IMARC Group, a leading market research company, has recently releases report titled “Digital Rights Management (DRM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global digital rights management (DRM) market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the digital rights management (DRM) market?
The global digital rights management (DRM) market size reached US$ 4.47 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.45 Billion by 2028, exhibiting a growth rate (CAGR) of 15.30% during 2023-2028.
What is digital rights management (DRM)?
Digital rights management (DRM) is a systematic approach to copyright protection for digital media. It prevents unauthorized redistribution of digital content and restricts the ways consumers can copy the content they’ve purchased.
DRM products were developed in response to the rapid increase in online piracy of commercially marketed material, which proliferated through the widespread use of peer-to-peer file exchange programs. Typically, a DRM system protects intellectual property by either encrypting the data so that it can only be accessed by authorized users or marking the content with a digital watermark or a similar method so that the content cannot be freely distributed. The goal of DRM is to control the use, modification, and distribution of copyrighted works, as well as systems within devices that enforce these policies.
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What are the growth prospects and trends in the digital rights management (DRM) industry?
The rising digital content, such as e-books, music, movies, and software, requires enhanced protection, which represents one of the key factors driving the growth of the market across the globe. In line with this, the growing instances of online piracy necessitate robust DRM measures to protect intellectual property rights. Governments and regulatory bodies implementing stringent regulations on copyright protection further propel the adoption of DRM solutions. The market is also driven by the expansion of streaming platforms necessitates secure content distribution, which is pushing the need for DRM technologies. In addition to this, the rising integration of cloud computing with DRM provides scalable and flexible solutions, which is boosting the market growth.
The increasing Internet penetration and digitalization in emerging economies are fueling the demand for DRM solutions. Continuous innovation in DRM technologies offers enhanced security measures, which is driving the market adoption. Apart from this, the growing awareness among content creators and consumers about intellectual property rights is creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- Adobe Inc.
- CapLinked Inc.
- DivX LLC
- EZDRM Inc.
- Fasoo Inc.
- Google LLC (Alphabet Inc.)
- LockLizard Limited
- NextLabs Inc.
- OVH Groupe SAS
- Seclore
- Vitrium Systems Inc.
- Vobile Group Limited
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component Type:
- Solutions
- Services (Consulting, Integration, Operation and Maintenance)
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Application:
- Video-on-demand
- Mobile Content
- Mobile Gaming
- Others
Breakup by End Use Industry:
- Media and Entertainment
- IT and Telecommunication
- BFSI
- Healthcare
- Education
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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