Intellectual property software market is segmented by component, application, and end-use industry. By component, global intellectual property software market is categorized into software, and services. Among these components, software segment is further segmented into cloud-based and on premise. Furthermore, services segment is categorized into development and implementation services, consulting services, and maintenance & support services.
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Among these services, maintenance & support services segment is anticipated to see flourishing growth during the forecast period. This is primarily due to rising adoption of intellectual property software across multiple end-use industries especially manufacturing, healthcare, and IT & telecommunication.
Whereas cloud-based segment is expected to see increasing adoption, owning to the factor such as transition of businesses to paperless or cloud-based business models.
