Press release
Digital Rights Management In Media And Entertainment Market Set to Reach $8.24 Billion by 2029 with 20% Yearly Growth
Digital Rights Management In Media And Entertainment Market Size
The accelerated growth of the media and entertainment market's digital rights management is largely attributed to the surging demand for OTT content. Over-the-top (OTT) is a medium for delivering digital amusement material, such as films, via the internet to cater to the specific requirements and preferences of customers. The digital rights management associated with media and entertainment in OTT facilitates content owners in imposing regulations on content access. This is achieved by barring users from copying or translating content into different media formats. The proprietor of the content sets these access rules, determining how a piece of content can be accessed and utilized. For instance, in November 2023, Ormax Media, a company based in India that excels in providing audio equipment and solutions, reported that the OTT platforms' cumulative viewership reached more than 481 million. This was a substantial growth of 13.5%, up from a projected 424 million in 2022. Consequently, the surge in OTT content demand is fueling the rise of digital rights management in the media and entertainment market.
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How will the growth rate of the digital rights management in media and entertainment market shape industry trends by 2034?
The media and entertainment sector's digital rights management market has experienced rapid expansion in the past few years. The market size is expected to surge from $3.42 billion in 2024 to $4 billion in 2025, with a compound annual growth rate (CAGR) of 17.2%. This historical growth is due to factors such as the transition to digital distribution, content globalization, the emergence of diverse content formats, the rise in online streaming, the need to safeguard intellectual property, and the increasing consumer demand for accessibility.
The estimated market size of digital rights management within the media and entertainment domain is foreseen to experience swift expansion in the upcoming years, growing to $8.24 billion in 2029 with a compound annual growth rate (CAGR) of 19.8%. The projected growth in this period is largely due to the advent of novel content platforms, increase in user-produced content, consumption of content across multiple platforms, enhanced investment in content, prioritisation of data privacy, and fluid content delivery models. Significant trends for this forecast period comprise of DRM solutions rooted in cloud technology, the use of blockchain for superior security, cross-platform compatibility, utilisation of AI and machine learning for content surveillance, standardised DRM solutions, and strategies structured around multi-channel distribution.
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What trends are poised to drive the future success of the digital rights management in media and entertainment market?
The rise of technology is an emerging trend in the digital rights management for the media and entertainment sector. Leading businesses in this sphere are creating novel technologies and software to maintain their market status. For example, Amazon Web Services (AWS), an American corporation that offers cloud computing platforms on demand, introduced a complimentary AWS Learning Plan and Digital Badge for Media and Entertainment (M&E) for Direct-to-Consumer (D2C) and Broadcast Foundations in April 2023. The training plan, designed by AWS for M&E solution specialists, provides information to executives, professionals in the field, and technologists about the AWS services and the most effective strategies for implementing Broadcast and Direct-to-Consumer (D2C) processes in cloud based environments.
Which primary segments of the digital rights management in media and entertainment market are driving growth and industry transformations?
The digital rights management in media and entertainment market covered in this report is segmented -
1) By Enterprise Size: Small And Medium Enterprises, 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
Subsegments:
1) By Small And Medium Enterprises (SMEs): Small Enterprises, Medium Enterprises
2) By Large Enterprises: Global Corporations, Regional Corporations
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Which geographical regions are pioneering growth in the digital rights management in media and entertainment market?
North America was the largest region in the digital rights management in media and entertainment market in 2024. The regions covered in the digital rights management in media and entertainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the digital rights management in media and entertainment market landscape?
Major companies operating in the digital rights management in media and entertainment market include Google LLC, Microsoft Corporation, Irdeto BV, Apple Inc., Vitrium Systems Inc., Bitmovin Inc., Kudelski Group, Intertrust Technologies Corporation, BuyDRM Inc., EditionGuard LLC, EZDRM Inc., Verimatrix Inc., Oracle Corporation, Fasoo Inc., International Business Machines Corporation, NextLabs Inc., Sony Corporation, Adobe Systems Incorporated, Conax AS, Locklizard Limited, OpenText Corp, Seclore Technology, Vera Security Inc., Amazon Web Services Inc., Akamai Technologies Inc., Brightcove Inc., Cisco Systems Inc.
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What Is Covered In The Digital Rights Management In Media And Entertainment Global Market Report?
• Market Size Forecast: Examine the digital rights management in media and entertainment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the digital rights management in media and entertainment market for a structured understanding.
• Key Players Overview: Analyze major players in the digital rights management in media and entertainment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital rights management in media and entertainment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the digital rights management in media and entertainment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital rights management in media and entertainment market.
• Industry Challenges: Identify potential risks and obstacles affecting the digital rights management in media and entertainment market.
• Competitive Landscape: Review strategic developments in the digital rights management in media and entertainment market, including expansions, agreements, and new product launches.
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