AI Patent Search Market Trends and Forecast
The future of the global AI patent search market looks promising with opportunities in the large enterprise and small & medium company markets. The global AI patent search market is expected to grow with a CAGR of 20.4% from 2024 to 2030. The major drivers for this market are increasing focus on intellectual property protection, rising need for efficient patent research, and growing emphasis on innovation and intellectual property protection.
• Lucintel forecasts that novelty/patentability is expected to witness the highest growth over the forecast period.
• Within this market, large enterprise is expected to witness the higher growth.
• North America is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Patent Search Market
• United States: In the U.S., companies like IBM and Google are advancing AI-driven patent search technologies. IBMÄX%$%Xs Watson AI platform includes tools for patent analysis and intellectual property (IP) management, leveraging AI to enhance search accuracy and efficiency. Google has integrated AI algorithms into its patent search engine, aiming to streamline the process of identifying relevant patents for inventors and businesses. The U.S. government supports innovation through initiatives like the United States Patent and Trademark Office (USPTO), which promotes technological advancements and IP protection.
• India: In India, organizations such as TCS and Infosys are developing AI-powered solutions for patent search and analysis. Tata Consultancy Services (TCS) offers AI-driven tools for patent discovery and portfolio management, catering to multinational corporations and research institutions. Infosys focuses on AI-based patent analytics to assist startups and enterprises in navigating intellectual property landscapes. The Indian government promotes digital innovation through initiatives like Startup India, fostering entrepreneurship and technological development in AI and patent analytics
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Patent Search Market by Segment
The study includes a forecast for the global AI patent search market by type, application, and region.
AI Patent Search Market by Type [Value from 2018 to 2030]:
• Novelty/Patentability
• Infringement/Freedom to Operate
• Validity/Invalidity
• Others
AI Patent Search Market by Application [Value from 2018 to 2030]:
• Large Enterprise
• Small & Medium Company
AI Patent Search Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Patent Search Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI patent search companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI patent search companies profiled in this report include-
• Patentfield
• Pqai
• Iprally
• Amplified Ai
• Patseer
• Intergator Patent Search
• Ambercite
Recent Development in the AI Patent Search Market
• IBM: IBMÄX%$%Xs Watson AI platform offers advanced capabilities for patent search and analysis. Watson AI leverages natural language processing (NLP) and machine learning algorithms to enhance the accuracy and efficiency of patent searches. The platform provides tools for intellectual property (IP) professionals to discover relevant patents, assess patent landscapes, and monitor competitor activities. IBM continues to innovate with Watson AI by integrating new data sources and expanding its AI capabilities to support global patent analysis and IP management strategies.
• Google: Google has developed an AI-powered patent search engine that utilizes machine learning algorithms to improve search accuracy and relevance. The platform allows users to explore millions of patents globally, using advanced filters and natural language queries to identify relevant patents. GoogleÄX%$%Xs initiative aims to simplify the patent search process for inventors, researchers, and businesses, enhancing accessibility to valuable intellectual property information.
• Clarivate Analytics : Clarivate Analytics offers Derwent Innovation, an AI-driven platform for patent search and analytics. Derwent Innovation provides comprehensive patent data coverage and advanced analytics tools to support IP professionals in making informed decisions. The platform incorporates AI technologies to enhance patent discovery, monitor patent trends, and conduct competitive analysis. Clarivate Analytics continues to enhance Derwent Innovation with new AI features, including predictive analytics and visualization tools, to empower users with actionable insights from patent data.
• Questel : QuestelÄX%$%Xs Orbit IP platform integrates AI and machine learning for patent search and intellectual property management. Orbit IP offers a suite of AI-powered tools for patent analytics, including semantic search capabilities and patent portfolio analysis. The platform supports global patent searches, patent monitoring, and technology scouting across various industries. Questel focuses on enhancing user experience with intuitive interfaces and customizable dashboards, catering to the needs of IP professionals and innovation-driven organizations
Features of the Global AI Patent Search Market
Market Size Estimates: AI patent search market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI patent search market size by type, application, and region in terms of value ($B).
Regional Analysis: AI patent search market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI patent search market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI patent search market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI patent search market?
Answer: The global AI patent search market is expected to grow with a CAGR of 20.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI patent search market?
Answer: The major drivers for this market are increasing focus on intellectual property protection, rising need for efficient patent research, and growing emphasis on innovation and intellectual property protection.
Q3. What are the major segments for AI patent search market?
Answer: The future of the AI patent search market looks promising with opportunities in the large enterprise and small & medium company markets.
Q4. Who are the key AI patent search market companies?
Answer: Some of the key AI patent search companies are as follows:
• Patentfield
• Pqai
• Iprally
• Amplified Ai
• Patseer
• Intergator Patent Search
• Ambercite
Q5. Which AI patent search market segment will be the largest in future?
Answer: Lucintel forecasts that novelty/patentability is expected to witness the highest growth over the forecast period.
Q6. In AI patent search market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI patent search market by type (novelty/patentability , infringement/freedom to operate , validity/invalidity , and others), application (large enterprise and small & medium company), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Patent Search Market Market, AI Patent Search Market Market Size, AI Patent Search Market Market Growth, AI Patent Search Market Market Analysis, AI Patent Search Market Market Report, AI Patent Search Market Market Share, AI Patent Search Market Market Trends, AI Patent Search Market Market Forecast, AI Patent Search Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.