Global Enterprise Rights Management Solution Market: Introduction
Enterprise rights management solutions enable monitoring and controlling of usage of information, ensuring an organization’s intellectual property is used appropriately by employees. The solution also enables organizations to control what documents users have access to, how they can be used, how long they can be used, and the locations where they can be accessed from.
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Global Enterprise Rights Management Solution Market – Dynamics
Rising Number of Intellectual Properties across the Globe
The number of intellectual properties is increasing exponentially (especially in semiconductor and automotive industry). Consequently, the need to maintain and secure the data of related intellectual properties is increasing globally. Enterprise rights management solution is one of the most advanced solutions which secures, monitors, and controls the documents within an enterprise. This also reduces the risk of data theft by employees as well as improves the internal security of the organization.
Increasing Rate of Data Breach and Cyber Attacks
The number of data breaches across the globe is increasing. This puts the intellectual property of a company at very high risk. The cost of recovering the data to compensate the loss due to data breach is very high. For instance, a recent ServiceNow survey (conducted by Ponemon) states that:
- Of the 3,000 companies surveyed, almost half admitted that their organization suffered a data breach in the last two years.
- Of those who suffered data breach, 34% knew they were vulnerable but did nothing
Thus, the rising number of data breach activities is expected to drive the growth of the market.
North America to Dominate the Global Enterprise Rights Management Solution Market
In terms of region, the global enterprise rights management solution market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the enterprise rights management solution market during the forecast period due to strong adoption of the solution by small & medium enterprises within the region.
COVID-19 Impact on the Global Enterprise Rights Management Solution Market
The COVID-19 pandemic is expected to moderately impact the global enterprise rights management solution market for a short-term period. The economic depression due to lockdown and shut down of enterprises across the globe has led to low investment in new technology as this increases the additional fixed cost of companies. The companies in this time period are highly skeptical of new investment.
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Global Enterprise Rights Management Solution Market – Competition Landscape
- In October 2019, Clearswift and Seclore signed a partnership to bring next-generation email encryption solutions to enterprises. The partnership will combine the best-of-breed email security, encryption, and rights management for enterprises.
Incorporated in 2004, Locklizard is specialized in IT security, DRM (digital rights management), data security, document encryption, PKI, and copy protection industries, securing information on personal computers and messaging systems. The company is a premier DRM supplier for publishers, enterprises, and governments, meeting and exceeding requirements for finance, auditing, semiconductor, training, publishing, and analyst communities.
Global Enterprise Rights Management Solution Market: Segmentation
The global enterprise rights management solution market can be segmented based on:
- Enterprise Size
Global Enterprise Rights Management Solution Market, by Enterprise Size
Based on enterprise size, the global enterprise rights management solution market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global Enterprise Rights Management Solution Market, by Industry
In terms of industry, the global enterprise rights management solution market can be segregated into:
- Banking, Financial Services & Insurance
- Telecom & Information Technology (IT)
- Wholesale Distribution
- Non-profit Organizations
- Food and Beverage
- Others (Hospitality, Government, and Public Sector, etc.)
Regional analysis of the global enterprise rights management solution market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.