Asia has strengthened its position as the most active region in patent filings, according to a published by research firm Clarivate Analytics.
The report which was launched on June 30, also found that Asia continues to outpace other regions in filing trademarks and registering domains, making it a top hub for global innovation.
It additionally discovered that China has seen continued rapid growth in patent filings throughout the last decade, accounting for a significant portion of global totals and driving an overall upward trend. Japanese companies, on the other hand, have shifted focus from the quantity of patents filed to being more selective and focused on the quality and usefulness of patent applications.
The Clarivate report also stated that as brands from Asia-Pacific expand to international markets, they will be challenged to maintain their growth within increasingly crowded foreign registers and protect their trademark rights in a highly competitive global economy.
The full report can be accessed here.
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