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Digital Rights Management Market is Predicted to Progress at a CAGR of 13.5% from 2022 - 2032 | Future Market Insights, Inc.
Digital Rights Management Market
Also, with rapid growth in the usage of PCs and laptops, there have been various incidences of hacking that interfere with government and corporate networks to gain access to confidential details. With the increasing penetration of digital devices, data volume has increased significantly, thus, expanding the market size in the forecast period. Also, the growing popularity of the BYOD trend among corporates has provided the impetus to the market expansion, offering various opportunities for real-time access to business information with a flexible work culture.
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In addition, with the increasing demand for OTT content, the market is likely to witness notable opportunities for expansion in the assessment period. The increasing popularity of OTT platforms like Netflix, Hulu, Amazon Prime, and Disney Plus among others is predicted to positively influence the market. On the contrary, additional overhead costs and associated complexities with DRM are likely to hinder the market growth in the coming time. However, with continuous developments in data security like up-gradation to end-to-end encryption are expected to counter the negative factors and support the market expansion in the coming years.
Key Takeaways from the Market Study:
The global digital rights management market to value US$ 17.8 Billion from 2022-2032
The global digital rights management market to witness a 13.5% growth rate from 2022-2032
The software segment, by component, to expand at 9.8% CAGR from 2022-2032
The On-premise segment, by deployment, to exhibit a 6.7% growth rate by 2032
The U.S market to expand at 9.8% CAGR and garner US$ 3.1 Billion by 2032
Market in China to procure USD 90 Mn from 2022-2032
Indian market to secure US$ 500 Million during the forecast period
Competition Analysis
Key players in the global digital rights management market include Adobe Systems Incorporated, Apple Inc., Conax AS, Dell EMC, and Fasoo.com Inc., among others. Recent key developments among players include:
In January 2020, Seclore, a data-centric security platform in the U.S, rolled out Seclore for O365. Organizations are using digital right management technologies to secure sensitive data information.
In February 2021, RAIR Technologies announced a decentralized digital rights management platform. It was built to power digital scarcity for creators.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global digital rights management market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Covered In The Digital Right Management Industry Report
Digital Rights Management by Component:
Digital Rights Management Software
Digital Rights Management Services
Digital Rights Management by Deployment Type:
On-Premise Digital Rights Management
Cloud-Based Digital Rights Management
Digital Rights Management by End Use Industry:
Digital Rights Management for Healthcare
Digital Rights Management for BFSI
Digital Rights Management for Government
Digital Rights Management for Media and Entertainment
Digital Rights Management for Retail
Digital Rights Management for Other End Use Industries
Digital Rights Management by Region:
North America Digital Rights Management Market
Europe Digital Rights Management Market
Asia-Pacific Digital Rights Management Market
Middle East & Africa Digital Rights Management Market
South America Digital Rights Management Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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