Digital Rights Management Market Size, Share, Growth Report 2032

Digital Rights Management Market: Size

The global digital rights management market size was worth around USD 5.18 billion in 2023 and is predicted to grow to around USD 16.75 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.92% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the digital rights management market on a global and regional level.

Request Free Sample

Digital Rights Management Market: Overview

Digital rights management (DRM) is an organized approach for copyright protection on digital platforms. The purpose of DRM solutions is to prevent any unauthorized distribution of digital content and confine ways by which other users can copy purchased content.

The increasing adoption of digital rights management solution in the BFSI sector is driving the digital rights management market. Digital rights management solutions offer various benefits to the BFSI sector, such as data encryption, access to confidential documents on authorized personnel’s individual tablets and smartphones, etc. Various financial organizations are focusing on using these solutions to secure data along with identifying and preventing data thefts. Major market players, such as Oracle Corporation, are offering custom-made solutions for banks and other financial institutes. Furthermore, rising IT investments by financial institutes are fueling the demand for these solutions. However, lack of standardization and of awareness about technology usage can adversely affect this market. Alternatively, progressing digitalization in developing economies like India and China will open new growth avenues for the market in the upcoming years.

Request Free Sample

Digital Rights Management Market: Segmentation

The study provides a crucial view of the digital rights management market based on deployment, component, application, end-use industry, and region. All the segments of the digital rights management market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Software and services form the component segment of the global digital rights management market.

Based on deployment, the global digital rights management market is bifurcated into on-premises and cloud.

Based on application segment, the digital rights management market is bifurcated into Gaming, e-books, video on demand, digital content, and others.

The end-use industry segment includes retail, BFSI, government sector, healthcare, media and entertainment, and others. The retail sector is expected to witness a substantial growth rate in the upcoming years, owing to the increasing online shopping trends recorded in the last few years. Furthermore, the media and entertainment sector is anticipated to hold a huge market share, as organizations like Amazon Prime and Netflix have witnessed a rise in the number of their annual subscribers in recent times.

Digital Rights Management Market: Report Scope

Digital Rights Management Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe with further classification into the U.S., Canada, Mexico, UK, France, Germany, Spain, Italy, China, Japan, India, South Korea, Australia, Brazil, Argentina, UAE, Saudi Arabia, and South Africa.

North America is anticipated to hold a significant chunk of the global digital rights management market during the estimated time span. The U.S. is a major contributor in terms of revenue in this regional market. With the presence of key players like Apple, Adobe Systems, Oracle Corporation, Microsoft Corporation, etc., the region is likely to generate huge market demand. The Middle Eastern and African digital rights management market is expected to witness a rise in the demand for digital right management solutions in the upcoming years, due to the growing adoption of technology by the retail sector.

Digital Rights Management Market: Competitive Players

Major players operating in the global digital rights management market include:

• Apple
• Adobe Systems
• Dell EMC
• Conax
• Microsoft Corporation
• Fasoo.com
• OpenText Corporation
• Intralinks Holdings
• Oracle Corporation
• Verimatrix

The Global Digital Rights Management Market is segmented as follows:

Global Digital Rights Management Market: Deployment Analysis

• On-Premises
• Cloud

Global Digital Rights Management Market: Component Analysis

• Software
• Services

Global Digital Rights Management Market: Application Analysis

• Gaming
• e-Books
• Video on Demand
• Digital Content
• Others

Global Digital Rights Management Market: End-Use Industry Analysis

• Retail
• BFSI
• Government Sector
• Healthcare
• Media and Entertainment
• Others

Global Digital Rights Management Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa