Vietnam digital rights
management market is anticipated to grow at an impressive CAGR during the
forecast period, 2023-2027. Change in consumers' preference to watch OTT
platforms, deployment of high-speed internet connection, and proliferation of
smart devices are the key drivers for the Vietnam digital rights management
market. Growing awareness about the benefits of implementing digital rights
management solutions among the OTT service providers and large market capture
by foreign market players are expected to create numerous growth opportunities
for the Vietnam digital rights management market through the next five years.
Rise in Internet Penetration Drives
the Market Growth
Ongoing advancements in
Information and Communication Technology (ICT) and ICT-based infrastructure
coupled with the expected roll-out of 5G technology in the country are expected
to accelerate the development of the digital rights management market. With the
growing technological development and digitization of information, the need to
share information among users is expanding at a rapid rate. The rise in the
number of OTT platforms and the massive number of subscriptions purchased by
users emphasizes the need to prevent unauthorized usage and copying of data,
which results in financial losses for online service provider companies. To
enable the distribution of copyrighted content by using internet facilities in
digital forms is bolstering the need to protect the information and content
from unauthorized users.
Emergence of Local Market
Players Supports Market Growth
Digital rights management
solutions are still at a nascent stage in Vietnam. Growing investments for
research and development activities by the local market players and the
introduction of advanced digital rights management solutions are expected to
garner the customer's attraction. Thu Do Multimedia JSC is the first technology
to develop digital content copyright solutions satisfying international
standards. They combine the technology of Fingerprint Online (solution for
detecting re-streaming video sources) and DRM (Digital Right Management) to
detect the infringements of re-streaming of video. Vietnamese content owners
are actively adopting domestic solutions to ensure digital content privacy.
The development of digital
rights management solutions by the local companies is expected to benefit the
local content providers and owners in Vietnam, as investing in foreign
solutions is expensive. Also, obtaining a security key and coordinating with
local market players is easier for negotiation, upgradation, and security. The
local market players and technological advancements are expected to prove as a
positive factor for Vietnam digital rights management market.
Increase in Copyright
Violations Fuels the Market Growth
The surge in security
concerns and increased enterprise digital rights management solution adoption
is expected to influence the Vietnam digital rights management market demand.
Primary applications of digital rights management solutions are smart devices,
wireless devices, and IT hardware. The rise in the number of hackers and
fraudsters who make authorized access to government and corporate networks and
extract critical information for gain is expected to bolster the market growth
for the next five years.
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Market Segmentation
The Vietnam digital rights
management market is segmented into application, end
user, deployment, industry vertical, regional distribution, and company. Based on application, the
market is divided into mobile content, video on demand,
mobile gaming, eBook, others. Based on end user, the market is divided into SME
and large enterprises. Based on deployment, the market is bifurcated into on
premise and cloud. Based on industry vertical, the market is divided into healthcare,
music, education, BFSI, legal/law, printing and publication, television and
film, and others. To
analyze the market based on the region, the Vietnam digital rights management market
is studied in major regions namely northern region, southern region, and central
region.
Market Players
Apple Inc., Adobe Systems,
EMC Corporation, Hewlett-Packard, IBM, Microsoft Corporation, Oracle
Corporation, Realnetworks, Inc., Sony Corporation, and Verisign Inc, are the
major market players operating in the Vietnam digital rights management market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Application
End User
Deployment
Industry
Vertical
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Regional scope
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North, South, Central
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Key companies profiled
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Apple Inc., Adobe Systems, EMC
Corporation, Hewlett-Packard, IBM, Microsoft Corporation, Oracle Corporation,
Realnetworks, Inc., Sony Corporation, and Verisign Inc
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Vietnam digital
rights management market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Vietnam Digital
Rights Management Market, By Application:
- Mobile Content
- Video on Demand
- Mobile Gaming
- eBook
- Others
- Vietnam Digital Rights Management Market, By End User:
- Vietnam Digital Rights Management Market, By Deployment:
- Vietnam Digital Rights Management Market, By Industry Vertical:
- Healthcare
- Music
- Education
- BFSI
- Legal/Law
- Printing and Publication
- Television and Film
- Others
- Vietnam Digital
Rights Management Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Vietnam digital rights management market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Vietnam digital rights
management market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]