Market Research Report
Digital Rights Management Market, By Component, by Deployment Type, By Organization Size, By End-use Industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
|Digital Rights Management Market, By Component, by Deployment Type, By Organization Size, By End-use Industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028|
Published: May 9, 2022
Coherent Market Insights
Content info: 150 Pages
Delivery time: 2-3 business days
Digital rights management is a technology used to protect the copyright of digital content such as audio, video, texts, images, music, and others. Data rights management software is used for monitoring and protecting data from security breaches and tracking digital content. Digital rights management (DRM) is used by hardware and software manufacturers, publishers, and editors to limit the unauthorized access to digital content. Digital rights management is used in many applications such as mobile content, video on demand, mobile gaming, eBooks, and others. The growing popularity of online streaming and online gaming provides lucrative opportunities for digital rights management market.
The global digital rights management market is expected to grow significantly during the forecast period, owing to the rising adoption of intellectual property (IP), cloud storage platform, and rising usage of digital content such as emails, pdf, word documents, and others. For instance, in February 2018, Vera Security Inc., a U.S.-based company, which provides data security solutions, announced partnership with Canon Inc., a Japan-based multinational company, to implement a data-centric approach to security. Through this partnership, owners can protect their business information and intellectual property (IP) from data breach. Furthermore, evolution in IPTV, OTT, and the rise of e-commerce business in the Asia Pacific region is also expected to drive the market growth. Moreover, Asia Pacific region has a large amount of customer base as compared to other regions, which is driving the market growth in this region. For instance, in February 2020, Mola TV, an Indonesia-based OTT service provider, secured its services by using Verimatrix, Inc. digital rights management solution. This solution is used to protect live and video-on-demand content streamed by Mola TV with digital rights management capabilities.
Moreover, major global players across different regions are focusing on developing new products with new features and technologies to remain competitive in the market. Industries are focusing on developing new products with new features to cater to the demand from the end users. For instance, in March 2020, Microsoft, a U.S.-based multinational technology company, launched Windows 10 builds 18363.752 and 18362.752 with multiple fixes. The build is used to update performance issue in the application when content is being protected by digital rights management solution. This build is also used to update an issue that prevent applications from closing.
"*" marked represents similar pointers for other companies.