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Digital Rights Management (DRM) Market Size (2024 - 2029)

The digital rights management market is experiencing significant growth, driven by the increasing need to protect digital content from unauthorized use and the rising sophistication of cyberattacks. As traditional data security methods become less effective, enterprises are turning to advanced digital rights management solutions to safeguard their intellectual property. The market's expansion is further fueled by the growing IT industry and heightened concerns over data security and privacy. However, the cost of these solutions may pose a challenge to market growth. The COVID-19 pandemic has also contributed to the market's expansion, as the surge in OTT viewership has created new opportunities for digital content protection.

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Market Size of Digital Rights Management (DRM) Industry

Digital Rights Management (DRM) Market Summary
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

Digital Rights Management (DRM) Market 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 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
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Digital Rights Management (DRM) Market Size Summary

The digital rights management (DRM) market is experiencing significant growth, driven by the increasing need to protect digital content from unauthorized use and the rise of cyberattacks. As businesses continue to evolve and monetize digital content, the demand for enterprise-level DRM solutions is on the rise. Traditional data security methods are becoming less effective, prompting vendors to innovate and adapt to cloud-based infrastructures. The market is expected to expand as organizations increasingly adopt security solutions to safeguard data, fueled by the growing IT industry and heightened concerns over data security and privacy. The media and entertainment sector is poised to capture a substantial market share, with the surge in digital content consumption and the expanding subscriber base of online content publishers.

The shift in consumer behavior towards over-the-top (OTT) services, such as Netflix and Hulu, is reshaping the digital media landscape, particularly in North America. The rapid transition from traditional to digital media, coupled with increased internet speeds and the proliferation of devices, has empowered consumers to access media content anytime, anywhere. This shift is challenging traditional television models and driving the growth of IPTV subscriptions. Additionally, the adoption of blockchain technology across various industries is enhancing fraud prevention and data integrity. The DRM market is moderately competitive, with key players like Microsoft Corporation, Dell Technologies Inc., and Fasoo Inc. leading the charge in providing innovative solutions to protect intellectual property and comply with regulations like CCPA and GDPR.

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Digital Rights Management (DRM) Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter Five Forces

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Organization Size

      1. 2.1.1 Small and Medium Enterprises

      2. 2.1.2 Large Enterprises

    2. 2.2 End-user Industry

      1. 2.2.1 Media & Entertainment

      2. 2.2.2 IT & Telecommunication

      3. 2.2.3 BFSI

      4. 2.2.4 Healthcare

      5. 2.2.5 Education

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle-East and Africa

Digital Rights Management (DRM) Market Size FAQs

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.

In 2024, the Digital Rights Management (DRM) Market size is expected to reach USD 4.96 billion.

Digital Rights Management Market Report Snapshots

Digital Rights Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)