Granted Patents and trademarks require maintenance to keep them alive so that the rights in the invention can be enforced. A large part of that maintenance includes payment of renewal fees, also called annuities or taxes in some parts of the world, and even continuation fees under certain circumstances. The timing of their commencement, deadlines for payment and amount differ greatly among countries, so its important for patentees to understand renewal requirements for budgeting purposes and to avoid causing a patent or application to lapse. Due to the complexity of requirements for patent and trademark renewals and the risks associated with making an error, many patentees and attorney firms use the services of specialist external renewal companies, with many such providers on offer. These companies assume responsibility for timely payment of applicable renewals fees in each jurisdiction of their clients patents. External renewal providers, which do not provide additional attorney services, can be a very cost-effective solution for ensuring payment of renewals.
This report contains market size and forecasts of Patent and Trademark Renewals Services in Global, including the following market information:
- Global Patent and Trademark Renewals Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Patent and Trademark Renewals Services market was valued at 861.5 million in 2021 and is projected to reach US$ 1489.3 million by 2028, at a CAGR of 8.1% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Patent Renewal Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Patent and Trademark Renewals Services include Clarivate (CPA Global), NovumIP (Novagraaf & PAVIS), Dennemeyer, Questel, Murgitroyd, Anaqua, Computer Packages Inc, MaxVal Group and Page, White & Farrer, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Patent and Trademark Renewals Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Patent and Trademark Renewals Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Patent and Trademark Renewals Services Market Segment Percentages, by Type, 2021 (%)
- Patent Renewal
- Trademark Renewal
Global Patent and Trademark Renewals Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Patent and Trademark Renewals Services Market Segment Percentages, by Application, 2021 (%)
- Enterprise
- Research Institute
- University
- Other
Global Patent and Trademark Renewals Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Patent and Trademark Renewals Services Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Patent and Trademark Renewals Services revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Patent and Trademark Renewals Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Clarivate (CPA Global)
- NovumIP (Novagraaf & PAVIS)
- Dennemeyer
- Questel
- Murgitroyd
- Anaqua
- Computer Packages Inc
- MaxVal Group
- Page, White & Farrer
- Acumass
- IP Centrum Limited
- Beijing Guozhuan Intellectual Property
- Shanghai Patent & Trademark Law Office
- YOGO IP
