According to a new report, published by KBV research, The Global Digital Rights Management Market size is expected to reach $15.2 billion by 2027, rising at a market growth of 22.5% CAGR during the forecast period.
The Small & Medium Enterprise (SME's) market has shown a growth rate of 24.6% during (2021 - 2027). Due to the low cost of services & technologies and easy availability, market players are eager to reorient their strategies and invest much more in this space than well-established enterprises, as SMEs proceed to play an important role in economic growth & generate the most recent jobs, especially in the developing regions.
The Video-on-demand segment acquired maximum revenue share in the Global Digital Rights Management Market by Application in 2020, thereby, achieving a market value of $5.7 billion by 2027. It is because it safeguards video content while ensuring that delivery & playback are as seamless as possible. It also prevents the viewing of these videos on portable media devices. The ability to protect videos is pushing the use of DRM technologies
The Printing & Publication Educational segment is showcasing a CAGR of 22.1% during (2021 - 2027). The education sector, in particular, has undergone a substantial transformation from old working methods to digital practices. Digital content is insecure since it is accessible at any time and from any location on the globe. Several companies have developed Digital Rights Management (DRM) technologies to assist eLearning institutions in managing intellectual property rights. It sets and identifies rights holders, as well as the permissions that apply, and it tracks usage. In other words, it establishes people who can access the content and for how long.
The North America market dominated the Global Digital Rights Management Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.3 billion by 2027. The Europe market is estimated to witness a CAGR of 21.6% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 24.5 % during (2021 - 2027).
Full Report: https://www.kbvresearch.com/digital-rights-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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