GITNUX MARKETDATA REPORT 2024

Intellectual Property Theft Statistics [Fresh Research]

With sources from: ibm.com, iipa.com, epo.org, microsoft.com and many more

In this post, we will explore a comprehensive collection of statistics pertaining to intellectual property theft, shedding light on its global impact and implications. From the astounding economic value of counterfeit goods to the substantial losses incurred by various industries, these statistics paint a stark picture of the prevalence and consequences of intellectual property theft in today’s world.

Statistic 1

"Global economic value of counterfeit and pirated goods: $1.13 trillion"

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Statistic 2

"Average cost per data breach for US companies: $8.64 million"

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Statistic 3

"1 in 10 software products installed worldwide are unlicensed"

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Statistic 4

"China accounts for 87% of counterfeit goods seized in the US"

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Statistic 5

"13.4% of global trade: counterfeit or pirated goods"

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Statistic 6

"Intellectual Property Theft cost to G20 economies: $72 billion"

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Statistic 7

"Estimated cost of worldwide online piracy: $63.3 billion"

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Statistic 8

"US copyright industries contribute $1.3 trillion to the national economy"

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Statistic 9

"US companies lose $29 billion annually to counterfeit electronic parts"

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Statistic 10

"Global losses from digital video piracy: $71.8 billion"

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Statistic 11

"78% increase in worldwide seizures of counterfeit pharmaceuticals from 2005 to 2010"

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Statistic 12

"Estimated 200%-300% revenue increase for SMEs when IP protection strategies are implemented"

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Statistic 13

"11% of global internet traffic: IP-infringing traffic"

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Statistic 14

"Global losses from counterfeit mobile phones: $6.9 billion"

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Statistic 15

"31% of businesses have experienced IP theft via a cyber attack"

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Interpretation

The statistics presented paint a grim picture of the pervasive impact of intellectual property theft on global economies and industries. The staggering economic value of counterfeit and pirated goods, the high costs of data breaches and online piracy, and the significant losses experienced by businesses due to counterfeit parts and products highlight the urgent need for enhanced IP protection measures. With a significant portion of global trade compromised by counterfeiting and piracy, it is clear that coordinated efforts are required to combat this growing threat. Implementing effective IP protection strategies not only safeguards businesses and economies but also fosters innovation and growth, as evidenced by the substantial revenue increases seen by SMEs. The statistics underscore the critical importance of addressing intellectual property theft to ensure a fair and sustainable global marketplace.

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