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Digital Rights Management In Media And Entertainment Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Digital Rights Management In Media And Entertainment Market
How Large Will the Digital Rights Management In Media And Entertainment Market Size By 2025?
Over recent years, the market size for digital rights management in media and entertainment has seen swift expansion. This is forecasted to continue, increasing from $3.42 billion in 2024 to $3.97 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.3%. Factors contributing to this significant growth during the historical period include the transition to digital distribution, content globalization, the variety in content formats, a rise in online streaming, protection of intellectual property, and an augmenting consumer demand for accessibility.
How Big Is the Digital Rights Management In Media And Entertainment Market Size Expected to Grow by 2029?
The market size for digital rights management in the media and entertainment industry is predicted to experience significant expansion in the upcoming years, reaching $8.07 billion by 2029 at a CAGR of 19.4%. The anticipated growth during the forecast period can be credited to the advent of new content platforms, proliferation of user-generated content, multi-platform content usage, increased investments in content, and emphasis on data privacy, along with evolving content delivery models. The forecast period also foresees prominent trends such as DRM solutions grounded on cloud technology, blockchain for improved security, compatibility across different platforms, the application of AI and machine learning in content monitoring, standardized DRM solutions, and strategies for distribution across multiple channels.
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Which Key Market Drivers Powering Digital Rights Management In Media And Entertainment Market Expansion and Growth?
The growth of digital rights management in the media and entertainment market is set to be driven by the increasing demand for OTT content. OTT, or over-the-top, delivery of digital entertainment content such as movies via the internet, tailored to suit specific customer needs and demands. The use of digital rights management in OTT in the media and entertainment industry allows content owners to implement content access policies to prevent customers from copying or altering the content to other media formats. These access policies are determined by the content owners, outlining the way the content can be accessed and utilized. For instance, Ormax Media, an Indian firm specializing in audio equipment and services, reported that in November 2023, the aggregate audience for OTT platforms had risen to over 481 million, marking a 13.5% increase from the projected 424 million in the year 2022. As such, the increasing demand for OTT content contributes to the expansion of digital rights management in the media and entertainment industry.
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Which Fast-Growing Trends Are Poised to Disrupt the Digital Rights Management In Media And Entertainment Market?
The surge in technological advancements is a prominent trend gaining traction in the media and entertainment market's digital rights management. Leading corporations in the sector are devising sophisticated software and technologies to stay competitive. As an illustration, in April 2023, Amazon Web Services (AWS), an American firm offering on-demand cloud-based platforms, introduced a free AWS Learning Plan and Digital Badge specifically for Media and Entertainment (M&E) for Direct-to-Consumer (D2C) and Broadcast Foundations. This educational program, curated by AWS for M&E specialists, imparts knowledge about AWS services and optimum methods to put in practice for broadcast and Direct-to-Consumer (D2C) operations in the cloud.
What Are the Emerging Segments in the Digital Rights Management In Media And Entertainment Market?
The digital rights management in media and entertainmentmarket 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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Who Are the Global Leaders in the Digital Rights Management In Media And Entertainment Market?
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.
Which are the Top Profitable Regional Markets for the Digital Rights Management In Media And Entertainment Industry?
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
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