The Digital Rights Management Market size was valued at USD 4.7 Billion in 2023 and is expected to reach USD 12.8 Billion by 2031 and grow at a CAGR of 13.2% over the forecast period 2024-2031.
The technique used to safeguard digital media is known as digital rights management. The major goal is to prevent the unauthorized distribution of digital media material and the imposition of copy limitations on content. It is an access control system that is used to secure policies over the internet. The mechanisms that implement these regulations aided businesses in directing the modifications and distribution of protected information. It is widely used in mobile gaming, mobile content, and other areas.
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Digital rights management (DRM) is a software program or technology-enabled system that controls and monitors unlawful digital material access. DRM enables the management, monitoring, organization, and dissemination of digital content, with systems installed on-premise, in the cloud, or in a hybrid format. Health care, BFSI, government, media & entertainment, and retail & consumers are among the industries that can profit from the digital rights management software. The media and entertainment industries are the most prevalent users of digital rights management. This is partly due to the enormous volume of information produced, its widespread internet distribution, and the expanding number of media and entertainment organizations, all of which raise the desire for improved control over photos, videos, and audios from many sources.
KEY DRIVERS:
There is a greater need to defend intellectual property.
Increased use of digital gadgets and technologies.
heightened susceptibility to cyberattacks.
RESTRAINTS:
Overhead expenditures and expensive digital rights management solutions.
OPPORTUNITY:
OTT platform expansion.
Increased corporate demand for data security.
CHALLENGES:
Legal precedents are hazy.
During the projection period, the COVID-19 pandemic is likely to boost the market growth. Many sectors have seen a big beneficial shift in their companies as a result of the Covid-19 epidemic. The digital rights management sector has grown significantly as a result. Furthermore, some incidences of cybercrime have been reported. The cyber danger has grown as every demographic has sought information on COVID-19 utilizing a malicious domain name registered with names like COVID-19 or coronavirus. Furthermore, in recent years, identical commercial email accounts have been exploited to carry out cyber-attacks. As cyber dangers become more prevalent, more businesses are using digital rights management systems to prevent hazards and risks.
MARKET ESTIMATION
The video-on-demand category led the worldwide digital rights management market share in 2021 and is likely to retain its dominance in the future years. It safeguards video material while assuring seamless transmission and playback. It also prevents the viewing of these videos on portable media devices. This characteristic of video protection is pushing the development of DRM technologies.
The mobile content area is especially important in the industry. As smartphones become more popular, massive volumes of sensitive data containing sensitive information are created. As a result, several data security flaws emerge. DRM technology protects mobile content from cyber-attacks.
Sub-departments are common in large corporations. For their operations to run well, these departments must coordinate with other departments both within and outside the corporation. Various firms are progressively embracing DRM solutions to control the data of huge enterprises' enormous client base. Large firms primarily focus on serving their clients and enhancing their entire experience with the company in order to efficiently serve to a large number of consumers, which promotes the market's growth. The growing use of the cloud in major companies has raised concerns about data security in the cloud.
The media and entertainment categories are expected to lead the market by end-use during the forecast period of 2023-2030. The segment's expansion can be attributed to high-speed internet access and the increasing usage of subscription-based entertainment products. This is due to increased internet speed and the growing popularity of subscription-based entertainment technologies. The need for digital rights management systems to offer copyright protection for digital material is increasing as a result of the vast volume of data generated by video and music streaming services.
On The Basis of Application
Mobile Content
Mobile Gaming
Video-on-demand
Others
On The Basis of Deployment Mode
Cloud
On-premises
On The Basis of Enterprise Size
SME
Large Enterprise
On The Basis of Industry Vertical
BFSI
Healthcare
Printing and Publication Educational
Television and Film
Others
REGIONAL ANALYSIS:
Since the previous decade, the region's significant rise in smartphones and other mobile devices has spurred demand for digital media accessibility in mobile devices. The use of IPTV, OTT, and IoT technologies is skyrocketing among consumers throughout the area. Furthermore, Asia-Pacific has a larger client base than the other regions, which is helping to increase demand for the DRM application market during the projection period. Furthermore, the increased presence of startup organizations offering novel solutions is expected to boost market expansion across the region. The consumption of digital media in North America is expected to grow in the coming years. Consumer adoption of IPTV, OTT, and IoT technologies in the area is expected to enhance the North American digital rights management market in the coming years.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Adobe, Apple Inc., Dell Inc., DivX, LLC., Fasoo, IBM Corporation, Microsoft Corporation, NEXTLABS INC., Oracle Corporation, Sony Corporation and Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 4.7 Billion |
| Market Size by 2031 | USD 12.8 Billion |
| CAGR | CAGR 13.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Application (Mobile Content, Mobile Gaming, Video-on-demand, and Others) • by Deployment Mode (Cloud and On-premises) • by Enterprise Size (SME and Large Enterprise) • by Industry Vertical (BFSI, Healthcare, Printing, and Publication Educational, Television and Film, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Adobe, Apple Inc., Dell Inc., DivX, LLC., Fasoo, IBM Corporation, Microsoft Corporation, NEXTLABS INC., Oracle Corporation, and Sony Corporation |
| Key Drivers | •There is a greater need to defend intellectual property. •Increased use of digital gadgets and technologies. |
| Market Restraints | •Overhead expenditures and expensive digital rights management solutions. |
Ans: - The Digital Rights Management Market size was valued at USD 4.05 Bn in 2022.
Ans: - There is a greater need to defend intellectual property and Increased use of digital gadgets and technologies.
Ans: - The segments covered in the Digital Rights Management Market report for study are on the Basis of Application, Deployment Mode, Enterprise Size, and Industry Vertical.
Ans: - The major key players are Adobe, Apple Inc., Dell Inc., DivX, LLC., Fasoo, IBM Corporation, Microsoft Corporation, NEXTLABS INC., Oracle Corporation, and Sony Corporation.
Ans: - The study includes a comprehensive analysis of Digital Rights Management Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Rights Management Market Segmentation, by Application
8.1 Mobile Content
8.2 Mobile Gaming
8.3 Video-on-demand
8.4 Others
9. Digital Rights Management Market Segmentation, by Deployment Mode
9.1 Cloud
9.2 On-premises
10. Digital Rights Management Market Segmentation, by Enterprise Size
10.1 SME
10.2 Large Enterprise
11. Digital Rights Management Market Segmentation, by Industry Vertical
11.1 BFSI
11.2 Healthcare
11.3 Printing and Publication Educational
11.4 Television and Film
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Adobe
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Apple Inc.
13.3 Dell Inc.
13.4 DivX, LLC.
13.5 Fasoo
13.6 IBM Corporation
13.7 Microsoft Corporation
13.8 NEXTLABS INC.
13.9 Oracle Corporation
13.10 Sony Corporation
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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