What is the Historic and Current Scenario of the Digital Rights Management In Media And Entertainment Market?
The digital rights management in media and entertainment market has seen considerable growth due to a variety of factors.
• The media and entertainment sector's digital rights management market has experienced rapid expansion in the past few years. The market size is expected to surge from $3.42 billion in 2024 to $4 billion in 2025, with a compound annual growth rate (CAGR) of 17.2%. This historical growth is due to factors such as the transition to digital distribution, content globalization, the emergence of diverse content formats, the rise in online streaming, the need to safeguard intellectual property, and the increasing consumer demand for accessibility.
How Does the Forecast Look for the Digital Rights Management In Media And Entertainment Template Market?
The Digital Rights Management In Media And Entertainment market is expected to maintain its strong growth trajectory in upcoming years.
• The estimated market size of digital rights management within the media and entertainment domain is foreseen to experience swift expansion in the upcoming years, growing to $8.24 billion in 2029 with a compound annual growth rate (CAGR) of 19.8%.
The projected growth in this period is largely due to the advent of novel content platforms, increase in user-produced content, consumption of content across multiple platforms, enhanced investment in content, prioritisation of data privacy, and fluid content delivery models. Significant trends for this forecast period comprise of DRM solutions rooted in cloud technology, the use of blockchain for superior security, cross-platform compatibility, utilisation of AI and machine learning for content surveillance, standardised DRM solutions, and strategies structured around multi-channel distribution.
What Are The Leading Drivers Of Growth In The Digital Rights Management In Media And Entertainment Market?
The accelerated growth of the media and entertainment market's digital rights management is largely attributed to the surging demand for OTT content. Over-the-top (OTT) is a medium for delivering digital amusement material, such as films, via the internet to cater to the specific requirements and preferences of customers. The digital rights management associated with media and entertainment in OTT facilitates content owners in imposing regulations on content access. This is achieved by barring users from copying or translating content into different media formats. The proprietor of the content sets these access rules, determining how a piece of content can be accessed and utilized. For instance, in November 2023, Ormax Media, a company based in India that excels in providing audio equipment and solutions, reported that the OTT platforms' cumulative viewership reached more than 481 million. This was a substantial growth of 13.5%, up from a projected 424 million in 2022. Consequently, the surge in OTT content demand is fueling the rise of digital rights management in the media and entertainment market.
How Are The Segments Defined Within The Global Digital Rights Management In Media And Entertainment Market?
The digital rights management in media and entertainment market covered in this report is segmented –
1) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
2) By Application: Mobile Content, Video On Demand (VoD), Mobile Gaming And Apps, eBook
3) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Printing And Publication Educational, Television And Film
Subsegments:
1) By Small And Medium Enterprises (SMEs): Small Enterprises, Medium Enterprises
2) By Large Enterprises: Global Corporations, Regional Corporations
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How Are New Trends Expected To Influence The Growth Of The Digital Rights Management In Media And Entertainment Market?
The rise of technology is an emerging trend in the digital rights management for the media and entertainment sector. Leading businesses in this sphere are creating novel technologies and software to maintain their market status. For example, Amazon Web Services (AWS), an American corporation that offers cloud computing platforms on demand, introduced a complimentary AWS Learning Plan and Digital Badge for Media and Entertainment (M&E) for Direct-to-Consumer (D2C) and Broadcast Foundations in April 2023. The training plan, designed by AWS for M&E solution specialists, provides information to executives, professionals in the field, and technologists about the AWS services and the most effective strategies for implementing Broadcast and Direct-to-Consumer (D2C) processes in cloud based environments.
Who Are the Key Players In The Digital Rights Management In Media And Entertainment Market?
Major companies operating in the digital rights management in media and entertainment market include:
• Google LLC
• Microsoft Corporation
• Irdeto BV
• Apple Inc.
• Vitrium Systems Inc.
• Bitmovin Inc.
• Kudelski Group
• Intertrust Technologies Corporation
• BuyDRM Inc.
• EditionGuard LLC
• EZDRM Inc.
• Verimatrix Inc.
• Oracle Corporation
• Fasoo Inc.
• International Business Machines Corporation
• NextLabs Inc.
• Sony Corporation
• Adobe Systems Incorporated
• Conax AS
• Locklizard Limited
• OpenText Corp
• Seclore Technology
• Vera Security Inc.
• Amazon Web Services Inc.
• Akamai Technologies Inc.
• Brightcove Inc.
• Cisco Systems Inc.
What Is The Most Dominant Region In The Digital Rights Management In Media And Entertainment Market?
North America was the largest region in the digital rights management in media and entertainment market in 2024. The regions covered in the digital rights management in media and entertainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
