The Digital Rights Management In Media And Entertainment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Rights Management In Media And Entertainment , The digital rights management in media and entertainment market size has grown rapidly in recent years. It will grow from $2.95 billion in 2023 to $3.49 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to shift to digital distribution, globalization of content, diverse content formats, increase in online streaming, protecting intellectual property, consumer demand for accessibility..
The digital rights management in media and entertainment market size is expected to see rapid growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to emergence of new content platforms, rise of user-generated content, cross-platform content consumption, increased content investment, focus on data privacy, dynamic content delivery models.. Major trends in the forecast period include cloud-based drm solutions, blockchain for enhanced security, cross-platform compatibility, ai and machine learning for content monitoring, standardized drm solutions, multi-channel distribution strategies..
The rising demand for OTT content is expected to propel the growth of digital rights management in the media and entertainment market going forward. Over-the-top (OTT) refers to the method of delivering digital entertainment content such as movie material via the internet as per the need and demands of specific customers. Digital rights management in the media and entertainment in over-the-top (OTT) aids content owners in enforcing content access regulations by preventing customers from duplicating and converting content to other media formats. The content owner establishes these access policies, which specify how the content may be accessed and used. For instance, in August 2022, according to Finder.com Comparison UK Limited, a UK-based independent comparison platform, and information service provider, in the last 12 months, 9 out of 10 Britons have utilized a streaming service. In the UK, 58% of all households have at least one streaming service subscription. This is 5% more than in 2020. Therefore, the rising demand for OTT content is driving the growth of digital rights management in the media and entertainment market.
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The digital rights management in media and entertainment market covered in this report is segmented –
1) By Enterprise Size: Small And Medium Entreprises, Large Enterprises
2) By Application: Mobile Content, Video On Demand (VoD), Mobile Gaming And Apps, Ebook
3) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Printing And Publication Educational, Television And Film
Technological advancement is a key trend gaining popularity in digital rights management in the media and entertainment market. Major companies operating in the market are developing advanced technologies and software to sustain their position in the market. For instance, in April 2023, Amazon Web Services (AWS), a US-based company that provides on-demand cloud computing platforms, launched a free AWS Learning Plan and Digital Badge for Media and Entertainment (M&E) for Direct-to-Consumer (D2C) and Broadcast Foundations. The learning plan, created by AWS for M&E solution experts, educates executives, industry professionals, and technologists about the AWS services and best practices to apply to Broadcast and Direct-to-Consumer (D2C) workflows in the cloud .
The digital rights management in media and entertainment market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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