The Latin America, Middle East and Africa Digital Rights Management Market would witness market growth of 27.0% CAGR during the forecast period (2021-2027).
Because the storage space on a mobile device is insufficient to broadcast a high-quality video in real-time, cloud-based DRM is required when making use of video on demand (VoD) prospects. Cloud services are a cost-effective method to improve DRM operations while ensuring a high level of service. The cloud deployment paradigm simplifies the transfer of licensing keys and numerous security functions from the client device towards the server. Multiple DRMs, protocols, formats, and dynamic business models may now be managed, updated, and supported more easily. Cloud-based solutions are projected to gain popularity as a result of these value increases. This is expected to present significant growth prospects for the DRM industry.
Digital rights management usually comprises codes that prevent duplicating or that limit the amount of time or devices onto which a product may be accessed. Content creators, publishers, and other authors utilize software to encrypt data, media, e-books, software, content, and other copyrighted materials. The material can only be accessed by those who have the decryption keys. They can also employ methods to limit or restrict what users can do with their content. Authors and publishers can also get a log of who used what media, content, or software when they implement digital rights management. A person can, for example, check when an e-book was downloaded or printed, including who accessed it.
Content is governed by Federal Law No. 15 of 1980 on Publications and Publishing (Publications Law), regardless of whether it is published electronically or through conventional media like magazines and newspapers. The UAE's Publications Law governs printing & publishing, and it's comprehensive enough to embrace all types of published material expression, along with television broadcasting. The Publications Law establishes what can and cannot be published, including religious and political topics, individual rights and national security, and public morals. Other articles in the Publications Law detail the penalties that can be imposed on a publishing company, as well as the editor-in-chief or editor in some cases, if they are discovered to have broken the law's provisions.
The growing use of social networking sites in the UAE has the potential to provide significant economic value. Social media has developed rapidly across the Arab world, according to the Arab Media Outlook 2011-2015 (a report offering an overview of the regional media sector), with over 90% of all internet users in the UAE utilizing social networking sites like Facebook. In addition, the regularity of use has increased dramatically in recent years, with over 65 percent of these users accessing social networks multiple times per day.
The Brazil market dominated the LAMEA Digital Rights Management Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $305.6 million by 2027. The Argentina market is poised to grow at a CAGR of 27.7% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 26.7% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprise, and Small & Medium Enterprise (SME's). Based on Application, the market is segmented into Video-on-demand, Mobile Gaming, Mobile Content, and Others. Based on Vertical, the market is segmented into Television & Film, Printing & Publication Educational, BFSI, Healthcare, Software, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Digital Rights Management Market is Predict to reach $15.2 Billion by 2027, at a CAGR of 22.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DivX, LLC, Fasoo, NextLabs, Inc., Adobe, Inc., Apple, Inc., Sony Corporation, IBM Corporation, Oracle Corporation, Microsoft Corporation, and Dell Technologies, Inc.
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Companies Profiled
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