A great way to begin your innovation journey that provides insight about the current market status and gives right direction for your innovation strategy and investments.
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This search is also known by its synonyms such as technology analysis or landscape analysis study. This kind of search is required to discover new business opportunities and gain insight about the maturity of a particular technology. Patent landscape uncovers huge amount of useful information such as a company’s position in terms of patent portfolio in light of their competitors, dominant players in a particular technology field, emerging players in a particular technology field, what technologies are being pursued by the most successful companies, identifying gaps in one’s own patent portfolio.
This helps to develop a business plan and R &D strategies as it provides the ability to take timely action to mitigate risk and identify opportunities.