Global Intellectual Property Market: Overview
The term “intellectual
property” refers to creations by individual minds in the form of
artistic and literary work, inventions, symbols, images, concepts, names, and
designs that are primarily used in commerce. Law defines intellectual property
as intangible rights that protect the creations of the human mind and
intellect, such as patented inventions and copyrightable works. The aim of this
law is to foster a productive environment wherein innovation is prized and
creativity is fostered.
Intellectual property rights such as trademarks, patents,
and copyrights not only enable people to earn financial rewards, but more
importantly, promote recognition of their work. When artists and writers come
up with a new book, painting, music compositions, or a graphic design, they can
protect their work from infringement, misuse or unauthorized use by issuing a
copyright. On the other hand, patents are rights granted for inventions,
encouraging private investments by forbidding the production and distribution
of new, unprecedented technological information by other entities.
The report discusses the key market opportunities, trends,
growth drivers, and challenges faced by the global intellectual property
market. The market attractiveness, supply and demand dynamics, competitive
landscape, market forecasts, and detailed discussions of the leading market
segments are included in the report. The report leverages Porter’s Five Force
analysis in order to gauge the level of competition between the market players.
The market shares and product portfolios of the major companies have also been
analyzed.
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The global market for intellectual property has been
segmented on the basis of geography and type of property. Based on type of
property, copyrights, trade secrets, patents, trademarks, and trade dress can
be the key segments
Global Intellectual Property Market: Drivers and
Restraints
Registration and protection of intellectual property has
been a major concern amongst leading business organizations owing to the
disputes that can arise during signing of contracts, collaborations, mergers,
and acquisitions. Intellectual property can prove to be a significant asset for
business organizations. It can be a tool for forging a distinctive image in the
minds of potential customers. This is because intellectual property rights
enable customers to distinguish a firm by ascribing certain qualities to its
products and services.
Renting of intellectual property has emerged as a leading
trend in the global intellectual property market. Intellectual property rights
also aid a company in marketing its products overseas and building a loyal
clientele, thereby gaining more profits. Therefore, several business
organizations are investing in this domain, contributing towards market growth.
On the other hand, the growth of the global market for
intellectual property might be obstructed on account of the high costs of
copyrights and licenses. However, the negative impact of this restraint will be
nullified as the popularity of online intellectual property increases over the
forthcoming period. The emergence of patenting funds is also expected to
furnish substantial opportunities.
Global Intellectual Property Market: Regional Outlook
Based on geography, the global market for intellectual
property has been segmented into Europe, North America, Asia Pacific, and the
Rest of the World (RoW). The robust growth in industrialization in developing
countries of Asia Pacific is likely to bring in significant opportunities as
several institutions and commercial organizations will gradually ensure that
intellectual property rights are protected. Several developing and developed
nations have been encouraging the implementation of these laws. In the U.S.,
for instance, the America Invents Act passed in September 2011 ensures that the
third party patent-related information is collected and registered with the
United States Patent and Trademark Office (USPTO).
Some of the leading companies operating in the global
intellectual property market are Morrison & Foerter LLP, Irell &
Manella LLP, WilmerHale, and Quinn Emanuel Urquhart & Sullivan, LLP.
Key segments of the Global Intellectual Property market
Intellectual property market, by type:
- Patents
- Trademarks
- Copyrights
- Trade
dress
- Copyrights
- Trade
secrets
This report gives you access to decisive data such as:
- Market
growth drivers
- Factors
limiting market growth
- Current
market trends
- Market
structure
- Market
projections for the coming years
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Key highlights of this report
- Overview
of key market forces propelling and restraining market growth
- Up-to-date
analyses of market trends and technological improvements
- Pin-point
analyses of market competition dynamics to offer you a competitive edge
- An
analysis of strategies of major competitors
- An
array of graphics and SWOT analysis of major industry segments
- Detailed
analyses of industry trends
- A
well-defined technological growth map with an impact-analysis
- Offers
a clear understanding of the competitive landscape and key product
segments
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