Intellectual property rights safeguard the ideas and
Whitespace & Technology Forecast Analysis
At the forefront of our industry, we provide a leading patent whitespace analysis and technology forecasting service that blends the proficiency of our patent experts with cutting-edge Ai-driven XLSCOUT. This unique combination empowers us to offer you prompt and precise insights into unexplored domains. By identifying whitespace prospects and potential technology trends, we enable you to make well-informed business decisions.
Patent Whitespace Analysis
Whitespace analysis is a process to find the technological gap prevailing in a broad domain for the creation of new inventions thereby building a patent portfolio. Generally, patent whitespace analysis is considered a challenging process and is performed as a part of landscape study and technology scouting to identify the active grey area with future scope.
When a company intends to expand its market presence in a new domain or to enhance the quality of its current product using a new alternative technology, the patent whitespace analysis is the first step conducted to analyze the new opportunities for venturing. Conducting these exercises before entry into a new domain may prevent the company from having investment risks.
The patent whitespace analysis report provides information regarding the less crowded technology, the forecasted market opportunity, and threats, competitor presence, and business intelligence to the company for the decision-making process.
TT Consultants has been involved in the challenging projects associated with whitespace analysis for a protracted time. We have extremely qualified engineers who have attained experience in analyzing the less crowded area and its feasibility of expansion. Further, we also have an in-house repository for extracting data related to the technological gap within a short span of time.
Challenges Faced While Conducting Patent Whitespace Analysis
Non-availability of a single-point search engine for whitespace analysis of patents.
No integration with recent AL & ML-based analysis technologies
Devoting time and resources for analysis
Hybrid approach for accurately identifying the grey area with opportunities
Complete manual analysis leads to high cost
Availability of domain research experts with the right skillset
Predicting the market, business and investment risk
Lack of availability of technology monitoring and alerting system
Our Approaches
Technology matrix-based approach
When an enterprise tries to investigate new avenues or gap areas for further IP filing and product development, the first step is to understand the current technology landscape.
We perform in-depth patent and non-patent landscapes wherein the citations are categorized across multiple technology heads or sub-heads. Post categorization, we prepare a technology vs technology matrix and try to find out areas where there is very less or no activity in terms of IP or products in the form of heatmaps.
The analysis is supplemented by a survey of research articles in those gap areas or whitespaces so that feasibility and recent research happening in that area can be assessed.
Technology evolution and competitors’ activity
Evolution is a continuous process and entities are adapting themselves to innovate as the technology progresses to the next stage. Otherwise, the current strategy of an entity may become an outdated idea. To lead the industries, the entities are constantly innovating and going along with the flow of the technology evolution process. Besides this, it is significantly necessary to check the activity of the competitors to stay ahead of them.
TT Consultants has created an in-house repository for technology tracking and competitor intelligence in a single spot, to show insights about how a technology emerges, its basic trend key player analysis and competitors' activity in a domain.
Problem solution approach
Finding an alternative approach to ease the problem is a never-ending process. Companies use this strategy to build their own kingdom. Here, the challenging job is the identification of the feasible solution for a particular problem.
Without predicting the feasible solutions, some companies may invest and lose their time energy and money in researching the non-feasible solutions.
We here at TT Consultants are providing solutions to this challenging task. Our technical experts are extremely qualified with higher degrees and are capable of analyzing and ranking the feasible solutions with respect to various business attributes to overcome the prevailing problems.
Our Methodology
Our Methodology
(Patent Whitespace Analysis)
Explore, analyze and identifying the feasible growth for the expansion of business and IP portfolio.
We provide an in-depth search approach to identify active whitespace area with predicted growth and positive development opportunity for expanding the market presence and to strengthen the IP portfolio.
Understand
Analyze
Mitigate
Our Methodology
Understanding the requirements and devising a search strategy
Analysing the domain and finding the less crowded domains
Accessing the technology gaps for the discovery of solutions and adjacent opportunities
Locating the promising area and analysing the associated opportunities and threats
Uncovering the players involvement in the promising area and existing collaborations between the IP owners
Discovering the competitors research and engagement in the promising area
Evaluating the market and business intelligence in the promising arena
Al Based Proprietary Platform Used in Whitespace Analysis & Technology Forecasting Services
Techscaper provides quick actionable insights by diving into the world’s largest technology data library to give you a comprehensive overview of current trends and future outlook of technology through your technology lens.
Leverages generative AI/GPT to suggest new and innovative ideas. It helps in identifying new embodiments, improvements over existing ideas, and it aids in filing continuation and continuation-in-part applications as well.
Why Choose TT Consultants for Whitespace Analysis and Technology Forecasting Services?
- Experienced team of 250+ members, comprising Ph.D. holders, Ex-USPTO Examiners, Patent Agents, and Masters’ degree holders, having expertise in core domains.
- Providing techno-commercial analysis
- Ability to analyze patents, non-patent literatures, market status, business status, and commercial products
- Exposing competitors’ activity and interest in the voided area
Why TT Consultants?
In-house prepared repository for technology scouting, whitespace analysis and competitor intelligence
Ability to analyze patents, non-patent literatures, market status, business status and commercial products
Proprietary technology monitoring and alert system fueled by XLSCOUT
Dedicated technical team and market research team with 15+ years of experience
Hybrid approach for identifying technology gaps and grey area in whitespace analysis
60+ technology and industry expertise
Providing techno commercial analysis
Exposing competitors' activity and interest in the voided area
Skilled in usage of patents and non patents databases
Clients Testimonials
Blogs
Blogs on Whitespace Analysis
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FAQs
What is a patent whitespace analysis?
Whitespace analysis is defined as a process for identifying technological gaps or voided areas in a domain having less or no patenting activity. This analysis is requested by an entity that plans for its business expansion. Whitespace analysis is considered as a preventive tool that predicts the risk and reduces the investment loss to an extent.
What is the need for whitespace analysis?
Entities that plan for expansion requests for whitespace come landscape analysis. The purpose is to identify the gap in technology, competitors' activity and the opportunities and threats associated with the gap which helps the entity in decision making for new venture.
How much does it cost to perform whitespace analysis?
The cost of performing whitespace analysis ranges between a few hundred dollars to a few thousand dollars depending upon the nature of requirements. The white space analysis report is also customizable based on the client's requirement.
What are the tools available for performing whitespace analysis?
TT Consultants have created a single spot in house repository for accessing the IP details and identifying the technology gaps, challenges in the gaps, company information, key players, and competitors' activity.
How to perform whitespace analysis?
Whitespace analysis is performed by segmenting the technology of interest into sub technologies, characteristics, and applications. Further the process proceeds with analysing, mapping, and performing analytics for the segmented IP and Non-IP knowledge to obtain information relating to technological evolution, competitor analysis, technological gap, and opportunities for growth.
What does the Whitespace & Technology Forecast Analysis service include?
Our Whitespace & Technology Forecast Analysis service includes a comprehensive analysis of your industry and market, as well as a deep dive into emerging technologies and trends. We will provide you with actionable insights and recommendations to help you stay ahead of your competitors and position yourself for long-term success. Our team of experts will work closely with you to ensure that our analysis is tailored to your specific business needs.
What kind of data sources is used for the analysis?
We use a variety of data sources for the analysis, including market research reports, industry publications, online databases, and interviews with industry experts. We ensure that the data we use is accurate, reliable, and up-to-date.
What additional support we provide after the analysis is completed?
We provide various ongoing support to help you stay ahead of the curve and implement the recommendations from the analysis. We offer a range of services, including market research, competitive intelligence, and strategic consulting, to help you achieve your business goals.
How do we ensure that the analysis is tailored to your business needs?
We work closely with you to understand your business goals, challenges, and opportunities. We use this information to tailor the analysis to your specific needs and requirements. Our team of experts has extensive experience in a range of industries and can provide customized solutions that meet your unique business needs.
