Digital Rights Management Market By Component (Software, Services), By Application (Gaming, e-Books, Video On Demand, Digital Content, Others), By Deployment (Cloud, On-Premise), By Organization Size (Large Enterprises, SMEs), By End-User (BFSI, Government Sector, Healthcare, Media And Entertainment, Others) – Growth, Future Prospects And Competitive Analysis, 2019 - 2027

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 2019 to 2027 and has a market value of around US$3.30 Bn in 2018. 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 to prevent the unofficial redistribution of digital media among users. The DRM also restricts the unauthorized copy of the content 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 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. In addition, the rising criminal activities related to content rights are fueling the market's growth.

Market Synopsis

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

In 2018, 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 2018 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, and the number of subscribers is one of the major factors driving the DRM market for large organizations.

Additionally, the large organization has high capital, which invests heavily in DRM and other rights to protect the content from piracy. However, SMEs are expected to be the fastest-growing segment during the forecast period. These organizations have started to invest in the DRM and are gaining popularity 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 2018. North America has a well-established digital infrastructure and strict laws for digital rights. As a result, 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 use DRM to protect their content.

Some of the prominent players operating in 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 research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Digital Rights Management market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global digital rights management market based on component, deployment, organization size, application, end-user, and geography.

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