Patent and Trademark Renewals Services Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Clarivate (CPA Global), Acumass, NovumIP (Novagraaf & PAVIS)

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Patent and Trademark Renewals Services Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 14.8% during the review period (2022 to 2027)

Patent and Trademark Renewals Services Market Overview:

Patents and trademarks are two of the most essential intellectual property assets and the most lucrative investments that organisations can make. Renewals of patents and trademarks protect rights that are exclusively accessible to registered marks and patents. In the event that the registration is not renewed, the proprietor loses the protection that comes with it. Registration also protects the owner against infringement claims and

discourages others from using the mark. Patent rights must be renewed on a regular basis by paying patent annuities. The availability of safe, digital, and user-friendly patent and trademark renewal services provides a cost-effective alternative to traditional IP renewal providers, allowing proprietors to have a comprehensive overview and control over their patent and trademark portfolio. IP renewal registration procedure, lower IP renewal costs, and nenhance process efficiency have greatly raised demand for trademark and patent renewal services and are likely to fuel market expansion throughout the projection period.As there is a rise in technological advancements, many product launches are happening worldwide. It has also contributed to the rising demand for patent filing. Therefore, it is the most crucial factor driving the market developments.

Who are the Major Players in Patent and Trademark Renewals Services Market?

The Patent and Trademark Renewals Services Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: Clarivate (CPA Global), Acumass, NovumIP (Novagraaf & PAVIS), Questel, Murgitroyd, Dennemeyer, MaxVal Group, Anaqua, White & Farrer, Computer Packages Inc, IP Centrum Limited and Others.

Industry News:

Anaqua Acquires OP Solutions, Eyeing IP Expansion Into Midsized, Small Firms

Earlier this week, intellectual property management solution provider Anaqua announced it acquired OP Solutions, a fellow competitor in the IP management tech space.The financial terms of the acquisitions were not disclosed, but Anaqua noted it will continue to offer OP Solutions’ Pattsy Wave IP management software alongside its other proprietary brands, which include IP management software AQX Corporate and AQX Law Firm, patent search and analytics tool AcclaimIP and mobile solution ideaPoint.

What are the major Applications, Types and Regions for Patent and Trademark Renewals Services Market?

By Type, it is segmented into

• Patent Renewals


• Trademark Renewals

By Applications it is segmented into

• Corporate


• Research Institute


• University


• Others

Patent and Trademark Renewals Services Market Regional Analysis

In 2020, North America will have the greatest revenue share in the worldwide market. The increasing number of patent and trademark registrations as a result of increased R&D activities and product launches, as well as the presence of key market players in the region, are key factors contributing to North America's revenue share of the global patent and trademark renewals services market. Furthermore, low patent renewal/maintenance costs imposed by the United States Patent and Trademark Office to avoid undue financial stress on patentees are a crucial element contributing to the market's revenue development. Due to increased R&D efforts and product improvements, as well as the resulting growth in patent and trademark registrations, Asia Pacific is likely to post a consistent revenue CAGR during the projection period. The availability of a comprehensive suite of IP renewal services at reasonable prices, including advice on patentability of inventions, filing and prosecution of patent applications, and proper renewal service guidance, has increased their adoption across APAC countries and contributed to the APAC market's revenue growth.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Patent and Trademark Renewals Services Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Patent and Trademark Renewals Services Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Patent and Trademark Renewals Services Market Report Scope?

Key Takeaways from this Patent and Trademark Renewals Services Market Report

• Evaluate Patent and Trademark Renewals Services market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Patent and Trademark Renewals Services market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Patent and Trademark Renewals Services Market is studied from 2017 - 2027.

What is the growth rate of Patent and Trademark Renewals Services Market?

The Patent and Trademark Renewals Services Market is growing at a CAGR of 14.8% over the next 5 years.

Who are the leading key players in Patent and Trademark Renewals Services Market?

Clarivate (CPA Global), Acumass, NovumIP (Novagraaf & PAVIS), Questel, Murgitroyd, Dennemeyer, MaxVal Group, Anaqua, White & Farrer, Computer Packages Inc, IP Centrum Limited and Others.

What regions regions does this Patent and Trademark Renewals Services Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Patent and Trademark Renewals Services Market?

Patent Renewals, Trademark Renewals

What are the significant Applications of Patent and Trademark Renewals Services Market?

Corporate, Research Institute, University, Others

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