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Enterprise Digital Rights Management (EDRM) Market

Global Market Study on Enterprise Digital Rights Management (EDRM): Growth 2.0 Led by IT Decentralization Among SMEs

Enterprise Digital Rights Management (EDRM) Market by Enterprise Size (SMEs and Large Enterprises), Market share of SME segment in the EDRM is analysed to be 59.7% in 2022.

Enterprise Digital Rights Management (EDRM) Market Outlook

The value of the Enterprise Digital Rights Management (EDRM) Market is expected to be around US$ 3,544.5 Million in 2022, and the market is expected to reach around US$ 13,055.3 Mn in 2033. It is also expected to be worth US$ 3,937.9 Million in 2023 and will grow at a CAGR of 12.7% between 2023 and 2033.

Enterprise digital rights management (EDRM) refers to the security technologies and processes that organizations use to control access to and usage of their digital assets, such as documents, images, videos, and software. The primary goal of EDRM is to protect sensitive information from unauthorized access, use, or distribution, while allowing authorized users to access & use the information as needed.

EDRM typically involves the use of encryption, access controls, digital certificates, and other security technologies to ensure that only authorized users have access to protected information. In addition, EDRM often includes features for tracking and auditing the use of digital assets, and for revoking access when necessary. This helps organizations ensure that their information is used appropriately and that they remain in compliance with relevant regulations and laws.

Increased cyber threats along with the growing regulation & compliance requirements are majorly influencing the growth of the enterprise digital rights management (EDRM) market. As organizations move more of their operations to the cloud, they are looking for ways to secure their digital assets in the cloud and ensure that they remain protected as they move between different cloud providers. This has led to increased demand for EDRM solutions that are designed for use in the cloud.

Enterprise digital rights management (EDRM) market accounts for the 20% of the information rights management market.

According to the regional market outlook, the North American region will hold a 29.4% market share in the global market in 2022. Whereas the demand for these solutions in Europe is expected to hold a market share of around 26.2% in 2023.

Enterprise digital rights management (EDRM) Market Size (2023)

US$ 3,937.9 Million

Projected Market Value (2033)

US$ 13,055.3 Million

Global Market Growth Rate (2023 to 2033)

12.7%

SME segment Market Share (2022)

59.7%

India Market Growth Rate (2023 to 2033)

14.2%

Media & Entertainment Segment Market Share (2022)

19.2%

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What are the Major Impediments to the Growth for Enterprise Digital Rights Management (EDRM)’s?

“Complex implementation process Coupled with the Integration Issues”

EDRM systems can be complex and difficult to implement, which can lead to delays & increased costs along with that integrating EDRM systems with existing enterprise systems can also be a challenge, which can lead to compatibility issues and difficulties in seamless operation.

Furthermore, EDRM solutions can be expensive, which can be a barrier for small and medium-sized enterprises (SMEs) such factors are impending the market growth.

  • In November 2022, Fasoo Inc. had launched Wrapsody eCo, a cloud edition of the rejuvenated secure collaboration solution. The solution was designed to safeguard their intellectual rights or private information, as well as to comply with laws such as the CCPA & GDPR.
  • In July 2022, Seclore had collaborated with TD SYNNEX with the goal of providing real-time tracking & visibility of both authorized and unauthorized data activities so that the organisation can recognise suspicious behaviour.
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What factors in U.S are Behind their Accelerated Adoption Enterprise Digital Rights Management (EDRM)?

“Increasing Cyber Security Threats are boosting the Growth of Enterprise Digital Rights Management (EDRM) Market”

With the rise of cyber threats such as hacking, phishing, and malware attacks, organizations are becoming more concerned about protecting their digital assets from unauthorized access and theft. This has led to increased demand for EDRM solutions that can help organizations secure their sensitive information.

Such factors are facilitating the acceptance of these solutions in the US region, contributing to its significant market share of 26.1% in 2022.

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What are the Prospects for Enterprise Digital Rights Management (EDRM) Growth in India?

“Rising Concerns regarding Digital Assets of Enterprises Are Accelerating the Adoption of Enterprise Digital Rights Management (EDRM) Services”

Growing utilization of mobile devices for work, organizations need to ensure that their digital assets are protected even when they are being accessed from mobile devices. This has led to increased demand for EDRM solutions that are designed to secure information on mobile devices.

Additionally, organizations are looking for ways to collaborate and share information more effectively, they are looking for EDRM solutions that can help them manage and control access to their digital assets, while still allowing for collaboration and sharing.

These factors allow the market growth at a CAGR of 14.2% during the forecast period in India.

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What Components are influencing the Market Share of Germany in the Global Enterprise Digital Rights Management (EDRM) Market?

Governmental Compliances regarding Data Safety are facilitating the Adoption of Enterprise Digital Rights Management (EDRM) Services

As organizations face increasing regulation and compliance requirements, such as the EU's General Data Protection Regulation (GDPR) which needs to ensure that their digital assets are being managed in a secure & compliant manner.

Such factors are expected to accelerate the adoption of enterprise digital rights management (EDRM) systems in the Germany.

Category-wise Insights

Why Media & Entertainment segment Hold the Major Market Share for Enterprise Digital Rights Management (EDRM) Market?

The media and entertainment segment holds a major share of the Enterprise Digital Rights Management (EDRM) market because of the growing need for content protection and distribution management in this industry. With the widespread use of digital platforms and the increasing distribution of content through these channels, the media and entertainment sector is facing increasing challenges in protecting their digital assets from piracy and unauthorized use.

EDRM solutions provide a secure way for media and entertainment companies to manage the distribution and licensing of their digital content, ensuring that their rights are protected and that they receive proper compensation for the use of their content. These solutions allow media and entertainment companies to enforce their copyright, manage access control, track usage and distribution, and monitor their digital assets for potential breaches.

These factors are influencing the major share of 19.2% of media & entertainment segment in the market.

Why the Adoption of Enterprise Digital Rights Management (EDRM) Solution is more in Small & Medium Enterprises?

The adoption of enterprise digital rights management (EDRM) solutions is more prevalent in small and medium enterprises (SMEs) for several factors like cost-effectiveness, ease of use, growing need for protection and so on.

EDRM solutions are often more affordable for SMEs compared to larger enterprises, making it easier for them to adopt these solutions and benefit from their features.

Additionally, many EDRM solutions are designed to be user-friendly and easy to implement, making it easier for SMEs to adopt these solutions and manage their digital rights effectively.

Thus, market share of SME segment in the enterprise digital rights management (EDRM) is analysed to be 59.7% in 2022.

Competitive Landscape

The competitive landscape for the EDRM market is characterized by a high degree of competition, with a range of established players and new entrants vying for market share. Companies will need to continuously innovate and differentiate their offerings in order to remain competitive in this rapidly evolving market.

  • In February 2022, NextLabs had launched SkyDRM 2021, an updated version of the enterprise digital rights management software, which uses dynamic authorization & centralized policy administration to safeguard files and data.
  • In February 2021, RAIR had launched a decentralized digital rights management platform, that is excellent for video, audio, digital collectibles & more and it assists creators in directly connecting with their fans in a secure, trackable & profitable manner.

Recent developments related to key players providing enterprise digital rights management (EDRM) market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Enterprise Digital Rights Management (EDRM) Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • Gulf Cooperation Council Countries (GCC)

Key Market Segments Covered

  • Application
  • Enterprise Size
  • Vertical
  • Region

Key Companies Profiled

  • Adobe
  • Apple Inc.
  • Dell EMC
  • Hewlett Packard Enterprise
  • Microsoft Corporation
  • Oracle
  • Realnetworks, Inc.
  • Sony Corporation
  • Verisign Inc.
  • File Open Systems
  • Bynder
  • Vitrium Security

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Key Segments of enterprise digital rights management (EDRM) Market Industry Research

By Application:

  • Mobile Content
  • Video on Demand
  • Mobile Gaming
  • eBooks
  • Others

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Vertical:

  • Banking
  • Insurance
  • Discrete Manufacturing
  • Process Manufacturing
  • Retail
  • Media & Entertainment
  • Healthcare
  • Professional Services
  • Telecommunication
  • Government
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Adobe
  • Apple Inc.
  • Dell EMC
  • Hewlett Packard Enterprise
  • Microsoft Corporation
  • Oracle
  • Realnetworks, Inc.
  • Sony Corporation
  • Verisign Inc.
  • File Open Systems
  • Bynder
  • Vitrium Security

- Frequently Asked Questions -

In 2023, the market value of enterprise digital rights management (EDRM) was US$ 3,937.9 Mn.

The global enterprise digital rights management (EDRM) market is estimated to advance at a 12.7% CAGR through 2033.

The market for enterprise digital rights management (EDRM) is forecasted to climb to US$ 13,055.3 Mn by 2033 end.

Demand for enterprise digital rights management (EDRM) market in India is projected to rise at a CAGR of 14.2% for 2023-2033.

In 2022, the North America enterprise digital rights management (EDRM) market held a dominant market share of 29.4%.

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