Digital Rights Management market for digital content security is defined as an Institute of Electrical and Electronics Engineers (IEEE) standard. DRM is basically defined as the chain of software and hardware services technologies that aim at application of digital content to authorized users. In addition, DRM, a kind of content protection technology also deals with managing consequences of that use during the entire life cycle of the content.DRM alliance in coordination with IEEE basically sets all the standards of DRM services and solutions. Digital Rights Management (DRM) was introduced with an objective to stop uncontrolled and unwanted copying of products.DRM technology helps to ensure that a particular file cannot be opened without giving correct license key.DRM solutions aims at setting specific rights wherein files can be shared and copied but it cannot be opened. Rapid development of Information and Communication Technology (ICT) based business followed by advent of internet lead to various organizational, technological, management and social issues. As a result, technological advancements have facilitated sharing of information globally by digitizing information. The global Digital Rights Management market is expected to grow at a higher rate during the forecast period from 2017 to 2025.
Global Digital Rights Management (DRM) market has been segmented on the basis of application, deployment and end user industry. By application, the market is further bifurcated into Video on Demand (VOD), ebook, mobile content, mobile gaming and others. On the basis of deployment, the market is segmented into on cloud and on premise. End user segment is further segregated into healthcare, education, music, manufacturing, defense, banking, Financial services and Insurance (BFSI) and printing and publications among others. Copyright owners mainly require DRM with an objective to ensure adequate monetization thereby preserving the ongoing value of content. This is one of the important factors driving the growth of global Digital Rights Management (DRM) market. The impact of this driver is expected to remain high during the forecast period. Moreover, increasing demand of wireless devices followed by growth in internet usage are others factors expected to boost the demand of global Digital Rights Management (DRM) market. Furthermore, increase in non linear consumption of premium content is also expected to drive up the volume of DRM transactions. However, lack of awareness regarding distinction between DRM and encryption followed by lack of common standard are one of the primary restraining factors in the growth of global Digital Rights Management market. Popularity of Over-The-Top Content and requirement for SaaS based solutions serves followed by rise in cloud computing serves as opportunities for the global Digital Rights Management (DRM) market.
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Geographically, global Digital Rights Management market has been segmented into North America, Europe, Asia Pacific, Middle- East and Africa (MEA) and Latin America. In 2016, North America held the largest share of the Digital Rights Management market owing to increasing adoption of DRM in music and education industry. The U.S is the largest contributor in this regional market. Asia Pacific is expected to be the fastest growing market for global Digital Rights Management market owing to the rapid adoption of DRM in the healthcare industry in this region. In addition, the Asia Pacific is an attractive region for all deployment types. All these factors are expected to increase the demand of Digital Rights Management market during the forecast period from 2017- 2025.
The major players operating in the global Intermodal Freight Transportation market includes Apple Inc. (The U.S) , Oracle Corporation (The U.S) , Sony Corporation (Japan) , Adobe Systems (The U.S) , Hewlett-Packard . (The U.S),Microsoft Corporation (The U.S) and IBM (The U.S) among others.
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