1. Analysis
July 19, 2022updated 18 Jul 2022 4:18pm

Cloud innovation among tech industry companies has dropped off in the last year

Analysis of patent filings shows a shrinking level of related applications in the industry over the past year

By Data Journalism Team

Research and innovation in cloud in the technology and communications sector has declined in the last year.

The most recent figures show that the number of related patent applications in the industry stood at 24176 in the three months ending May – down from 30326 over the same period in 2021.

Figures for patent grants related to followed a similar pattern to filings – shrinking from 22007 in the three months ending May 2021 to 21945 in the same period in 2022.

The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

The figures also provide an insight into the largest innovators in the sector.

Huawei Investment & Holding Co Ltd was the top innovator in the technology and communications sector in the latest quarter. The company, which has its headquarters in China, filed 2522 related patents in the three months ending May. That was down from 3102 over the same period in 2021.

It was followed by the United States based Qualcomm Inc with 1803 patent applications, the United States based International Business Machines Corp (1140 applications), and the United States based Intel Corp (974 applications).

Argo AI LLC has recently ramped up R&D in . It saw growth of 100% in related patent applications in the three months ending May compared to the same period in 2021 - the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the technology and communications sector.