The global digital rights management market size reached USD 3.82 Billion in 2021 and is expected to register a revenue CAGR of 12.8 % during the forecast period, according to latest analysis by Emergen Research. Technological advancements in Machine Learning (ML) and Artificial Intelligence (AI) in digital rights protection are accelerating revenue growth of the market. Digital rights management software and solution use Artificial Intelligence (AI) and Machine Learning (ML) algorithms to streamline the tuning, tagging, cropping, and distribution of digital assets. Various companies are incorporating AI and ML algorithms in cloud-based and hybrid software-as-a-service solutions to easily identify and manage users of digital media and calculate total on-screen time. These metrics are significant in cost reduction and time. These factors are increasingly driving revenue growth of the market. According to The International Telecommunication Union (ITU), globally approximately 5.3 billion people, or 66% of the world population are using the internet in 2022. With increased internet usage, popular Over-The-Top (OTT) streaming services like YouTube, Netflix, Hulu, Prime, Apple TV, and others are playing a significant role in generating demands for digital piracy mitigation and copyright violations. Also, digital rights management plays a crucial role in limiting access to e-learning materials developed and produced by Education Technology (EdTech) companies. However, concerns regarding data security are a significant barrier to digital rights management market revenue growth. The protection of varied personal user data is becoming challenging owing to the rise in cyberattacks and data breaches. According to a leading cybersecurity company, globally WannaCry ransomware attacks affect around 230,000 computers. Revenue and reputation of the company may significantly affect owing to data breaches.
Global Digital Rights Management Market research report delivers a comprehensive analysis of the market outlook, regulatory framework, and macro- and micro-economic factors influencing the growth of the market. The report is formulated through extensive research and surveys to offer accurate and authentic information about the market size, market share, product portfolio, revenue generation, and projected market growth. The report offers key insights into the competitive and regional landscape of the market to assist the stakeholders and investors in formulating strategic business plans.
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
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
Browse More Relate Reports
About Us:
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 analyse 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 trends 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.