Digital Rights Management in Media & Entertainment Market Analysis Report By Application, By Enterprise Size, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global digital rights management in media & entertainment market was prized by USD 1.74 billion in 2020. It is estimated to witness 16.5% CAGR from 2021 to 2028.

Drivers

The rising span of greater bandwidth internet system and digital disturbance are permitting the trouble-free delivery of media content through users. But, moreover this permits for the unlawful distribution of the media content together with applications, audio, books and videos, upsetting the profits of content distributors and publishers.

To decrease the illicit sharing of media content, a number of content distributors and publishers implement the technologies for Digital Rights Management (DRM). Digital rights management technologies defend content by means of the templates or license keys and permitting merely the official consumers, to watch or make use of the contents although it is unlawfully copied or circulated.  

The demand for digital rights management technologies has considerably augmented through the U.S., during latest years, because of the increase in digital alteration technologies and the better utilization of digital media between the clients.

Top content publishers’, content producers and media distributors are reliant on the profits created from their content. They are, ever more, spending in a number of digital rights management technologies, to avert clients from replication or altering the content in new configuration.

Digital rights management resolutions assist content makers as well as distributors to provide content for the specific spectators, in addition to offer multiple layered contribution procedure like a method to boost income.

Effect of Covid-19

The eruption of Covid-19 pandemic possessed a considerable influence on the market for digital rights management in media & entertainment. Since, the clients were forced to go along government rules and reside at home for the extended periods, the demand for mobile gaming, video on demand (VOD), and mobile content utilization intensified. Content distributors, content developers and streaming associates raised their investment in digital rights management technologies to restrain, and control the piracy of finest content.

Application Insight

The video on demand application sector directed the market, in 2020. It is anticipated to develop by the highest, more than 19.0% CAGR, during the forecast period.

The factors like globally increasing figure of the smart phone users, and augmented internet connectivity by which the user can effortlessly online view and download high ranking first-rate video content, can be credited to the enlargement of the sector.

The mobile content sector is projected to observe assured expansion openings. The growth in clients, browsing content on a variety of mobile applications plus the greater amount of consumers for mobile apparatuses, is the factors, adding to the expansion of the sector.

Enterprise Size Insight

In 2020, large enterprises held approximately 70.0% revenue share and directed the market. The enlargement of the segment is credited to the augmented funds for the digital rights management technologies between large enterprises, varying from large production organizations, streaming service suppliers, Pay TV service source, and OTT channels. While large enterprises carry on to increase their services through various nations and regions, the requirement for several digital rights management technologies go on rising.

The small scale content creators or enterprises contain restricted sources to incorporate as well as set up digital rights management resolutions and incessantly check the digital rights management procedure. Therefore, as contrast to large enterprises the necessary investment in the acceptance and implementation of digital rightsmanagement technologies is not as par between small & medium scale enterprises (SMEs).

Yet, by the increase in administered digital rights management service suppliers, small & medium enterprises (SMEs) are being presented a variety of opportunities to influence proficient expertise on an optimized price, permitting them to steadily deliver content to the official consumers. This tendency is likely to push the implementation of digital rights management technologies between small & medium enterprises (SMEs) during the forecast period.

Regional Insight

North America held above 35.0% share of the general revenue and directed the global digital rights management in media & entertainment market, in 2020. The augmented expenditure on games, video-on-demand resolutions, video streaming content along with circulation of eBooks through Canada and the U.S. have added to the region’s leading place in the market.

Besides, the existence of a big content developers as well as distributors for example Hulu, LLC, Netflix, Inc.; and Amazon.com, Inc.’s Prime; those are forcefully going for digital rights management resolutions, has furthermore added to the enlargement of the local market. The strict standards connected with digital content safety and the deep-rooted digital infrastructure within the region can be, moreover, credited to the expansion of the market.

In Asia Pacific the demand for digital rights management resolutions is anticipated to increase by approximately 20.0%, during the forecast period. The increasing internet bandwidth, the growing amount of smart phone customers, plus greater concentration of residents are the factors, cheering consumers to look through eBooks, mobile content and video on demand above the internet.

The content developers are increasingly working together with big OTT and streaming associates to release best content, designed for the clients by means of such channels. But, distributing firmly such finest content is important, forcing distribution associates to spend on digital rights management resolutions.

Companies

By means of the existence of numerous digital rights management resolution suppliers the market is disintegrated. The configuration of planned partnerships, upgrading the product and development of the fresh product are a few strategic plans, taken on by the suppliers of digital rights management to uphold their place in the market.

The well known suppliers presenting digital rights management resolutions are considerably spending on research & development actions, to innovate as well as build up superior digital rights management resolutions and achieve a viable advantage above the contenders.

Some of the companies for digital rights management in media & entertainment market are:

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

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Million Insights has segmented the global digital rights management in media & entertainment market report based on application, enterprise size, and region:

• Application Outlook (Revenue, USD Million, 2017 - 2028)
    • Mobile Content
    • Video on Demand (VoD)
    • Mobile Gaming and Apps
    • eBook
    • Others

• Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)
    • SMEs
    • Large Enterprises

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA