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Digital Rights Management Market

Digital Rights Management Market Size, Share & Segmentation 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/2545 | July 2022 | Region: Global | 124 Pages

Report Scope & Overview:

The Digital Rights Management Market size was valued at USD 3.59 Bn in 2021 and is expected to reach USD 8.38 Bn by 2028, and grow at a CAGR of 12.89 % over the forecast period 2022-2028.

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.

Digital Rights Management Market

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.

MARKET DYNAMICS:

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.

IMPACT OF COVID-19:

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 2022-2028. 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.

KEY MARKET SEGMENTS:

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

Digital Rights Management Market

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.

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

KEY PLAYERS:

The major key players are Adobe, Apple Inc., Dell Inc., DivX, LLC., Fasoo, IBM Corporation, Microsoft Corporation, NEXTLABS INC., Oracle Corporation, and Sony Corporation

Digital Rights Management Market Report Scope
Report Attributes Details
Market Size in 2021 USD 3.59 Billion
Market Size by 2028 USD 8.38 Billion
CAGR CAGR 12.89% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :

Ans: - The Digital Rights Management Market size was valued at USD 3.59 Bn in 2021.

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 the Ukraine- Russia war

 

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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The 5 steps process:

Step 1: Secondary Research:

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Secondary Research

Step 2: Primary Research

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