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Rising OTT content demand is projected to drive the growth of digital rights management in the media and entertainment business in the future.

The global digital rights management in media and entertainment market size is expected to grow from $2.48 billion in 2022 to $2.93 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The global digital rights management in media and entertainment market size is expected to grow to $5.64 billion in 2027 at a CAGR of 17.7%.

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Global Digital Rights Management In Media And Entertainment Market Segments Include:

• By Enterprise Size: Small And Medium Enterprises, Large Enterprises
• By Application: Mobile Content, Video On Demand (VoD), Mobile Gaming And Apps, Ebook
• By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Printing And Publication Educational, Television And Film
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global digital rights management in media and entertainment market in 2021.

Major Market Players in the digital rights management in media and entertainment market include Google LLC, Microsoft Corporation, Irdeto B.V., Apple Inc., Vitrium Systems Inc., Bitmovin Inc., Kudelski Group.

Technological innovation is a crucial trend that is gaining traction in the media and entertainment business for digital rights management. To maintain their market position, major industry players are introducing innovative technologies and software. Tech Mahindra, an Indian multinational information technology services business, for example, announced a bCRMS platform (blockchain-based contract and rights management system (bCRMS) for digital rights management in July 2020. The bCRMS platform from Tech Mahindra allows production companies and content providers to track revenue and royalty payments in the media and entertainment industry. Furthermore, it is based on the Hyperledger Fabric protocol and employs techniques like content hashing and forensic watermarking to track and trace material for security.

The Digital Rights Management In Media And Entertainment Global Market Report 2023  provides a digital rights management in media and entertainment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital rights management in media and entertainment market forecast analyzes digital rights management in media and entertainment market size, digital rights management in media and entertainment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Digital rights management in media and entertainment is a service that uses copyrights and licence keys to safeguard real-time streaming services and digital assets. It facilitates media delivery while protecting media owners’ authorisation and privacy rights, allowing only authorised users to access media and preventing unauthorised duplication and dissemination of media content.

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