Global Digital Rights Management in Media and Entertainment Market Insights Forecasts to 2033

• The Global Digital Rights Management in Media and Entertainment Market Size was Valued at USD 4.64 Billion in 2023
• The Market Size is Growing at a CAGR of 13.05% from 2023 to 2033
• The Worldwide Digital Rights Management in Media and Entertainment Market Size is Expected to Reach USD 15.82 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

 

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The Digital Rights Management in Media and Entertainment Market Size is Anticipated to Exceed USD 15.82 Billion by 2033, Growing at a CAGR of 13.05% from 2023 to 2033.

 

Market Overview

A term such as "Digital Rights Management" (DRM) refers to tools, procedures, and regulations the media and entertainment industries apply to secure and manage the rights connected with digital content. Digital rights management is the process of transferring ownership of digital content from the owner to a computer program. Digital rights management strives to safeguard the copyright holder's rights while also preventing content from being distributed and altered without permission. Digital rights management is becoming increasingly significant as digital content expands via peer-to-peer file sharing, torrent sites, and online piracy. It assists entertainment and media enterprises in protecting themselves from the cybersecurity concerns that all organizations face, such as safeguarding consumer data, assuring and showing compliance, improving operational efficiency, and avoiding downtime. Digital disruption and the growing availability of high-bandwidth internet networks enable the simple sharing of media content among people. However, this also allows for the unauthorized distribution of media content such as audio, video, books, and software, thereby lowering revenue for content creators and distributors. To prevent unlawful media distribution, various content publishers and distributors use digital rights management technology. Digital rights management methods use license keys or templates to safeguard content, permitting only authorized users to access or use it, even if it has been illegally distributed or copied. Furthermore, increasing demand and consumption of over-the-top (OTT) services will offer the company desirable opportunities. This promotes the growth and development of the digital rights management industry by making it easier for over-the-top (OTT) platforms to expand, allowing various digital rights management policies to protect and capitalize on their content.

 

Report Coverage

This research report categorizes the market for the digital rights management in media and entertainment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the digital rights management in media and entertainment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the digital rights management in media and entertainment market.

 

Driving Factors

The significant increase in digital video consumption has been driven primarily by consumers' adoption of improved connected devices and an increasing number of endpoints. Partners in premium video content and streaming channels looking to capitalize on the market's growing commercial potential seek mediums or platforms, such as OTT, to deliver high-quality audio and video content that attracts consumers and improves the customer experience. The growing demand for and consumption of over-the-top (OTT) services will present beneficial possibilities for the business. Over-the-top (OTT) content delivery has emerged as the dominating approach in the modern entertainment industry.

 

Restraining Factors

Media and entertainment organizations have to safeguard their content, such as music files, movies, and videos, as well as contract negotiations, screenplays, and cut sequences. The Sony Pictures hack emphasized this concern, as it resulted in the loss of personnel data as well as unreleased movies, plans, and scripts for prospective projects.

 

Market Segmentation

The digital rights management in media and entertainment market share is classified into applications and enterprise type.

 

• The video on demand (VoD) segment is expected to hold the largest market share through the forecast period.

Based on the applications, the digital rights management in media and entertainment market is categorized into mobile content, video on demand (VoD), mobile gaming and apps, eBook, and others. Among these, the video on demand (VoD) segment is expected to hold the largest market share through the forecast period. The number of people who have access to the internet and who use cell phones has increased across the board. Smartphone users can easily download and watch high-quality premium video material available online. Due to rising demand for high-quality video material, certain premium content distributors and streaming partners are investing in digital rights management solutions to reach new audiences and extend their revenue potential.

 

• The large enterprises segment is dominated the market with the highest market revenue share through the forecast period.

Based on the enterprise type, the digital rights management in media and entertainment market is categorized into small and medium enterprises (SMEs), and large enterprises. Among these, the large enterprises segment is dominated the market with the highest market revenue share through the forecast period. DRM (digital rights management) systems are fast being implemented by several businesses to handle the data of their large customer bases. Attributed to rising expenditures on DRM technologies by significant corporations including streaming service providers, OTT channels, Pay TV service providers, and large production organizations.

 

Regional Segment Analysis of the Digital Rights Management in Media and Entertainment Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of digital rights management in media and entertainment market over the predicted timeframe.

 

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North America is projected to hold the largest share of digital rights management in media and entertainment market over the forecast period. Increased investment in video-on-demand solutions, video streaming content, gaming, and eBook distribution in the United States and Canada has contributed to the area maintaining its market dominance. North America's prominence in the digital rights management (DRM) market can be linked to a variety of factors, including significant media and entertainment corporations, technological advancements, and strict intellectual property rights enforcement. In addition to well-established DRM systems and infrastructure, the region is recognized for its high levels of digital content consumption and mature industry. Furthermore, the region established digital rights management systems.

 

Europe is expected to grow at the fastest CAGR growth of digital rights management in media and entertainment market during the forecast period. Digital rights management is a significant European industry, particularly within the media and entertainment sectors. The region has a distinct identity since the nations that comprise it have a wide range of constitutional limits and consumption trends for digital material. In Europe, there is a considerable emphasis on copyright protection and data privacy, which is driving the development of DRM systems. Some of the potential for this sector of the economy include the expansion of over-the-top (OTT) platforms, the transfer of information to many displays, and the desire for global content distribution that complies with local laws. Each of these components has a strong connection with the others.

 

Demand for digital rights management solutions in Asia Pacific is bound to grow. High population density, an increasing number of smartphone users, and increased internet bandwidth are all pushing people to explore mobile material, video on demand, and eBooks on the web. Content creators are increasingly cooperating with immense streaming and OTT partners to provide premium content to consumers through these channels. However, providing such valuable content securely is critical, which has prompted distribution partners to invest in digital rights management solutions. The region is creating enormous possibilities for digital rights management solutions as a result of increased demand for streaming services, online gaming, and digital content distribution.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the digital rights management in media and entertainment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Inter trust Technologies Corporation
• Microsoft
• Vitrium
• Apple Inc.
• Oracle Corporation
• Veri matrix
• EZDRM
• VeriSign Inc.
• Kudel SKI SA
• Acquia Inc.
• OVHcloud
• HelpSystems
• Edition Guard LLC.
• Irdeto
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In April 2024, Agora Inc., a pioneer and leading platform for real-time interaction APIs, revealed a new relationship with EZDRM, the leading supplier of Digital Rights Management as a Service (DRMaaS). The collaboration seeks to provide secure, interactive experiences that maintain vital content while engaging consumers on a deeper level.

 

• In March 2024, Irdeto announced the release of a new technology marketed as a "watermarking solution" to safeguard against gaming leaks.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the digital rights management in media and entertainment market based on the below-mentioned segments: 

 

Global Digital Rights Management in Media and Entertainment Market, By Applications

• Mobile Content
• Video on Demand (VoD)
• Mobile Gaming and Apps
• eBook
• Others

 

Global Digital Rights Management in Media and Entertainment Market, By Enterprise Type

• Small and Medium Enterprises (SMEs)
• Large Enterprises

 

Global Digital Rights Management in Media and Entertainment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa