APRIL 2022CIOAPPLICATIONS.COM6Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.April - 25 - 2022, Volume 08 - Issue 05 (ISSN 2644-240X) Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing EditorJoe PhillipSalesSebastian Jacobsebastian@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comEditorialThe Many Aspects of Patent ManagementThe global intellectual property management software market is expected to register a CAGR of over 13.54 percent over the forecast period 2021-2026. The tremendous increase in the adoption of outsourcing services by large enterprises contributes significantly to the growth of the intellectual property management software market.Furthermore, in-house IP management is a huge resource-demanding task and requires huge investments. Outsourcing IP management helps enterprises in cost reduction, productivity growth, and profitability improvements. Thus, increasing emphasis on enterprises on optimizing business operations is anticipated to drive the intellectual property outsourcing services market over the forecast period. Moreover, increasing demand for unique IPs for goods fuels the growth of the intellectual property outsourcing market.With the evolution of more advanced technologies, protection, and management of IP creation have become a mandate in every business to ensure faster commercialization of the IP developed. This means more companies are expected to rely on the latest technology with a strategic focus on protecting their IP assets.Different organizations are adopting patent management software solutions. For instance, Anaqua, the leading provider of innovation and intellectual property management solutions, announced the launch of a new business unit that will address the diverse needs of today's global law firms. As part of this expansion, Anaqua is making additional investments in its leadership and law firm platforms, AQX Law Firm and PATTSY WAVE. The move underscores Anaqua's commitment to the law firm market, as an essential part of the IP ecosystem, as well as the company's strategy of organizing to meet the needs of this market.Further, the outbreak of the COVID-19 pandemic has impacted the market studied. A prolonged pandemic crisis heightened by the COVID-19 may push the intellectual property & legal services domain downward, just like other sectors & industries. However, the possibility of significant growth in the intellectual property domain cannot be ignored once the COVID situation ends as a Post-COVID world will more likely push tech companies to go after the licensing of their existing IP portfolio to incentivize their financial reserves. This would increase the demand for the market studied.Let us know your thoughts.Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipGraphics & ArtEditorial StaffBen JacksonDaniel HolmesEzra BenjaminSoham SanyalRose DcruzSenior WritersClara MathewLeah JaneRoyce D'SouzaAsher BlakeDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
< Page 5 | Page 7 >