According to the report by Expert Market Research (EMR), the global digital rights management (DRM) market size is projected to grow at a CAGR of 12.3% between 2024 and 2032. Aided by the surge in online streaming services, the market is expected to grow significantly by 2032.
Digital Rights Management (DRM) refers to a range of technologies and methods used to control the use of digital content and devices after sale. These systems are pivotal in protecting the rights of content creators and distributors, particularly in the music, film, and publishing industries. The DRM technologies ensure that digital content is used in accordance with the terms agreed upon by the content provider and the user.
The digital rights management (DRM) market growth is largely driven by the burgeoning digital content industry, marked by an increase in online streaming services, digital publishing, and the distribution of digital software and games. With the rise of digital media consumption, there is a growing necessity for robust DRM solutions to prevent unauthorised distribution and piracy of digital assets.
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Moreover, the evolving landscape of digital content distribution, characterised by the rise of Over-The-Top (OTT) platforms, e-books, and online gaming, has further propelled the demand for effective DRM solutions. These platforms rely heavily on DRM technologies to safeguard their content from piracy, unauthorised access, and to ensure compliance with digital licensing agreements.
The increasing awareness among content creators about intellectual property rights and the need to secure digital content against piracy has also significantly contributed to the digital rights management (DRM) market demand. The shift towards digital platforms has made content more vulnerable to illegal copying and distribution, making DRM solutions critical for protecting revenue streams and intellectual property.
In addition to entertainment and media, the corporate sector is increasingly adopting DRM solutions to protect sensitive data and confidential information. With the rise of remote work and digital collaboration tools, companies are investing in DRM technologies to secure their digital assets against unauthorised access and cyber threats.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold a significant portion of the digital rights management (DRM) market share, owing to the presence of major entertainment and media companies, as well as advanced IT infrastructure.
Digital Rights Management (DRM) Market Segmentation
The market can be divided based on organisation size, end-user industry, and region.
Market Breakup by Organisation Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by End-User Industry
- Media and Entertainment
- IT and Telecommunication
- BFSI
- Healthcare
- Education
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape Digital Rights Management (DRM) Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global digital rights management (DRM) market. Some of the major players explored in the report by Expert Market Research are as follows:
- Microsoft Corporation
- Dell Inc.
- Fasoo
- Seclore
- Oracle Corporation
- Adobe Inc.
- Others
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