Global DRM market is projected to grow at a CAGR of 25% during 2013-2017, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 10/20/2014 -- With rise in mobile apps and premium content, DRM market is anticipated to witness significant growth in the coming years as the use of smartphones powered by fast 3G and LTE networks is growing, leading to the volume of mobile data traffic and premium content market. On the top of that, the pace of 3G adoption, to a certain extent, influences the development of premium content applications by providing greater bandwidth and faster data transmission.
As per our research study “Digital Rights Management Market Forecast to 2017”, global DRM market is growing enormously on the back of its increasing applications in various new sectors such as healthcare and education. Among all, mobile content and media, including music and gaming, which would be critical for the future success of DRM market, remain the major potential application areas. The robust growth in revenue is also being driven by the growing market for cloud computing industry which will in future boost the demand of DRM in the market. Overall, the global DRM market is projected to grow at a CAGR of 25% during 2013-2017.
The report is studied thoroughly on three main grounds viz. region, application and players. Moreover, different characteristics of the market have been discussed along with forecasts to provide an understanding of market dynamics. This section intends to aid companies in designing their business strategies and provide them with key insights that help them boost their profits.
The research has covers regional analysis of DRM market which deals in study of current market scenario and future market potentials of major DRM markets. It also analyzes global DRM market Performance covering analysis of its application in various industries. Also, the report features industry restraints which are affecting the growth of DRM worldwide. This will help to provide all the prerequisite information for intending clients looking out to venture into these markets and facilitates them to devise strategies, while going for an investment/partnership in global DRM market.
Further, the study delves into the detailed description of the major players in industry covering description of their businesses and their recent developments. Moreover, to provide a thorough understanding of the company’s business model, company’s current and historical financials have also been included. This will help the reader to gain a deeper insight into each key market player.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.