The global technology industry experienced a 33% decline in the number of internet of things-related patent applications in Q4 2023 compared with the previous quarter. The total number of internet of things-related grants dropped by 6% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q4 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 internet of things-related patent applications in the technology industry was 5,625 in Q4 2023, versus 8,383 in the prior quarter.

The top five companies accounted for 18% of patenting activity

Analysis of patenting activity by companies shows that Samsung Group filed the most internet of things patents within the technology industry in Q4 2023. The company filed 391 internet of things-related patents in the quarter, compared with 514 in the previous quarter. It was followed by Huawei Investment with 165 internet of things patent filings, Qualcomm (160 filings), and Apple (155 filings) in Q4 2023.

Patenting activity was driven by the US with a 41% share of total patent filings

The largest share of internet of things related patent filings in the technology industry in Q4 2023 was in the US with 41%, followed by China (21%) and Japan (3%). The share represented by the US was 12% higher than the 29% share it accounted for in Q3 2023.

For further understanding of GlobalData's Technology: Patents Trends Q4 2023, buy the databook here.

This content was updated on 23 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.