growing adoption of drm solutions is driving the Digital Rights Management Market
Technavio analyzes that the Digital Rights Management Market is expected to grow at a CAGR of 41.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 15528.9 million.There are various factors that contribute to the growth of the market. The Digital Rights Management (DRM) market is experiencing significant growth due to the increasing adoption of DRM solutions by various industries. This trend is driven by the need to protect intellectual property and prevent unauthorized access to digital content. Companies across media and entertainment, publishing, and software sectors are investing in DRM technologies to safeguard their assets and maintain control over their distribution channels. The global DRM market is projected to reach substantial growth in the coming years, as more organizations recognize the importance of securing their digital content.
In the business realm, the digital rights management (DRM) market is experiencing growth due to the increasing adoption of on-premises DRM solutions. This deployment model necessitates end-users to obtain a software license and invest significantly in in-house hardware and software licenses. Despite the higher cost, on-premises DRM is favored for its enhanced security features, as it eliminates third-party interference. Customization and superior data security are additional benefits driving market expansion. The BFSI sector in APAC is spearheading the adoption of both on-premises and cloud-based DRM, with many large enterprises prioritizing on-premises solutions for their heightened protection.
Know which region is leading the market growth by requesting a sample report
Digital Rights Management Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The Digital Rights Management (DRM) market focuses on providing access control, copyright safety, and licensing agreements for various digital media types, including ebooks, music, video, and digital asset management. Content creators use DRM to protect their intellectual property from unauthorized access on the internet. DRM solutions ensure data security through cyberattack prevention, data protection, and cloud-based infrastructure. Businesses and traders benefit from DRM through securing their digital content and combating piracy in areas like OTT (over-the-top) viewership.
The Digital Rights Management (DRM) market is a significant segment within the global IT software industry. This market encompasses businesses specializing in Access Control solutions, Copyright Safety, and Licensing Agreements for Digital Media, including Ebooks, Music, and Video. Companies engaged in this sector provide essential software solutions to safeguard intellectual property rights in the digital domain. The market size is determined by the consolidated revenue generated by these organizations, offering DRM technologies and services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
