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.
The Global Digital Rights Management Market research study published by Reports and Data is an extensive collection of insightful information about the Digital Rights Management industry. The report covers the Digital Rights Management Market segmentation along with a detailed outline of the Digital Rights Management market size with regards to volume and valuation. The report provides comprehensive coverage of the Digital Rights Management market scenario for the current period and forecast timeline of 2020-2027. The Digital Rights Management market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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The leading market contenders listed in the 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., Nextlabs Inc, and among others
Key reasons to buy the Global Digital Rights Management Market report:
- The latest report comprehensively studies the global Digital Rights Management market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Digital Rights Management Market
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Deployment Model Outlook (Revenue, USD Billion; 2019-2030)
- On-premises
- Cloud
- Hybrid
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Component Outlook (Revenue, USD Billion; 2019-2030)
- Solution
- Services
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Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprises
- Small and medium enterprises
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Regional Outlook of the Digital Rights Management Market
The global Digital Rights Management market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Digital Rights Management market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Digital Rights Management Market report:
- The latest report comprehensively studies the global Digital Rights Management market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Latest Published Reports by Emergen Research:
- Digital Rights Management Market Size
- Digital Rights Management Market Share
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- Digital Rights Management Market Analysis
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- Digital Rights Management Market Executive Summary
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