The global digital rights management or DRM market is estimated to register considerable growth owing to the rapid increase in content marketing and digital broadcasting. Fortune Business Insights shared this information in a report, titled “Digital Rights Management“ Market Size, Share and Global Trend by Component (Software, Services, Consulting), By Deployment (On-premise & Cloud), By Industry Vertical (Healthcare, BFSI, Government and others) and Geography Forecast till 2027. The report offers insights into the factors enabling growth in the market. The digital rights management technology helps to protect the copyright of digital content such as images, texts, music, videos, and news. Digital rights management software offers several benefits such as tracking IP addresses, preventing screen grabbing, and locking essential documents to devices.
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Top Players List:
- Apple Inc. Kuwait
- Vera Security
- Vitrium Systems Inc.
- Dell EMC
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
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Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2027. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Key Market Driver – Rise in adoption of intellectual property and growth of digital content creation market
Key Market Restraint – Frequent update of software to eliminate security threats
Major Segments Mentioned:
1. By Component
- Operation and Maintenance
2. By Deployment
3. By Industry Vertical
- Media & Entertainment
- Retail & Consumer
4. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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Key Industry Developments
- September 2018: Adobe Inc. launched an updated version of Adobe Primetime IBC based on cloud based technology integrated with advance Dynamic Ad Insertion (DAI) platform that allows users to limit the illegal propagation of copyrighted works by using alphanumeric watermarks or proprietary file encryption on the media.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Digital Rights Management Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Digital Rights Management Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
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Major Table of Content for Digital Rights Management Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Digital Rights Management Market Analysis, Insights and Forecast, 2027
- North America Digital Rights Management Market Analysis, Insights and Forecast, 2027
- Europe Digital Rights Management Market Analysis, Insights and Forecast, 2027
- Asia Pacific Digital Rights Management Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Digital Rights Management Market Analysis, Insights and Forecast, 2027
- Latin America Digital Rights Management Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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