About Digital Rights Management Software
Over the past few decades, the new technological, social, management, and organizational issues digitize the information enabling sharing of information across the globe, and the increase in digital broadcasting and content marketing is booming the demand for digital rights management software for the protection of the information shared. Digital rights management (DRM) software offers users a variety of features planned to preserve their content and ensure it is accessed within their designated parameters. Businesses are constantly sharing files internally and externally, and many others share host media files regularly. These solutions protect the content shared or hosted by businesses and ensure it’s only used in the way originally intended. This Software can provide features like watermarking and timed expiration for shared documents, and subscription and license management for media files. Digital Rights Management Software solutions often leverage built-in encryption software to facilitate secure file transfers. the growing popularity of open internet networks and Governing intellectual property rights coupled with the is expected to drive the digital rights management software market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Rights Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft(United States), SAP (Germany), Oracle(United States), Symantec (Bangladesh), Dell EMC(United States), Adobe Systems(United States), LockLizard (United Kingdom), OpenText (Canada), FileOpen Systems (United States), MemberSpace(United States) and Canto Software(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Vitrium Systems (Canada), Seclore Technology(United States) and CapLinked(United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Rights Management Software market by and Region.
On the basis of geography, the market of Digital Rights Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Digital Rights Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization size, the sub-segment i.e. Large Enterprises will boost the Digital Rights Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Options, the sub-segment i.e. Monthly Subscription will boost the Digital Rights Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Digital Rights Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Support and Investments
Market Growth Drivers:
Growth in Internet Usage, Rising Concerns About Data Loss and Theft and The increasing array of content available over the internet
Challenges:
Lack of Awareness About the Difference Between Encryption and DRM
Restraints:
Lack of A Common Standard
Opportunities:
Mounting Requirements for Saas-Based Solutions
Market Leaders and their expansionary development strategies
In November 2023, NAGRA collaborated with Dolby Laboratories to integrate Dolby Atmos immersive audio with NAGRA's DRM solutions for a secure and enhanced entertainment experience.
In October 2023, Vobile, a DRM specialist, launched its Vobile Media Gateway, enabling efficient content preparation and distribution with robust DRM protection.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Rights Management Software Developer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.