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Key Influencer in the Blockchain in Digital Rights Management Market 2025: Impact Of Online Gaming On Blockchain In Digital Rights Management Market Driver
Blockchain in Digital Rights Management Market
The blockchain in digital rights management market has also expanded exponentially in recent years. It is expected to grow from $0.16 billion in 2024 to $0.25 billion in 2025, at an impressive CAGR of 54.5%. The previous growth can be attributed to the demand for secure content distribution, anti-piracy initiatives, the rising need for decentralized DRM solutions, inefficiencies in traditional DRM methods, fair compensation concerns, increased blockchain adoption, and the rise of content monetization platforms.
The blockchain in digital rights management (DRM) market is expected to reach $1.42 billion by 2029, with a CAGR of 54.2%. Growth is driven by digital content expansion, IP rights protection, smart contract integration, and blockchain-DRM adoption. Trends include decentralized content marketplaces, non-fungible tokens (NFTs), and interoperability in blockchain DRM solutions.
What Factors Are Propelling the Expansion of the Blockchain in Digital Rights Management Market?
The increasing popularity of online gaming is expected to drive the growth of the blockchain in the digital rights management market in the future. Online gaming, involving the activity of playing video games over the Internet, has surged due to factors like esports, competitive tournaments, live streaming, and the widespread availability of smartphones. Blockchain technology in digital rights management provides a decentralized, transparent, and secure framework for managing and protecting digital assets such as in-game items, virtual currency, and game licenses. It also enhances interoperability, allowing players to use their assets across different platforms and games. For instance, according to Uswitch Communications Ltd., UK-based, sales of digital games in the UK increased by one million units between 2021 and 2022. Additionally, nearly 40% of the global population were online gamers in 2023. Therefore, the rising popularity of online gaming is contributing to the growth of blockchain in the digital rights management market.
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Which Businesses Are at the Forefront of Blockchain in Digital Rights Management Market Development?
Major companies operating in the blockchain in digital rights management market are Microsoft Corporation, Sony Corporation, International Business Machines Corporation, Oracle Corporation, Adobe Systems Incorporated, Verisign Inc., Kudelski Group, Blockchain.com Inc., ConsenSys LLC, Irdeto Inc., Exodus Information Technology Pvt. Ltd., Applied Digital Corporation, Mediachain Labs Inc., Axoni Inc., Eluvio Inc., Bitmark Inc., Custos Media Technologies Inc., Scenarex Inc., Pixsy Inc., Provenance Blockchain Inc., Binded Inc., Enterprise Ethereum Alliance, Theta Labs Inc., Publica Ltd., Gilgamesh Platform Inc., RecordsKeeper Technologies Inc.
What Are the Latest Innovations in the Blockchain in Digital Rights Management Market?
Leading companies in the blockchain-based digital rights management market are adopting advanced solutions, such as digital rights management (DRM) tools, to drive revenue growth. A DRM tool is a software solution that utilizes blockchain technology to manage and protect digital assets, including media files, documents, and software, by enforcing access control, usage restrictions, and encryption. For instance, in January 2024, Elastos, a Singapore-based blockchain-powered internet operating system, launched Elacity DRM, a new DRM tool tailored for Web3, with a focus on video content creators. Elacity DRM incorporates the Access Economy Protocol (AEP), integrating non-fungible token (NFT) technology and decentralized DRM to enable creators to distribute, monetize, and resell their content with defined scarcity levels. This tool ensures digital asset security while maintaining their intrinsic value in the Web3 ecosystem. Built on the Elastos Smart Chain (ESC) and EVM-compatible, it is accessible to a broad range of developers on the Elastos SmartWeb.
How Is the Blockchain in Digital Rights Management Market Segmented?
The blockchain in digital rights management market covered in this report is segmented -
1) By Type: Public Blockchain, Private Blockchain
2) By Application: Content Protection And Security, Royalty Tracking And Payments
3) By End User: Content Creators And Artists, Media And Entertainment Companies
Subsegments:
1) By Public Blockchain: Permissionless Blockchain, Permissioned Blockchain
2) By Private Blockchain: Consortium Blockchain, Fully Private Blockchain
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Where Is the Blockchain in Digital Rights Management Market Growth Most Prominent?
North America was the largest region in the blockchain in digital rights management market in 2024. The regions covered in the blockchain in digital rights management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Blockchain in Digital Rights Management Global Market Report?
- Market Size Analysis: Analyze the Blockchain in Digital Rights Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blockchain in Digital Rights Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blockchain in Digital Rights Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blockchain in Digital Rights Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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