The “Digital Rights Management Industry Outlook – Forecast (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.
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 tools 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 block chain platform are increasing the capabilities of digital right management software, and making it more secured and convenient tools for enterprises and other industrial applications.
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 $11 billion. 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…