Rising Popularity of Social Media Has Increased the Demand for Digital Rights Management Market

Globally, the digital rights management market is expected to grow with a CAGR of 14.6% during the forecast period from 2023 to 2030 and has a market value of around US$ 4.88 Bn in 2021. Digital rights management (DRM) is an approach that is used by various industries to offer copyright protection for digital media and assets. The DRM is used for preventing unofficial redistribution of digital media among users. Additionally, the DRM also restricts the unauthorized copy of the content, that the consumer had purchased. Thus, DRM protects the rights of the content from being copied.

The increasing number of online content and the increasing utilization of social media among users is one of the major factors, which is driving the DRM market globally. The DRM is implemented with the help of embedded codes, which prevents the copying of the content, allows the user to access the content for a period, and limits the number of devices, which can access the information. The rising criminal activities related to content rights are also fuels the growth of the market.

Digital Rights Management with Large Enterprises in its Organization Size Segment Continue Dominating the Market

In 2021, the overall digital rights management market was led by the large enterprise segment in its organization size segment contributing to a high percentage of the market share of the total revenue generated globally in 2020 and is expected to grow with a CAGR of more than 13.0% during the forecast period. The growing number of digital content delivered by media and entertainment companies is increasing early which is also increasing the number of subscribers is one of the major factors driving the DRM market for large organizations.

Additionally, the large organization has high capital, due to which they invest heavily in DRM and other rights for protecting the content from piracy. However, SMEs are expected to be the fastest-growing segment during the forecast period as these organizations have started to invest in the DRM are gaining popularity among the organization due to its benefits.

North America Dominates the Market by Region

The global digital rights management market was led by North America with a market share of more than 30.0% in the year 2020. The North America has well established digital infrastructure and has strict laws made for the digital rights. The North America is expected to grow with a CAGR of more than 12.0% during the forecast period. Moreover, the region has various media and entertainment companies such as Netflix, Amazon Prime and others which uses DRM for protecting their content.

Some of the prominent players operating in the digital rights management are Oracle Corp., SAP SE, Adobe System Inc., Axiom Global Inc., OpenText Corporation, ArtistScope, Locklizard Limited, Vitrium Systems Inc., Hewlett Packard Enterprise Company, Bynder LLC, Widevine Technologies Inc., IBM Corporation, General Electric, Cyber Optic Group, and Microsoft Corporation.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Rights Management market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Digital Rights Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Digital Rights Management market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Digital Rights Management market?
• Which is the largest regional market for Digital Rights Management market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Digital Rights Management market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Rights Management market worldwide?