The global digital rights management market is expected to be worth US$ 17.8 billion by 2022, with a CAGR of 13.5% from 2022 to 2032. The market is expected to be worth $5 billion in 2022, up from $4.4 billion in 2021. The market’s expansion can be attributed to the increasing demand for copyright protection among corporations to protect their content.
Furthermore, with the rapid growth in the use of PCs and laptops, there have been numerous incidents of hacking into government and corporate networks to gain access to confidential information. Data volume has increased significantly due to the increasing penetration of digital devices, thus expanding the market size during the forecast period. Furthermore, the growing popularity of the BYOD trend among corporations has fueled market expansion by providing various opportunities for real-time access to business information with the flexible work culture.
Takeaways from the Market Research:
- From 2022 to 2032, the global digital rights management market is expected to be worth US$ 17.8 billion.
- From 2022 to 2032, the global digital rights management market is expected to grow at a 13.5% annual rate.
- From 2022 to 2032, the software segment will grow at a 9.8% CAGR.
- By 2032, the on-premise deployment segment is expected to grow at a 6.7% annual rate.
- The US market is expected to grow at a 9.8% CAGR and reach US$ 3.1 billion by 2032.
- From 2022 to 2032, the Chinese market will procure USD 90 million.
- During the forecast period, the Indian market will secure US$ 500 million.
Competition Analysis
Adobe Systems Incorporated, Apple Inc., Conax AS, Dell EMC, and Fasoo.com Inc. are among the key players in the global digital rights management market. Recent significant developments among players include:
- Seclore, a data-centric security platform based in the United States, will launch Seclore for O365 in January 2020. Organizations use digital rights management technologies to protect sensitive data information.
- RAIR Technologies announced a decentralized digital rights management platform in February 2021. It was designed to fuel digital scarcity for creators.
