The global patent and trademark renewal services market has registered US$ 4,578.1 million in 2020, and projected to reach at US$ 10,158.1 million by 2028, growing at a CAGR of 10.8 % during 2021-2028. According to World Intellectual Property Organization, a patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. Meanwhile, a trademark is a sign capable of distinguishing the goods or services of one enterprise from those of the other enterprises. Trademark registration provides an exclusive right for using the registered trademark. the patents and trademarks have to be renewed by paying the fees determined by the authority on a regular basis.
The global average for industrial robots per 10,000 manufacturing grew from 66 in 2015 to 85 in 2017. Automation has become essential in manufacturing and other sectors to improve productivity by eliminating human errors and human presence in the processes. Automation and various technologies are changing the nature of many jobs. Robots can do repetitive tasks more efficiently than humans. Introduction of robots can lead to the redeployment of many workers in other areas with new responsibilities. Introduction of robots led to increasing in productivity in Wing Enterprises up to 30%. With many developed countries bringing back the manufacturing processes from third world countries, they need automation to bring down the cost and improve productivity.
In recent years, many companies have adopted digital transformation to move away from paper-based bureaucracy to make organizations more transparent and efficient. However, it is causing more application backlog and serious bottlenecks for digital organizations. Improved training and productivity of coders, adding customer-friendly applications, and simultaneously adding new features and tasks after the applications go live helps in bringing down IT backlog. Likewise, there are IT backlog in various patent and trademark agencies as they transform from paper-based system to digital systems.
As countries are establishing stringent regulations related to automobile emissions, the onus is on automobile companies to adopt green technologies to meet the targets. Tesla has revolutionized the automobile industry with electric cars with autonomous driving technology. Many autonomous vehicles make use of radars, cameras, multiple sensors, lidars and artificial intelligence. Internet of Things make connected cars concepts viable as it allows communication between car and infrastructure, between car and traffic system and between cars and cars. It helps in smooth movement of autonomous vehicles. Moreover, most of the new urban transportation modes such as metro services, and mono rails are autonomous without drivers.
Based on type, the global patent and trademark renewal services market can be segmented into patent renewals and trademark renewals. The patent renewal segment is anticipated to be the dominant segment throughout the forecast period. Patent renewals are crucial for companies as separate patents are required for individual countries. The lapse of a patent in any important country will help the competitors to introduce similar technology or product without legal hassle in that country, even if patents are still active in other countries. Companies or research institutes or individuals spend a huge amount of money on research and development to develop new concepts, technologies, or products. Patents provide long-term exclusivity to the incumbent company for up to nearly 20 years in many sectors.
By application, the global patent and trademark renewal services market has been categorized into corporate, research institute, and university, among others. The corporate segment is anticipated to be the dominant segment throughout the forecast period. Big corporates tend to patent their invention with belief that it will bring them profit in the short, medium, or long term. It prevents their opponents from copying their invention or technology without authorization and the corporation benefits from the first-mover advantage in the market. Corporates with a presence in multiple countries apply for patents in multiple countries to prevent the appropriation of their technology or invention by others.
North America is the largest regional market for patent and trademark renewal services. The patents in the USA expire after 20 years from the application filing date subject to the payment of appropriate maintenance fees at regular intervals. According to US Patent and Trademark Office, 388,900 patents were granted in the USA in 2020. There were nearly 1.07 million trademark filings in 2019. USPTO has increased patent fees in 2020 and it is adjusting some patent fees for the fiscal year 2021. According to Canadian Intellectual Property Office, there were 68,277 trademark application filings in Canada in 2019. There were 36,488 patent filings in Canada in 2019.
Competitive Landscape
Some of the prominent companies involved in the global patent and trademark renewal services market include CPA Global (Clarivate), Anaqua, IP Pragmatics, Dennemeyer Group, IP Centrum Limited, Questel, MaxVal Group Inc, Acumass, and Spruson & Ferguson, NovumIP (Novagraaf and PAVIS), Murgitroyd, Computer Packages Inc., and Page, White and Farrer
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Attribute |
Details |
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Study Period |
2018-2028 |
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Base Year |
2020 |
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Forecast Period |
2021-2028 |
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Unit |
US$ Mn |
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By Type |
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By Application |
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By Region |
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Patent and Trademark Renewals Services Market Size Growth Rate by Type: 2022-2028
1.2.2 Patent Renewals
1.2.3 Trademark Renewals
1.3 Market by Application
1.3.1 Global Patent and Trademark Renewals Services Market Share by Application: 2022-2028
1.3.2 Semiconductor & Electronics Industry
1.3.3 IT Industry
1.3.4 Entertainment Industry
1.3.5 Food & Beverage Industry
1.3.6 Construction Industry
1.3.7 Machinery Manufacturing Industry
1.3.8 Medical & Pharmaceutical Industry
1.3.9 Transportation Industry
1.3.10 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Patent and Trademark Renewals Services Market Perspective (2015-2028)
2.2 Global Patent and Trademark Renewals Services Growth Trends by Regions
2.2.1 Patent and Trademark Renewals Services Market Size by Regions: 2015 VS 2022-2028
2.2.2 Patent and Trademark Renewals Services Historic Market Share by Regions (2017-2020)
2.2.3 Patent and Trademark Renewals Services Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Patent and Trademark Renewals Services Players by Market Size
3.1.1 Global Top Patent and Trademark Renewals Services Players by Revenue (2017-2020)
3.1.2 Global Patent and Trademark Renewals Services Revenue Market Share by Players (2017-2020)
3.2 Global Patent and Trademark Renewals Services Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Patent and Trademark Renewals Services Revenue
3.4 Global Patent and Trademark Renewals Services Market Concentration Ratio
3.4.1 Global Patent and Trademark Renewals Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Patent and Trademark Renewals Services Revenue in 2019
3.5 Key Players Patent and Trademark Renewals Services Area Served
3.6 Key Players Patent and Trademark Renewals Services Product Solution and Service
3.7 Date of Enter into Patent and Trademark Renewals Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Patent and Trademark Renewals Services Breakdown Data by Type (2015-2028)
4.1 Global Patent and Trademark Renewals Services Historic Market Size by Type (2017-2020)
4.2 Global Patent and Trademark Renewals Services Forecasted Market Size by Type (2021-2028)
5 Patent and Trademark Renewals Services Breakdown Data by Application (2015-2028)
5.1 Global Patent and Trademark Renewals Services Historic Market Size by Application (2017-2020)
5.2 Global Patent and Trademark Renewals Services Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Patent and Trademark Renewals Services Market Size (2015-2028)
6.2 North America Patent and Trademark Renewals Services Market Size by Type (2017-2020)
6.3 North America Patent and Trademark Renewals Services Market Size by Application (2017-2020)
6.4 North America Patent and Trademark Renewals Services Market Size by Country (2017-2020)
6.4.1 United States
6.4.2 Canada
7 Europe
7.1 Europe Patent and Trademark Renewals Services Market Size (2015-2028)
7.2 Europe Patent and Trademark Renewals Services Market Size by Type (2017-2020)
7.3 Europe Patent and Trademark Renewals Services Market Size by Application (2017-2020)
7.4 Europe Patent and Trademark Renewals Services Market Size by Country (2017-2020)
7.4.1 Germany
7.4.2 France
7.4.3 U.K.
7.4.4 Italy
7.4.5 Russia
7.4.6 Nordic
7.4.7 Rest of Europe
8 China
8.1 China Patent and Trademark Renewals Services Market Size (2015-2028)
8.2 China Patent and Trademark Renewals Services Market Size by Type (2017-2020)
8.3 China Patent and Trademark Renewals Services Market Size by Application (2017-2020)
8.4 China Patent and Trademark Renewals Services Market Size by Region (2017-2020)
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 Southeast Asia
8.4.5 India
8.4.6 Australia
8.4.7 Rest of Asia-Pacific
9 Japan
9.1 Japan Patent and Trademark Renewals Services Market Size (2015-2028)
9.2 Japan Patent and Trademark Renewals Services Market Size by Type (2017-2020)
9.3 Japan Patent and Trademark Renewals Services Market Size by Application (2017-2020)
9.4 Japan Patent and Trademark Renewals Services Market Size by Country (2017-2020)
9.4.1 Mexico
9.4.2 Brazil
10 Southeast Asia
10.1 Southeast Asia Patent and Trademark Renewals Services Market Size (2015-2028)
10.2 Southeast Asia Patent and Trademark Renewals Services Market Size by Type (2017-2020)
10.3 Southeast Asia Patent and Trademark Renewals Services Market Size by Application (2017-2020)
10.4 Southeast Asia Patent and Trademark Renewals Services Market Size by Country (2017-2020)
10.4.1 Turkey
10.4.2 Saudi Arabia
10.4.3 UAE
10.4.4 Rest of Middle East & Africa
11Key Players Profiles
11.1 CPA Global
11.1.1 CPA Global Company Details
11.1.2 CPA Global Business Overview
11.1.3 CPA Global Patent and Trademark Renewals Services Introduction
11.1.4 CPA Global Revenue in Patent and Trademark Renewals Services Business (2017-2020))
11.1.5 CPA Global Recent Development
11.2 Dennemeyer
11.2.1 Dennemeyer Company Details
11.2.2 Dennemeyer Business Overview
11.2.3 Dennemeyer Patent and Trademark Renewals Services Introduction
11.2.4 Dennemeyer Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.2.5 Dennemeyer Recent Development
11.3 MaxVal
11.3.1 MaxVal Company Details
11.3.2 MaxVal Business Overview
11.3.3 MaxVal Patent and Trademark Renewals Services Introduction
11.3.4 MaxVal Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.3.5 MaxVal Recent Development
11.4 PTMO LTD
11.4.1 PTMO LTD Company Details
11.4.2 PTMO LTD Business Overview
11.4.3 PTMO LTD Patent and Trademark Renewals Services Introduction
11.4.4 PTMO LTD Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.4.5 PTMO LTD Recent Development
11.5 North America Intellectual Property Corp
11.5.1 North America Intellectual Property Corp Company Details
11.5.2 North America Intellectual Property Corp Business Overview
11.5.3 North America Intellectual Property Corp Patent and Trademark Renewals Services Introduction
11.5.4 North America Intellectual Property Corp Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.5.5 North America Intellectual Property Corp Recent Development
11.6 Valipat
11.6.1 Valipat Company Details
11.6.2 Valipat Business Overview
11.6.3 Valipat Patent and Trademark Renewals Services Introduction
11.6.4 Valipat Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.6.5 Valipat Recent Development
11.7 Biz & Legis
11.7.1 Biz & Legis Company Details
11.7.2 Biz & Legis Business Overview
11.7.3 Biz & Legis Patent and Trademark Renewals Services Introduction
11.7.4 Biz & Legis Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.7.5 Biz & Legis Recent Development
11.8 NovumIP
11.8.1 NovumIP Company Details
11.8.2 NovumIP Business Overview
11.8.3 NovumIP Patent and Trademark Renewals Services Introduction
11.8.4 NovumIP Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.8.5 NovumIP Recent Development
11.9 Murgitroyd & Company
11.9.1 Murgitroyd & Company Company Details
11.9.2 Murgitroyd & Company Business Overview
11.9.3 Murgitroyd & Company Patent and Trademark Renewals Services Introduction
11.9.4 Murgitroyd & Company Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.9.5 Murgitroyd & Company Recent Development
11.10 Pintz & Partners
11.10.1 Pintz & Partners Company Details
11.10.2 Pintz & Partners Business Overview
11.10.3 Pintz & Partners Patent and Trademark Renewals Services Introduction
11.10.4 Pintz & Partners Revenue in Patent and Trademark Renewals Services Business (2017-2020)
11.10.5 Pintz & Partners Recent Development
11.11 Anaqua
10.11.1 Anaqua Company Details
10.11.2 Anaqua Business Overview
10.11.3 Anaqua Patent and Trademark Renewals Services Introduction
10.11.4 Anaqua Revenue in Patent and Trademark Renewals Services Business (2017-2020)
10.11.5 Anaqua Recent Development
11.12 Brandstock Group
10.12.1 Brandstock Group Company Details
10.12.2 Brandstock Group Business Overview
10.12.3 Brandstock Group Patent and Trademark Renewals Services Introduction
10.12.4 Brandstock Group Revenue in Patent and Trademark Renewals Services Business (2017-2020)
10.12.5 Brandstock Group Recent Development
11.13 LegalWiz.in
10.13.1 LegalWiz.in Company Details
10.13.2 LegalWiz.in Business Overview
10.13.3 LegalWiz.in Patent and Trademark Renewals Services Introduction
10.13.4 LegalWiz.in Revenue in Patent and Trademark Renewals Services Business (2017-2020)
10.13.5 LegalWiz.in Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
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