Digital Rights Management Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

Report Code: ITR 24027 Report Format: PDF + Excel (Delivery in 48 Hrs)
 Global Digital Rights Management (DRM) Market size is expected to reach $4.35 billion by 2025, at a CAGR of 15.12% during 2020-2025. The rise in web-based data has increased the necessity of streamlining secured data access and its management. DRM Technologies protects the interest of copyright holders and has become an essential tool for securing any digital content.  The use of technological protection measures (TPM) and access control technologies have become highly inevitable in digital content due to rising threat from online hackers, which is further creating market growth for DRM market.  Similarly, the government in various countries is mandating to ensure increased security for digital data, which is further increasing the demand for digital right management solution. In addition to technology these benefits, advanced such as blockchain platform are increasing the capabilities of digital right management software, and making it more secured and convenient tools for enterprises and other industrial applications.

Key Takeaways

North America dominates the Digital Right Management market owing to rising consumption of digital media in the United States. 
Cloud-based deployment is expected to accelerate the digital right management market at a faster pace due to less initial investment.
The rapid growth in digital contents worldwide is expected to accelerate the digital right management market.
The rising popularity of online streaming and online gaming are expected to bring new opportunity for digital right management industry.  

Application Type -Segment Analysis

Digital Right Management Market is likely to register a CAGR of 19.87% from media and entertainment application. With the availability of high speed internet and rising popularity of subscription-based entertainment tools, the demand for digital right management software is likely to witness significant growth during forecast period.  For instance, music streaming revenues in the United States valued at approximately $7 billion in 2018, while subscription video-on-demand services were estimated at $11billion. The revenue generated from video streaming and music streaming services together have witnessed a growth of more than 20% during 2016-2018. Hence, Digital Right Management being important tools for getting copyright protection for these digital content are likely to accelerate the market growth during forecast period. 

Deployment Type - Segment Analysis

Cloud-based deployment of Digital Right Management Software is expected to grow at CAGR of 17.59% during 2020-2025.  Growing adoption of cloud-based solutions by enterprises are increasing the volume of digital data transaction and making the cloud-based deployment of software more convenient. In 2019, approximately 80% of companies worldwide were using some form of cloud-based services. Cloud Computing market is expected to reach $375 billion by 2025, growing at a CAGR of 18.45% during 2020-2025. It is also expected that by 2020, 60% enterprise software will be cloud-based. Similarly, the mobile data consumption worldwide is expected to increase at a CAGR of 40% during 2016-2021, owing to availability of high speed internet connectivity. Cloud based digital right management will be the most effective and cost-effective solution to handle those large amounts of digital content.

Geography- Segment Analysis

In 2019, the Digital Right Management market hold the largest market share of approximately 34.38%. The presence of prominent domestic solution providers, growing popularity of digital contents, and widespread adoption of new technology makes the North America region a lucrative market for Digital Right Management software. . The U.S. is the major country in this region to generate maximum revenue due to the growing requirement for digital rights solutions in the media and entertainment sector. In 2018, online video subscriptions in United States reached approximately $180 million, with a Y-o-Y growth of more than 15%.  Netflix subscribers in United States have increased by more than 11% during 2017-2019. This has led to increased demand for Digital Rights Management solution in this region.

Drivers –Digital Right ManagementMarket
Growing volume of digital content

Digital right management is a key tool to protect digital content. In recent time, this particular solution is finding widespread application due to growing consumption of data in digital format. Since 2016, most of the media consumption are seen in digital formats. Availability of high speed internet connectivity and rising adoption of smartphones are rapidly increasing the demand for digital media since 2016. Further, the upcoming deployment of 5G technology and increasing adoption of IoT based devices are likely to increase the digital content at a greater pace during the forecast period. In 2018, video and audio streaming generated approximately 80% of Consumer Internet Data Traffic globally. Similarly, in 2018, over 85% of American ages 18 or more were using smartphones, which has led to growing digital media and data consumption in this region. 

Digital Right Management Market

The introduction of blockchain technology in DRM solution have increased the flexibility of software to work on a distributed system and provide a solution to the double-spending problem. Hence, this kind of technology is likely to be proven more beneficial for cryptocurrency and other financial transactions.  In 2018, Sony announced the development of new blockchain-based digital rights management system. This new technology will help to manage copyright-related information for digital content, citing educational content as a prime use case. 

Challenges – Digital Right Management Market
High cost  of Digital Right Management solution 

The cost of the Digital Right Management solution include initial software license fee, annual maintenance fee, and development and deployment fee. In total, a typical DRM could cost between $15,000 to $22,000. For instance, Adobe offers the solution with initial license fee at $10,000, Annual maintenance fee at $1,500, and development and deployment fee at $10,000-$15,000. There are several other cost effective alternatives such as password protection, watermarking available to replace digital right management solutions. Thus, the high cost of product may likely to restrain the digital right management market during the forecast period. 

MarketLandscape

Digital Rights Management market top 10 companies include Kudelski, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple, Microsoft Corporation, Locklizard, Vaultize Technologies, Verimatrix, OpenText, Seclore Technology, Vera Security, Vitrium Systems, Dell EMC, Fasoo, Intralinks, Nextlabs. The Digital Rights Management market share held by of top 5 players were estimated at approximately 34.52% in 2018. Acquisition, partnership, and Service differentiation are the key strategies adopted by most of the companies in this market. 

Acquisitions/Technology Launches

  • In 2019, Intertrust acquired Viteos for USD330 million. This acquisition will help Intertrust to offer tech-enabled corporate and fund solutions.
  • In 2019, OpenText announced to buy Carbonite, a data protection and end-point security company for $1.42 billion for expanding its product offerings.

1. Digital Rights Management Market - Overview
        1.1 Definitions and Scope
2. Digital Rights Management Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Digital Rights Management Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Digital Rights Management Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Digital Rights Management Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Digital Rights Management Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Digital Rights Management Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Digital Rights Management Market - By Deployment (Market Size -$Million / $Billion)
  8.1 On-Premise
8.2 On Cloud
9. Digital Rights Management Market - By Industry (Market Size -$Million / $Billion)
        9.1 Healthcare
9.2 Music
9.3 Education
9.4 BFSI
9.5 Legal/Law
9.6 Printing and Publication
9.7 Software
9.8 Television and Film
9.9 Others (E-Retail, Manufacturing, and Defense)
10. Digital Rights Management - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
10.4 Mobile Content
10.5 Video on Demand (VOD)
10.6 Mobile Gaming
10.7 Ebook
10.8 Others (IPTV, Digital Camera, and E-Commerce)
11. Digital Rights Management Market - By End User (Market Size -$Million / $Billion)
        11.1 Small and Medium Enterprises (SMEs)
        11.2 Large Enterprises
12. Digital Rights Management- By Geography (Market Size -$Million / $Billion)
        12.1 Digital Rights Management Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
                  12.2.5.1 U.S
                  12.2.5.2 Canada
                  12.2.5.3 Mexico
                  12.2.5.4 Rest of North America
        12.3 Digital Rights Management- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Digital Rights Management- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Digital Rights Management - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong kong
                  12.8.5.9 Rest of APAC
        12.9 Digital Rights Management - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Middle East & Africa
13. Digital Rights Management Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Digital Rights Management Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Digital Rights Management Market - Key Company List by Country Premium
16. Digital Rights Management Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 Adobe Systems
        16.3 Apple Inc.
        16.4 EMC Corporation
        16.5 Hewlett-Packard
        16.6 IBM
        16.7 Microsoft Corporation
        16.8 Oracle Corporation
        16.9 Sony Corporation
        16.10 Verisign Inc
        16.11 Company 10
        16.12 Company 11 & More
*Financials would be provided on a best efforts basis for private companies
17. Digital Rights Management Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Digital Rights Management Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

LIST OF TABLES

LIST OF FIGURES

1.US Digital Rights Management Market Revenue, 2019-2024 ($M)
2.Canada Digital Rights Management Market Revenue, 2019-2024 ($M)
3.Mexico Digital Rights Management Market Revenue, 2019-2024 ($M)
4.Brazil Digital Rights Management Market Revenue, 2019-2024 ($M)
5.Argentina Digital Rights Management Market Revenue, 2019-2024 ($M)
6.Peru Digital Rights Management Market Revenue, 2019-2024 ($M)
7.Colombia Digital Rights Management Market Revenue, 2019-2024 ($M)
8.Chile Digital Rights Management Market Revenue, 2019-2024 ($M)
9.Rest of South America Digital Rights Management Market Revenue, 2019-2024 ($M)
10.UK Digital Rights Management Market Revenue, 2019-2024 ($M)
11.Germany Digital Rights Management Market Revenue, 2019-2024 ($M)
12.France Digital Rights Management Market Revenue, 2019-2024 ($M)
13.Italy Digital Rights Management Market Revenue, 2019-2024 ($M)
14.Spain Digital Rights Management Market Revenue, 2019-2024 ($M)
15.Rest of Europe Digital Rights Management Market Revenue, 2019-2024 ($M)
16.China Digital Rights Management Market Revenue, 2019-2024 ($M)
17.India Digital Rights Management Market Revenue, 2019-2024 ($M)
18.Japan Digital Rights Management Market Revenue, 2019-2024 ($M)
19.South Korea Digital Rights Management Market Revenue, 2019-2024 ($M)
20.South Africa Digital Rights Management Market Revenue, 2019-2024 ($M)
21.North America Digital Rights Management By Application
22.South America Digital Rights Management By Application
23.Europe Digital Rights Management By Application
24.APAC Digital Rights Management By Application
25.MENA Digital Rights Management By Application
26.Apple Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Adobe Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.EMC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hewlett-Packard, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Microsoft Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sony Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Verisign Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)