Market Research Report
Digital Rights Management Global Market Report 2022
|Digital Rights Management Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
Digital Rights Management Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global digital rights management market.
This report focuses on digital rights management market which is experiencing strong growth. The report gives a guide to the digital rights management market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the digital rights management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Digital Rights Management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider digital rights management market, and compares it with other markets.
Markets Covered: 1) By Application: Mobile Content; Video On Demand; Mobile Gaming; eBook; Others
2) By End Users: SMEs; Large Enterprise
3) By Industries: Healthcare; Music; Education; BFSI; Legal/Law; Printing and Publication; Software; Television and Film; Others
4) By Deployment Mode: On-Premise; On Cloud
Companies Mentioned: Adobe Systems; Apple Inc.; Dell EMC Corporation; Oracle Corporation; Microsoft Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the digital rights management market are Adobe Systems, Apple Inc., Dell EMC Corporation, Oracle Corporation, Microsoft Corporation, Fasoo Inc., Seclore Technology, Sony Corporation, Verisign Inc, Hewlett-Packard, Vera Security Inc, Vitrium Systems Inc., Nextlabs Inc., Intertrust Technologies Corporation, and Vobile Inc.
The global digital rights management market is expected to grow from $3.80 billion in 2021 to $4.50 billion in 2022 at a compound annual growth rate (CAGR) of 18.47%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $8.64 billion in 2026 at a CAGR of 17.68%.
The digital rights management market consists of sales of digital rights management products and related services by entities (organizations, sole traders, and partnerships) that are used to protect the rights of the copyright owner and prevent unauthorized modification or distribution. Digital rights management permits publishers or authors to regulate what paying users can do with their works.
The main applications of digital rights management are mobile content, video on demand, mobile gaming, eBook, and others. The mobile content digital rights management refers to the collective methods and technologies which provide safe distribution of subject and media on mobile devices. It offers approaches for mobile content creators to implement policies, limitations, and protection against duplication on mobile devices. The end users of digital rights management include SMEs and large enterprises. Digital rights management is used by industries such as healthcare, music, education, BFSI, legal/law, printing and publication, software, television and film, and others though on-premise and on cloud deployments modes.
North America was the largest region in the digital rights management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing security concerns contributed to the growth of the digital rights management market. The extensive use of PCs and laptops has led to an increase in the number of hackers who intrude into corporate and government networks to access and thieve critical information for monetary and business gains. Additionally, corporations are looking for real-time approach to business data along with transmitting and storage of data across mobile devices, cloud, universal serial bus (USB), and disks. For instance, according to the 2021 Cyber Threat Report by SonicWall, there is a 62% increase in Ransomware since 2019. This number is still set to rise more as cybersecurity attacks are turning more complex and difficult to detect. Digital rights management is also used by healthcare organizations and financial services firms to ensure compliance with data privacy/protection standards such as HIPAA (Health Insurance Portability and Accountability) and Gramm-Leach-Bliley Act (GLB Act or GLBA). Hence, the rise in security concerns is expected to create avenues for digital rights management market growth.
The advancements in data security technologies are gaining popularity in the digital rights management market. Digital rights management permits publishers or authors to regulate what paying users can do with their works. Technological advancements such as deceptive network technology and the adoption of end-to-end encryption further secure sensitive data from cyber-attacks. For instance, in February 2021, RAIR Technologies Inc launched a decentralized digital rights management platform, built to power digital scarcity for creators.
In September 2021, Hewlett Packard Enterprise, a US-based edge-to-cloud company, acquired Zerto, a production leader in cloud data management and security for a deal value of $374 million. This acquisition positions the HPE GreenLake edge-to-cloud platform in the high-growth data protection market with a proven solution and further propels HPE's storage business into a cloud-native, software-defined data services business. Zerto is a US-based industry leader in cloud data management and protection.
The countries covered in the Digital Rights Management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.