About Digital Rights Management in Blockchain-
Digital Rights Management (DRM) in blockchain protects digital rights from infringement and decreases unlawful copying and distribution of digital media and applications. It's used to shield movies, eBooks, music, art, video games, and non-public information. DRM software program is used by way of businesses, studios, innovative agencies, publishers, and technological organisations. DRM is every now and then acknowledged as technological safety measures (TPM) (TPM). Blockchain, additionally regarded as dispensed ledger technology, underpins cryptocurrency exchanges such as Bitcoin (BTC) and Ethereum (ETH) (ETH). Smart contracts, criminal asset swaps, and a mechanism to pace up Know Your Customer (KYC) strategies between US establishments have all been cautioned as conceivable purposes for the technology. Businesses can use DRM structures to manipulate get right of entry to to touchy data. It can assist in the detection and investigation of illegal use and leakage when used in this way.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Rights Management in Blockchain- 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.
Accenture (Ireland), TATA Consultancy Services (India), Axoni (United States), Provenance (England), BlockCypher (United States), BTL Group (United Kingdom), Global Arena Holding (United States), BitFury Group (United Kingdom), Microsoft (United States) and IBM (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 Ripple (United States), ConsenSys (United States) and Slock.it (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Digital Rights Management in Blockchain- market by Type (Rights Management, Royalty Processing, Token Distribution and Other), Application (B2B and B2C) and Region.
On the basis of geography, the market of Digital Rights Management in Blockchain- 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).
Influencing Trend:
Technological improvements in digital rights management in blockchain
Market Growth Drivers:
Rising adoption of IoT based devices
Challenges:
Huge revenue loss due to contract breach and Disputes related to royalty amounts
Restraints:
Increasing fame of social media platforms, piracy and thefts of the digital content
Opportunities:
Increased government spending on programs
Market Leaders and their expansionary development strategies
In October 2023, Flow, the blockchain network dedicated to gaming and entertainment, announced a collaboration with Dapper Labs to develop interoperable DRM standards for in-game assets across various blockchain platforms.
In August 2023, ConsenSys Software launcehd MetaMask Institutional, a suite of tools for enterprises and institutions to manage digital assets and access decentralized protocols, including secure DRM functionalities.
Key Target Audience
Developer, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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.