Top Growth Trends in the Digital Rights Management Market: Key Insights and Opportunities for 2025-2034
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How Does the Projected Growth of the Digital Rights Management Market Compare Over the Forecast Period?
In the past few years, the digital rights management market has seen noteworthy growth. It is projected to expand from a size of $5.82 billion in 2024 to $6.71 billion in 2025, with a compound annual growth rate (CAGR) of 15.3%. Factors contributing to growth during the historic period include advancements in the media industry, the global distribution of content, strategies to monetize, the rise of mobile devices, digital ad protection, and regulatory compliance.
The market size of digital rights management is anticipated to experience a significant increase in the coming years. By 2029, it is expected to expand to the extent of $13.7 billion, with a compound annual growth rate (CAGR) of 19.5%. The upsurge during the predicted period can be linked with the increase in cyber threats, the ability for cross-platform compatibility, personalized content distribution, hybrid content models, and an emphasis on content security. Key trends for this prediction period incorporate cloud-based DRM solutions, amalgamation with analytics, the utilization of blockchain for DRM, subscription and streaming services, collaboration with AI and machine learning, as well as augmented and virtual reality (AR/VR).
Which Macro and Microeconomic Factors Are Accelerating the Growth of the digital rights management Market?
The escalating concerns about security have fueled the expansion of the digital rights management market. The rise in PC and laptop use has witnessed an uptick in the number of hackers who breach corporate and governmental networks to acquire and pilfer vital information for financial and business profits. In addition, companies are seeking a live approach towards business data, as well as data transmission and storage across mobile devices, the cloud, USBs, and disks. For example, InfoSecurity reports anticipate that by 2023, worldwide damages from ransomware may surpass $30 billion. This figure is only expected to grow, given that cyberattacks are becoming increasingly complicated and harder to identify. Digital rights management is also employed by entities in healthcare and financial services to ensure compliance with data privacy and protection regulations such as the Health Insurance Portability and Accountability (HIPAA) and the Gramm-Leach-Bliley Act (GLB Act or GLBA). Therefore, the heightening security concerns are poised to open up opportunities for growth in the digital rights management market.
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Who Are the Key Players Steering the Development of the Digital Rights Management Market?
Major companies operating in the digital rights management market include:
• Apple Inc._x000D_
• Alphabet Inc._x000D_
• Microsoft Corporation_x000D_
• Sony Corporation_x000D_
• International Business Machine Corporation_x000D_
How Are Consumer Trends Shaping the Current and Future Landscape of the Digital Rights Management Market?
Prominent businesses in the realm of digital rights management are continually creating novel solutions such as DRM services to verify authorship and supervise usage rights. DRM service is a technology that safeguards and oversees the distribution and consumption of digital content; preserving it from unauthorized access, duplication, or distribution of media such as music, video or eBooks. For instance, Wacom Co., Ltd., a Japanese firm specializing in the production of graphics tablets and related items, rolled out their DRM service in July 2024. This service offered by Wacom is aimed primarily at creative professionals, delivering secure access and control tools for their artistic creations and concepts. It also provides seamless compatibility with Wacom’s devices, enabling trouble-free content exchange and teamwork, all the while warranting intellectual property protection through robust encryption and authority management tools.
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What Are the Strategic Segments Comprising the Digital Rights Management Market and Their Growth Contributions?
The digital rights management market covered in this report is segmented –
1) By Application: Mobile Content, Video On Demand, Mobile Gaming, eBook, Other Applications
2) By End Users: SMEs, Large Enterprise
3) By Industries: Healthcare, Music, Education, BFSI, Legal Or Law, Printing And Publication, Software, Television And Film, Other Industries
4) By Deployment Mode: On-Premise, On Cloud
Subsegments:
1) By Mobile Content: Apps And Software, Mobile Music And Media
2) By Video On Demand: Streaming Services, Rental And Purchase Platforms
3) By Mobile Gaming: In-App Purchases, Game Distribution Platforms
4) By eBook: Digital Publishing Platforms, Educational Content
5) By Other Applications: Software Licensing, Music Streaming, Content Protection For Websites
Which Geographical Regions Are Shaping the Digital Rights Management Market Growth?
North America was the largest region in the digital rights management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital rights management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Do Experts Define the Scope of the Digital Rights Management Market?
Digital rights management (DRM) is a method of protecting digital media copyrights. This approach includes the use of technologies that limit the copying and use of copyrighted works and proprietary software. Digital rights management allows authors, movie professionals, musicians, and other creators to prevent unauthorized use of their content.
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