Patent Analytics Services Market Evolving Small and Large Players and Forecast 2019 - 2027
Investments in ML Technologies to Fuel Market Growth Machine Learning (ML) technologies are leveraging AI in the patent analytics services market. As such, ML algorithms are being extensively used to make predictions and arrive at conclusions with the help of data. This helps end users to make intelligent decisions, since machine learning technology is being highly publicized as an area of outstanding growth and investments worldwide. This is evident since in a report published by IP Australia-a Government agency associated with Industry, Innovation and Science, stated in the report that patenting of AI and ML technologies is estimated to soar. The four-fold global increase in patent filings is one of the key drivers contributing to the growth of the patent analytics services market . Apart from large enterprises, patent analytics services are acquiring prominence in universities and SMEs. Moreover, China is emerging as one of the largest patent filing destinations as w...