Intellectual Property In Electronic Environments Market- Public Policy Plays A V

Posted by Monali Raghuwanshi on August 7th, 2019

 The purpose of this law is to foster a productive environment wherein innovation is valued and creativity is adopted. Intellectual property rights such as patents, copyrights and trademarks not only enable people to earn economic rewards, but more prominently, promote recognition of their work. Public policy plays a vital role in influencing the advancement of Intellectual property markets and thus holding stronger impact on innovation. In today’s extremely networked world, the spreading and passing of ideas is vital to bring up innovation. Intellectual Property Rights (IPRs) facilitates the transfer of knowledge and other technologies by assuring all involved parties that this knowledge or invention will not be misused.

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The rate at which the electronic devices are becoming obsolete thus compelling the companies to increase their investments in research and developments for the innovation of new gadgets and meeting the new demands of customers. This is one of the main factor driving the growth of the intellectual property in electronics environments market. Therefore, several business organizations are investing in this domain, contributing towards market growth. Renting of intellectual property in electronics environments market has emerged as one of the leading trend. Intellectual property rights also helps a company in marketing its services and products on an international level thus building a loyal trade with clients, thereby gaining more profits. On the other hand, the growth of the global intellectual property in electronics environment market might be obstructed on account of the high costs of licenses and copyrights. However, the impact of this restraint will be subdued attributing to the increasing popularity of adoption online intellectual property during the forecast period. The emergence of patenting funds is also expected to provide substantial opportunities in the global intellectual property in electronic environments market.