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Competitor Analysis is performed to identify strengths, weaknesses, opportunities, threats of competitor patent portfolio. It is beneficial to conduct a thorough well-planned analysis of your competitors in an industry, and be able to anticipate their strategic movements in the technology.
It helps you to plan your responsibility and avoid, foresee or react to every action that a competitor takes which may fall in line with your business. However, the service is an important policy that can be used to enhance your business in a market.
The competitive analysis must come first to assess the competition and its effects on the market so you can find a chance to examine an effective strategy for introducing your product to the market.
The first move you should consider whenever you want to undergo a competitive analysis is observing and assessing your competitor’s market and technology to compare them with your business. Below are the considerations of what you should include in your competitive analysis:
For every business, there is always a competitor. If you are troubled with selecting a reliable and determined firm to help you discover your competitors in a market, contact our IP consultants for satisfying results. We are a well-blended team with the required skills to perform an extensive formal market consultation and deliver an effective competition service.
Analyzing the various technologies that are covered in a particular subject domain, as well as determining the main companies in these technologies.
Identifying the filing trend in various technologies.
Comparing your portfolio’s strength to the opponents’ portfolios.
We perform thorough research on the strengths, weaknesses, opportunities, and threats (SWOT ANALYSIS) of your product or service in the market field.