- On December 21, 2016
Corporations, Universities and Governments recognize the increasing importance of filing patents to protect their most valuable assets. As the rate of patent filing increases, so does the importance of understanding the competitive landscape.
- Companies are filing patents at record-breaking rates in order to protect their most valuable innovations from competitors.
- Worldwide, more than 70,000 patent applications are filed each month.
- The most successful international enterprises thrive because of their ability to treat their intellectual property as both revenue producing and strategically leveragable business assets.
- It is essential for businesses to understand the competitive landscapes surrounding patent activity.
According to the data exemplified in this chart from the World Intellectual Property Office, while the U.S. rate of patent filings steadily increases, the rate of patent filings in China is exploding while filings in Europe appear to be stagnant.