The global technology industry experienced a 29% decline in the number of ecommerce-related patent applications in Q3 2023 compared with the previous quarter. The total number of ecommerce-related grants dropped by 17% 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 ecommerce-related patent applications in the technology industry was 4,574 in Q3 2023, versus 6,459 in the prior quarter.
The top five companies accounted for 6% of patenting activity
Analysis of patenting activity by companies shows that NEC filed the most ecommerce patents within the technology industry in Q3 2023. The company filed 62 ecommerce-related patents in the quarter, compared with 61 in the previous quarter. It was followed by Capital One Financial with 59 ecommerce patent filings, Alphabet (52 filings), and Toyota Motor (51 filings) in Q3 2023.
Patenting activity was driven by the US with a 38% share of total patent filings
The largest share of ecommerce related patent filings in the technology industry in Q3 2023 was in the US with 38%, followed by South Korea (19%) and China (10%). The share represented by the US was 6% higher than the 32% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.