About Digital Rights Management (DRM)
Since the demand for cloud-based solutions is robustly increasing and upsurging global intellectual property asset will generate enormous demand for Digital Right Management (DRM) over the forecasted period. In addition to this, need to protect the copyright or ownership of intellectual property by controlling an authorized entry is increasing day by day with respect to increasing data thefts and hacking techniques. DRM secures various types of digital contents such as E-books, enterprise-important data, photographs, periodicals, educational material, videos, and others. DRM is a software or technology-enabled tool to administer and protect the digital content from theft and security. DRM applications serve a number of industries including healthcare, BFSI, government, media & entertainment, and retail & consumers.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
The Players having a strong hold in the market are Microsoft Corporation, Google LLC, Apple Inc., Adobe Inc., and Dell EMC. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Rights Management (DRM) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), Google LLC (United States), Apple Inc. (United States), Adobe Inc.(United States), Dell EMC (United States), Oracle Corporation (United States), Sony Corporation (Japan), Symantec Corporation (Japan), LockLizard Limited (United Kingdom) and Amazon.com, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Intertrust Technologies Corporation (United States), Intel Corporation (United States), Seclore Technology Private Limited (India), Founder Technology Group Corporation (China) and Haihaisoft (China).
AMA Research has segmented the market of Global Digital Rights Management (DRM) market by Type (Video/Film, Software/APPs, Game, TV/OTT and Others) and Region.
On the basis of geography, the market of Digital Rights Management (DRM) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by , the sub-segment i.e. will boost the Digital Rights Management (DRM) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Digital Rights Management (DRM) Market Dynamics:
- Adds an Extra Layer of Protection to Prevent Unauthorized Sharing of Copyrighted Work
- Rising Number of Online Piracy Incidents across the Globe
- Enables the Intellectual Property (IP) to Regulate and Minimize Online Piracy Incidents
- Introduction to IoT Enabled Smart DRM Software
- Rising Volatility in the Global Intellectual Property Regulators
- Complex Registration and Documentation Process for IP laws
|Road Blocks / Challenges|
- Skilled Workforce is Required for Designing Ip Regulatory Tools
|Gaps & Opportunities|
- Stringent Intellectual Property (IP) Laws and Regulations
- Increasing Number of Media & Entertainment Companies
The Digital Millennium Copyright Act (DMCA) is a 1998 United States copyright law that implements two 1996 treaties of the World Intellectual Property Organization (WIPO). It criminalizes production and dissemination of technology, devices, or services intended to circumvent measures that control access to copyrighted works. In addition, the DMCA heightens the penalties for copyright infringement on the Internet. Passed on October 12, 1998, by a unanimous vote in the United States Senate and signed into law by President Bill Clinton on October 28, 1998, the DMCA amended Title 17 of the United States Code to extend the reach of copyright, while limiting the liability of the providers of online services for copyright infringement by their users.
Key Target AudienceDigital Rights Management (DRM) Service Providers, Intellectual Property Regulators, Government Agencies, IP Industry Associations, Research and Development Institutes and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.