The Digital Rights Management Global Market Report 2023 by The Business Research Company, provides digital rights management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Digital Rights Management Global Market Report 2023, the market size is expected to grow from $4.47 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global digital rights management is expected to grow to $9.85 billion in 2027 at a CAGR of 17.3%.
Increasing security concerns have contributed to the growth of the digital rights management market. The extensive use of PCs and laptops has led to an increase in the number of hackers who intrude into corporate and government networks to access and steal critical information for monetary and business gains. Additionally, corporations are looking for a real-time approach to business data along with transmitting and storing data across mobile devices, the cloud, universal serial bus (USB), and disks.
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The digital rights management market is segmented:
1.By Application:Mobile Content, Video On Demand, Mobile Gaming, EBook, Other Applications
2.End Users :SMEs, Large Enterprise
The advancements in data security technologies are gaining popularity in the digital rights management market. Digital rights management permits publishers or authors to regulate what paying users can do with their works. Technological advancements such as deceptive network technology and the adoption of end-to-end encryption further secure sensitive data from cyber-attacks. For instance, in February 2021, RAIR Technologies Inc., launched a decentralized digital rights management platform, built to power digital scarcity for creators.
The digital rights management market report table of contents includes:
1. Executive Summary
2. Digital Rights Management Market Characteristics
3. Digital Rights Management Market Trends And Strategies
4. Digital Rights Management Market – Macro Economic Scenario
5. COVID-19 Impact On Digital Rights Management Market
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26. Africa Digital Rights Management Market
27. Digital Rights Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Rights Management Market
29. Digital Rights Management Market Future Outlook and Potential Analysis
30. Appendix
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