DUBLIN, January 05, 2022– (COMMERCIAL THREAD)–The “Digital Rights Management In Media And Entertainment Market Size Share And Trend Analysis Report By Application (Mobile Content, Video On Demand, Games And Mobile Apps), By Company Size, By region and segment forecast, 2021-2028 “ the report was added to ResearchAndMarkets.com offer.
Global digital rights management in the media and entertainment market is expected to reach $ 6.12 billion by 2028, with a CAGR of 16.5% from 2021 to 2028.
The rapid growth of digital media and internet connectivity on a global scale has created immense opportunities for content publishers and content distribution partners to develop their creative media content.
However, with the rise of digital technologies, digital piracy and illegal content distribution have increased dramatically, negatively affecting monetization opportunities for content distributors and content owners. These challenges force content owners to research and exercise control over unauthorized access and distribution of content.
Over the past few years, the demand for digital rights management (DRM) solutions has grown in importance among content owners and content distribution service providers as DRM secures real-time streaming services over the past few years. unsecured networks. DRM solutions also provide secure distribution of multimedia content while maintaining the authentication and confidentiality rights of content owners. The persistent protection offered is also influencing many streaming service providers to adopt DRM solutions.
In addition, the growing awareness of digital piracy among users is driving the adoption of DRM solutions globally. Several governments around the world are looking for ways to establish strict standards and policies to prevent digital piracy.
For example, the Digital Millennium Copyright Act, passed in 1998, still helps content developers, content acquirers, and content distributors secure their content and criminalize the distribution of content intended to bypass content access control. protected by copyright.
The growing number of such standards and the growing awareness of content privacy and digital piracy are expected to drive the market growth during the forecast period.
Highlights of Digital Rights Management In Media and Entertainment Market Report
Video on demand applications segment is expected to grow at the highest CAGR during the forecast period. The growing demand for high definition and ultra-high definition video content among users as well as increasing distribution of OTT and streaming services are contributing to the growth of the segment.
The demand for DRM solutions among SMBs is expected to increase at a higher CAGR than large enterprises during the forecast period. The increase in the number of independent content providers and small-scale content developers requiring industry-standard DRM solutions to secure their innovative and copyrighted content can be attributed to the growth of the segment.
The increase in digital infrastructure in the countries of the Asia-Pacific region and the presence of several communication service providers offering low-cost digital mobile services have led to an increase in the consumption of digital media among consumers. The Asia-Pacific regional market is expected to grow at a promising CAGR during the forecast period
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Variables, Trends and Scope
Chapter 4. Application Estimates and Trend Analysis
Chapter 5. Company Size Estimates and Trend Analysis
Chapter 6. Regional estimates and trend analysis
Chapter 7. Competitive landscape
For more information on this report, visit https://www.researchandmarkets.com/r/ukvgr4
View the source version on businesswire.com: https://www.businesswire.com/news/home/20220105005820/en/
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