TMCnet News

Digital Rights Management Market to Garner $24.63 Bn, Globally, by 2030 at 21.4% CAGR: AMR
[January 13, 2022]

Digital Rights Management Market to Garner $24.63 Bn, Globally, by 2030 at 21.4% CAGR: AMR


Rise in copyright protection policies for digital Ips and corporate needs to protect their data have boosted the growth of the global digital rights management market.

PORTLAND, Ore., Jan. 13, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Digital Rights Management Market by Application (Mobile Content, Mobile Gaming, Video-On-Demand and Others), Enterprise Size (SME and Large Enterprise) and Industry Vertical (BFSI, Healthcare, Printing & Publication Educational, Television & Film and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global digital rights management industry was pegged at $3.60 billion in 2020, and is expected to reach $24.63 billion by 2030, growing at a CAGR of 21.4% from 2021 to 2030.

Allied_Market_Research_Logo

Drivers, restraints, and opportunities

Rise in copyright protection policies for digital IPs and corporate needs to protect their data have boosted the growth of the global digital rights management market. However, costly fees and complexity of DRMs and limited control over the content hinder the market growth. On the contrary, rise in demand for OTT content delivery, rise in penetration of digital devices, and the growing data volumes are expected to open new opportunities for the market players in the future.

Download Sample Report (Get Full Insights in PDF - 243 Pages) at:

https://www.alliedmarketresearch.com/request-sample/2476

Covid-19 scenario:

  • The Covid-19 pandemic led to the implementation of home quarantine rules and adoption of work from home culture across the globe. This increased the demand for OTT platforms.
  • Due to rise in demand for digital content, the content creators and publishers were prompted to expand their content libraries and employ several digital rights management methods.

Get detailed COVID-19 impact analysis on the digital rights management market:

https://www.alliedmarketresearch.com/request-for-customization/2476

The video on-demand segment dominated the market

By application, the video on-demand segment held the largest share in 2020, accounting for more than two-fifths of the global digital rights management market, as it protects video content while ensuring smooth delivery and playback. However, the mobile content segment is expected to register the highest CAGR of23.8% during the forecast period, owing to growth in internet usage and rise in use of smart devices that contain sensitive information.



The healthcare segment to manifest the highest CAGR through 2030

By industry vertical, the healthcare segment would showcase the highest CAGR of 24.8% from 2021 to 2030, due to concerns regarding unfettered access to data in the healthcare industry. However, the television and film segment held the largest share in 2020, contributing to more than two-fifths of the global digital rights management market, due to use of digital content, rise in customer base for online content-based publishers, and increase in demand for DRM in media and entertainment segment.


North America held the largest share

By region, the market across North America held the lion's share in 2020, accounting for nearly two-fifths of the market, due to rise in demand for better viewing experience than before, advances in mobile devices, and explosion of internet content. However, the global digital rights management market across Asia-Pacific would showcase the highest CAGR of 23.9% from 2021 to 2030, owing to increase in number of people accessing web content and rise in internet live video streaming, mobile TV, and video-on-demand.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2476

Major market players

  • Adobe
  • Apple Inc.
  • Dell Inc.
  • DivX, LLC.
  • Fasoo
  • International Business Machines Corporation
  • Microsoft Corporation
  • NEXTLABS INC.
  • Oracle Corporation
  • Sony Corporation

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

hthttps://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

Big Data Analytics in Education Market Expected to Reach $57.14 Billion by 2030

Consent Management Market Expected to reach $2.27 Billion by 2030

Workforce Management Market Expected to Reach $9,391 Million by 2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States 
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected] 
Web: https://www.alliedmarketresearch.com 
Follow Us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  


[ Back To TMCnet.com's Homepage ]