Report Id: SNS/ICT/2545 | July 2022 | Region: Global | 124 Pages
Report Scope & Overview:
The Digital Rights Management Market size was valued at USD 4.05 Bn in 2022 and is expected to reach USD 10.69 Bn by 2030, and grow at a CAGR of 12.89 % over the forecast period 2023-2030.
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 (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.
There is a greater need to defend intellectual property.
Increased use of digital gadgets and technologies.
heightened susceptibility to cyberattacks.
Overhead expenditures and expensive digital rights management solutions.
OTT platform expansion.
Increased corporate demand for data security.
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.
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
On The Basis of Deployment Mode
On The Basis of Enterprise Size
On The Basis of Industry Vertical
Printing and Publication Educational
Television and Film
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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, and Sony Corporation
|Market Size in 2022||USD 4.05 Billion|
|Market Size by 2030||USD 10.69 Billion|
|CAGR||CAGR 12.89% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 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
9. Digital Rights Management Market Segmentation, by Deployment Mode
10. Digital Rights Management Market Segmentation, by Enterprise Size
10.2 Large Enterprise
11. Digital Rights Management Market Segmentation, by Industry Vertical
11.3 Printing and Publication Educational
11.4 Television and Film
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
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.
13.6 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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.