$450 billion. Estimated size of the counterfeit goods market. “Protecting intellectual property has been a hot topic over the past few years. Sources estimate that the counterfeit goods market is a $450 billion, global business.” (Liza Casabona, “Fighting Knockoffs By Protecting A Brand,” WWD Women’s Wear Daily, February 1, 2006)
$20 billion. Estimated amount spent annually on counterfeit and unlicensed products. “An estimated $20 billion is spent annually on counterfeit and unlicensed products of all kinds - ranging from costly aviation parts to inflatable Minnie Mouse dolls.” (Donna Leccese, “Knockoffs rear their ugly heads,” Playthings, July 1, 1992)
$1.5 billion. Value of business software pirated in China. “In China, U.S. industry estimates that 90 percent of business software, valued at $1.5 billion, is pirated. Worldwide, industry estimates that approximately 40 percent of software programs are pirated.” (Jon Dudas, Acting Under Secretary of Commerce for Intellectual Property and Acting Director of the United States Patent and Trademark Office Testimony before the Committee on Judiciary, United States Senate “Counterfeiting and Theft of Intellectual Property”, March 23, 2004)
Products are counterfeited in only weeks or months after they are released. "It's hard to get patents granted everywhere in the world quickly enough because the pace of copying is so fast. We have counterfeit products in weeks or months after some products are released," (Jonathan Paul Meyer, senior vice president for IP law at Motorola quoted by Sue Marek, “Healing the Patent Process”, Wireless Week, August, 15, 2005)
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$500,000. “You can get a settlement [with a knock-off company] for about a half-million. About 70% to 90% of these companies will settle with you, but you have to have the money to pursue them, and they know it. They figure most inventors don't have the money for a long legal battle." (Jerry Mills, intellectual property attorney at Baker & Botts L.L.P quoted in Rusty Cawley, “Patent Protection,” Dallas Business Journal, June 12, 1998)
$50,000 per week. Estimated amount knockoff companies can make per week selling unlicensed merchandise. “A counterfeiter who has not paid any royalty reportedly can earn up to $50,000 a week selling phony merchandise.” (Donna Leccese, “Knockoffs rear their ugly heads,” Playthings, July 1, 1992)
90% of business software is pirated in China. “In China, U.S. industry estimates that 90 percent of business software, valued at $1.5 billion, is pirated. Worldwide, industry estimates that approximately 40 percent of software programs are pirated.” (Jon Dudas, Acting Under Secretary of Commerce for Intellectual Property and Acting Director of the United States Patent and Trademark Office Testimony before the Committee on Judiciary, United States Senate “Counterfeiting and Theft of Intellectual Property”, March 23, 2004)
40% of commercial software programs are pirated. “Globally, four out of 10 software programs - or 40 percent - are pirated. Reducing that rate 10 points to 30 percent could add 1.5 million jobs, increase economic growth by $400 billion and generate $64 billion in new taxes to help governments fund public programs like education, health care and law enforcement, the IDC study shows.” (Business Software Alliance, “New Economic Impact Study Details Benefits of Strong Copyright Protection,” Washington, D.C., April 2, 2003)