Market Definition
Patent search software is a specialized digital tool designed to facilitate the exploration, analysis, and retrieval of patent-related information from vast databases of existing patents and patent applications. It is an important resource for individuals, businesses, and organizations working in innovation, intellectual property (IP) management, and legal activities. Fundamentally, patent search software allows users to search through large patent databases, including both domestic and foreign repositories, to find relevant patents about particular technologies, innovations, or ideas. Using a variety of search parameters, including keywords, patent categories, inventor names, assignees, publication dates, and citation networks, the database is checked throughout this procedure.
The software efficiently analyses patent papers and extracts relevant data by utilizing advanced search algorithms, natural language processing (NLP) techniques, and artificial intelligence (AI) capabilities. Titles, abstracts, claims, descriptions, legal status, citation information, and bibliographic information are frequently included in this process. Assessing the originality and patentability of an invention by comparing it with already-issued patents and prior art references is one of the main purposes of patent search software. To find out if their invention qualifies for patentability and to spot any roadblocks or difficulties throughout the patent application process, users can do searches using this software. Additionally, patent search software helps with infringement analysis, assisting users in determining if their technology or products could potentially breach others’ already-existing patents. It helps businesses make educated decisions about product development, licensing, and litigation tactics by enabling the identification of relevant patents, assessment of patent claims, and analysis of possible infringement risks.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=407502
Global Patent Search Software Market Overview
The Patent Search Software Market is experiencing significant growth, fueled by the ever-increasing volume of patent filings globally. Companies are constantly innovating, and effective patent search has become critical for navigating the complex intellectual property landscape. This software empowers businesses to make informed decisions regarding research and development (R&D), competitive analysis, freedom-to-operate assessments, and patent portfolio management. The market is driven by several key factors. Firstly, the rising number of patent applications worldwide necessitates robust search tools. Patent offices are witnessing a surge in filings, particularly in technology-driven sectors like healthcare and artificial intelligence.
This vast amount of data makes manual searching impractical, and patent search software offers a time-saving and efficient solution. Secondly, the growing emphasis on intellectual property (IP) protection is propelling market growth. Companies recognize the value of their inventions and are increasingly seeking patents to safeguard their competitive edge. Patent search software empowers them to identify potential conflicts with existing patents, ensuring they avoid infringement risks and optimize their patenting strategies. Advancements in artificial intelligence (AI) and machine learning (ML) are adding new dimensions to patent search capabilities. These technologies enable software to analyze vast datasets of patent information with greater accuracy and efficiency.
They can identify relevant patents based on keywords, classifications, and even semantic relationships, leading to more comprehensive and insightful searches. This trend is expected to further accelerate market growth as businesses seek advanced tools to gain a deeper understanding of the competitive landscape. The Patent Search Software Market is poised for continued expansion. The increasing adoption of cloud-based solutions, offering scalability and accessibility, is another factor contributing to market growth. Additionally, the growing focus on international patent filing necessitates software that can navigate the complexities of multiple patent offices and legal jurisdictions. As companies strive for global market reach, the demand for robust and versatile patent search tools is expected to remain high.
Global Patent Search Software Market: Segmentation Analysis
The Global Patent Search Software Market is Segmented on the basis of Type, Deployment, Services, Application, Vertical, End-Users, and Geography.
Patent Search Software Market, By Type
- Paid Software
- Free Software
To Get a Summarized Market Report By Type:- Download the Sample Report Now
Based on Type, the market is bifurcated into Paid Software, and Free Software. Paid software accounted for the largest market share of 69.91% in 2023, with a market value of USD 634.50 Million and is projected to grow at the highest CAGR of 12.96% during the forecast period. Free software caster was the second-largest market in 2022, valued at USD 273.11 Million in 2023; it is projected to grow at a CAGR of 10.70%.
Patent Search Software Market, By Deployment
- Cloud-Based
- On-Premises
To Get a Summarized Market Report By Deployment:- Download the Sample Report Now
Based on Deployment, the market is bifurcated into Cloud-Based, and On-Premises. Cloud-Based accounted for the largest market share of 65.58% in 2023, with a market value of USD 595.24 Million and is projected to grow at the highest CAGR of 13.06% during the forecast period. On-Premises was the second-largest market in 2022, valued at USD 312.37 Million in 2023; it is projected to grow at a CAGR of 10.80%.
Patent Search Software Market, By Services
- Managed Services
- Professional Services
Based on Services, the market is bifurcated into Managed Services, and Professional Services. Managed services accounted for the largest market share of 67.00% in 2023, with a market value of USD 608.05 Million and is projected to grow at the highest CAGR of 13.42% during the forecast period. Professional services were the second-largest market in 2022, valued at USD 299.56 Million in 2023; it is projected to grow at a CAGR of 9.79%.
Patent Search Software Market, By Application
- Patentability Search
- Invalidity Search
- Freedom To Operate (FTO) Search
- Patent Portfolio Analysis
- Others
Based on Application, the market is bifurcated into Patentability Search, Invalidity Search, Freedom To Operate (FTO) Search, Patent Portfolio Analysis, and Others.
Patent Search Software Market, By Vertical
- Mechanical
- Automotive
- Aerospace
- Chemical Industry
- Manufacture
- Life Sciences
- Others
Based on Vertical, the market is bifurcated into Mechanical, Automotive, Aerospace, Chemical Industry, Manufacture, Life Sciences, and Others.
Patent Search Software Market, By End-Users
- Law Firms
- Corporations
- Government Agencies
- Research Institutes
- Others
Based on End-Users, the market is bifurcated into Law Firms, Corporations, Government Agencies, Research Institutes, and Others.
Patent Search Software Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Regional Analysis, the Global Patent Search Software Market is classified into different regions which includes North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for the largest market share of 41.62% in 2022, with a market value of USD 339.29 Million and is projected to grow at a CAGR of 11.80% during the forecast period. With a robust innovation ecosystem and a high volume of patent filings, the demand for advanced search tools is substantial. According to the United States Patent and Trademark Office (USPTO), the number of utility patent applications filed in the US has been steadily increasing over the years. Europe was the second-largest market in 2022, with a value of USD 225.39 Million in 2022; it is projected to grow at a CAGR of 11.47%. Europe boasts a robust intellectual property landscape characterized by a high volume of patent filings across diverse industries. Furthermore, the European Union’s focus on promoting innovation and fostering a knowledge-based economy has contributed to the growth of the Patent Search Software Market.
Key Players
The “Global Patent Search Software Market” study report will provide a valuable insight with an emphasis on the Global market. The major players in the market are Clarivate, PatSnap, Questel, Google, LexisNexis, Relecura Inc., Patworld, Neustel Software, Inc, Patent Inspiration, Minesoft, Dennemeyer Group, Matheo Software, IP.com, IP Checkups, Iamip Sverige Ab., Gridlogics Technologies Pvt Ltd, Drugpatentwatch, Inteum Company, Llc, Inquartik Corporation, Ambercite Pty Ltd, Anaqua, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, benchmarking, and SWOT analysis.
Key Developments
- In April 2024, Anaqua expands AcclaimIP patent search with AI-powered capabilities. Anaqua continues to improve its sophisticated patent search engine, AcclaimIP, setting a new benchmark for patent search capabilities. AcclaimIP Patent Search, which focuses on giving patent searchers unrivaled control and help, provides access to a massive global patent database containing over 100 million patents.
- In October 2023, InQuartik Corporation announced an expansion of its PatentCloud offerings. The ‘Patent Summary’ function is intended to enhance patent experts’ capabilities by allowing them to easily delve into the complexity of previous art. By briefly summarising the core of each document and emphasizing key terms that are consistent with the claims of the linked patent-in-suit, ‘Patent Summary’ provides precision and clarity that is critical in decision-making moments equipment casters, Patent Search Software, and casters for use in logistics and industry.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Million) |
| Key Companies Profiled | Clarivate, PatSnap, Questel, Google, LexisNexis, Relecura Inc., Patworld, Neustel Software, Inc. |
| Segments Covered | By Type, By Deployment, By Services, By Application, By Vertical, By End-Users, and By Geography. |
| Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
To Get Customized Report Scope:-Request For Customization Now
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
• 6-month post-sales analyst support.
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 GLOBAL PATENT SEARCH SOFTWARE MARKET OVERVIEW
3.2 GLOBAL PATENT SEARCH SOFTWARE MARKET ESTIMATES AND FORECAST (USD MILLION), 2022-2031
3.3 GLOBAL PATENT SEARCH SOFTWARE MARKET ECOLOGY MAPPING
3.4 GLOBAL PATENT SEARCH SOFTWARE MARKET ABSOLUTE MARKET OPPORTUNITY
3.5 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.6 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY TYPE
3.7 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY DEPLOYMENT
3.8 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY SERVICES
3.9 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY APPLICATION
3.10 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY VERTICALS
3.11 GLOBAL PATENT SEARCH SOFTWARE MARKET ATTRACTIVENESS ANALYSIS, BY END USER
3.12 GLOBAL PATENT SEARCH SOFTWARE MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.13 GLOBAL PATENT SEARCH SOFTWARE MARKET, BY TYPE (USD MILLION)
3.14 GLOBAL PATENT SEARCH SOFTWARE MARKET, BY DEPLOYMENT (USD MILLION)
3.15 GLOBAL PATENT SEARCH SOFTWARE MARKET, BY SERVICES (USD MILLION)
3.16 GLOBAL PATENT SEARCH SOFTWARE MARKET, BY APPLICATION (USD MILLION)
3.17 GLOBAL PATENT SEARCH SOFTWARE MARKET, BY END USER (USD MILLION)
3.18 GLOBAL PATENT SEARCH SOFTWARE MARKET, BY VERTICALS (USD MILLION)
3.19 FUTURE MARKET OPPORTUNITIES
3.20 PRODUCT LIFELINE
4 MARKET OUTLOOK
4.1 GLOBAL PATENT SEARCH SOFTWARE MARKET OUTLOOK
4.2 MARKET DRIVERS
4.2.1 WITH THE INCREASING EMPHASIS ON INNOVATION AND INTELLECTUAL PROPERTY RIGHTS, COMPANIES AND INVENTORS ARE SEEKING ROBUST TOOLS TO PROTECT THEIR INVENTIONS AND AVOID INFRINGEMENT
4.2.2 THE RAPID ADVANCEMENTS IN AI AND ML TECHNOLOGIES HAVE SIGNIFICANTLY ENHANCED THE CAPABILITIES OF PATENT SEARCH SOFTWARE
4.3 MARKET RESTRAINTS
4.3.1 HIGH COSTS AND ACCESSIBILITY BARRIERS MAY HAMPER THE MARKET GROWTH
4.3.2 LEGAL AND REGULATORY CHALLENGES RESTRICT THE MARKET GROWTH
4.4 MARKET OPPORTUNITY
4.4.1 EMERGING MARKETS, PARTICULARLY IN REGIONS LIKE ASIA-PACIFIC AND LATIN AMERICA, ARE EXPERIENCING RAPID TECHNOLOGICAL ADVANCEMENTS AND INCREASED INNOVATION ACTIVITY
4.4.2 THERE IS A GROWING TREND TOWARDS THE INTEGRATION OF PATENT SEARCH SOFTWARE WITH OTHER TECHNOLOGIES AND PLATFORMS, SUCH AS COLLABORATION TOOLS, PRODUCT LIFECYCLE MANAGEMENT (PLM) SYSTEMS, AND INTELLECTUAL PROPERTY MANAGEMENT SOFTWARE
4.5 MARKET TRENDS
4.5.1 THERE IS A GROWING TREND IN THE PATENT SEARCH SOFTWARE MARKET IS THE INCREASING ADOPTION OF CLOUD-BASED SOLUTIONS.
4.6 PORTER’S FIVE FORCES ANALYSIS
4.6.1 THREAT OF NEW ENTRANTS
4.6.2 THREAT OF SUBSTITUTES
4.6.3 BARGAINING POWER OF SUPPLIERS
4.6.4 BARGAINING POWER OF BUYERS
4.6.5 INTENSITY OF COMPETITIVE RIVALRY
4.7 VALUE CHAIN ANALYSIS
4.8 PRICING ANALYSIS
4.9 MACROECONOMIC ANALYSIS
4.10 LIST OF PATENT SEARCH SOFTWARE VENDORS
5 MARKET, BY TYPE
5.1 OVERVIEW
5.2 GLOBAL PATENT SEARCH SOFTWARE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY TYPE
5.1 FREE SOFTWARE
5.2 PAID SOFTWARE
6 MARKET, BY DEPLOYMENT
6.1 OVERVIEW
6.2 GLOBAL PATENT SEARCH SOFTWARE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY DEPLOYMENT
6.3 CLOUD-BASED
6.4 ON-PREMISES
7 MARKET, BY SERVICES
7.1 OVERVIEW
7.2 GLOBAL PATENT SEARCH SOFTWARE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY SERVICES
7.3 PROFESSIONAL SERVICES
7.4 MANAGED SERVICES
8 MARKET, BY APPLICATION
8.1 OVERVIEW
8.2 GLOBAL PATENT SEARCH SOFTWARE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY APPLICATION
8.3 PATENTABILITY SEARCH
8.4 INVALIDITY SEARCH
8.5 FREEDOM TO OPERATE (FTO) SEARCH
8.6 PATENT PORTFOLIO ANALYSIS
8.7 OTHERS
9 MARKET, BY VERTICALS
9.1 OVERVIEW
9.2 GLOBAL PATENT SEARCH SOFTWARE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY VERTICALS
9.3 MECHANICAL
9.4 AUTOMOTIVE
9.5 AEROSPACE
9.6 CHEMICAL INDUSTRY
9.7 MANUFACTURE
9.8 LIFE SCIENCES
9.9 OTHERS
10 MARKET, BY END USER
10.1 OVERVIEW
10.2 GLOBAL PATENT SEARCH SOFTWARE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY END USER
10.3 LAW FIRMS
10.4 CORPORATIONS
10.5 GOVERNMENT AGENCIES
10.6 RESEARCH INSTITUTES
10.7 OTHERS
11 MARKET, BY GEOGRAPHY
11.1 OVERVIEW
11.2 NORTH AMERICA
11.2.1 NORTH AMERICA MARKET SNAPSHOT
11.2.2 U.S.
11.2.3 CANADA
11.2.4 MEXICO
11.3 EUROPE
11.3.1 EUROPE MARKET SNAPSHOT
11.3.2 GERMANY
11.3.3 FRANCE
11.3.4 UK
11.3.5 ITALY
11.3.6 SPAIN
11.3.7 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 ASIA PACIFIC MARKET SNAPSHOT
11.4.2 CHINA
11.4.3 JAPAN
11.4.4 INDIA
11.4.5 REST OF ASIA PACIFIC
11.5 LATIN AMERICA
11.5.1 LATIN AMERICA MARKET SNAPSHOT
11.5.2 BRAZIL
11.5.3 ARGENTINA
11.5.4 REST OF LATIN AMERICA
11.6 MIDDLE EAST AND AFRICA
11.6.1 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
11.6.2 UAE
11.6.3 SAUDI ARABIA
11.6.4 SOUTH AFRICA
11.6.5 REST OF MIDDLE EAST AND AFRICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 COMPANY MARKET RANKING ANALYSIS
12.3 COMPANY REGIONAL FOOTPRINT
12.4 COMPANY INDUSTRY FOOTPRINT
12.5 ACE MATRIX
12.5.1 ACTIVE
12.5.2 CUTTING EDGE
12.5.3 EMERGING
12.5.4 INNOVATORS
13 COMPANY PROFILES
13.1 ANAQUA, INC. (ACCLAIMIP)
13.1.1 COMPANY OVERVIEW
13.1.2 COMPANY INSIGHTS
13.1.3 SERVICE BENCHMARKING
13.1.4 KEY DEVELOPMENTS
13.2 AMBERCITE PTY LTD
13.2.1 COMPANY OVERVIEW
13.2.2 COMPANY INSIGHTS
13.2.3 SERVICE BENCHMARKING
13.3 INQUARTIK CORPORATION
13.3.1 COMPANY OVERVIEW
13.3.2 COMPANY INSIGHTS
13.3.3 SERVICE BENCHMARKING
13.3.4 KEY DEVELOPMENTS
13.4 INTEUM COMPANY, LLC
13.4.1 COMPANY OVERVIEW
13.4.2 COMPANY INSIGHTS
13.4.3 SERVICE BENCHMARKING
13.5 CLARIVATE
13.5.1 COMPANY OVERVIEW
13.5.2 COMPANY INSIGHTS
13.5.3 BUSINESS BREAKDOWN
13.5.4 SERVICE BENCHMARKING
13.5.5 WINNING IMPERATIVES
13.5.6 CURRENT FOCUS & STRATEGIES
13.5.7 THREAT FROM COMPETITION
13.5.8 SWOT ANALYSIS
13.6 DRUGPATENTWATCH
13.6.1 COMPANY OVERVIEW
13.6.2 COMPANY INSIGHTS
13.6.3 SERVICES BENCHMARKING
13.7 GOOGLE LLC
13.7.1 COMPANY OVERVIEW
13.7.2 COMPANY INSIGHTS
13.7.3 BUSINESS BREAKDOWN
13.7.4 SERVICES BENCHMARKING
13.8 GRIDLOGICS TECHNOLOGIES PVT LTD (PATENT INSIGHT PRO AND PATSEER)
13.8.1 COMPANY OVERVIEW
13.8.2 COMPANY INSIGHTS
13.8.3 SERVICE BENCHMARKING
13.9 IAMIP SVERIGE AB.
13.9.1 COMPANY OVERVIEW
13.9.2 COMPANY INSIGHTS
13.9.3 SERVICE BENCHMARKING
13.10 QUESTEL (ORBIT INTELLIGENCE)
13.10.1 COMPANY OVERVIEW
13.10.2 COMPANY INSIGHTS
13.10.3 SERVICE BENCHMARKING
13.10.4 WINNING IMPERATIVES
13.10.5 CURRENT FOCUS & STRATEGIES
13.10.6 THREAT FROM COMPETITION
13.10.7 SWOT ANALYSIS
13.11 RELECURA INC.
13.11.1 COMPANY OVERVIEW
13.11.2 COMPANY INSIGHTS
13.11.3 SERVICE BENCHMARKING
13.12 IP CHECKUPS.
13.12.1 COMPANY OVERVIEW
13.12.2 COMPANY INSIGHTS
13.12.3 SERVICE BENCHMARKING
13.13 IP.COM
13.13.1 COMPANY OVERVIEW
13.13.2 COMPANY INSIGHTS
13.13.3 SERVICE BENCHMARKING
13.14 LEXISNEXIS (RELX)
13.14.1 COMPANY OVERVIEW
13.14.2 COMPANY INSIGHTS
13.14.3 SERVICE BENCHMARKING
13.14.4 KEY DEVELOPMENTS
13.15 MATHEO SOFTWARE
13.15.1 COMPANY OVERVIEW
13.15.2 COMPANY INSIGHTS
13.15.3 SERVICE BENCHMARKING
13.16 DENNEMEYER GROUP (OCTIMINE)
13.16.1 COMPANY OVERVIEW
13.16.2 COMPANY INSIGHTS
13.16.3 SERVICE BENCHMARKING
13.17 MINESOFT (PATBASE)
13.17.1 COMPANY OVERVIEW
13.17.2 COMPANY INSIGHTS
13.17.3 SERVICE BENCHMARKING
13.17.4 KEY DEVELOPMENTS
13.18 PATENT INSPIRATION (AULIVE)
13.18.1 COMPANY OVERVIEW
13.18.2 COMPANY INSIGHTS
13.18.3 SERVICE BENCHMARKING
13.19 NEUSTEL SOFTWARE, INC
13.19.1 COMPANY OVERVIEW
13.19.2 COMPANY INSIGHTS
13.19.3 SERVICE BENCHMARKING
13.20 PATSNAP
13.20.1 COMPANY OVERVIEW
13.20.2 COMPANY INSIGHTS
13.20.3 SERVICE BENCHMARKING
13.20.4 KEY DEVELOPMENTS
13.20.5 WINNING IMPERATIVES
13.20.6 CURRENT FOCUS & STRATEGIES
13.20.7 THREAT FROM COMPETITION
13.20.8 SWOT ANALYSIS
13.21 PATWORLD
13.21.1 COMPANY OVERVIEW
13.21.2 COMPANY INSIGHTS
13.21.3 SERVICE BENCHMARKING
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
