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Digital Rights Management Market Size to Reach USD 11.36 Billion in 2030 | Emergen Research
[January 23, 2023]

Digital Rights Management Market Size to Reach USD 11.36 Billion in 2030 | Emergen Research


VANCOUVER, B.C., Jan. 23, 2023 /PRNewswire/ -- The digital rights management market size reached USD 3.82 Billion in 2021 and is expected to register a CAGR of 12.8% during the forecast period, according to latest analysis by Emergen Research. Digital rights management (DRM) technology significantly adopted by information technology, media, and entertainment verticals to control and mitigate access to digital content, such as music, movies, e-books, and software is driving market revenue growth. Digital rights management is adopted by content creators and distributors to prevent unauthorized copying, distribution, and use of their content. Rapid penetration of internet in digital industry is further accelerating growth of the market.

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According to The International Telecommunication Union (ITU), globally approximately 5.3 billion people, or 66% of world population are using internet in 2022. Globally consumers are using over-the-top (OTT) streaming platforms such as YouTube, Netflix, Hulu, Prime, and Apple TV, with access to faster internet. Digital rights management solutions have become increasingly important for the entertainment and media industries to protect against copyright infringement and piracy. Many over-the-top and internet protocol television (IPTV) providers are turning to end-to-end digital rights management as a service (DRMaaS) to secure their content from unauthorized access and replication. Companies like EZDRM, Inc. are partnering with other firms like ModernTV to provide scalable and cost-effective DRM solutions for video delivery services. These factors are driving revenue growth of the market.

Drivers:

Increasing utilization of digital rights management in e-learning industry is driving growth of the market. DRM is an important tool for educational institutions and content creators to protect their digital materials from unauthorized use and distribution. It allows educators and Edu-tech platforms to control access to digital materials, how long they have access, and what actions they can take with the materials. DRM technology is significantly implemented in e-learning industry to ensure security measures such as encryption, password protection, and firewalls. These measures are designed to prevent unauthorized access, use, and distribution of digital educational resources. Incorporation of digital rights management technology is rapidly changing the landscape of e-learning and education technology platforms as a significant number of users are increasingly adopting it. Moreover, Rapid utilization of HTML5 standardized digital rights management is further accelerating the growth of the market. Digital rights management is deploying to HTML5 content to protect their HTML5 content from unauthorized copying, distribution, and use. DRM solutions that are compatible with HTML5 can be integrated into web browsers, mobile devices, and other platforms that support HTML5 content. These factors are accelerating the growth of the market.

Restraints:

Limited access control of DRM solutions is a major limitation for the growth of the market.  Digital rights management solutions offer only limited access by users to control who has access to the protected content. These factors are creating problems for content creators and distributors as they may have to create multiple versions of their content to support different DRM systems. Additionally, there is a risk of data breaches which can also be a major restraint on the growth of the market. According to The Federal Bureau of Investigation (FBI), around 847,376 cyber-attack cases were reported with a loss of USD 18.7 billion in 2021. Hackers are breaching data with the use of VPNs and bypassing DRM protection and accessing unauthorized content. Such limitations are hindering the growth of the DRM market.

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Growth Projections:

The digital rights management market is expected to register a CAGR of 12.8% over the forecast period and revenue is projected to increase from USD 3.82 Billion in 2021 to USD 11.36 Billion in 2030. Real-time information data streaming and control protocol are expected to drive the market revenue growth.

Current Trends and Innovations:

Cloud-based digital rights management is increasingly emerging among content creators and distributors to seamlessly manage as well as distribute their content. Digital watermarking is significantly becoming popular functionality for tracking usage or consumption of digital content as well as identifying infringements. This allows content creators and distributors to better control and monitors the distribution of their content. Moreover, digital rights management is increasingly integrated with modern technologies such as blockchain, artificial intelligence, and machine learning to provide more advanced security and tracking capabilities.

Strategic Initiatives:

Major companies included in the market report are Microsoft Corporation, Adobe Inc., Fortinet, Inc., Vitrium Systems Inc., Digify, Inc., Widen Inc., CapLinked, Inc., EZDRM, Inc., Seclore Inc., DivX, LLC., Fasoo Co., Ltd., and Nextlabs Inc, among others.

  • On January 2020, Major market players in the digital rights management market Seclore Inc partnered with Microsoft Corporation to seamlessly utilize best-in-class Seclore Rights Management technology with the Microsoft office 365 platform and to close inherent security gaps. Companies are discovering that as they shift to the cloud and use Microsoft Office 365, they need additional rights management features beyond what Microsoft provides, particularly for secure collaboration with external parties using SharePoint Online and OneDrive.

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Scope of Research





Report Details

Outcome

Market size in 2021

USD 3.82 Billion

CAGR (2022–2030)

12.8 %

Revenue forecast to 2030

USD 11.36 Billion

Base year for estimation

2021

Historical data

2019–2020

Forecast period

2022–2030

Quantitative units

Revenue in USD Billion and CAGR in % from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Deployment model, components, organization size, industry vertical, and region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA

Key companies profiled

Microsoft Corporation, Adobe Inc., Fortinet, Inc., Vitrium Systems Inc., Digify, Inc., Widen Inc., CapLinked, Inc., EZDRM, Inc., Seclore Inc., DivX, LLC., Fasoo Co., Ltd., Nextlabs Inc, and among others.

Customization scope

10 hours of free customization and expert consultation


 

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Emergen Research has segmented digital rights management market on the basis of basis of deployment model, component, organization size, industry vertical, and region.

  • Deployment Model Outlook (Revenue, USD Billion; 2019-2030)
    • On Premises
    • Cloud
    • Hybrid
  • Component Outlook (Revenue, USD Billion; 2019-2030)
    • Solution 
    • Services
  • Organization Size Outlook (Revenue, USD Billion; 2019-2030)
    • Large Enterprises 
    • Small and medium enterprises
  • Industry Vertical Outlook (Revenue, USD Billion; 2019-2030) 
    • Media and Entertainment
    • Education and Training
    • Digital Publishing
    • IT and Telecommunication
    • Banking and Financial Services
    • Healthcare
    • Legal
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France 
      • U.K.
      • Italy
      • Spain 
      • Benelux
      • Rest of Europe
    • Asia Pacific 
      • China 
      • India 
      • Japan 
      • South Korea 
      • Rest of APAC
    • Latin America 
      • Brazil 
      • Rest of LATAM 
    • Middle East & Africa
      • Saudi Arabia 
      • UAE
      • South Africa
      • Turkey 
      • Rest of MEA

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About Emergen Research 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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