In any emerging technology, the pace of innovation is rapid,
sometimes dauntingly so. More companies enter the market with new
products that have been in in secretive development for several years,
protected by patents in an effort to gain a dominant position as quickly
as possible. This is true of any emerging technology, be it 3D printing,
lithium ion batteries or synthetic biology: those companies who develop a
product that not only meets a customer need, but is their protected
intellectual property, often go on to become the market leaders and
reap the financial rewards accordingly.
Of course, developing the right product is half the battle,
but how can an organization
accurately assess their competitor’s product before it’s even
been announced? How can they pre-empt how crowded the market is, who
is entering or leaving, or whether there are any global locations in
which a particular product would face fierce competition?
Patent Analytics is a service that
IDTechEx provides utilising our long-standing
expertise in a range of emerging technologies to provide clients of our
services with visibility to these questions through the analysis of the
patent information stored on international IP databases. Using dedicated
software, the highly technical analysts at IDTechEx can query the
data to develop a bespoke Patent Analytics Report sharing
actionable insights which are tailored to answer a client’s key
strategic technological questions.
Leveraging our combined technical and commercial acumen in
emerging technologies,
an IDTechEx Patent Analytics Report is a data-driven interpretation
of the existing patents in a technology domain in the context of
the commercial environment. Our Patent Analytics
Reports provide competitive analysis, assessment of the entire value
chain and visibility on those highly prized technology whitespaces, which in
turn can mitigate risk when launching a new product, gain insight
into competitors’ activities and accelerate time to market.
Charlotte
Martin/GEE
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