Information Rights Management Market 2020 | Trends, Industry Development, Challenges, Forecast and Strategies to 2026

Information rights management (IRM) is a form of IT security technology used to protect documents containing sensitive information from unauthorized access. Information rights management protects files from unauthorized copying, viewing, printing, forwarding, deleting, and editing. IRM is an extension to the traditional Microsoft DRM that protects files, however, due to its requirement for a plug in to be loaded to the desktop it is not as widely adopted, IRM protections stay with a file, no matter where it goes or who attempts to access it. Thus, the global information rights management market growth is expected to rise significantly due to rise in adoption across various industry vertical. Organization nowadays are using IRM, which helps them to create and apply custom IRM rules at enterprise level, department level, group level, or user level based on data security, compliance, and governance requirements. It encrypts a file to enforce access policies, once encrypted, the rules of IRM can be applied to a document to allow specific activities.

Increase in trends of BOYD and increase in enterprise mobility in various organizations are the major factors that drive the market growth. In addition, increase in concern about information theft and loss as well as stringent regulations and compliance fuels the information rights management market growth. However, high installation and integration cost and lack of awareness among people hamper the growth of the market. Furthermore, growing potential of IRM in developing nations and adoption of IRM by various SMEs is anticipated to create the major opportunities in the global market.

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The information rights management market is segmented into component, deployment mode, organization size, industry vertical, and region. In terms of component, it is bifurcated into solution and services. The solution segment is further sub-divided into standalone solutions and integrated solutions. The service segment is further sub-divided into professional service and managed services. Based on deployment mode, it is segmented into on-premise and cloud. As per organization size, the market is categorized into large enterprises and small & medium enterprises. As per industry vertical, it is categorized into BFSI, retail & e-commerce, manufacturing, government & defense, energy & utilities, IT & telecom, education, healthcare, and others. Region-wise, the report includes information rights management market analysis across North America, Europe, Asia-Pacific, and LAMEA.

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The information rights management market is dominated by key player such as Oracle Corporation, Microsoft Corporation, Seclore, Nextlabs Inc., Open Text Corporation, Vitrium, Micro Focus, Transperfect, Intralinks Inc., and Citrix Systems, Inc.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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