Digital Rights Management Market – Vietnam Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Application (Mobile Content, Video on Demand, Mobile Gaming, eBook, others), By End User (SME and Large Enterprises), By Deployment (On Premise and Cloud), By Industry Vertical (Healthcare, Music, Education, BFSI, Legal/Law, Printing and Publication, Television and Film, Othe
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDigital Rights Management Market – Vietnam Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Application (Mobile Content, Video on Demand, Mobile Gaming, eBook, others), By End User (SME and Large Enterprises), By Deployment (On Premise and Cloud), By Industry Vertical (Healthcare, Music, Education, BFSI, Legal/Law, Printing and Publication, Television and Film, Othe
Vietnam digital rights management market is anticipated to grow at an impressive CAGR during the forecast period, 2023-2027. Change in consumers' preference to watch OTT platforms, deployment of high-speed internet connection, and proliferation of smart devices are the key drivers for the Vietnam digital rights management market. Growing awareness about the benefits of implementing digital rights management solutions among the OTT service providers and large market capture by foreign market players are expected to create numerous growth opportunities for the Vietnam digital rights management market through the next five years.
Rise in Internet Penetration Drives the Market Growth
Ongoing advancements in Information and Communication Technology (ICT) and ICT-based infrastructure coupled with the expected roll-out of 5G technology in the country are expected to accelerate the development of the digital rights management market. With the growing technological development and digitization of information, the need to share information among users is expanding at a rapid rate. The rise in the number of OTT platforms and the massive number of subscriptions purchased by users emphasizes the need to prevent unauthorized usage and copying of data, which results in financial losses for online service provider companies. To enable the distribution of copyrighted content by using internet facilities in digital forms is bolstering the need to protect the information and content from unauthorized users.
Emergence of Local Market Players Supports Market Growth
Digital rights management solutions are still at a nascent stage in Vietnam. Growing investments for research and development activities by the local market players and the introduction of advanced digital rights management solutions are expected to garner the customer's attraction. Thu Do Multimedia JSC is the first technology to develop digital content copyright solutions satisfying international standards. They combine the technology of Fingerprint Online (solution for detecting re-streaming video sources) and DRM (Digital Right Management) to detect the infringements of re-streaming of video. Vietnamese content owners are actively adopting domestic solutions to ensure digital content privacy.
The development of digital rights management solutions by the local companies is expected to benefit the local content providers and owners in Vietnam, as investing in foreign solutions is expensive. Also, obtaining a security key and coordinating with local market players is easier for negotiation, upgradation, and security. The local market players and technological advancements are expected to prove as a positive factor for Vietnam digital rights management market.
Increase in Copyright Violations Fuels the Market Growth
The surge in security concerns and increased enterprise digital rights management solution adoption is expected to influence the Vietnam digital rights management market demand. Primary applications of digital rights management solutions are smart devices, wireless devices, and IT hardware. The rise in the number of hackers and fraudsters who make authorized access to government and corporate networks and extract critical information for gain is expected to bolster the market growth for the next five years.
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Market Segmentation
The Vietnam digital rights management market is segmented into application, end user, deployment, industry vertical, regional distribution, and company. Based on application, the market is divided into
Market Players
Apple Inc., Adobe Systems, EMC Corporation, Hewlett-Packard, IBM, Microsoft Corporation, Oracle Corporation, Realnetworks, Inc., Sony Corporation, and Verisign Inc, are the major market players operating in the Vietnam digital rights management market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Application End User Deployment Industry Vertical |
| Regional scope | North, South, Central |
| Key companies profiled | Apple Inc., Adobe Systems, EMC Corporation, Hewlett-Packard, IBM, Microsoft Corporation, Oracle Corporation, Realnetworks, Inc., Sony Corporation, and Verisign Inc |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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