Patent and Trademark Renewals Services Market are crucial intellectual property rights of businesses and institutions. Patent and trademark renewal services help proprietor preserve rights that are only given to a registered mark or patent. Registration of patent or trademarks provides enhanced protection to proprietor from claims of infringement and deters other from exploiting the products or processes registered within a patent or trademark. IP renewal services also offer better control and management of patent annuities, rising flexibility in periodic renewal notifications and filings, data, and reports, among others. Patent and trademark renewal services are available at affordable costs and are managed by a professional team of agents. Patent and trademark renewal services also mitigate the risks and overdue that are associated with renewal of intellectual property assets. Over the recent years, robust platform and management software have been developed to manage IP portfolio in a reliable and secure way and this has contributed to the revenue growth of the market going ahead.
Factors influencing the growth of the Patent and Trademark Renewal Services market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Patent and Trademark Renewal Services market. The report discusses in detail the positive and negative impact of the pandemic on the Patent and Trademark Renewal Services industry. The supply chain disruptions and economic volatility have altered the dynamics of the Patent and Trademark Renewal Services industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Some Key Highlights in the Report:
- Patent renewal segment to account for largest revenue share in the global market over the forecast period owing to increasing patent registrations from various end-use sectors such as healthcare, automotive, and IT, among others.
- Medical and pharmaceutical industry segment is expected to register a robust revenue CAGR over the forecast period. Due to increasing RD activities and development of advanced medical products such as medical devices, stents, implantable devices and processes such as surgical and interventional processes, a large number of patents are filed across the healthcare sector and this is significantly contributing to the revenue growth of the segment.
- North America is expected to account for largest revenue share in the global market attributed to increasing number of patent and trademark registrations, availability of cost-effective patent and trademark renewal services, and low fee regulations set by the United States Patent and Trademark Office to resolve any undue burden on patentees.
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The Patent and Trademark Renewal Services research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the Patent and Trademark Renewal Services report are:
Clarivate (CPA Global), NovumIP, Dennemeyer, Questel, Murgitroyd, Anaqua, Computer Packages, Inc., MaxVal Group, Page, Whie, and Farrer, Acumass, and IP Centrum Limited.
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
For the purpose of this report, Emergen Research has segmented the global patent and trademark renewal services market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million; 2018-2028)
- Patent Renewal
- Trademark Renewal
Application Outlook (Revenue, USD Million; 2018-2028)
- Semiconductor Electronics Industry
- Food Beverage Industry
- Construction Industry
- Entertainment Industry
- IT Industry
- Medical Pharmaceutical Industry
- Others
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Patent and Trademark Renewal Services market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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