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Published Date: 2017-10-04Number of Pages: 277

Digital Rights Management Market (Component - Software and Services (Consulting, System Integration, and Operations and Maintenance); Deployment - On-premise and Cloud-based); End-use Industry - Healthcare, BFSI, Government, Media & Entertainment, and Retail) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Digital Rights Management Market: Overview

Digital rights management (DRM) is a provisional access technology, used to protect and monitor the spread of digital content online. DRM protects high-value digital assets, supports controlling and the distribution of the digital content and monitor the usage of the digital assets against any illegal use. Increasing number of Internet users along with the rising poularity of social media platforms has generated large amount of digital content. Digital content created or utilized by enterprises is also anticipated to grow. Hence, digital content management demand is boosting the global DRM market. Further, government’s rigorous policies and regulations related to intellectual property, such as digital millennium copyright act (DMCA), the amendment to United States copyright law, which illegalize the production and distribution of technology that lets users bypass technical copy-restriction methods are anticipated to boost the global DRM market.

Furthermore, the employment of innovative revenue module being adopted by the leading market players are also driving the growth of DRM market. Another significant factor supporting the growth of digital rights management market is the increasing adoption of BYOD across various industries such as retail, IT & telecom, and healthcare among others. This has led to an increasing demand for cloud based digital rights management, consequently driving the global DRM market. However, scarcity of unified DRM solutions forcing end-users for multi-DRM platform against significant capital investment affecting the DRM adaptation, resulting into DRM market hindrance. The global market for digital rights management is expected to witness a CAGR of 14.3% over the course of the forecast period.

digital rights management market

Software Segment to Lead over in Coming Years

On the basis of software and services, owing the complex security protocol, technologies involved and the rules and regulations of government made the software segment account for a Herculean share of 70.1% of the total DRM market in 2016. Across services, in 2016, the integration segment contributed the highest. It held almost 39.4% of the overall digital rights management market share, followed by consulting segment. Consulting segment is anticipated to grow at the highest CAGR during forecast period. On-premise deployment accounted for maximum share of the digital rights management of around 59.1% of the global digital rights management market in 2016.

North America to Reign but Asia Pacific to Witness Remarkable Growth

Region-wise, North America is the largest region for digital rights management market. Asia Pacific is expected to witness fastest growth during the forecast period. China, India, Japan, and Australia are among the major supporters for digital rights management in the Asia Pacific region. South America is anticipated to contribute larger market share than the Middle East & Africa region and expected to show significant growth during 2017- 2025, with 16.4% CAGR.

The digital rights management market is highly competitive, large number of regional players are located across different geographies. Leading players are currently focusing on providing cloud based and ‘software as a service’ based DRM solution due to additional advantages of storage availability and real-time & remote access on cloud based platform. Some of the major players in the global digital rights management market are Apple Inc., Conax AS, InterTrust Technologies, Locklizard Limited, NAGRA, Adobe Systems Incorporated, Verimatrix, Inc., Microsoft Corporation, Vaultize Technologies, and Oracle.

Global Digital Rights Management Market: Overview

This report aims to provide a comprehensive strategic analysis of the global digital rights management market along with revenue and growth forecast for the period from 2015 to 2025. Technological advancements across digitization has generated huge digital content and now the need of its security and management, is driving the global DRM market. Innovative revenue models, government stringent rules and regulations related to intellectual property are also boosting the global digital rights management market. Rising demand for cloud based solutions of digital rights management, DRM integration with e-commerce platforms to secure retail is anticipated to drive the digital rights management market in the coming decade.

This research study provides a detailed analysis of DRM technology deployed for different applications by end-users depending upon their needs. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry and are expected to influence the market growth during the forecast period from 2017 to 2025. It includes a comprehensive coverage of the underlying economic and technological factors influencing the digital rights management market growth. It includes the competitive landscape of key players in the digital rights management market in order to highlight the state of competition therein. The report also provides various business strategies adopted by them. The study depicts the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.

Global Digital Rights Management Market: Trends

Some of the factors supporting the growth of the market worldwide include the increased technological investment in developing regions such as Asia Pacific, high demand from the media & entertainment, advent of cloud-based digital rights management technology in developed regions such as North America and Europe, and surge in demand for digital rights management integrated with data loss prevention (DLP) technology. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models.

Global Digital Rights Management Market: Segmentation

The global digital rights management market is analyzed by segmenting it on the basis of component, deployment, and end-use industry. Based on component, the market is classified into software and services. The service segment type covers consulting, system integration, and operations and maintenance services. Based on the deployment type the market is further segmented as, on-premise and cloud based software. In terms of end-use industry, the global digital rights management market is segmented into healthcare, banking financial services and insurance (BFSI), government, media & entertainment, retail & consumer, and others.

Global Digital Rights Management Market: Regional Outlook

Geographically, the global market for digital rights management has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. The report provides cross country segment data. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025. The study also includes quantitative analysis of the competitive scenario for major countries/regions such as the U.S., Canada, the U.K., Germany, France, Japan, India, Australia, UAE, and Saudi Arabia. The analysis by component, deployment, end use industry, and regions helps in evaluating the present scenario and growth prospects of the digital rights management market over the forecast period from 2017 to 2025.

Global Digital Rights Management Market: Vendor Landscape

A list of recommendations have been provided for new entrants to help them establish a strong presence and for existing market players to take strategic decisions and strengthen their market position in the global digital rights management market. The report concludes with the profiles of major players in the digital rights management market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis, segment presence, and recent developments. The major players profiled in this report include Apple Inc., Microsoft Corporation, Conax AS, InterTrust Technologies, Verimatrix, Inc., NAGRA, Locklizard Limited, Adobe Systems Incorporated, Vaultize Technologies, and Oracle.

Market Segmentation:

Digital Rights Management Market Analysis, by Component

  • Software
  • Services
    • Consulting
    • System Integration
    • Operations and Maintenance
  • Digital Rights Management Market Analysis, by Deployment
    • On-premise
    • Cloud-based

Digital Rights Management Market Analysis, by End-use Industry

  • Healthcare
  • BFSI
  • Government
  • Media & Entertainment
  • Retail & Consumer
  • Others

In addition, the report provides cross-sectional analysis of the digital rights management market with respect to the following geographical segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • The UAE
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America


 
 
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