Press release
Exploring the Global Digital Rights Management In Media And Entertainment Market: A Comprehensive Overview
Digital Rights Management In Media And Entertainment Market
The digital rights management in media and entertainment market size is expected to see rapid growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to emergence of new content platforms, rise of user-generated content, cross-platform content consumption, increased content investment, focus on data privacy, dynamic content delivery models.. Major trends in the forecast period include cloud-based drm solutions, blockchain for enhanced security, cross-platform compatibility, ai and machine learning for content monitoring, standardized drm solutions, multi-channel distribution strategies..
Market Overview -
Digital rights management in media and entertainment is a service for protecting real-time streaming services and digital media using copyrights and license keys. It helps the delivery of media while preserving owners' authorization and privacy rights, which allows only authorized users to access media and prevents unauthorized duplication and distribution of media content.
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Rising Demand For Ott Content Propel The Growth Of The Market
The rising demand for OTT content is expected to propel the growth of digital rights management in the media and entertainment market going forward. Over-the-top (OTT) refers to the method of delivering digital entertainment content such as movie material via the internet as per the need and demands of specific customers. Digital rights management in the media and entertainment in over-the-top (OTT) aids content owners in enforcing content access regulations by preventing customers from duplicating and converting content to other media formats. The content owner establishes these access policies, which specify how the content may be accessed and used. For instance, in August 2022, according to Finder.com Comparison UK Limited, a UK-based independent comparison platform, and information service provider, in the last 12 months, 9 out of 10 Britons have utilized a streaming service. In the UK, 58% of all households have at least one streaming service subscription. This is 5% more than in 2020. Therefore, the rising demand for OTT content is driving the growth of digital rights management in the media and entertainment market.
Competitive Landscape -
Major companies operating in the digital rights management in media and entertainment market report are Google LLC, Microsoft Corporation, Irdeto BV, Apple Inc., Vitrium Systems Inc., Bitmovin Inc., Kudelski Group, Intertrust Technologies Corporation, BuyDRM Inc., Bynder BV, EditionGuard LLC, EZDRM Inc., Verimatrix Inc., Oracle Corporation, Fasoo Inc., International Business Machines Corporation, NextLabs Inc., Sony Corporation, Adobe Systems Incorporated, Conax AS, Dell Technologies Inc., Intralinks Inc., Locklizard Limited, OpenText Corp, Seclore Technology, Vaultize Technologies, Vera Security Inc., Amazon Web Services Inc., Akamai Technologies Inc., Brightcove Inc., Cisco Systems Inc. .
Technological Advancement To Sustain Position
Technological advancement is a key trend gaining popularity in digital rights management in the media and entertainment market. Major companies operating in the market are developing advanced technologies and software to sustain their position in the market. For instance, in April 2023, Amazon Web Services (AWS), a US-based company that provides on-demand cloud computing platforms, launched a free AWS Learning Plan and Digital Badge for Media and Entertainment (M&E) for Direct-to-Consumer (D2C) and Broadcast Foundations. The learning plan, created by AWS for M&E solution experts, educates executives, industry professionals, and technologists about the AWS services and best practices to apply to Broadcast and Direct-to-Consumer (D2C) workflows in the cloud .
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Key Segments -
The digital rights management in media and entertainment market covered in this report is segmented -
1) By Enterprise Size: Small And Medium Entreprises, Large Enterprises
2) By Application: Mobile Content, Video On Demand (VoD), Mobile Gaming And Apps, Ebook
3) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Printing And Publication Educational, Television And Film
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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