Intellectual Property Services size estimation By company share Analysis
Intellectual property refers to the establishment by individual minds in the form of artistic and literary work, inventions, symbols, images, concepts, names, and designs that are primarily used in the commerce sector. The intellectual property service market aims to foster a productive environment wherein innovation is prized and creativity is fostered. The growing adoption of outsourced services to protect the IP rights and privileges are factors expected to fuel the intellectual property services market growth over the forecast period.
Intellectual property, privacy, security, and customer protection are major factors that need to be considered to promote a digital economy. Thereby, a rise in the adoption of IP services in the digital economy is anticipated to boom intellectual property services market growth. However, the high costs of outsourcing intellectual property may hinder the growth of the global intellectual property service market. Moreover, the rising signing of contracts, collaborations, mergers, and acquisitions coupled with the growing trend of renting intellectual property is also propelling the growth of the intellectual property service market.
The global intellectual property services market is segmented on the basis of IP type, service type, enterprise size, end-user. On the basis of IP type the market is segmented as patents, trade marks, copyright, designs. On the basis of service type the market is segmented as IP protection and management, IP due diligence, IP valuation, IP landscape. On the basis of enterprise size the market is segmented as SMEs, large enterprises. On the basis of end-user the market is segmented as automobile, BFSI, IT and telecom, healthcare, media and entertainment, government, semiconductor, manufacturing, others
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