Beyond 2023: A Look into the Future of the Digital Rights Management (DRM) Market, with Forecasts to 2028

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 share, size, 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) constitutes a vital framework for safeguarding digital content and managing its distribution in diverse contexts, offering distinct advantages and solutions. This specialized system addresses specific imperatives within sectors that rely on its unique capabilities and features. DRM stands as a noteworthy contribution to the digital landscape, redefining how industries harness its potential for various objectives. The defining attribute of DRM lies in its adaptability, spanning from content protection to licensing management, where it plays a pivotal role in achieving desired outcomes. It functions as a crucial mechanism in controlling access, usage, and distribution across a spectrum of digital environments, delivering substantial benefits.

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What are the growth prospects and trends in the digital rights management (DRM) industry?

The increasing need for secure digital content distribution and the quest for robust copyright protection drive the expansion of the DRM market. Furthermore, industries encompassing media, entertainment, software, and more recognize the significance of integrating DRM to fulfill their distinct requirements. In addition to this, DRM technology is emerging as a key enabler in these endeavors, offering unparalleled features that contribute to desired results and subsequently propelling market growth. Additionally, adherence to quality standards and the pursuit of dependable content protection solutions considerably shape the trajectory of the DRM market. As industries seek reliable methods to preserve and monetize their digital assets, DRM provides a versatile and effective solution that safeguards intellectual property and enables controlled access. Furthermore, research and development play a pivotal role in optimizing the capabilities of DRM. Other factors, including the development of user-friendly interfaces, alignment with evolving legal frameworks, and the exploration of interoperable DRM solutions, are propelling the growth of the DRM market.

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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.