Digital Rights Management Market to be dominated by North American region through 2027
Rising penetration of
digital devices and surge in demand for OTT content delivery services are
driving the demand for global digital rights management market through the
forecast period, 2023-2027.
According to TechSci Research
report, “Digital Rights Management Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027”, the global digital rights management
market is anticipated to witness a growth of robust CAGR in the forecast
period, 2023-2027. The increasing need for copyright protection policies to
protect the digital content coupled with high demand from enterprises to secure
confidential data from unauthorized access is the top impacting factor driving
the global digital rights management market growth throughout the forecast
period.
The surge in online activity
boosts the necessity of streamlining and managing secured data access. Digital
rights management solutions safeguard copyright holder interests and provide
the necessary tools to protect any digital content. Increasing threat from
online hackers is accelerating the need to protect digital content from unauthorized
usage. Increasing demand for access control technologies and technological
protection measures (TPM) supports the growth of the global digital rights
management market. Leading authorities of several countries are mandating the
implementation of security solutions which is further implementing the
However, the high purchasing
cost of digital rights management solutions may restrain the market growth for
the forecast period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Digital Rights Management Market"
https://www.techsciresearch.com/report/digital-rights-management-market/9481.html
The global digital rights
management market is segmented into application, enterprise size, industry
vertical, deployment mode, company, and regional distribution.
Based on the
application, the market is divided into mobile content, mobile gaming, video-on-demand,
and others. Video-on-demand is leading the market and is expected to account
for the highest market share throughout the forecast period. The rise in the
number of digital service provider platforms and the ability of digital rights
management solutions to protect the data from infringement and copyright
violations is driving the market demand. The solutions also restrict people
from using portable devices to watch video or audio streaming online.
Based on the
enterprise size, the market is divided into small & medium enterprises and
large enterprises. Large enterprises are expected to account for the largest
share of the global digital rights management market for the next five years.
The availability of considerable budgets in large enterprises and the need to
secure data to prevent financial loss is boosting the market demand.
Based on the
deployment mode, the market is divided into on-premises and cloud. Cloud-based
deployment mode is expected to witness the fastest incremental growth in the forecast
period. Cloud-based platforms eliminate the need to invest capital
infrastructure operational and maintenance costs. It requires less investment
than the on-premises-based model and is highly preferred among organizations.
Growing adoption of cloud-based solutions by enterprises to manage large
volumes of data and make the cloud-based deployment more convenient.
Cloud-based solutions are practical and affordable to handle the large volumes
of digital content every day.
On the basis of
regional analysis, the North American region is expected to dominate the global
digital rights management market in the forecast period. Growth in consumption
and generation of data and the presence of dominant domestic players in the
region are the significant factors influencing the demand for the global
digital rights management market for the next five years. The surge in the
number of consumers investing in digital data platforms and the massive number
of consumers subscribed to online digital platforms are expected to contribute
to market growth.
Major market
players operating in the global digital rights management market are:
·
Adobe
·
Apple
Inc.
·
Dell
Inc.
·
DivX,
LLC.
·
Fasoo
·
IBM
Corporation
·
Microsoft
Corporation
·
NEXTLABS
INC.
·
Oracle
Corporation
·
Sony
Corporation
Download
Sample Report@ https://www.techsciresearch.com/sample-report.aspx?cid=9481
Customers can also request for 10% free customization on
this report.
“The growing popularity of
online gaming and online streaming is expected to create lucrative
opportunities for the global digital rights management market. Also, the
implementation of blockchain technology in digital rights management solutions
increases the flexibility of software to work as a distributed system and,
therefore, is considered a cost-effective solution for the organization. The
introduction of digital rights management solutions integrated with blockchain
technology and technical innovations, and system updates are expected to propel
the growth of the global digital rights management market till 2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Digital Rights
Management Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027 Segmented By Application
(Mobile Content, Mobile Gaming, Video-On-Demand and Others), By Enterprise Size
(Small & Medium Enterprises and Large Enterprise), By Industry Vertical
(BFSI, Healthcare, Printing & Publication Educational, Television &
Film and Others), By Deployment Mode (On-Premises, Cloud), and By Region”, has evaluated the future
growth potential of global digital rights management market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global digital rights management market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com