The global digital rights management market is expected to grow at an impressive CAGR in the forecast period, 2023-2027. The rise in concerns regarding data security and privacy, increasing adoption of security solutions among enterprises, and expansion of the IT industry are the key factors driving the global digital rights management market growth for the next five years.
Digital rights management technology helps to stop unauthorized copying of data. It restricts the use of files until the user does not enter the correct license template. Digital rights management can assign rights to specific people who can open and use the file, even though the file can be copied and shared with other users. High internet penetration and proliferation of smart devices are expected to bolster the demand for digital rights management technology to safeguard the confidential information of enterprises.
Digitization Trend in Enterprises Drives the Market Growth
High usage of laptops & PCs in IT companies to complete daily tasks generates a large amount of confidential information that needs to be protected from unwanted authorization. Companies are providing real-time access to employees and the facility to transmit and store data across mobile devices, cloud, and disks. The ongoing trend of flexible work culture and significant Bring Your Own Device (BYOD) adoption among businesses support mobile technology growth. Also, the rapid shift of government in developing countries from manual platforms to online platforms to enhance transparency and provide easy access to residents is creating the demand for advanced security solutions.
Due to industries and government authorities' high usage of online platforms, the cybersecurity threat is witnessing an upward trend. Hackers use malicious ways to steal the confidential information of enterprises and the government, which sometimes leads to substantial financial loss for companies. Upgradation in the existing infrastructure and innovation in security solutions strengthens data security solutions to defend against cyber-attacks and commercial data theft. Third-party and cloud service providers are offering digital rights management solutions curated according to the needs of government and enterprises.
Increasing Volume of Digital Content Supports the Market Growth
The rising adoption of smartphones and the availability of high-speed internet connectivity is fueling the demand for digital media across the globe. An increase in the adoption of IoT-based devices and the expected deployment of 5G technology is expected to create huge growth potential for the global digital rights management market in the forecast period. Most of the media consumption is in digital format. Digital right management is a tool to protect digital content. An increase in the number of people subscribing to video and audio streaming platforms and the large amounts of data generated through these digital platforms are expected to contribute to the market growth significantly.
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Market Segmentation
The global digital rights management market is segmented into
Market Players
Adobe, Apple Inc., Dell Inc., DivX, LLC., Fasoo, IBM Corporation, Microsoft Corporation, NEXTLABS INC., Oracle Corporation, and Sony Corporation are the key market players operating in the global 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 Enterprise Size Industry Vertical Deployment Mode |
| Regional scope | North America; Asia Pacific; Europe; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Denmark; Brazil; Argentina; Colombia; Poland; Denmark; Saudi Arabia; South Africa; UAE; Iraq; Turkey |
| Key companies profiled | Adobe, Apple Inc., Dell Inc., DivX, LLC., Fasoo, IBM Corporation, Microsoft Corporation, NEXTLABS INC., Oracle Corporation, and Sony Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, 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) |
