Global Digital Rights Management Market Is Estimated To Witness Growth Owing to Growing Adoption of Security Solutions and Growing Demand for Advanced Security Solutions

Digital Rights Management (DRM) is a set of technology standards that limit how digital content is accessed, reproduced, shared and used. DRM helps protect confidential information and income streams from being distributed in unauthorized ways. It also ensures that only authorized users have access to a certain digital content. The Internet has opened up new ways to protect intellectual property. However, there are still many risks associated with sharing and distributing digital content. These risks include unlawful copying of digital content, the resale of passwords or login credentials and the re-uploading of illegally copied material. In a decentralized online environment, the risk of stealing and sharing digital content is high. Therefore, the need for digital rights management is essential.

According to Coherent Market Insights the Digital Rights Management Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027.

Increasing demand for security solutions is estimated to augment growth of the global digital rights management market over the forecast period. For instance, Windows 10 builds 18362.752 and 18363.752 was released by Microsoft in March 2020. This build will update the performance issues in the applications. Moreover, increasing security concerns are anticipated to restrain growth of the global digital rights management market over the forecast period.

Impact of COVID-19:



The pandemic impacted almost every industry globally. It had a significant impact on many businesses and owing to the pandemic many people had to work remotely from home. Several firms had to switch to digital modes in order to continue their operations. There was an increased in adoption of digital modes for survival of the business. This also increased the security concerns. To overcome these concerns many companies had to modernize their IT infrastructure as many people were working remotely. This fueled the growth of the global digital rights management market during the pandemic.

Key Takeaways:



The global digital rights management market is expected to witness high growth, exhibiting CAGR of XX% over the forecast period, due to rising product launches. For instance, Seclore for O365 was launched by Seclore in January 2020, this enable organizations for integrating Seclore Rights Management platform with Microsoft O365 platform, for providing enhanced data protection.

Asia-Pacific is anticipated to witness significant growth in the global digital rights management market over the forecast period, owing to growing customer base and increasing demand for application of DRM.

Major players operating in the global digital rights management market are Oracle Corporation, Adobe, Sony Corporation, Apple Inc., NEXTLABS INC., Dell Inc., Microsoft Corporation, DivX, LLC., IBM Corporation, and Fasoo.


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