NEW YORK, Jan. 9, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global intellectual property software market  size is estimated to grow by USD 7.96 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 19.6%  during the forecast period. Rise in adoption of intellectual property software to improve efficiency of enterprises is driving market growth, with a trend towards use of ai with intellectual property software. However, lack of strict intellectual property laws  poses a challenge. Key market players include Ambercite Pty Ltd., Anaqua Inc., Clarivate PLC, Dennemeyer Group, Evalueserve Inc., Gridlogics Tech Pvt. Ltd., Innovation Asset Group Inc., InQuartik Corp., International Business Machines Corp., Inteum Co. LLC, IP Checkups, MaxVal Group Inc., Microsoft Corp, Mobileum Inc., Patrix AB, PatSnap, Questel, RELX Plc, Rowan Patents, Thales Group, TT Consultants, and Zycus Inc..

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Key Market Trends Fueling Growth

The Intellectual Property (IP) software market is witnessing significant trends in business innovation and IP protection. In the fiscal year 2022, organizations and individuals are focusing on IP management and patent filings to secure their IP rights. Trademark management and patent prosecution are crucial for brand recognition and legal compliance. R&D analytics and IP management services are essential for entrepreneurs and inventors to develop profitable innovation strategies. Artificial intelligence is transforming IP management by streamlining document management, data control, and patent application processes. Price advantage and competitive advantage are driving the adoption of cloud-based IP management software for multilateral trade policy compliance. Patent filing and IP portfolio management are critical for profitability and digitalization. IP outsourcing is a popular trend for organizations seeking expertise and cost savings. The Patent Prosecution Highway and Patent Filing agreements provide a competitive edge in the global IP landscape. Security is a top priority, with IP management software offering data control and protection against infringement and unauthorized use. The pharmaceutical industry is a significant user of IP management software for product development and IP rights protection. In conclusion, IP management software is a vital tool for businesses and individuals to protect their intellectual property rights, streamline processes, and gain a competitive edge in the digital age. 

The integration of artificial intelligence (AI) in intellectual property (IP) software is a significant trend in the global IP software market. Businesses undergoing digital transformation aim to establish interconnected platforms and generate new revenue streams. In response, various industries invest in real-time solutions, IT infrastructure, and analytical tools to gain a competitive edge. Modern businesses prioritize advanced business intelligence, and AI facilitates innovation and technological advancements through data, computing power, and algorithms. Vendors are capitalizing on this trend by incorporating AI into IP software, enabling process transformation and creating an IP network for users. 

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Market Challenges

The Intellectual Property (IP) software market is a significant business sector that helps organizations and individuals manage and protect their IP rights. Innovation intelligence plays a crucial role in identifying potential IP assets. However, challenges exist in IP protection, particularly with trademarks, patent filings, and patent prosecution. Inventors and entrepreneurs face fiscal year deadlines and need efficient IP management and licensing. R&D analytics and IP portfolio management are essential for profitability. Security is paramount to prevent unauthorized use and infringement. Artificial intelligence (AI) streamlines IP management, from patent applications to document management and data control. IP management services offer price advantages, while cloud-based solutions provide a competitive edge. Multilateral trade policies, such as the Patent Prosecution Highway, streamline IP rights in international trade. Pharmaceuticals and other industries rely on IP management software for brand recognition, productivity, and legal compliance. Outsourcing IP services can offer cost savings and expertise. Digitalization and digital platforms enable efficient IP management, patent management, and copyrights. However, organizations must navigate the complexities of patent filings, patent prosecution, and trademark management to maintain a strong IP portfolio. Ultimately, effective IP management is essential for business operations and profitability.The intellectual property software market holds significant value for businesses, as it safeguards assets that contribute to their success. However, the absence of stringent intellectual property laws in certain countries, such as Pakistan and Venezuela, poses a challenge. In India, while copyright laws exist, weak enforcement and rampant piracy hinder effective protection. This global issue is particularly relevant in industries like healthcare, where intellectual property is increasingly important due to advancements in technology and globalization. Businesses must navigate these complexities to secure their valuable intellectual assets.

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Segment Overview 

This intellectual property software market report extensively covers market segmentation by

Deployment 1.1 On-premises1.2 Cloud-basedComponent 2.1 Software2.2 ServiceGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 On-premises-  The on-premises segment of the intellectual property software market is experiencing notable growth due to the heightened security and control it offers to enterprises, particularly in the BFSI and healthcare sectors. On-premises intellectual property software is managed and maintained by the businesses themselves, providing them with complete control over their solutions. This segment is currently dominated by vendors like CPA Global Ltd., whose offerings, Memotech and Patrawin, are installed on enterprise hardware. Memotech offers intellectual property portfolio visibility, innovation support, and enhanced protection, while Patrawin caters to law firms with comprehensive case management for various intellectual property types. Despite its advantages, the on-premises segment is anticipated to decline during the forecast period due to the increasing adoption of cloud-based software. The high initial investment, including hardware, software, and workforce training, as well as ongoing costs for maintenance, upgrades, and data protection solutions, are significant barriers for smaller enterprises. Additionally, the long setup time and limited accessibility are concerns for businesses. However, large enterprises, especially those in industries with stringent data security requirements, continue to invest heavily in on-premises intellectual property software due to the enhanced control it provides over their data. This trend is expected to drive the growth of the global intellectual property software market during the forecast period.

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Research Analysis

The Intellectual Property (IP) software market encompasses a range of solutions designed to help organizations effectively manage, protect, and monetize their IP assets. These solutions include software licensing tools for managing IP usage rights, IP analytics platforms for identifying trends and insights, IP document management systems for organizing and securing IP documents, and IP collaboration platforms for facilitating innovation and idea sharing. IP awareness programs, copyright management systems, IP licensing platforms, and IP valuation tools are also common in this market. IP strategy development, due diligence, innovation, audits, and compliance are essential aspects of IP management, and IP dashboard reporting, risk management, training, and outsourcing solutions help organizations optimize their IP portfolios and mitigate risks. IP technology transfer, governance, and policy tools enable effective IP integration and support the development of IP ecosystems. IP solutions also offer automation, data management, leadership, strategy, integration, and consulting services to help organizations navigate the complex IP landscape.

Market Research Overview

The Intellectual Property (IP) software market is a dynamic and essential business sector that caters to organizations and individuals in managing, protecting, and leveraging their IP rights. This market encompasses various solutions such as innovation intelligence, R&D analytics, IP management, patent filings, trademark management, document management, patent prosecution, and licensing. Digitalization and artificial intelligence are driving the market, providing price advantages, competitive advantages, and productivity gains through cloud-based IP management services and outsourcing. IP protection is crucial in industries like pharmaceuticals, where IP rights, brand recognition, and legal compliance are vital for profitability and business operations. The market also includes solutions for patent applications, copyrights, and multilateral trade policies like the Patent Prosecution Highway. IP management is essential for entrepreneurs and inventors to secure their ideas and maintain an effective IP portfolio. The market offers various IP services to help organizations navigate the complexities of IP rights, patent filings, and trademark management, ensuring data control and security against infringement and unauthorized use.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud-basedComponentSoftwareServiceGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

LUTZ, Fla., Jan. 9, 2025 /PRNewswire/ — In a cultural moment where self-discovery, mental wellness, and personal growth are at the forefront of public discourse, having the right tools to navigate and understand ourselves is more crucial than ever. The NEO Inventories Normative Update from PAR, Inc., a leading publisher of psychological assessment tools, provides an updated approach to assessing the core dimensions of personality. This update offers a new generation the opportunity to gain reliable insights into their unique personalities.

“With the release of the NEO Inventories Normative Update, we are unlocking an advanced tool that serves a wide array of professionals—from mental health counselors to HR professionals, educators, and healthcare providers,” according to PAR CEO Kristin Greco. “This update not only enhances the assessment of personality traits but also empowers professionals to tailor their approaches for greater impact, be it in treatment, team building, or career guidance. The result is a significant leap forward in how we understand and apply personality insights for better outcomes across industries.”

The NEO Inventories, renowned for over three decades as a cornerstone in personality assessment, allow users to explore the five major domains of personality—Neuroticism (N), Extraversion (E), Openness (O), Agreeableness (A), and Conscientiousness (C)—and dive deeper into specific traits within each domain. The NEO Inventories Normative Update offers a variety of user-friendly administration and scoring options, allowing maximum flexibility and accessibility in many professional settings.

The rising demand for self-awareness tools aligns with today’s mental health trends, as seen in the increased attention toward work-life balance, mental wellness, and emotional intelligence. Now more than ever, individuals are motivated to understand how personality impacts their choices, relationships, and overall well-being. Thanks to its self-administered format (meaning it requires no formal training to complete), the NEO Inventories Normative Update empowers users to explore these dimensions independently.

Dr. Sierra Iwanicki, Senior Project Director for PAR said, “The NEO Inventories are seminal personality measures that have laid the foundation for so much of what we understand in the field of psychology. They continue to shape the study of personality psychology today and we’re excited to provide this normative update for our customers.”

Designed for both adolescents and adults, the NEO Inventories Normative Update offers a range of options for every level of interest and need. From the comprehensive NEO-PI-3™ Normative Update with its in-depth, 240-item assessment to the quicker, 60-item NEO-FFI-3™ Normative Update for general personality insight, users can choose the format that best meets their needs and/or the needs of their clients. The NEO Professional Development Report (PDR) also provides career-focused feedback, ideal for HR and career counseling settings, to foster personal and professional development alike.

As the public grows more self-reflective and interested in seeking tools for genuine understanding and self-awareness, The NEO Inventories Normative Update answers the call, providing a scientifically validated path to greater self-knowledge. With a range of options and the convenience of digital administration and scoring, the NEO Inventories Normative Update is an essential resource for individuals and professionals alike, helping to decode the complexities of personality with precision and insight.

For more information on how the NEO Inventories Normative Update can help you better understand yourself and those around you, visit www.parinc.com.

About PAR: Founded in 1978, PAR is a leading publisher of psychological assessments, dedicated to creating innovative, reliable, and accessible tools that support mental health and self-discovery. With an unwavering commitment to excellence, PAR offers an extensive range of assessments for clinicians, educators, researchers, and individuals seeking personal development.

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SOURCE PAR, Inc.

NEW YORK, Jan. 9, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global gis in utility industry market size is estimated to grow by USD 3.55 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 19.8%  during the forecast period. Increased adoption of GIS solutions in utility industry is driving market growth, with a trend towards increased use of GIS for water management. However, threat from open-source gis software  poses a challenge. Key market players include AABSyS IT Pvt. Ltd., Autodesk Inc., Avineon Inc., Bentley Systems Inc., Blue Marble Geographics, Cadcorp Ltd., Caliper Corp., Environmental Systems Research Institute Inc., General Electric Co., Hexagon AB, Mapbox Inc., Maxar Technologies Inc., Mobile GIS Services Ltd., NV5 Global Inc., Orbital Insight Inc., Pitney Bowes Inc., Schneider Electric SE, SuperMap Software Co. Ltd., Trimble Inc., and VertiGIS Ltd..

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The utility industry is embracing Geographic Information System (GIS) technology to enhance operations and improve customer experience. Trends like Spatial Context, Site Selection, and Land Acquisition are key areas where GIS solutions are making a difference. In Utility Planning and Designing, GIS enables better Visualization and Building of infrastructure. Smart Cities and Urban Planning rely on Geospatial Data from Satellite Imaging, Aerial Photography, and Remote Sensors for effective decision-making. GIS software and Digital Reality Solutions like Building Information Modeling, Augmented Reality (AR), and 4D GIS software are transforming Utility Industry projects. GIS solutions are essential for Grid Modernization, Water Management, and Transportation applications. Startups and Software Solutions are revolutionizing the Geospatial Industry with innovative hardware and enterprise solutions. Geospatial technology is crucial for Infrastructure Management, Public Safety, Natural Resources, and Defense Industries. GIS is vital for Agriculture, Mining, and Smart City projects. Modern GIS solutions offer licensing, permitting, and digital asset solutions to streamline business processes like Enterprise Resource Planning, Customer Relationship Management, and Business Process Management. Geospatial data barriers are being addressed with advanced GIS tools, making data accessible for Utilities, Water, Electric, and Gas customers. 

GIS plays a significant role in the utility industry, particularly in water management and agriculture. For water management, GIS provides tools for assessing and managing water resources through simulation models. These models aid in making informed decisions regarding water flow rate, turbidity, pH, oxygen levels, and bacteria content. In agriculture, GIS enhances precision by offering detailed spatial data on soil moisture, crop health, and irrigation needs. This information enables farmers to optimize water usage effectively. Additionally, GIS facilitates groundwater management by mapping aquifer locations and monitoring recharge rates, which is essential in water-scarce regions. GIS solutions help identify leakages and manage pressure, ensuring efficient water usage in utility networks. 

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•         The utility industry is embracing Geographic Information Systems (GIS) to tackle various challenges in Spatial Context, Site Selection, Land Acquisition, Planning, Designing, Visualizing, Building, Project Management, and more. GIS solutions are essential for Smart Cities and Urban Planning, enabling the use of Geospatial Data from Satellite Imaging, Aerial Photography, and Remote Sensors. AI, Sensors, and Digital Reality Solutions are transforming Utility Industry with Building Information Modeling, Augmented Reality (AR), and 4D GIS software. GIS plays a crucial role in Water Management, Mapping Systems, Grid Modernization, Transportation, and Infrastructure Management. Startups and Software Solutions are revolutionizing the Geospatial Industry with Enterprise Solutions, ERP, CRM, and BPM. Transport, Public Safety, Natural Resources, Defense Industries, Agriculture, and Mining are also benefiting from modern GIS solutions. However, Geospatial Data Barriers, Licensing, Permitting, and Infrastructure Management remain significant challenges. Investments in modern GIS solutions are essential to overcome these hurdles and provide Smart Utilities, Green Buildings, and Smart Urban Planning.

•         Open-source GIS software has gained significant traction in the utility industry market, particularly in emerging economies like China and India. Small and medium-sized enterprises (SMEs) in these countries, which constitute a large portion of the market, are unable to afford the high cost of commercial GIS software. Consequently, they have turned to open-source alternatives. Even large companies are increasingly opting for open-source software as part of their cost-cutting measures. In the Asia Pacific region, where software products frequently change, open-source GIS software is a popular choice among companies. This shift towards open-source software poses a challenge to the sales and pricing strategies of commercial GIS software providers.

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This gis in utility industry market report extensively covers market segmentation by  

Product 1.1 Software1.2 Data1.3 ServicesDeployment 2.1 On-premises2.2 CloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Software-  The global GIS market in the utility industry encompasses a range of software solutions designed to cater to the unique requirements of utility companies, including electricity, gas, water, and telecommunications providers. The software segment includes Geographic Information System (GIS) Software, Asset Management Software, Network Design and Planning Software, Field Service Management Software, and Mobile GIS Applications. GIS Software serves as the foundation for managing and analyzing geographical data, enabling utility firms to store, manipulate, analyze, and visualize maps, satellite imagery, and aerial photos. Asset Management Software helps track and manage physical assets, such as transformers, poles, pipes, and meters, by connecting to GIS platforms for a comprehensive view of asset data alongside geographic information. Network Design and Planning Software assists utility firms in organizing and planning their infrastructure, using GIS data to identify the most effective locations and routes for infrastructure components. Field Service Management Software streamlines field operations by managing service requests, dispatching technicians, and monitoring work orders, with real-time visibility of field activities based on location. Mobile GIS Applications provide utility personnel with access to geospatial data on smartphones or tablets, enabling them to view asset data, gather field data, and perform inspections locally. The software segment’s growth is driven by the increasing need for efficient infrastructure management, regulatory compliance, and the integration of advanced technologies like IoT and AI. The ongoing digital transformation in the utility sector and the adoption of smart grid and smart city concepts are expected to fuel the growth of the software segment in the global GIS market in utility industry during the forecast period.

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The utility industry is increasingly embracing Geospatial technology to enhance efficiency, improve decision-making, and promote sustainable development. Spatial context plays a crucial role in site selection and land acquisition for utility projects. Geospatial technology aids in planning and designing, allowing for visualization of projects in 3D using Building Information Modeling (BIM) and Augmented Reality (AR). In the utility industry, Geospatial technology is essential for water management, mapping systems, and grid modernization. Smart Cities are leveraging these technologies for transportation planning, green buildings, and smart urban planning. Geospatial industry solutions include software and hardware offerings from startups and established companies. Geospatial technology is revolutionizing utility infrastructure planning with smart city planning, land use management, and smart infrastructure planning. Geospatial technology is also transforming utility operations with smart utilities, enabling real-time monitoring and predictive maintenance. Overall, Geospatial technology is a game-changer for the utility industry, driving innovation and sustainability.

The utility industry is leveraging Geographic Information Systems (GIS) to enhance operational efficiency and improve customer service. GIS technology provides a spatial context for site selection, land acquisition, planning, designing, visualizing, building, and project management in the utility industry. Geospatial data from satellite imaging, aerial photography, remote sensors, and artificial intelligence (AI) are used for water management, mapping systems, grid modernization, and transportation applications. GIS solutions enable smart city planning, urban planning, green buildings, and smart urban planning. Startups and software solutions offer 4D GIS software, augmented reality (AR) platforms, and digital reality solutions for enterprise applications, including Enterprise Resource Planning, Customer Relationship Management, and Business Process Management. GIS technology is also used in surveying, construction, public safety, natural resources, transportation, defense industries, agriculture, mining, and smart city projects. Licensing and permitting processes are streamlined with modern GIS solutions, enabling infrastructure management and digital asset solutions for water, electric, and gas utility customers.

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSoftwareDataServicesDeploymentOn-premisesCloudGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio