The Top Reasons Why You Need to Subscribe to a Commercial Patent Database
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Patents serve as an early indicator of new technology, and businesses can gain valuable insights from patent searching and analytics from creation to monetization. Every year millions of patents are filed. According to a search conducted in PatSeer, 5.36 million patent applications were filed globally in 2018. Patents enable you to identify new trends, how to maintain competitive standing in the market and quickly introduce new products. Patent information is available for free in national and regional patent office databases. However, a commercial patent search software reduces the hours you spend searching different sources and allows you to access better data quality, translations, coverage and search functionalities. So it easier for you to discover meaningful relationships and make actionable reports with detailed insights. We will examine the main reasons why investing in a commercial patent database is useful for various stakeholders. Innovators – For c...