Published: Jan, 2018
The global digital rights management market is consolidated in terms of the competitive scenario, notes Transparency Market Research, based on a recently published report. This compilation presents a comprehensive overview of the market. Only a few key players hold maximum shares in the global digital rights management market, as per the report. Some of the leading companies in this industry are: InterTrust Technologies, Microsoft Corporation, Conax AS, Locklizard Limited, Vaultize Technologies, Adobe Systems Incorporated, Oracle, amongst many others. Many of these businesses have incorporated several strategies such as joint ventures, mergers, and partnerships to leverage new opportunities for earning as much revenue as possible. As many systems now work on cloud processes, this is paving way for small players to enter in the market and make their position in stable, where many bigwigs have traditionally dominated the scenario. Many small players are collaborating with medium sized enterprises.
As per the report published by TMR, the global digital rights management market is expected to rise at an impressive CAGR of 14.3% during the forecast period of 2017 to 2015. This CAGR is expected to translate the demand in the market into a revenue valuation of US$7078.0 mn by 2025, from its previously evaluated worth of US$2194.7 mn in 2016.
Cloud-based End-user Segment Predicted to Hold a Leading Position in Future
The global digital rights management market is divided into several segments based on four main criteria: end use industry, component, deployment, and regional spread. In the last two years, the software segment placed under the component criteria has managed to hold on to maximum market share thus being the leading segment. At present, the on-premise segment has seen maximum demand, which comes under the deployment category. From the end-user perspective, the cloud based segment is anticipated to clock a substantial demand until 2025, thus making it a potential leading segment in future. From a regional perspective, North America remains one of the most profitable regions, and a leading regional segment. However, looking at how the market’s demand is working in other regions, Asia Pacific is being prophesized to become a highly lucrative geographical boundary, at least until the end of the forecast period.
Heavy Use of Internet-Based Devices Boosts Market Growth
When it comes to factors that help boost market shares, the exponential use of Internet, in almost every pocket of the world, has highly contributed towards the global digital rights management market’s rise. This has happened mainly due to rising concerns about loss and theft of data especially after the devices are connected to the Internet. Another reason for the need of digital rights management systems is due to increase in use of wireless smart devices, thus making it necessary to apply a set of protocols that can help increase efficiency and keep the devices and other properties safe. Such a requirement is not only leading towards the global digital rights management market improve its valuation, but also is helping to establish the market and improve its standing in future.
In contrast to the market drivers, factors such as shortfall of standardized protocol and less awareness about the protocols present are some of the prominent restraints experienced by the global digital rights management market. The lack of awareness about knowledge of protocols mainly involves knowing the differentiation between encryption and Digital Rights Management (DRM). However, with growing emphasis put on requirements for SaaS-based solutions, support by government, investments by banking agencies and overall increasing popularity are expected to decrease the intensity of the obstacles experienced by the global digital rights management market.
Key Segments of the Global Digital Rights Management Market:
Digital Rights Management Market Analysis, by Component
- System Integration
- Operations and Maintenance
Digital Rights Management Market Analysis, by Deployment
Digital Rights Management Market Analysis, by End-use Industry
- Media & Entertainment
- Retail & Consumer
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.
- Rest of North America
- The U.K.
- Rest of Europe
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- The UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Rest of South America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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