Market Size of Digital Rights Management (DRM) Industry
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Study Period | 2019 - 2029 |
Market Size (2024) | USD 4.96 Billion |
Market Size (2029) | USD 8.55 Billion |
CAGR (2024 - 2029) | 11.51 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Digital Rights Management Market Analysis
The Digital Rights Management Market size is estimated at USD 4.96 billion in 2024, and is expected to reach USD 8.55 billion by 2029, growing at a CAGR of 11.51% during the forecast period (2024-2029).
The continuous evolution of the Internet as a platform for business and trade and the success in monetizing digital content are driving the market growth.
- The proliferation of digital content and the growing sophistication of cyberattacks have forced enterprises to resort to enterprise-level digital rights management (EDRM) to protect their essential data and information. Traditional methods of securing data are seeing a decreasing trend in effectiveness as cloud-based infrastructure is forcing vendors to innovate their offerings.
- The digital rights management systems market has shown a respectable growth trend over the past few years. It is anticipated to grow during the forecast period because a capable digital rights management system helps publishers and artists prevent the pervasive unauthorized use of their intellectual property.
- Factors such as the rise in the adoption of security solutions in organizations to secure data, the growing IT industry, and the surge in data security and privacy concerns are expected to drive the demand for global digital rights management.
- The DRM solutions with low cost may need to be more effective in providing substantial protection to content from unauthorized access. The cost of digital management solutions is projected to obstruct market expansion.
- The outbreak of COVID-19 has led to lockdowns in many countries to contain the virus. This has driven an increase in OTT viewership, as OTT players are re-vamping their content plans to match the demand from every genre. Streaming services are reaching the additional market created by stay-at-home populations worldwide.
Digital Rights Management Industry Segmentation
Digital rights management (DRM) is a method to protect copyrights for digital media. This approach involves using technologies that limit copying and using copyrighted works and proprietary software. By controlling the trading, protection, monitoring, and tracking of digital media, DRM helps publishers limit the illegal distribution of copyrighted works.
The Digital Rights Management (DRM) Market is segmented by Size of Organization (Small and Medium Enterprises, Large Enterprises), End-user Industry (Media and Entertainment, IT and Telecommunication, BFSI, Healthcare, Education, Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, Latin America Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
Organization Size | |
Small and Medium Enterprises | |
Large Enterprises |
End-user Industry | |
Media & Entertainment | |
IT & Telecommunication | |
BFSI | |
Healthcare | |
Education | |
Other End-user Industries |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle-East and Africa |
Digital Rights Management (DRM) Market Size Summary
The Digital Rights Management (DRM) market is experiencing significant growth, driven by the continuous evolution of the internet as a business and trade platform, and the successful monetization of digital content. The proliferation of digital content and increasing sophistication of cyberattacks have led to a surge in the adoption of enterprise-level digital rights management (EDRM) to protect essential data and information. The market's expansion is however hindered by the cost of digital management solutions. The COVID-19 outbreak and subsequent lockdowns have also led to an increase in over-the-top (OTT) viewership, creating a larger market for streaming services. The media and entertainment sector is expected to hold a significant share of the DRM market due to the rise in digital content consumption and the expanding subscriber base of online content publishers. DRM plays a crucial role in providing a safe environment for the transaction of copyrighted content by preventing unauthorized access. The consumption of digital media content in North America, particularly in the United States, is rapidly increasing due to the transition from traditional to digital media. This growth is further fueled by the rise of players such as Apple TV, Amazon, Netflix, and Hulu, and the increasing number of IPTV subscribers. The DRM market is moderately competitive with key players including Microsoft Corporation, Dell Technologies Inc., and Fasoo Inc.
Explore MoreDigital Rights Management (DRM) Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter Five Forces
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 Organization Size
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2.1.1 Small and Medium Enterprises
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2.1.2 Large Enterprises
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2.2 End-user Industry
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2.2.1 Media & Entertainment
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2.2.2 IT & Telecommunication
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2.2.3 BFSI
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2.2.4 Healthcare
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2.2.5 Education
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle-East and Africa
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Digital Rights Management (DRM) Market Size FAQs
How big is the Digital Rights Management (DRM) Market?
The Digital Rights Management (DRM) Market size is expected to reach USD 4.96 billion in 2024 and grow at a CAGR of 11.51% to reach USD 8.55 billion by 2029.
What is the current Digital Rights Management (DRM) Market size?
In 2024, the Digital Rights Management (DRM) Market size is expected to reach USD 4.96 billion.