Enterprise Rights Management Solution Market Size Report, Industry Share, Analysis, Growth, 2030

Enterprise Rights Management Solution Industry Prospective:

The global enterprise rights management solution market size was worth around USD 5.21 Billion in 2022 and is predicted to grow to around USD 20.36 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 18.67% between 2023 and 2030.

Request Free Sample

The report analyzes the global enterprise rights management solution market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the enterprise rights management solution industry.

Global Enterprise Rights Management Solution Market: Overview

The enterprise rights management solution aids businesses to automate and digitize the process of end-to-end rights management, which in turn improves their operational efficiency as well as visibility into assets and their rights. Additionally, these solutions also carry out complicated calculations and allow financial tracking of contracts. Currently, compromises on data security occur in enterprises. Employees can take this data along with them by uploading it to the cloud, on a laptop, or USB stick. There are also chances that the data may get exposed to the systems unintentionally because of poor measures of security. In such cases, enterprise rights management solutions protect confidential data and do not leave the enterprise.

Global Enterprise Rights Management Solution Market: Growth Factors

The growing rates of cyber-attacks & data breaches, the rise in the need to secure the data related to intellectual properties, and the growing adoption of enterprise rights management solutions by small and medium-sized enterprises are some of the key factors that are fuelling the growth of the global enterprise rights management solution market. In addition to this, the enterprise rights management solution offers several benefits to companies. It controls the usage of documents-printing, copying & editing, prevents sharing with unauthorized users, stops screen grabbing & printing to file drivers, revokes access to documents & users, restricts document use to IP address & country locations, and integrates with e-commerce for 24x7 document delivery.

Owing to all such benefits, there is a rise in the demand for enterprise rights management solutions thereby augmenting the growth of the global market. Moreover, the growing trend of digitization, growing concerns of online data piracy, and bringing your device adopted by several organizations are some of the factors that are contributing to the growth of the market. Furthermore, expanding the use of enterprise rights management solutions in the IT sector will offer huge opportunities for the growth of the global enterprise rights management solution market during the forecast period. However, owing to the high cost of installation and huge complexity, the adoption rate of enterprise rights management solutions by small and mid-sized enterprises is low in developing countries which in turn may hinder the growth of the global enterprise rights management solution market.

Request Free Sample

The pandemic of Covid-19 has led to strict lockdowns and restrictions on movement. Thus, the majority of the IT sectors deployed work-from-home options. This may continue for a longer period. Approximately 88 percent of the companies across the world made it compulsory to work from home after the declaration of the Covid-19 pandemic. This raised concerns regarding data privacy, cyber-attacks, and insider threats. This led to a rise in the demand for enterprise rights management solutions. However, the shutdown of enterprises during the first quarter of the year 2020 resulted in the low adoption of the enterprise rights management solution. Thus, the global enterprise rights management solution market demonstrated a steady growth rate amid the COVID-19 pandemic.

Enterprise Rights Management Solution Market: Report Scope

Global Enterprise Rights Management Solution Market: Segmentation

The global enterprise rights management solution market is categorized by enterprise size, component, industry, deployment type, and region. Based on the enterprise size, the global enterprise rights management solution market is split into small & medium-sized enterprises and large enterprises. The component segment is bifurcated into integrated with enterprise file sharing and synchronization (EFSS), consulting services, training, and support services, integrated with data loss prevention (DLP), integrated with other systems, and implementation and integration services. Based on the industry, the global market is classified into healthcare & pharmaceuticals, banking, financial services, & insurance (BFSI), manufacturing, government, law, software & technology, research & publications, and others. Based on deployment, the market is divided into the cloud and on-premises.

Global Enterprise Rights Management Solution Market: Regional Analysis

North America is estimated to hold the largest share of the market in terms of revenue during the forecast period. This is attributable to the presence of major key players, the rise in technological advancements in the IT sector, and the adoption of enterprise rights management solutions at a rapid pace. On the other hand, the global enterprise rights management solution market in the Asia Pacific region is anticipated to grow at a lucrative rate. This is due to the growing trend of digitization in each sector especially the banking sector which necessarily requires the security of digital information.

Global Enterprise Rights Management Solution Market: Competitive Players

Some of the major players in the global enterprise rights management solution market include 

• Microsoft
• NextLabs
• Copyright Clearance Center
• TransPerfect
• Network Intelligence
• Oracle
• Adobe
• Vitrium
• Seclore
• OpenText.

The global enterprise rights management solution market is segmented as follows:

By Enterprise Size

• Small & Medium-Sized Enterprises And Large Enterprises

By Component

• Enterprise File Sharing And Synchronization (Efss)
• Consulting Services
• Training
• Support Service
• Integrated With Data Loss Prevention (DLP)
• Integrated With Other Systems
• Implementation And Integration Services

By Industry

• Healthcare & Pharmaceuticals
• Banking, Financial Services, & Insurance (Bfsi)
• Manufacturing
• Government
• Law
• Software & Technology
• Research & Publications
• And Others

BY Deployment

• Cloud and On-Premises

Global Enterprise Rights Management Solution Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.