The digital rights management market is poised for remarkable growth in the coming years, with an estimated valuation of US$ 17.8 billion by 2032. This projection reflects a robust compound annual growth rate (CAGR) of 13.5% spanning the decade from 2022 to 2032
This exceptional market expansion can be attributed to the escalating importance of safeguarding digital content and intellectual property in an increasingly digital-centric world. With content creators, media companies, and various other stakeholders prioritizing the protection of their digital assets, digital rights management solutions are set to play a pivotal role in preserving and monetizing these assets securely.
As the digital landscape continues to evolve, the digital rights management market is expected to remain a vital component of the global digital ecosystem, ensuring the integrity and profitability of digital content and services.
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In addition, with the increasing demand for OTT content, the market is likely to witness notable opportunities for expansion in the assessment period. The increasing popularity of OTT platforms like Netflix, Hulu, Amazon Prime, and Disney Plus among others is predicted to positively influence the market. On the contrary, additional overhead costs and associated complexities with DRM are likely to hinder the market growth in the coming time. However, continuous developments in data security like up-gradation to end-to-end encryption are expected to counter the negative factors and support the market expansion in the coming years.
Key Takeaways from the Market Study:
- The global digital rights management market to value US$ 17.8 Billion from 2022-2032
- The global digital rights management market to witness a 13.5% growth rate from 2022-2032
- The software segment, by component, is to expand at 9.8% CAGR from 2022-2032
- The On-premise segment, by deployment, is to exhibit a 6.7% growth rate by 2032
- The U.S market to expand at 9.8% CAGR and garner US$ 3.1 Billion by 2032
- Market in China to procure USD 90 Mn from 2022-2032
- Indian market to secure US$ 500 Million during the forecast period
Competition Analysis:
Key players in the global digital rights management market include Adobe Systems Incorporated, Apple Inc., Conax AS, Dell EMC, and Fasoo.com Inc., among others. Recent key developments among players include:
- In January 2020, Seclore, a data-centric security platform in the U.S., rolled out Seclore for O365. Organizations are using digital rights management technologies to secure sensitive data information.
- In February 2021, RAIR Technologies announced a decentralized digital rights management platform. It was built to power digital scarcity for creators.
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Digital Rights Management Market Segmentation:
By Component:
- Digital Rights Management Software
- Digital Rights Management Services
By Deployment Type:
- On-Premise Digital Rights Management
- Cloud-Based Digital Rights Management
By End-Use Industry:
- Digital Rights Management for Healthcare
- Digital Rights Management for BFSI
- Digital Rights Management for Government
- Digital Rights Management for Media and Entertainment
- Digital Rights Management for Retail
- Digital Rights Management for Other End-Use Industries
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
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