Lucintel Forecasts Digital Rights Management Market to Reach $XX Billion by 2028

According to the recent study the digital rights management market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 14% to 16% from 2023 to 2028. Growth in this market is primarily driven by increasing adoption of digital devices and technology, rising adoption of intellectual property, and growing ecommerce business platform.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in digital rights management market by component (solution and service), deployment mode (cloud and on-premises), organisation size (large enterprises and SMEs), application (audio content, images, video content, confidential documents, spreadsheets, and presentation, software and games, e-books, and others), end use industry (banking, financial services and insurance, healthcare, government, research, printing, publications, and legal, education and training, retail and consumer, media and entertainment, IT, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Large enterprises market is expected to remain the largest segment during the forecast period.”

Based on application, the digital rights management market is segmented into audio content, images, video content, confidential documents, spreadsheets, and presentation, software and games, e-books, and others. Lucintel forecasts that the large enterprises market is expected to remain the largest segment due to the growing usage of DRM solutions to handle the data of a broad customer base and growing focus on serving customers and improving their overall journey by firms.

“Within the digital rights management market, the media and entertainment segment is expected to remain the largest end use industry”

Based on end use industry the media and entertainment segment is expected to witness the highest growth over the forecast period due to the high-speed internet connectivity, growing consumption of digital content, and increasing subscriber base of the online content-based publisher.

“North America will dominate the digital rights management market in near future”

North America will remain the largest region due to the rise in wireless technology investments by the companies, increasing adoption of advanced technologies by consumers, and presence of key players in the region.

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Major players of digital rights management market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Adobe Systems, Google, Microsoft, Apple, Oracle, IBM, and Irdeto are among the major digital rights management providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/digital-rights-management-market.aspx or [email protected]

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