About Information Rights Management
Information rights management (IRM) is a part of digital rights management (DRM), technologies that protect sensitive information from unauthorized access. It is also referred as E-DRM or Enterprise Digital Rights Management. Information rights management software are typically associated with business-to-consumer systems designed to protect rich media such as music and video and other information. IRM is a technology which allows for information that is in the form of documents to be ‘remote controlled’ only to authorized access.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.8% |
Key players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product launches, to achieve growth in the global information rights management market. one of the key player, Adobe has been very active in establishing its market position as a strong leader in the information rights management market. It offers a wide range of products and services via the Software-as-a-Service (SaaS) model or the managed services model, as well as, through term subscriptions and pay-per-use models. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Information Rights Management 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.
Adobe (United States), Microsoft (United States), Oracle (United States), Seclore (United States), Vaultize (United States), NextLabs (United States), OpenText (Canada), Vitrium (Canada), Citrix (United States), Copyright Clearance Center (United States), Intralinks (United States), Locklizard (United Kingdom), Sealpath (Spain), TransPerfect (United States), Vera Security (United States) and Covertix (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are FinalCode (United States), Fasoo (United States), FileOpen (United States), GigaTrust (United States), InfoSaaS (England), Network Intelligence (India), Skyhigh (United States), Traxion (Netherlands) and Trunomi (United States).
Segmentation Overview
AMA Research has segmented the market of Global Information Rights Management market by Type (Integrated with EFSS and Integrated with DLP), Application (Banking, Financial Services, and Insurance (BFSI), Research and publications, Education, Law, Healthcare and pharmaceuticals, Government, Software and technology, Manufacturing and Others(Retail, and media and entertainment)) and Region.
On the basis of geography, the market of Information Rights Management 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 Component, the sub-segment i.e. Solution will boost the Information Rights Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Information Rights Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancement in IRM software
Market Growth Drivers:
Rising concerns about information loss due to data breaching and Growing Adoption of Solutions by Highly Regulated Verticals
Restraints:
High installation cost and Strong competition due to attractive market
Opportunities:
Implementation of Cloud based and AI technologies in various market sectors and Growing adoption in developing nation
Market Leaders and their expansionary development strategies
In October 2023, Microsoft Corp. and Submittable, a leading grants management and corporate social responsibility (CSR) platform announced a strategic partnership to collaborate and innovate together to enable Submittable to develop new solutions powered by Microsoft Azure and Azure OpenAI Service, to provide public, private and nonprofit organizations with the solutions to accelerate social impact and better serve their communities.
In July 2023, NTT DATA, a global digital business and IT services leader, today announces the launch of an outsourcing service for security management (MDR service1) to prevent incidents and minimize damage when incidents occur. The accumulated through the Zero Trust Security Service that NTT DATA provides worldwide will provide supports to client companies.
Key Target Audience
Information rights management vendors, Cybersecurity vendors, Cloud security vendors, Government agencies, Cloud platform providers, Third-party integration providers, Consultancy firms and advisory firms, Investors and venture capitalists, Value-Added Resellers (VARs) and Software and application developers
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.