MUMBAI: Global Digital Rights Management (DRM) market is projected to witness significant growth in near future due to the continuously growing media and entertainment sector, according to the report 'Global DRM Market Analysis' by RNCOS.
'Global DRM Market Analysis' reports that the mobile content market is projected to be one of the key driving forces for the growth in the DRM industry. Telecom operators are offering premium multimedia content to compensate for their declining voice revenue per user. Besides, enterprise sector will witness significant growth and is projected to offer immense opportunities for implementing DRM. The industry has been experiencing losses worth billions of dollars due to the lack of DRM implementation in corporate.
The global market for DRM is projected to grow three fold till 2014 with rising spending on DRM software and hardware to protect entertainment, commercial software, and other information. DRM applications have huge opportunities across different verticals including healthcare, educational services, software industry, and financial sector. Electronic Medical Record, particularly, is the major segment, which has huge future growth potential in healthcare. E-books also have vast future potential, where DRM can capture significant market share.
More importantly, at the software front, piracy exists on a vast scale and is growing globally. Illegal downloads remains rife, and alternative forms of illegal distribution remains a big issue. Additionally, DRM has a huge application market as it applies to any business with sensitive or confidential information. It also protects high-value digital assets and controls the distribution and usage of those assets, or automates important processes operating on the computing resources of multiple parties.
Global DRM Market Analysis studies the growth drivers and current trends in the DRM industry by analyzing different verticals. The research also involves the study of industry restraints and future growth of DRM market.