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 it’s 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 client’s patents. External renewal providers, which do not provide additional attorney services, can be a very cost-effective solution for ensuring payment of renewals.
According to the new market research report “Global Patent and Trademark Renewal Service Market Report 2023-2029”, published by QYResearch, the global Patent and Trademark Renewal Service market size is projected to reach USD 1.65 billion by 2029, at a CAGR of 8.6% during the forecast period.
- Global Patent and Trademark Renewal Service MarketSize(US$ Million), 2018-2029
Above data is based on report from QYResearch: Global Patent and Trademark Renewal Service Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch..
- Global Patent and Trademark Renewal Service Top14Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Above data is based on report from QYResearch: Global Patent and Trademark Renewal Service Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
The global key manufacturers of Patent and Trademark Renewal Service include Clarivate (CPA Global), NovumIP (Novagraaf & PAVIS), Dennemeyer, Questel, Murgitroyd, Beijing Guozhuan Intellectual Property, Acumass, Anaqua, Computer Packages Inc, MaxVal Group, etc. In 2021, the global top 10 players had a share approximately 73.0% in terms of revenue.
About QYResearch
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QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.