Overview

Owning it: New businesses and increased R&D spending will bolster demand for industry services

The Trademark & Patent Lawyers & Attorneys market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$19bn
Annual Growth
12-17
2.6%
Annual Growth
17-22
Profit
Employment
58,447
Business
10,493

Industry Threats & Opportunities

  • Industry firms will continue to experience demand for their services, particularly in cases that go to litigation
  • The ambiguity of software patents has led to a new class of patent litigators
  • The legal landscape has become more difficult for patent assertion entities

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    Industry Analysis & Industry Trends

    Trademark and patent lawyers and attorneys ensure that a company's nontangible assets remain solely its own. Demand for litigation services has boomed over the past five years, thanks to improved research and development expenditure enabling the number of innovative, trademarked products to grow. Over the next five years, a growing number of new businesses will continue to increase the number of patents and trademarks that require industry services; however, in-house intellectual property teams may siphon demand...

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    Industry Report - Industry Locations Chapter

    The three primary factors influencing the location of industry establishments are population, the prevalence of businesses demanding intellectual property services and proximity to courts. Like all service industries, trademark and patent lawyers and attorneys are generally located near population centers in order to maximize convenience for clients. In addition to being near clients, major population centers are also generally home to district courts and other legal industry infrastructure. To this end, highly populated states such as California, Texas and New York are home to a combined 34.0% of total industry locations.

    A high concentration of businesses that need patent and trademark protection will further entice industry professionals to set up shop nearby. Man..

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    Additional Insights for the Trademark & Patent Lawyers & Attorneys Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Trademark & Patent Lawyers & Attorneys Industry are

  • Ability to effectively communicate and negotiate
  • Having a good reputation
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Corporate profit in the Trademark & Patent Lawyers & Attorneys industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Trademark & Patent Lawyers & Attorneys Industry?

    This industry comprises legal practitioners, known as lawyers and attorneys, who engage in patent, copyright and trademark due diligence, filing and litigation. This industry does not include intellectual property licensing services and brokers.

    Industry Products
    Patent services
    Trademark services
    Copyright services
    Litigation
    Industry Activities
    Trademark clearance search, application and renewal services
    Patent novelty search, application and renewal services
    Patent application and renewal services
    Trademark-related litigation services
    Patent-related litigation services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Corporate profit
  • Investor uncertainty
  • Number of businesses
  • Demand from biotechnology

  • Current Performance
  • Increased litigation
  • Troll toll
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Slowing demand
  • Company insourcing
  • Industry structure
  • Table: Trademark & Patent Lawyers & Attorneys Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Trademark & Patent Lawyers & Attorneys Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Brand Name Pharmaceutical Manufacturing
  • Cosmetic & Beauty Products Manufacturing
  • Computer Manufacturing
  • Medical Device Manufacturing
  • Information
  • Biotechnology

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Furniture Stores
  • Office Supply Stores

  • Products & Services
  • Patent services
  • Litigation
  • Trademark services
  • Copyright services
  • Chart: Trademark & Patent Lawyers & Attorneys Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Healthcare
  • Computer hardware and software
  • Consumer products manufacturers
  • Telecommunications
  • Industrial and chemicals
  • Other
  • Chart: Major Market Segmentation for the Trademark & Patent Lawyers & Attorneys Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Trademark & Patent Lawyers & Attorneys

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Trademark & Patent Lawyers & Attorneys Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Trademark & Patent Lawyers & Attorneys Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Trademark & Patent Lawyers & Attorneys Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Research and development expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Copyright
  • The exclusive legal right to reproduce, publish, sell, or distribute the matter and form of something.
  • Intellectual Property
  • Legally exclusive rights to works derived from the mind.
  • Patent
  • An official document that gives a person or company the right to be the only one that makes or sells a product for a certain period of time.
  • Patent Assertion Entity (Pae)
  • An individual or company that holds the rights to a patent it does not manufacture or service. Also commonly referred to as a patent troll.
  • Trademark
  • Something (such as a word or symbol) that identifies a particular company's product and cannot be used by another company without permission.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Trademark & Patent Lawyers & Attorneys:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Trademark & Patent Lawyers & Attorneys market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Trademark & Patent Lawyers & Attorneys, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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