The global Digital Rights Management In Media & Entertainment Market is expected to reach USD 6.12 billion by 2028, expanding at a CAGR of 16.5% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. Rapid growth in digital media and internet connectivity globally have created immense opportunities for content publishers and content distribution partners to grow their creative media content. However, with the boost in digital technologies, digital piracy and illegal distribution of content have significantly increased, negatively affecting the monetization opportunities for content distributors and content owners. These challenges are compelling content owners to seek and exercise control over the unauthorized access and distribution of content.
In the past few years, the demand for Digital Rights
Management (DRM) solutions has gained immense prominence among content owners
and content distribution service providers as DRMs secure real-time streaming
services over insecure networks. DRM solutions also offer secure distribution
of media content while maintaining the authentication and privacy rights of
content owners. The persistent protection offered is also influencing several
streaming service providers to adopt DRM solutions.
Moreover, the growing awareness about digital piracy
among users is driving the adoption of DRM solutions globally. Several
governments globally are looking for ways to establish stringent standards and
policies to prevent digital piracy. For instance, the Digital Millennium
Copyright Act, passed in 1998, still helps content developers, content
acquirers, and content distributors to secure their content and criminalize the
dissemination of content intended to bypass the control access of copyright
content. The rising number of such standards and increasing awareness about
content privacy and digital piracy are expected to drive market growth over the
forecast period.
Related Press Release@ Digital Rights Management in Media & Entertainment Market Report
Digital Rights Management in
Media & Entertainment Market Report Highlights
- The video on demand application segment is anticipated to expand at
the highest CAGR over the forecast period. The growing demand for high
definition and ultra-high-definition video content among users, along with
the rise in the distribution of OTT services and streaming services are
contributing to the segment growth
- The demand for DRM solutions among SMEs is expected to expand at a
higher CAGR compared to large enterprises over the forecast period. The
rise in the number of independent content providers and small-scale
content developers requiring standard DRM solutions to secure their
innovative and copyright contents can be attributed to the segment growth
- The increasing digital infrastructure across countries in the Asia
Pacific region and the presence of several communication service providers
offering low-cost digital mobile services has led to the rise in digital
media consumption among consumers. The Asia Pacific regional market is
anticipated to expand at a promising CAGR over the forecast period
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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