The global technology industry experienced a 48% decline in the number of cloud-related patent applications in Q3 2023 compared with the previous quarter. The total number of cloud-related grants dropped by 49% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q3 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.
Notably, the number of cloud-related patent applications in the technology industry was 1,698 in Q3 2023, versus 3,285 in the prior quarter.
The top five companies accounted for 18% of patenting activity
Analysis of patenting activity by companies shows that International Business Machines filed the most cloud patents within the technology industry in Q3 2023. The company filed 83 cloud-related patents in the quarter, compared with 123 in the previous quarter. It was followed by Oracle with 80 cloud patent filings, Microsoft (53 filings), and VMware (48 filings) in Q3 2023.
Patenting activity was driven by the US with a 67% share of total patent filings
The largest share of cloud related patent filings in the technology industry in Q3 2023 was in the US with 67%, followed by China (7%) and South Korea (3%). The share represented by the US was 27% higher than the 41% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.