TechIPm has announced the addition of patent research and strategy consulting service for preparing the post-smartphone (wearable computing & IoT devices) patent wars to its offerings.
As the smartphone market matured, many companies are looking for the post-smartphone market that can generate new revenues. Many market researchers expect that the interconnected IoT (Internet of Things) devices will create a new market that will result in more than $1 trillion in value added to the global economy within 10 years. In the short term, wearable computing devices are expected to form an early IoT market by interconnecting body-sensing devices and providing useful personal services including healthcare.
As we have seen in the smartphone market development, it is expected that the super-competition to preoccupy the leadership in the lucrative IoT market can lead to another round of patent wars. The post-smartphone patent wars, however, will be more extensive because of more extensive participation of players across several different industries. The post-smartphone patent wars will also be more complex because of the recent rapid change in legal environment and the learning curve from the smartphone patent wars. Therefore, more advanced and sophisticated patent strategy is required to prepare for the upcoming post-smartphone patent wars.
To confirm the upcoming post-smartphone patent wars, we researched current status of patent disputes regarding wearable computing devices and IoT devices and several evidences of the expansion indications of the post-smartphone patent wars. Then, we developed a strategic forecasting methodology to predict the possible emerging development of the post-smartphone patent wars. Finally, we developed a strategic planning methodology to prepare for the emerging post-smartphone patent wars.
TechIPm, LLC is a research and consulting company specializing in strategy for emerging technology and intellectual property management & monetization. TechIPm, LLC consulted diverse industry players (fortune 500 companies, patent monetization firms, law firms, investment firms, research institutions, universities) in the field of electronics, IT and telecommunications.