IP Consulting Firm Adds IoT Patent Database to Research Offerings

TechIPm added a patent database for key IoT wireless connectivity standards to its research offerings, the intellectual property consulting firm said Thursday in a blog post. Many market researchers expect interconnected IoT devices to “create a new market that will result in more than $1 trillion in value added to the global economy within 10 years,” the firm said. “Wireless connectivity is the key enabler for the mass deployment of the IoT devices.” More than 3,000 patents owned by more than 160 assignees “are identified as the key wireless standard patents for IoT connectivity,” it said. The combined IP holdings of LG, Qualcomm and Samsung account for nearly 30 percent “of the identified key wireless standard patents for the IoT connectivity,” it said. “The patent database for the key IoT wireless connectivity standards can be used for many diverse purposes in the strategic patent management and exploitation such as competitive intelligence, M&A strategy, IP financing, open innovation and monetization.”