Digital Rights Management Market Highly Expected to Reach Revenue up to US$ 9,033.7 Mn By 2027

Digital Rights Management Market


DRM (digital rights management) is a technology used to protect data and limit the use of copyrighted content. DRM has evolved into a critical tool for securing large amounts of digital content. Because of rising cyber threats and security concerns, the use of access control technologies and technological control measures (TCM) has become almost unavoidable. Furthermore, governments in many countries are requiring increased security for digital data. Most organisations are implementing an effective DRM solution to manage and control the spread of digital files over the internet, so that only certified licensees can access the data. During the forecast period, these factors are expected to drive market growth.

The global Digital Rights Management Market is expected to grow significantly during the forecast period (2020-2027), owing to increased adoption of digital rights management solutions in organisations due to growing security concerns. The widespread use of computers and laptops has increased the number of hackers who infiltrate government and corporate networks in order to gain access to critical information for monetary and business gain. Organizational databases are the primary targets of cybercriminals, increasing the risk of personal and business data loss. Organizations are deploying digital risk management (DRM) solutions in response to the increasing frequency of data breaches and high-profile data theft.

The Global Digital Rights Management Market Was Valued At US$ 2,940.7 Mn In 2019 And Is Expected To Reach US$ 9,033.7 Mn By 2027.

The global digital rights management market is expected to grow significantly during the forecast period (2020-2027), owing to increased adoption of digital rights management solutions in organisations as security concerns rise. The widespread use of computers and laptops has increased the number of hackers who infiltrate government and corporate networks in order to gain access to critical information for monetary and commercial gain. Organizational databases are the primary targets of cybercriminals, increasing the loss of personal and business information. Organizations are deploying digital risk management (DRM) solutions in response to the increasing incidence of data breaches and high-profile data theft.

Major players operating in the global digital rights management market include Microsoft, Facebook, Inc., Apple, Inc., Oracle, Seclore, Fasoo, VERA, Adobe Inc., Open Text Corporation, DivX, LLC, HP Labs, Dell Inc., VOBILE INC., RealNetworks, Inc., IBM Corporation, General Electric, Axtia Technologies, Union FinTech, and Conax Technologies.

Get the Press Release of Digital Rights Management Market- https://www.coherentmarketinsights.com/press-release/digital-rights-management-market-3557


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