Digital Rights Management Market is Expected to Reach a High Valuation of USD 17.8 Billion by 2032 | FMI

The digital rights management market is poised for remarkable growth in the coming years, with an estimated valuation of USD 17.8 Billion by 2032. This projection reflects a robust CAGR of 13.5% spanning the decade from 2022 to 2032

This exceptional market expansion can be attributed to the escalating importance of safeguarding digital content and intellectual property in an increasingly digital-centric world. With content creators, media companies, and various other stakeholders prioritizing the protection of their digital assets, digital rights management solutions are set to play a pivotal role in preserving and monetizing these assets securely.

As the digital landscape continues to evolve, the digital rights management market is expected to remain a vital component of the global digital ecosystem, ensuring the integrity and profitability of digital content and services.

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In addition, with the increasing demand for OTT content, the market is likely to witness notable opportunities for expansion in the assessment period. The increasing popularity of OTT platforms like Netflix, Hulu, Amazon Prime, and Disney Plus among others is predicted to positively influence the market.

On the contrary, additional overhead costs and associated complexities with DRM are likely to hinder the market growth in the coming time. However, continuous developments in data security like up-gradation to end-to-end encryption are expected to counter the negative factors and support the market expansion in the coming years.

Key Takeaways from the Digital Rights Management Market Report:

  • The global digital rights management market to value USD 17.8 Billion from 2022-2032
  • The global digital rights management market to witness a 13.5% growth rate from 2022-2032
  • The software segment, by component, is to expand at 9.8% CAGR from 2022-2032
  • The On-premise segment, by deployment, is to exhibit a 6.7% growth rate by 2032
  • The U.S market to expand at 9.8% CAGR and garner USD 3.1 Billion by 2032
  • Market in China to procure USD 90 Million from 2022-2032
  • Indian market to secure USD 500 Million during the forecast period

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Competition Analysis:

Key players in the global digital rights management market include Adobe Systems Incorporated, Apple Inc., Conax AS, Dell EMC, and Fasoo.com Inc., among others. Recent key developments among players include:

  • In January 2020, Seclore, a data-centric security platform in the U.S., rolled out Seclore for O365. Organizations are using digital rights management technologies to secure sensitive data information.
  • In February 2021, RAIR Technologies announced a decentralized digital rights management platform. It was built to power digital scarcity for creators.

Digital Rights Management Market Segmentation:

By Component:

  • Digital Rights Management Software
  • Digital Rights Management Services

By Deployment Type:

  • On-Premise Digital Rights Management
  • Cloud-Based Digital Rights Management

By End-Use Industry:

  • Digital Rights Management for Healthcare
  • Digital Rights Management for BFSI
  • Digital Rights Management for Government
  • Digital Rights Management for Media and Entertainment
  • Digital Rights Management for Retail
  • Digital Rights Management for Other End-Use Industries

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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