Albany, NY -- (SBWire) -- 10/26/2017 --Global market for digital rights management is experiencing growth as the technological advancements have increased the amount of data generation. There's an urgent need to manage the safety of this digital data which is also the reason behind sudden surge in the global market for digital rights management. Recently, Market Research Hub has come up with a new research report titled "Digital Rights Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025". The report accurately predicts the future of the market and also gives an overview of the present market situation. It is a result of vigorous research done by a team of expert analysts who have done the needful data crunching and study of market drivers and restraints for every sector of the global market for digital rights management.
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The research provides an insight to all the technological and economic factors affecting the global market for digital rights management. It also includes details of competitive scenario of the market by briefing profiles of key vendors functioning in the global market for digital rights management and their progress so far.
Drivers of Global Market for Digital Rights Management
The robust demand in the worldwide market for digital rights management is a result of various factors like new revenue models, rigorous rules and policies that are related to intellectual property. Other than this some major drivers of the market are turned out to be rising market of cloud based solutions for management of digital rights, securing retail via DRM integration with various platforms for e-commerce.
The researchers have also concluded that there are many other factors too worldwide, which have contributed in the progress of the market like, developing regions which are investing more in technology like Asia Pacific, increased demand of digital safety from media & entertainment, initiating digital rights management in the field of cloud based computing in regions like Europe and North America, demand for technology that prevents data loss etc.
Segmentation of Global Market for Digital Rights Management
The global market for digital rights management is being segmented based on end use, deployment and component. The bifurcation done on the basis of component deployment includes services & software. On the basis of deployment, the global market for digital rights management is divided into software based on cloud technology and on premises software. The segments of end use industry includes government, healthcare, retail & consumer, BFSI, and entertainment and media.
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There also a segmentation done for the global market of digital rights management based on geographical regions. This segment includes MEA, America, Asia Pacific, South America and Europe. The data for segment consists of market forecast and size which is done considering the projected period of 2017-2025.
Competitive Landscape of Global Market for Digital Rights Management
The comprehensive research report of the global market for digital rights management gives a top to bottom view of the market with also the brief profiles of key vendors in the market. Some of those key players are Oracle, Conax AS, Vaultize Technologies, Apple Inc., Adobe Systems Incorporated, Locklizard Limited, Microsoft Corporation InterTrust Technologies, NAGRA, and Verimatrix, Inc.
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Rise in Threats to Digital Data Boosts the Global Market for Digital Rights Management
The global market for digital rights management is expected to witness a CAGR of 14.3% over the period 2017 to 2025.