Digital Rights Management in Media & Entertainment Market is expected to reach USD 6.12 billion by 2028

 Digital Rights Management in Media & Entertainment Industry Overview

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.

Digital Rights Management in Media & Entertainment Market Segmentation

Grand View Research has segmented the global digital rights management in media & entertainment market based on application, enterprise size, and region:

Based on the Application Insights, the market is segmented into Mobile Content, Video on Demand (VoD), Mobile Gaming and Apps, eBook and Others

  • The video on demand application segment dominated in 2020 and is expected to expand at the fastest CAGR of over 19% over the forecast period. Factors such as increased internet connectivity and the growing number of smartphones users globally, who can easily download and view high premium video content online, attribute to the segment growth. 
  • As a result of the increased demand for high-quality video content, several premium content distributors and streaming partners are investing in DRM technologies to target new audiences and expand their revenues opportunities.
  • The mobile content segment is expected to witness promising growth opportunities. The soaring number of mobile device users and increase in consumers browsing content on various mobile apps are contributing to the segment growth. Realizing the potential growth of mobile users, several content developers are offering marketing content, advertisements, and subscription-based content via mobile applications as a subscription pricing model. 

Based on the Enterprise Size Insights, the market is segmented into SMEs and Large Enterprises

  • Large enterprises dominated the market in 2020, accounting for around 70% revenue share of the overall market. The segment growth is attributed to the increased investments in DRM technologies among large enterprises ranging from streaming service providers, OTT channels, Pay TV service providers and large production organizations.
  • Small-scale enterprises or content producers have limited resources to integrate and deploy DRM solutions and continuously monitor the DRM process. Thus, the required investment in the implementation and adoption of DRM technologies is not at par among SMEs as compared to large enterprises. However, with the rise in managed DRM service providers, SMEs are being offered a range of options to leverage professional expertise at an optimized cost, allowing them to securely distribute content to authorized users. 

DRM in Media and Entertainment Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

 

Key Companies Profile & Market Share Insights

The digital rights management in media and entertainment market is fragmented with the presence of several DRM solution providers. Product upgrades, new product development, and the formation of strategic collaborations are some of the key initiatives adopted by DRM vendors to maintain their market positions. 

Some of the prominent players operating in the global DRM in media and entertainment industry are:

  • Google (Widevine)
  • Microsoft
  • Irdeto
  • Apple Inc.
  • Vitrium
  • Intertrust Technologies Corporation
  • Bitmovin Inc.
  • Kudel SKI SA (Nagra)

 

Order a free sample PDF of the Digital Rights Management in Media & Entertainment Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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