The theft of intellectual property is a growing problem that has serious economic and social implications. According to the United Nations Office on Drugs and Crime, global counterfeit and pirated goods are estimated to be worth $1.13 trillion annually. In the US alone, it is estimated that counterfeiting costs between $225 billion to $600 billion each year in lost revenue for businesses. Data breaches also cost companies an average of 8.64 million dollars per incident in the US market alone, while unlicensed software products account for 1 out 10 installed worldwide – with China accounting for 87% of all counterfeit goods seized by American authorities according to Politifact’s fact-checkers from 2019.
In addition, 13 percent of global trade consists of fake or pirated items; 92 percent of software licensing revenues are lost due to piracy; there was an 8 percent decline in software piracy since 2004 resulting in 53 billion dollar losses; G20 economies suffer 72 billion dollars loss due music piracy every year; 63 billions were lost globally as a result online piracy activities during 2020 ; 12 point 5 billions were stolen from copyright industries yearly ; 29 billions were taken away from U S companies through electronic parts counterfeiting ; 71 point 8 billons euros have been robbed off European countries via IP thefts , 200%-300% increase can be seen when SMEs implement protection strategies against such crimes . 11 %of internet traffic consist IP infringing traffics which resulted 6point 9billions losses globally . 31 %businesses experienced cyber attack related Intellectual Property Thefts recently according too Hiscox Cyber Readiness Report 2021 UK edition .
These statistics demonstrate just how pervasive intellectual property theft has become across multiple sectors around the world – costing governments and businesses alike hundreds upon hundreds millions if not trillions each year.
Intellectual Property Theft Statistics Overview
1 in 10 software products installed worldwide are unlicensed
This statistic is a stark reminder of the prevalence of Intellectual Property Theft. It highlights the fact that, despite the efforts of governments and organizations to protect intellectual property, a significant portion of software products are still being used without proper licensing. This has serious implications for the software industry, as it means that developers and companies are not being adequately compensated for their work.
China accounts for 87% of counterfeit goods seized in the US
This statistic is a stark reminder of the prevalence of Intellectual Property Theft in China. It highlights the need for increased vigilance and enforcement of Intellectual Property laws in the country, as well as the need for greater international cooperation to combat the issue.
13.4% of global trade: counterfeit or pirated goods
This statistic is a stark reminder of the prevalence of Intellectual Property Theft in the global market. It highlights the sheer magnitude of the problem, with 13.4% of global trade being comprised of counterfeit or pirated goods. This statistic serves as a call to action, urging us to take steps to protect our intellectual property and ensure that it is not stolen or misused.
Intellectual Property Theft cost to G20 economies: $72 billion
This statistic is a stark reminder of the immense financial burden Intellectual Property Theft places on G20 economies. With a staggering $72 billion in losses, it is clear that Intellectual Property Theft is a serious issue that needs to be addressed.
Estimated cost of worldwide online piracy: $63.3 billion
This staggering statistic serves as a stark reminder of the immense financial losses incurred due to intellectual property theft. It is a stark reminder of the need for greater protection of intellectual property rights, as the cost of online piracy is a significant drain on the global economy.
US copyright industries contribute $1.3 trillion to the national economy
The statistic that US copyright industries contribute $1.3 trillion to the national economy is a powerful reminder of the immense value of intellectual property. It serves as a stark reminder of the immense financial losses that can be incurred when intellectual property is stolen. It also highlights the importance of protecting intellectual property and the need for effective measures to prevent theft.
US companies lose $29 billion annually to counterfeit electronic parts
The staggering statistic of US companies losing $29 billion annually to counterfeit electronic parts serves as a stark reminder of the immense financial burden of intellectual property theft. This figure is a testament to the fact that IP theft is a serious issue that needs to be addressed, and that companies must take steps to protect their valuable assets.
Global losses from digital video piracy: $71.8 billion
The staggering statistic of $71.8 billion in global losses from digital video piracy serves as a stark reminder of the immense financial damage caused by intellectual property theft. This figure is a testament to the fact that intellectual property theft is a serious issue that needs to be addressed.
78% increase in worldwide seizures of counterfeit pharmaceuticals from 2005 to 2010
This statistic is a stark reminder of the prevalence of intellectual property theft, particularly in the pharmaceutical industry. It highlights the need for increased vigilance and enforcement of laws to protect against counterfeiting and other forms of IP theft. The 78% increase in worldwide seizures of counterfeit pharmaceuticals from 2005 to 2010 is a clear indication that more needs to be done to protect the rights of inventors and creators.
Estimated 200%-300% revenue increase for SMEs when IP protection strategies are implemented
The statistic of a 200%-300% revenue increase for SMEs when IP protection strategies are implemented is a powerful reminder of the importance of safeguarding intellectual property. It serves as a reminder that the effort and resources invested in protecting IP can pay off in a big way. This statistic is a testament to the fact that IP theft can have a significant impact on a business’s bottom line, and that taking the necessary steps to protect IP can be a worthwhile investment.
11% of global internet traffic: IP-infringing traffic
This statistic is a stark reminder of the prevalence of Intellectual Property Theft in the digital age. With 11% of global internet traffic being IP-infringing, it is clear that the issue of IP theft is far from being solved. This statistic serves as a call to action for those who are concerned about protecting their intellectual property rights.
Global losses from counterfeit mobile phones: $6.9 billion
This statistic serves as a stark reminder of the immense financial damage caused by intellectual property theft. With a staggering $6.9 billion in losses from counterfeit mobile phones alone, it is clear that the issue of IP theft is far from trivial.
31% of businesses have experienced IP theft via a cyber attack
This statistic is a stark reminder of the prevalence of intellectual property theft via cyber attacks. It serves as a warning to businesses that they must take proactive steps to protect their IP from malicious actors. It also highlights the importance of having robust security measures in place to prevent such attacks from occurring in the first place.
Conclusion
The statistics presented in this blog post demonstrate the significant economic impact of intellectual property theft. From counterfeit and pirated goods to unlicensed software products, IP theft is estimated to cost global economies trillions of dollars each year. In addition, businesses are losing billions due to cyber attacks that target their intellectual property assets. It is clear that protecting these valuable resources must be a priority for governments and companies alike if they want to remain competitive in today’s digital economy.
References
0. – https://www.ibm.com
1. – https://www.iipa.com
2. – https://www.epo.org
3. – https://www.microsoft.com
4. – https://www.apps.who.int
5. – https://www.hiscox.co.uk
6. – https://www.gruposantander.es
7. – https://www.bsa.org
8. – https://www.digitaltvresearch.com
9. – https://www.parksassociates.com
10. – https://www.cisco.com
11. – https://www.unodc.org
12. – https://www.politifact.com
13. – https://www.repository.upenn.edu
14. – https://www.oecd.org
