Noida, UP -- (SBWire) -- 05/09/2011 --Global Digital Rights Management (DRM) market is projected to witness significant growth in near future due to the continuously growing media and entertainment sector. Our team of experts says that, mobile content market is projected to be one of the key driving forces for the growth in the DRM industry. Telecom operators are offering premium multimedia content to compensate for their declining voice revenue per user. Besides, enterprise sector will witness significant growth and is projected to offer immense opportunities for implementing DRM. The industry has been experiencing losses worth billions of dollars due to the lack of DRM implementation in corporate.
According to our report “Global DRM Market Analysis”, global market for DRM is projected to grow three fold till 2014 with rising spending on DRM software and hardware to protect entertainment, commercial software, and other information. Our research says that, DRM applications have huge opportunities across different verticals including healthcare, educational services, software industry, and financial sector. Electronic Medical Record, particularly, is the major segment, which has huge future growth potential in healthcare. E-books have also vast future potential, where DRM can capture significant market share.
More importantly, at the software front, piracy exists on a vast scale and is growing globally. Illegal downloads remains rife, and alternative forms of illegal distribution remains a big issue. Additionally, DRM has a huge application market as it applies to any business with sensitive or confidential information. It also protects high-value digital assets and controls the distribution and usage of those assets, or automates important processes operating on the computing resources of multiple parties.
“Global DRM Market Analysis” studies DRM market thoroughly with its potential areas. The report studies growth drivers and current trends in the DRM industry by analyzing different verticals. The research also involves the study of industry restraints and future growth of DRM market. Besides, main players have been analyzed in the report to provide an overview of the key players and their business. The report aims at providing clarity to investors by analyzing different aspects of the market.
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Global Drm Market to Grow Threefold by 2014
Growth in the global DRM market will be fueled by the media and entertainment sector during the forecast period, says RNCOS.