Industry Analysis & Industry Trends
The Intellectual Property Leasing industry plays a vital but unheralded role in the Australian economy. Operators in the industry lease their intellectual property – patents, trademarks, franchising systems and other intangible property – to businesses in exchange for royalties or licensing fees. Businesses then use this intellectual property to create a wide range of tangible products and services, including pharmaceuticals, consumer goods, apparel, childcare services and tax advice.
The industry has recorded relatively weak growth over the past five years as the uncertain economic environment led consumers to cut back on discretionary spending, reducing demand for many of the products and services created with intellectual property... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the growth phase of its life cycle. Over the 10 years through 2018-19, industry value added is forecast to grow at an annualised 3.2% compared with GDP growth of 2.5% over the same period. Many of the products reliant on patents will be supported by long-term drivers such as the ageing population and rising technological advancement. Trademarks and brands should also become more important as multinational companies expand around the globe, increasing the value of their brand. Stronger legal protection for intellectual property should also encourage innovation and long-term demand for patents and trademarks. Franchising is also expected to show growth, following trends seen in the United States and United Kingdom... purchase to read more