Global Digital Rights Management Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Digital Rights Management (DRM) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Digital Rights Management (DRM) market was valued at USD 3215.4 million in 2020 and expected to reach USD 6324.1 million by 2026 and grow at a CAGR of 12.18% over the forecast period (2021-2026).

Companies Mentioned

• Microsoft Corporation
• Dell Technologies Inc.
• Fasoo Inc.
• Seclore
• Oracle Corporation
• SAP SE (NextLabs Inc.)
• Adobe Systems Inc.
• OpenText Corporation
• ArtistScope
• Vitrium Systems Inc.
• Locklizard Limited
• Widevine Technologies Inc.
• Bynder LLC
• CipherCloud Inc.

Key Market Trends

Media & Entertainment Sector is Expected to hold a Significant Market Share

• With the growing consumption of digital content and expanding of subscriber base of the online content based publisher, the media & entertainment segment is expected to hold a significant market share during the forecast period.
• Digital content providers focus on reaching the widest audience possible, while also meeting the requirements of the major studios to protect their content. They plan to successfully deploy scalable and robust DRM strategies with a global footprint. In Nov 2019, BuyDRM announced that Rakuten Viki adopted the KeyOS MultiKey Service to secure the delivery of premium content on the Viki.com platform.
• Rakuten Viki will encrypt its premium streaming and download content with consumer-compatible and studio-approved multi-DRM, including Apple FairPlay, Microsoft PlayReady, and Google Widevine. Rakuten Viki's users will receive DRM license keys to playback the content from the MultiKey Service platform.
• Consumers are increasingly using services, like Netflix and similar OTT (over-the-top) services worldwide, and are paying for content, proving that consumer behavior has shifted to accept a growing market around OTT. According to the American media measurement and analytics company, comScore, Netflix captures 74% of the total penetration of US OTT households, followed by Youtube with 54%, and Amazon by 33%.
• Players, such as AMD, partnered with Microsoft in Aug 2019 to add Microsoft's PlayReady 3.0 DRM support for its RX 5700 series. This offers 4K protected content, such as Netflix content, to the users of AMD RX 5700.

Asia-Pacific is Expected to be the Fastest Growing Region

• The tremendous growth of smartphones and other mobile devices in the region, since 2010, has fueled the demand for digital media accessibility in mobile devices. As per Cisco, the number of smartphone users in the region is almost half the number of global smartphone users, which crossed the mark of 3 billion in 2018.
• The increasing adoption of IPTV, OTT, and IoT technologies are rising at a tremendous rate among consumers across the region. Also, Asia-Pacific consists of a significant amount of customer base as compared to the other regions, which is helping to drive the demand for the application of DRM market during the forecast period.
• In February 2020, Mola.tv, Indonesia's OTT service provider, secured its services using the Verimatrix Multi-DRM solution, which will protect the live and VOD content streamed by Mola.tv with optimized digital rights management (DRM) capabilities.
• Moreover, the rise in the presence of startup companies, offering innovative solutions is anticipated to drive the growth of the market across the region.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.3 Market Drivers

4.3.1 Increasing Proliferation of Internet Users

4.3.2 Government Regulations Regarding the Implementation of DRM Solutions

4.4 Market Restraints

4.4.1 Compatibility Issues between Devices and DRM Software

4.5 Assessment of Impact of Covid-19 on the Industry

5 MARKET SEGMENTATION

5.1 Organization Size

5.1.1 Small and Medium Enterprises

5.1.2 Large Enterprises

5.2 End-user Industry

5.2.1 Media & Entertainment

5.2.2 IT & Telecommunication

5.2.3 BFSI

5.2.4 Healthcare

5.2.5 Education

5.2.6 Other End-user Industries

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Latin America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Microsoft Corporation

6.1.2 Dell Technologies Inc.

6.1.3 Fasoo Inc.

6.1.4 Seclore

6.1.5 Oracle Corporation

6.1.6 SAP SE (NextLabs Inc.)

6.1.7 Adobe Systems Inc.

6.1.8 OpenText Corporation

6.1.9 ArtistScope

6.1.10 Vitrium Systems Inc.

6.1.11 Locklizard Limited

6.1.12 Widevine Technologies Inc.

6.1.13 Bynder LLC

6.1.14 CipherCloud Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/54qwk6