Digital Rights Management Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.96 Billion |
| Market Size (2029) | USD 8.55 Billion |
| CAGR (2024 - 2029) | 11.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Digital Rights Management Market Analysis
The Digital Rights Management Market size is estimated at USD 4.96 billion in 2024, and is expected to reach USD 8.55 billion by 2029, growing at a CAGR of 11.51% during the forecast period (2024-2029).
The continuous evolution of the Internet as a platform for business and trade and the success in monetizing digital content are driving the market growth.
- The proliferation of digital content and the growing sophistication of cyberattacks have forced enterprises to resort to enterprise-level digital rights management (EDRM) to protect their essential data and information. Traditional methods of securing data are seeing a decreasing trend in effectiveness as cloud-based infrastructure is forcing vendors to innovate their offerings.
- The digital rights management systems market has shown a respectable growth trend over the past few years. It is anticipated to grow during the forecast period because a capable digital rights management system helps publishers and artists prevent the pervasive unauthorized use of their intellectual property.
- Factors such as the rise in the adoption of security solutions in organizations to secure data, the growing IT industry, and the surge in data security and privacy concerns are expected to drive the demand for global digital rights management.
- The DRM solutions with low cost may need to be more effective in providing substantial protection to content from unauthorized access. The cost of digital management solutions is projected to obstruct market expansion.
- The outbreak of COVID-19 has led to lockdowns in many countries to contain the virus. This has driven an increase in OTT viewership, as OTT players are re-vamping their content plans to match the demand from every genre. Streaming services are reaching the additional market created by stay-at-home populations worldwide.
Digital Rights Management Market Trends
This section covers the major market trends shaping the Digital Rights Management Market according to our research experts:
Media & Entertainment Sector is Expected to hold a Significant Market Share
- The media & entertainment sector is anticipated to have a sizable market share over the projection period thanks to rising digital content consumption and an expanding subscriber base of online content publishers.
- Digital Rights Management (DRM) is essential in digital platforms. It is perceived to provide a safe environment for the transaction of copyrighted content in the network by preventing access without the content owner's authorization. The owner specifies the ways and the conditions for the admission of content (digital rights, licensing), and DRM ensures this aspect.
- There is a broad consensus among feature film production studios that the internet era brings a new paradigm for film distribution to cinemas worldwide. The benefits of digital cinema to both producers and cinemas are numerous, such as significantly lower distribution and maintenance costs, immediate access to film libraries, and higher presentation quality. Despite these advantages, the studios still need to adopt them. The main factor contributing to this is the possibility of widespread piracy.
- Consumers increasingly use services like Netflix and similar OTT (over-the-top) services worldwide. They are paying for content, proving that consumer behavior has shifted to accept a growing market around OTT.
North America is Expected to be the Fastest Growing Region
- The consumption of digital media content in North America, especially in the United States, is increasing tremendously, owing to a rapid transformation from traditional media to digital media. The increasing internet speed, coupled with the increase in the number of devices supporting access to digital media, has increased the freedom of consumers to access media content anywhere and anytime.
- Moreover, the rise of players, such as Apple TV, Amazon, Netflix, and Hulu, is challenging the traditional televisions that were the main entertainment hubs. Also, the number of IPTV subscribers is increasing due to rising internet penetration.
- Mobile devices are expected to contribute significantly to overall digital media consumption. Mobile internet usage in the country has also seen tremendous growth, with the most significant number of mobile wireless connections.
- Furthermore, the rapid adoption of blockchain technology across the region in various end-user industries, such as media and entertainment, BFSI, IT, and Healthcare, helps these industries prevent fraud and data manipulation due to its decentralized platform.
Digital Rights Management Industry Overview
The digital rights management market is moderately competitive and includes a number of players. Microsoft Corporation, Dell Technologies Inc., and Fasoo Inc. are a few examples of significant players. In August 2022, Fasoo Inc announced the availability of a Box connector for the Fasoo Data Security Platform (FDSP); where the Connector makes it easy to add persistent, file-centric security to documents downloaded from Box and can be mapped to the rights used to persistently protect files.
Digital Rights Management Market Leaders
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Microsoft Corporation
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Dell Technologies Inc.
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Fasoo Inc.
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Seclore
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Oracle Corporation
*Disclaimer: Major Players sorted in no particular order
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Digital Rights Management Market News
- November 2022: Fasoo Inc. introduced a cloud edition of the rejuvenated secure collaboration solution, Wrapsody eCo. Whereas To protect their intellectual property or personal information and to comply with laws like the CCPA and GDPR, enterprises can utilize Wrapsody eCo to securely communicate and track critical documents with internal or external users. Users can choose the level of protection and control for each file, from open sharing to encryption, or they can share with a group using predefined controls.
- July 2022: Seclore announced a Partnership with Global IT Solutions Aggregator TD SYNNEX; the collaboration offers a joint solution that provides real-time tracking and visibility of both authorized and unauthorized activity on the data so the enterprise can identify suspicious behavior, evolving data security policies, take immediate action on security permissions, and even complete removal to prevent data loss.
Digital Rights Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter Five Forces
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Impact of COVID-19 on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Proliferation of Internet Users
5.1.2 Government Regulations Regarding the Implementation of DRM Solutions
5.2 Market Restraints
5.2.1 Compatibility Issues between Devices and DRM Software
6. MARKET SEGMENTATION
6.1 Organization Size
6.1.1 Small and Medium Enterprises
6.1.2 Large Enterprises
6.2 End-user Industry
6.2.1 Media & Entertainment
6.2.2 IT & Telecommunication
6.2.3 BFSI
6.2.4 Healthcare
6.2.5 Education
6.2.6 Other End-user Industries
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Microsoft Corporation
7.1.2 Dell Technologies Inc.
7.1.3 Fasoo Inc.
7.1.4 Seclore
7.1.5 Oracle Corporation
7.1.6 SAP SE (NextLabs Inc.)
7.1.7 Adobe Systems Inc.
7.1.8 OpenText Corporation
7.1.9 ArtistScope
7.1.10 Vitrium Systems Inc.
7.1.11 Locklizard Limited
7.1.12 Widevine Technologies Inc.
7.1.13 Bynder LLC
7.1.14 CipherCloud Inc.
7.1.15 Irdeto
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Digital Rights Management Industry Segmentation
Digital rights management (DRM) is a method to protect copyrights for digital media. This approach involves using technologies that limit copying and using copyrighted works and proprietary software. By controlling the trading, protection, monitoring, and tracking of digital media, DRM helps publishers limit the illegal distribution of copyrighted works.
The Digital Rights Management (DRM) Market is segmented by Size of Organization (Small and Medium Enterprises, Large Enterprises), End-user Industry (Media and Entertainment, IT and Telecommunication, BFSI, Healthcare, Education, Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, Latin America Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| Organization Size | |
| Small and Medium Enterprises | |
| Large Enterprises |
| End-user Industry | |
| Media & Entertainment | |
| IT & Telecommunication | |
| BFSI | |
| Healthcare | |
| Education | |
| Other End-user Industries |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Digital Rights Management Market Research FAQs
How big is the Digital Rights Management (DRM) Market?
The Digital Rights Management (DRM) Market size is expected to reach USD 4.96 billion in 2024 and grow at a CAGR of 11.51% to reach USD 8.55 billion by 2029.
What is the current Digital Rights Management (DRM) Market size?
In 2024, the Digital Rights Management (DRM) Market size is expected to reach USD 4.96 billion.
Who are the key players in Digital Rights Management (DRM) Market?
Microsoft Corporation, Dell Technologies Inc., Fasoo Inc., Seclore and Oracle Corporation are the major companies operating in the Digital Rights Management (DRM) Market.
Which is the fastest growing region in Digital Rights Management (DRM) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Digital Rights Management (DRM) Market?
In 2024, the North America accounts for the largest market share in Digital Rights Management (DRM) Market.
What years does this Digital Rights Management (DRM) Market cover, and what was the market size in 2023?
In 2023, the Digital Rights Management (DRM) Market size was estimated at USD 4.45 billion. The report covers the Digital Rights Management (DRM) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Digital Rights Management (DRM) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Digital Rights Management Industry Report
Statistics for the 2023 Digital Rights Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Digital Rights Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
