Digital Rights Management Software Market | Contrive Datum Insights

The Digital Rights Management Software Market size was valued at USD 4.05 Billion in 2022 and is projected to reach USD 19.12 Billion by 2030, growing at a CAGR of 21.41% from 2023 to 2030.

Digital Rights Management Software Market Overview

Increasing online piracy of commercially sold materials is a major factor driving the market growth. Moreover, the prevalence of internet usage is another factor fueling market growth. Additionally, increasing adaptation of smart devices and increasing concerns about data loss are other factors fueling the market growth. However, the inability to use common standards is expected to hamper the growth of the market.
Continual improvements in data security technologies, such as end-to-end encryption, have enabled encryption vendors to offer data security solutions that can protect against growing commercial espionage and cyberattacks. Enhanced DRM solutions have been provided by third-party service providers and cloud service providers to better meet the needs of governments and corporations. The importance of Digital Rights Management Software Market applications is very great in business. That said, there are plenty of opportunities for crypto vendors, third-party service providers, cloud service providers, and technology providers.

Having competent digital rights management software can help publishers and artists prevent unauthorized use of their intellectual property, and as a result, the digital rights management system market has shown a healthy growth trend in recent years and is expected. It continues to grow over the forecast period. However, the lack of control over user data and the complexity of digital rights management software is hampering the growth of the market.

The Digital Rights Management Software Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Digital Rights Management Software market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Microsoft, SAP, Oracle, Symantec, Dell EMC, Adobe Systems, LockLizard, OpenText, FileOpen Systems, MemberSpace, Canto Software, Vitrium Systems, Seclore Technology, CapLinked, Haihaisoft, Carbonite, Viteos, and others.

Industry Development:

• April 2019- Carbonite, data protection, and end-point security startup were purchased by OpenText for $1.42 billion in order to extend its product portfolio.
• October 2019- Viteos was purchased by Intertrust for USD 330 million. Intertrust will be able to deliver tech-enabled business and fund solutions as a result of this purchase.
• On August 2019, in a Partnership agreement between Microsoft and AMD, Microsoft joined AMD to make some new Azure cloud-related announcements around AMD’s latest Epyc chip. Microsoft’s PlayReady 3.0 DRM support for its RX 5700 series. This offers 4K protected content, such as Netflix content, to the users of AMD RX 5700.

What are the major Applications, Types, and Regions for the Digital Rights Management Software Market?

On the Basis of Type:

• On-Premise
• Cloud-Based

On the Basis of Application:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Digital Rights Management Software Market Regional Insights:

In 2019, the digital rights management software market held the largest market share with a market share of about 34.38%. Digital Rights Management Software. The United States generated the most revenue due to the growing demand for digital rights solutions in the media and entertainment sector. Online video subscriptions in the United States reached approximately $180 million year-over-year in 2018. US Netflix subscriber growth of more than 15% increase of over 11% during 2017-2019, which contributed to the growth of the region of digital rights management software solutions have increased demand.

Geographically, the global Digital Rights Management Software market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Digital Rights Management Software Market Report Scope:

Frequently Asked Questions (FAQ) about the Digital Rights Management Software market:

What is the CAGR of the global Digital Rights Management Software market?

The Digital Rights Management Software Market is growing at a CAGR of 21.41% during the forecast period.

Which region would offer high growth for vendors in the Digital Rights Management Software market?

North America accounted for the largest market in the Digital Rights Management

Which Is the Most potential market segment?

By Types- On-Premise, Cloud-Based

By Applications - Large Enterprises, Small and Medium-sized Enterprises (SMEs)

Which are the top industry players in the Digital Rights Management Software market?

Microsoft, SAP, Oracle, Symantec, Dell EMC, Adobe Systems, LockLizard, OpenText, FileOpen Systems, MemberSpace, Canto Software, Vitrium Systems, Seclore Technology, CapLinked, Haihaisoft, Carbonite, Viteos

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