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Market Research Report
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1064318

Enterprise Digital Rights Management Market

Published: | IndustryARC | 97 Pages | Delivery time: 2-3 business days

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Enterprise Digital Rights Management Market
Published: March 4, 2022
IndustryARC
Content info: 97 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

Overview

Global Digital Rights Management (DRM) Market size is expected to reach $4.35 billion by 2025, at a CAGR of 15.12% during 2020-2025. The rise in web-based data has increased the necessity of streamlining secured data access and its management. DRM Technologies protects the interest of copyright holders and has become an essential tools for securing any digital content. The use of technological protection measures (TPM) and access control technologies have become highly inevitable in digital content due to rising threat from online hackers, which is further creating market growth for DRM market. Similarly, the government in various countries is mandating to ensure increased security for digital data, which is further increasing the demand for digital right management solution. In addition to technology these benefits, advanced such as block chain platform are increasing the capabilities of digital right management software, and making it more secured and convenient tools for enterprises and other industrial applications.

Report Coverage

The digital right management market report: "Digital Right Management Industry Outlook - Forecast (2020-2025)", by IndustryARC, covers an in-depth analysis of the following segments of the Digital Right Management Market.

Key Takeaways

  • North America dominates the Digital Right Management market owing to rising consumption of digital media in the United States.
  • Cloud based deployment is expected to accelerate the digital right management market at a faster pace due to less initial investment.
  • The rapid growth in digital contents worldwide is expected to accelerate the digital right management market.
  • The rising popularity of online streaming and online gaming are expected to bring new opportunity for digital right management industry.

Application Type - Segment Analysis

Digital Right Management Market is likely to register a CAGR of 19.87% from media and entertainment application. With the availability of high speed internet and rising popularity of subscription based entertainment tools, the demand for digital right management software is likely to witness significant growth during forecast period. For instance, music streaming revenues in the United States valued at approximately $7 billion in 2018, while subscription video-on-demand services were estimated at $11 billion. The revenue generated from video streaming and music streaming services together have witnessed a growth of more than 20% during 2016-2018. Hence, Digital Right Management being important tools for getting copyright protection for these digital content are likely to accelerate the market growth during forecast period.

Deployment Type - Segment Analysis

Cloud based deployment of Digital Right Management Software is expected to grow at CAGR of 17.59% during 2020-2025. Growing adoption of cloud based solutions by enterprises are increasing the volume of digital data transaction and making the cloud based deployment of software more convenient. In 2019, approximately 80% of companies worldwide were using some form of cloud based services. Cloud Computing market is expected to reach $375 billion by 2025, growing at a CAGR of 18.45% during 2020-2025. It is also expected that by 2020, 60% enterprise software will be cloud based. Similarly, the mobile data consumption worldwide is expected to increase at a CAGR of 40% during 2016-2021, owing to availability of high speed internet connectivity. Cloud based digital right management will be the most effective and cost effective solution to handle those large amount of digital content.

Geography - Segment Analysis

In 2019, the Digital Right Management market hold the largest market share of approximately 34.38%. The presence of prominent domestic solution providers, growing popularity of digital contents, and widespread adoption of new technology makes the North America region a lucrative market for Digital Right Management software. . The U.S. is the major country in this region to generate maximum revenue due to the growing requirement for digital rights solutions in the media and entertainment sector. In 2018, online video subscriptions in United States reached approximately $180 million, with a Y-o-Y growth of more than 15%. Netflix subscribers in United States have increased by more than 11% during 2017-2019. This has led to increased demand for Digital Rights Management solution in this region.

Drivers - Digital Right Management Market

Growing volume of digital content

Digital right management is a key tool to protect digital content. In recent time, this particular solution is finding widespread application due to growing consumption of data in digital format. Since 2016, most of the media consumption are seen in digital formats. Availability of high speed internet connectivity and rising adoption of smartphones are rapidly increasing the demand for digital media since 2016. Further, the upcoming deployment of 5G technology and increasing adoption of IoT based devices are likely to increase the digital content at a greater pace during the forecast period. In 2018, video and audio streaming generated approximately 80% of Consumer Internet Data Traffic globally. Similarly, in 2018, over 85% of American ages 18 or more were using smartphones, which has led to growing digital media and data consumption in this region.

Digital Right Management Market

The introduction of block chain technology in DRM solution have increased the flexibility of software to work on a distributed system and provide a solution to the double spending problem. Hence, these kind of technology is likely to be proven more beneficial for crypto currency and other financial transaction. In 2018, Sony announced the development of new blockchain-based digital rights management system. This new technology will help to manage copyright-related information for digital content, citing educational content as a prime use case.

Challenges - Digital Right Management Market

High cost of Digital Right Management solution

The cost of the Digital Right Management solution include initial software license fee, annual maintenance fee, and development and deployment fee. In total, a typical DRM could cost between $15,000 to $22,000. For instance, Adobe offers the solution with initial license fee at $10,000, Annual maintenance fee at $1,500, and development and deployment fee at $10,000-$15,000. There are several other cost effective alternatives such as password protection, watermarking available to replace digital right management solutions. Thus, the high cost of product may likely to restrain the digital right management market during the forecast period.

Market Landscape

Digital Rights Management market top 10 companies include Kudelski, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple, Microsoft Corporation, Locklizard , Vaultize Technologies,Verimatrix ,OpenText , Seclore Technology,Vera Security ,Vitrium Systems ,Dell EMC, Fasoo, Intralinks, Nextlabs. The Digital Rights Management market share held by of top 5 players were estimated approximately 34.52% in 2018. Acquisition, partnership, and Service differentiation are the key strategies adopted by most of the companies in this market.

Acquisitions/Technology Launches

In 2019, Intertrust acquired Viteos for USD330 million. This acquisition will help Intertrust to offer tech-enabled corporate and fund solutions.

In 2019, OpenText announced to buy Carbonite, a data protection and end-point security company for $1.42 billion for expanding its product offerings.

Product Code: ITR 24027

Table of Contents

1. Digital Rights Management Market - Overview

  • 1.1 Definitions and Scope

2. Digital Rights Management Market - Executive summary

  • 2.1 Market Revenue, Market Size and Key Trends by Company
  • 2.2 Key Trends by type of Application
  • 2.3 Key Trends segmented by Geography

3. Digital Rights Management Market

  • 3.1 Comparative analysis
    • 3.1.1 Product Benchmarking - Top 10 companies
    • 3.1.2 Top 5 Financials Analysis
    • 3.1.3 Market Value split by Top 10 companies
    • 3.1.4 Patent Analysis - Top 10 companies
    • 3.1.5 Pricing Analysis

4. Digital Rights Management Market Forces

  • 4.1 Drivers
  • 4.2 Constraints
  • 4.3 Challenges
  • 4.4 Porters five force model
    • 4.4.1 Bargaining power of suppliers
    • 4.4.2 Bargaining powers of customers
    • 4.4.3 Threat of new entrants
    • 4.4.4 Rivalry among existing players
    • 4.4.5 Threat of substitutes

5. Digital Rights Management Market -Strategic analysis

  • 5.1 Value chain analysis
  • 5.2 Opportunities analysis
  • 5.3 Product life cycle
  • 5.4 Suppliers and distributors Market Share

6. Digital Rights Management Market - By Deployment (Market Size -$Million / $Billion)

  • 6.1 On-Premise
  • 6.2 On Cloud

7. Digital Rights Management Market - By Industry (Market Size -$Million / $Billion)

  • 7.1 Healthcare
  • 7.2 Music
  • 7.3 Education
  • 7.4 BFSI
  • 7.5 Legal/Law
  • 7.6 Printing and Publication
  • 7.7 Software
  • 7.8 Television and Film
  • 7.9 Others (E-Retail, Manufacturing, and Defense)

8. Digital Rights Management - By Application (Market Size -$Million / $Billion)

  • 8.1 Segment type Size and Market Share Analysis
  • 8.2 Application Revenue and Trends by type of Application
  • 8.3 Application Segment Analysis by Type
  • 8.4 Mobile Content
  • 8.5 Video on Demand (VOD)
  • 8.6 Mobile Gaming
  • 8.7 Ebook
  • 8.8 Others (IPTV, Digital Camera, and E-Commerce)

9. Digital Rights Management Market - By End User (Market Size -$Million / $Billion)

  • 9.1 Small and Medium Enterprises (SMEs)
  • 9.2 Large Enterprises

10. Digital Rights Management- By Geography (Market Size -$Million / $Billion)

  • 10.1 Digital Rights Management Market - North America Segment Research
  • 10.2 North America Market Research (Million / $Billion)
    • 10.2.1 Segment type Size and Market Size Analysis
    • 10.2.2 Revenue and Trends
    • 10.2.3 Application Revenue and Trends by type of Application
    • 10.2.4 Company Revenue and Product Analysis
    • 10.2.5 North America Product type and Application Market Size
      • 10.2.5.1 U.S
      • 10.2.5.2 Canada
      • 10.2.5.3 Mexico
      • 10.2.5.4 Rest of North America
  • 10.3 Digital Rights Management- South America Segment Research
  • 10.4 South America Market Research (Market Size -$Million / $Billion)
    • 10.4.1 Segment type Size and Market Size Analysis
    • 10.4.2 Revenue and Trends
    • 10.4.3 Application Revenue and Trends by type of Application
    • 10.4.4 Company Revenue and Product Analysis
    • 10.4.5 South America Product type and Application Market Size
      • 10.4.5.1 Brazil
      • 10.4.5.2 Venezuela
      • 10.4.5.3 Argentina
      • 10.4.5.4 Ecuador
      • 10.4.5.5 Peru
      • 10.4.5.6 Colombia
      • 10.4.5.7 Costa Rica
      • 10.4.5.8 Rest of South America
  • 10.5 Digital Rights Management- Europe Segment Research
  • 10.6 Europe Market Research (Market Size -$Million / $Billion)
    • 10.6.1 Segment type Size and Market Size Analysis
    • 10.6.2 Revenue and Trends
    • 10.6.3 Application Revenue and Trends by type of Application
    • 10.6.4 Company Revenue and Product Analysis
    • 10.6.5 Europe Segment Product type and Application Market Size
      • 10.6.5.1 U.K
      • 10.6.5.2 Germany
      • 10.6.5.3 Italy
      • 10.6.5.4 France
      • 10.6.5.5 Netherlands
      • 10.6.5.6 Belgium
      • 10.6.5.7 Denmark
      • 10.6.5.8 Spain
      • 10.6.5.9 Rest of Europe
  • 10.7 Digital Rights Management - APAC Segment Research
  • 10.8 APAC Market Research (Market Size -$Million / $Billion)
    • 10.8.1 Segment type Size and Market Size Analysis
    • 10.8.2 Revenue and Trends
    • 10.8.3 Application Revenue and Trends by type of Application
    • 10.8.4 Company Revenue and Product Analysis
    • 10.8.5 APAC Segment - Product type and Application Market Size
      • 10.8.5.1 China
      • 10.8.5.2 Australia
      • 10.8.5.3 Japan
      • 10.8.5.4 South Korea
      • 10.8.5.5 India
      • 10.8.5.6 Taiwan
      • 10.8.5.7 Malaysia
      • 10.8.5.8 Hong kong
      • 10.8.5.9 Rest of APAC
  • 10.9 Digital Rights Management - Middle East Segment and Africa Segment Research
  • 10.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
    • 10.10.1 Segment type Size and Market Size Analysis
    • 10.10.2 Revenue and Trend Analysis
    • 10.10.3 Application Revenue and Trends by type of Application
    • 10.10.4 Company Revenue and Product Analysis
    • 10.10.5 Middle East Segment Product type and Application Market Size
      • 10.10.5.1 Israel
      • 10.10.5.2 Saudi Arabia
      • 10.10.5.3 UAE
    • 10.10.6 Africa Segment Analysis
      • 10.10.6.1 South Africa
      • 10.10.6.2 Rest of Middle East & Africa

11. Digital Rights Management Market - Entropy

  • 11.1 New product launches
  • 11.2 M&A s, collaborations, JVs and partnerships

12. Digital Rights Management Market Company Analysis

  • 12.1 Market Share, Company Revenue, Products, M&A, Developments
  • 12.2 Adobe Systems
  • 12.3 Apple Inc.
  • 12.4 EMC Corporation
  • 12.5 Hewlett-Packard
  • 12.6 IBM
  • 12.7 Microsoft Corporation
  • 12.8 Oracle Corporation
  • 12.9 Sony Corporation
  • 12.10 Verisign Inc
  • 12.11 Company 10
  • 12.12 Company 11 & More

13. Digital Rights Management Market - Appendix

  • 13.1 Abbreviations
  • 13.2 Sources

14. Digital Rights Management Market - Methodology

  • 14.1 Research Methodology
    • 14.1.1 Company Expert Interviews
    • 14.1.2 Industry Databases
    • 14.1.3 Associations
    • 14.1.4 Company News
    • 14.1.5 Company Annual Reports
    • 14.1.6 Application Trends
    • 14.1.7 New Products and Product database
    • 14.1.8 Company Transcripts
    • 14.1.9 R&D Trends
    • 14.1.10 Key Opinion Leaders Interviews
    • 14.1.11 Supply and Demand Trends