We recently launched our 8th annual Global Patent & IP Trends Indicator. The report gives patent professionals an insight into the IP world and highlights how your colleagues are affected by the changing patent landscape. IP Watchdog recently covered the Indicator and sat down with RWS ‘ Justin Simpson for an interview.
IP Watchdog mentioned several statistics from the report including that more than 73% of respondents filed patents in four or more countries in 2016. This is something that Simpson accounts to the increased globalization within the intellectual property space. 87% of respondents have been filing into BRIC countries for the last five years, showing that the world is getting smaller.
Despite the increased number of international patent application filings, one-third of the survey respondents had their IP budgets reduced during 2016. Simpson accounts this to the patentability of software and the reduced amount of freedom in the sector; whilst inventors may have filed all five of their inventions 15 years ago, now they may just file one or two, thus leading to a reduced budget overall.