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Digital Rights Management Market 2022: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2031
Digital Rights Management Market
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The global digital rights management market report by the business research company Increasing security concerns to be a major growth driver for the digital rights management market. the extensive use of PCs and laptops has led to an increase in the number of hackers who intrude into corporate and government networks to access and steal critical information for monetary and business gains. Additionally, corporations are looking for a real-time approach to business data along with transmitting and storing data across mobile devices, the cloud, universal serial bus (USB), and disks. For instance, according to the 2021 Cyber Threat Report by SonicWall, there has been a 62% increase in ransomware since 2019. This number is still set to rise more as cyberattacks are becoming more complex and difficult to detect. Digital rights management is also used by healthcare organisations and financial services firms to ensure compliance with data privacy and protection standards such as HIPAA (Health Insurance Portability and Accountability) and Gramm-Leach-Bliley Act (GLB Act or GLBA). Hence, the rise in security concerns is expected to create avenues for market growth in the digital rights management market.
The global digital rights management market is expected to grow from $3.80 billion in 2021 to $4.50 billion in 2022 at a compound annual growth rate (CAGR) of 18.47%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The digital rights management market is expected to reach $8.64 billion in 2026 at a CAGR of 17.68%.
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North America was the largest region in the digital rights management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital rights management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the digital rights management market are Adobe Systems, Apple Inc., Dell EMC Corporation, Oracle Corporation, Microsoft Corporation, Fasoo Inc., Seclore Technology, Sony Corporation, Verisign Inc., Hewlett-Packard, Vera Security Inc., Vitrium Systems Inc., Nextlabs Inc., Intertrust Technologies Corporation, and Vobile Inc
The global digital rights management market is segmented -
1) By Application: Mobile Content, Video On Demand, Mobile Gaming, eBook, Others
2) By End Users: SMEs, Large Enterprise
3) By Industries: Healthcare, Music, Education, BFSI, Legal/Law, Printing and Publication, Software, Television and Film, Others
4) By Deployment Mode: On-Premise, On Cloud
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The Digital rights management market Report Contents Include
1. Executive Summary
2. Digital Rights Management Market Characteristics
3. Digital Rights Management Market Trends And Strategies
4. Digital Rights Management Market - Macro Economic Scenario
5. Digital Rights Management Market Size And Growth
......
26. Africa Digital Rights Management Market
27. Digital Rights Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Rights Management Market
29. Digital Rights Management Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the digital rights management market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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