The report highlights the current impact of COVID-19 on the Digital Rights Management Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Digital Rights Management Market according to the impact of COVID-19.
The global digital rights management market size reached USD 3.82 Billion in 2021 and is expected to register a revenue CAGR of 12.8 % during the forecast period, according to latest analysis by Emergen Research. Technological advancements in Machine Learning (ML) and Artificial Intelligence (AI) in digital rights protection are accelerating revenue growth of the market. Digital rights management software and solution use Artificial Intelligence (AI) and Machine Learning (ML) algorithms to streamline the tuning, tagging, cropping, and distribution of digital assets.
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Key participants include Microsoft Corporation, Adobe Inc., Fortinet, Inc., Vitrium Systems Inc., Digify, Inc., Widen Inc., CapLinked, Inc., EZDRM, Inc., Seclore Inc., DivX, LLC., Fasoo Co., Ltd., Nextlabs Inc, and among others.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Covid 19 impact analysis:
The current COVID-19 pandemic is expected to have an effect on the growth of the Digital Rights Management Market majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry.
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Emergen Research has segmented the global digital rights management market on the basis of component, deployment model, organization size, industry vertical, and region:
· Component Outlook (Revenue, USD Billion; 2019-2030)
· Deployment Model Outlook (Revenue, USD Billion; 2019-2030)
· Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large enterprises
- Small and medium enterprises
· Industry Vertical Outlook (Revenue, USD Billion; 2019-2030)
- Media and entertainment
- Education and training
- Digital Publishing
- IT and Telecommunication
- Banking and financial services
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Benefits of the Report:
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Extensive assessment of current and emerging trends of the market
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Digital Rights Management Market
Detailed regional analysis and extensive company profiling
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.