The global digital rights management (DRM) market size reached US$ 5.2 Billion in 2023. Looking forward, the market is projected to reach US$ 12.4 Billion by 2032, exhibiting a growth rate (CAGR) of 10.14% during 2023-2032. The growing over-the-top (OTT) viewership, rising trend of bring-your-own-device (BYOD) policies, and the thriving media and entertainment industry represent some of the factors driving the market.
Digital rights management (DRM) is the utilization of technology to control and manage access to copyrighted material for digital media. It relies on codes that prohibit copying and using the device for a particular time to access certain products. It enables publishers or authors to control the work of paying users and prevents users from accessing or using certain assets by allowing the organization to avoid legal issues that arise from unauthorized usage. It provides decryption keys to access media, e-books, data, content, software, or any other copyrighted material.
It protects music, films, TV shows, and games while securing intellectual property (IP) and revenue streams. It also assists various organizations in securing their valuable teaching materials and association management systems (AMS) or learning management systems (LMS). As it restricts users from editing, forwarding, saving, and printing content, the demand for DRM is rising across the globe.
Moreover, key manufacturers are investing in research and development (R&D) activities to introduce blockchain-based DRM systems that track the distribution of copyrighted products around the world. In line with this, the rising over-the-top (OTT) viewership, as OTT players are re-vamping their content plans to meet the demand from every genre, is propelling the growth of the market.
Apart from this, the growing demand for a multi-DRM solution that will protect the live and video-on-demand (VOD) content is offering a favorable market outlook. Additionally, the increasing online piracy of commercially marketed materials, along with the rising concerns about data loss among the masses, is offering lucrative growth opportunities to industry investors.
According to the report, North America was the largest market for digital rights management (DRM). Some of the factors driving the North America digital rights management (DRM) market included the increasing adoption of digital content distribution, the rising need for intellectual property (IP) protection, and the growing demand for secure digital platforms to prevent piracy and unauthorized access to content.
Digital rights management (DRM) is the utilization of technology to control and manage access to copyrighted material for digital media. It relies on codes that prohibit copying and using the device for a particular time to access certain products. It enables publishers or authors to control the work of paying users and prevents users from accessing or using certain assets by allowing the organization to avoid legal issues that arise from unauthorized usage. It provides decryption keys to access media, e-books, data, content, software, or any other copyrighted material.
It protects music, films, TV shows, and games while securing intellectual property (IP) and revenue streams. It also assists various organizations in securing their valuable teaching materials and association management systems (AMS) or learning management systems (LMS). As it restricts users from editing, forwarding, saving, and printing content, the demand for DRM is rising across the globe.
Digital Rights Management (DRM) Market Trends
At present, there is an increase in the number of subscribers of online content-based publishers across the globe. This, along with the thriving media and entertainment industry, represents one of the key factors supporting the growth of the market. Besides this, the growing demand for DRM among digital content providers to reach the widest audience and protect their content is positively influencing the market. In addition, there is a rise in the trend of bring-your-own-device (BYOD) policies, which allow employees to use their own devices for accessing company information. This, coupled with the increasing risk of proprietary document theft, is strengthening the growth of the market.Moreover, key manufacturers are investing in research and development (R&D) activities to introduce blockchain-based DRM systems that track the distribution of copyrighted products around the world. In line with this, the rising over-the-top (OTT) viewership, as OTT players are re-vamping their content plans to meet the demand from every genre, is propelling the growth of the market.
Apart from this, the growing demand for a multi-DRM solution that will protect the live and video-on-demand (VOD) content is offering a favorable market outlook. Additionally, the increasing online piracy of commercially marketed materials, along with the rising concerns about data loss among the masses, is offering lucrative growth opportunities to industry investors.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global digital rights management (DRM) market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on component, deployment mode, enterprise size, application, and end use industry.Component Insights:
- Solutions
- Services
- Consulting
- Integration
- Operation and Maintenance
Deployment Mode Insights:
- On-premises
- Cloud-based
Enterprise Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
Application Insights:
- Video-on-demand
- Mobile Content
- Mobile Gaming
- Others
End Use Industry Insights:
- Media and Entertainment
- IT and Telecommunication
- BFSI
- Healthcare
- Education
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
According to the report, North America was the largest market for digital rights management (DRM). Some of the factors driving the North America digital rights management (DRM) market included the increasing adoption of digital content distribution, the rising need for intellectual property (IP) protection, and the growing demand for secure digital platforms to prevent piracy and unauthorized access to content.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global digital rights management (DRM) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies include Adobe Inc., CapLinked Inc., DivX LLC, EZDRM Inc., Fasoo Inc., Google LLC (Alphabet Inc.), LockLizard Limited, NextLabs Inc., OVH Groupe SAS, Seclore, Vitrium Systems Inc., Vobile Group Limited, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global digital rights management (DRM) market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global digital rights management (DRM) market?
- What is the impact of each driver, restraint, and opportunity on the global digital rights management (DRM) market?
- What are the key regional markets?
- Which countries represent the most attractive digital rights management (DRM) markets?
- What is the breakup of the market based on the component?
- Which is the most attractive component in the digital rights management (DRM) market?
- What is the breakup of the market based on the deployment mode?
- Which is the most attractive deployment mode in the digital rights management (DRM) market?
- What is the breakup of the market based on the enterprise size?
- Which is the most attractive enterprise size in the digital rights management (DRM) market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the digital rights management (DRM) market?
- What is the breakup of the market based on the end use industry?
- Which is the most attractive end use industry in the digital rights management (DRM) market?
- What is the competitive structure of the global digital rights management (DRM) market?
- Who are the key players/companies in the global digital rights management (DRM) market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Digital Rights Management (DRM) Market
6 Market Breakup by Component
7 Market Breakup by Deployment Mode
8 Market Breakup by Enterprise Size
9 Market Breakup by Application
10 Market Breakup by End Use Industry
11 Market Breakup by Region
12 Drivers, Restraints, and Opportunities
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Adobe Inc.
- CapLinked Inc.
- DivX LLC
- EZDRM Inc.
- Fasoo Inc.
- Google LLC (Alphabet Inc.)
- LockLizard Limited
- NextLabs Inc.
- OVH Groupe SAS
- Seclore
- Vitrium Systems Inc.
- Vobile Group Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 5.2 Billion |
| Forecasted Market Value ( USD | $ 12.4 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
