Global Digital Rights Management (DRM) Market Report and Forecast 2024-2032

Global Digital Rights Management (DRM) Market Outlook

The global digital rights management (DRM) market size reached USD 4.04 billion in 2023. The market is expected to grow at a CAGR of 12.3% between 2024 and 2032, reaching almost USD 11.43 billion by 2032.

Key Takeaways:

• In 2023, the presence of 1.076 billion mobile internet users in China, contributed to the growth of the global digital rights management (DRM) market.

• According to the World Intellectual Property Organization, 3.46 million patent applications were filed in 2022.

• DRM provides keys for media decryption, protecting e-books, music, and educational materials. Global demand grows due to content control features.

Digital rights management (DRM) uses technology to regulate access to copyrighted digital content. It employs codes to limit device copying and usage, empowering creators to control paid user access. This prevents unauthorized asset use, helping avoid legal issues.

As per the global digital rights management (DRM) market report, DRM supplies decryption keys for media like e-books and music, safeguarding intellectual property. It also secures educational materials and systems like AMS and LMS. Rising global demand for DRM is due to its restrictions on content editing, forwarding, saving, and printing.

As per the China Internet Network Information Center (CNNIC) in 2023, the mobile Internet user base in China had surged to 1.076 billion individuals. Nearly all of China's internet users, accounting for 99.8%, accessed the internet through mobile phones thus boosting the global digital rights management (DRM) market growth.

Key Trends and Developments

Factors such as the increase in online content subscribers, the adoption of bring-your-own-device (BYOD) policies, advancements in research and development, and the growth of the video game industry are propelling the global digital rights management (DRM) market.

January 2024

Elastos had launched Elacity DRM, a Web3-focused DRM tool for video content creators, combining NFT tech with decentralized DRM, enabling control over digital rights.

February 2024

Lockheed Martin pioneered a groundbreaking patent in digital rights management, transforming digital security with an advanced system ensuring unparalleled protection.

September 2023

PallyCon's DRM License Cipher shielded users from weaknesses in software-level DRM, with their new feature aimed at addressing and fixing vulnerabilities.

July 2023

Google had proposed a new web protocol that incorporated digital rights management (DRM) into operating systems, termed Web Environment Integrity (WEI).

Online content subscribers

As per the global digital rights management (DRM) market analysis, the rising global subscriber base for online content publishers, coupled with a flourishing media and entertainment sector, stands as a pivotal factor bolstering market expansion. Additionally, the increasing need for DRM among digital content providers to reach broader audiences and safeguard their content is positively impacting the industry.

Bring-your-own-device (BYOD) policies

The global digital rights management (DRM) market growth is propelled by the increasing acceptance of bring-your-own-device (BYOD) policies, allowing employees to use their devices to access company information.

Research and development (R&D)

Major manufacturers are dedicating resources to research and development (R&D) endeavours aimed at launching blockchain-based DRM systems, which monitor the global distribution of copyrighted materials. Concurrently, the market is experiencing growth due to the increasing viewership of over-the-top (OTT) content, with OTT providers adjusting their content strategies to cater to demand across various genres.

Video game industry

DRM plays a crucial role in safeguarding game software and combating piracy within the video game sector, thereby encouraging wider adoption of DRM solutions. Enhancements in DRM technology, including watermarking, adaptive streaming, and secure hardware modules, enhance the efficiency and user satisfaction of DRM solutions, thereby facilitating global digital rights management (DRM) market expansion.

Global Digital Rights Management (DRM) Market Trends

As per the global digital rights management (DRM) market analysis, the ongoing digital transformation within the publishing industry is fostering a heightened dependence on DRM to safeguard digital books and publications. Publishers utilize DRM to regulate access and deter unauthorized reproduction or distribution. Concurrently, software developers are leveraging DRM to counter software piracy, serving as a significant driver of market growth.

The expanding realms of e-learning and remote work are amplifying the need for DRM in educational and corporate settings to secure sensitive content and intellectual assets. This trend is fostering a favourable market landscape worldwide.

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Market Segmentation

Global Digital Rights Management (DRM) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Organisation Size

• Small and Medium Enterprises

• Large Enterprises

Market Breakup by End-User Industry

• Media and Entertainment

• IT and Telecommunication

• BFSI

• Healthcare

• Education

• Others    

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

The media and entertainment sector drives the global digital rights management (DRM) market growth by primarily aiming to protect the revenue streams of content creators and combat piracy and unauthorized distribution

DRM within the media and entertainment sector facilitates secure content delivery across various platforms, such as streaming services, while also providing consumers with easy access to flexible licensing and usage options. Content creators can utilize applications to limit user actions with their content or encrypt digital media, ensuring that only those with the decryption key can access it.

Within the BFSI sector, DRM involves the implementation of technology to manage and monitor access to digital assets and information within financial institutions. This encompasses the protection of sensitive customer data, financial records, transaction logs, and intellectual property.

In healthcare, DRM is employed to safeguard confidential patient information, medical records, research data, and proprietary healthcare content.

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Competitive Landscape

Market players are enhancing the global digital rights management (DRM) market with offerings customised to cater to the distinct needs of individual customers.

Microsoft Corporation, established in 1975 and based in the USA, focuses on developing, licensing, and providing support for a wide array of enterprise and consumer software products and services. Their portfolio includes operating systems designed for personal computers, servers, and mobile devices, along with server applications, management tools, and productivity software.

Dell Inc., established in 1984 and situated in the United States, is focused on the design, development, manufacturing, marketing, sales, and maintenance of a diverse assortment of products. These products are often tailored to meet the unique requirements of individual customers. Dell's product portfolio encompasses mobile devices, desktop PCs, software, peripherals, servers, networking solutions, services, and storage solutions.

Fasoo, founded in 2000, is a provider of enterprise content platforms and solutions for securing unstructured data. Their primary objective is to empower customers to safeguard, monitor, and analyze critical business information, thereby improving productivity. Fasoo's globally recognized enterprise DRM solutions create a secure environment for sharing information and streamlining secure collaboration both internally and externally.

Seclore, established in 2009, is committed to protecting sensitive data and granting organizations full control over crucial information through innovative solutions. Their platform is centred on a data-centric security approach, enabling users to view, safeguard, and manage digital assets irrespective of their location or usage scenario.

Other key players in the global digital rights management (DRM) market are Oracle, Adobe Inc., Digify, and NextLabs, Inc. among others.

Global Digital Rights Management (DRM) Market Analysis by Region

Based on region, the global digital rights management (DRM) market share is led by North America and is propelled by the increasing embrace of digital content distribution, the growing need for intellectual property (IP) safeguarding, and the requirement for secure digital platforms to counter piracy and unauthorized access.

According to the World Bank, the engagement of 93% of internet users in Canada in 2021 has consequently propelled the growth of the global digital rights management (DRM) market.

Asia Pacific and Europe also play vital roles in market expansion, propelled by the increasing uptake of technological innovations.

Key Highlights of the Report