PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568598
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568598
The Global Digital Rights Management Market will register over 14% CAGR from 2024 to 2032, with the increasing need for robust content protection. As digital content consumption surges, particularly through streaming services and e-books, organizations are prioritizing advanced DRM solutions to safeguard intellectual property and prevent unauthorized distribution. Against this backdrop, in September 2023, Oracle Access Governance updated its platform to enhance digital resource security. The new tools streamline user access management across applications, data repositories, and systems, ensuring that authorized individuals hold the appropriate privileges.
The rising adoption of cloud-based technologies and the proliferation of connected devices necessitate sophisticated DRM systems to ensure secure content access and compliance with licensing agreements. The enhanced regulatory frameworks and the need for secure transactions further contribute to the market scope.
The digital rights management market is sorted based on pricing models, content type, DRM technologies, industry verticals, deployment models, device types, organization size, functionalities, end-users, and region.
The encryption segment will exhibit a robust growth rate during 2024-2032, due to the escalating concerns over data breaches and cyberattacks. As organizations handle more sensitive content and personal data, the need to secure this information through advanced encryption methods becomes paramount. Encryption DRM technologies offer a robust solution by encoding content to ensure that only authorized users can access it, thereby safeguarding against unauthorized access and data theft. This heightened focus on protecting intellectual property and maintaining compliance with stringent data protection regulations bolsters the increased adoption of encryption-based DRM solutions.
The publishers segment will garner a significant digital rights management market share by 2032, as they seek to protect their intellectual property in a rapidly digitizing environment. With the rise of digital publishing, publishers are increasingly investing in DRM solutions to manage and secure their content against unauthorized access and piracy. This need for stringent control over digital distribution and usage drives demand for sophisticated DRM systems tailored to the publishing industry. By ensuring that content is accessible only to authorized users and in compliance with licensing agreements, publishers enhance their revenue protection and market competitiveness, thus fueling the expansion of the DRM market.
Europe digital rights management market will exhibit a strong CAGR through 2032, amplified by the strict data protection regulations and a robust digital economy. The enforcement of regulations such as the General Data Protection Regulation (GDPR) compels organizations to adopt DRM solutions to ensure compliance and secure sensitive information. Additionally, the widespread digital transformation across media, entertainment, and publishing sectors, creates a strong demand for DRM technologies to protect intellectual property and manage content rights. The increasing prevalence of digital content consumption and e-commerce further accelerates the demand for effective DRM systems in Europe.