The market for digital rights management is projected to reach value of US$ 9,086.8 Mn by 2026, registering a CAGR of 15.3% during the forecast period.

Albany, NY -- (SBWire) -- 08/22/2018 --Since the dawn of digitalization, digital content security and management has always been a need of the hour. The global digital rights management (DRM) market has been gaining unbounded traction by virtue of data breaches & privacy concerns. Furthermore, prosperity of innovative revenue models & execution of uncompromising policies for safeguarding intellectual property (IP) from illegal access are catalyzing growth of digital rights management. On the flip side, the DRM market is witnessing utmost shortage of unified DRM solutions. In order to ensure complete security, end-users need to select multiple DRM solutions, which leads to high-scale initial investments and high after-sales maintenance. These insights are obtained from a new report, titled "Digital Rights Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," recently added to the exhaustive library of Market Research Reports Search Engine (MRRSE).

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One of the biggest mishaps had occurred in 2016 when HBO, one of the biggest leaders in media & entertainment industry, had undergone a big-time revenue loss. This catastrophe was a result of piracy breach of its all-time popular show 'Game of Thrones'. So, in a bid to procure and shield revenue from digital assets, primarily software, digital media, solutions, & services, the necessity to monitor & prohibit unauthorized access has become an imperative. This demand, in turn, is anticipated to dynamize the global digital rights management market during the assessment timeline.

Digital Rights Management Market- Need to Cushion Ownership & Copyright of Content to Sweep Demand

The demand for DRM is on an ascending stage due to a multitude of benefits it provides to the owners & publishers of digital content. The internet is flooded with content sources and this extensive proliferation has also led a hitch of security mishaps to come into the picture. DRM is sought by owners & publishers of digital content to distribute content such as periodicals, enterprise-related information, media files, educational material, and videos, yet in a safe and secure manner. DRM is finding extensive applications in protection of digital content from thefts and piracy attacks. Industries which are procuring benefits from digital rights management software include BFSI, government, healthcare, media & entertainment, and retail. Media leads the race with highest application of digital rights management. This high-scale deployment is due to hefty volume of content generated by the media & entertainment industry. Moreover, more and more number of companies flourishing in the media & entertainment industry are further complementing the market growth. This results in a heightened demand for DRM software to establish a healthy control over media files like images, audios, and videos from various sources.

Global Digital Rights Management Market: Competition Landscape

The research study comprises of leading companies operating in global digital rights management market. Key players listed in this report include Conax AS, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple Inc., Microsoft Corporation, Locklizard Limited, Vaultize Technologies, Verimatrix, Inc., OpenText Corp., Seclore Technology, Vera Security, Inc., Vitrium Systems Inc., Dell EMC, Fasoo, Inc., Intralinks, Inc., and Nextlabs, Inc.

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