The global consumer industry experienced a 7% decline in the number of big data-related patent applications in Q4 2023 compared with the previous quarter. The total number of big data-related grants dropped by 13% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of big data-related patent applications in the consumer industry was 137 in Q4 2023, versus 147 in the prior quarter.
The top five companies accounted for 60% of patenting activity
Analysis of patenting activity by companies shows that Intel filed the most big data patents within the consumer industry in Q4 2023. The company filed 45 big data-related patents in the quarter, compared with 32 in the previous quarter. It was followed by Vivo Communication Technology with 15 big data patent filings, BlackBerry (9 filings), and LG (7 filings) in Q4 2023.
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Patenting activity was driven by the US with a 61% share of total patent filings
The largest share of big data related patent filings in the consumer industry in Q4 2023 was in the US with 61%, followed by China (7%) and Canada (1%). The share represented by the US was 21% higher than the 40% share it accounted for in Q3 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q4 2023, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
