The global retail industry experienced a 58% decline in the number of ecommerce-related patent applications in Q2 2023 compared with the previous quarter. The total number of ecommerce-related grants dropped by 24% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 report offers a thorough analysis of the global B2C eCommerce market, segmentation and forecast by payment methods and region, and the current competitive landscape. Buy the report here.
Notably, the number of ecommerce-related patent applications in the retail industry was 1,246 in Q2 2023, versus 2,986 in the prior quarter.
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that NEC filed the most ecommerce patents within the retail industry in Q2 2023. The company filed 32 ecommerce-related patents in the quarter, compared with 42 in the previous quarter. It was followed by Capital One Financial with 30 ecommerce patent filings, Walmart (27 filings), and eBay (18 filings) in Q2 2023.
Patenting activity was driven by the US with a 60% share of total patent filings
The largest share of ecommerce related patent filings in the retail industry in Q2 2023 was in the US with 60%, followed by China (10%) and Japan (6%). The share represented by the US was 25% higher than the 35% share it accounted for in Q1 2023.
For further understanding of GlobalData's Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 buy the report here.
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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.
