The Asia Pacific Digital Rights Management Market would witness market growth of 24.5% CAGR during the forecast period (2021-2027).
One of the primary factors fuelling the digital rights management market growth is the growing need for copyright protection rules for digital intellectual properties, as well as the expanding corporate necessity to protect their data. Furthermore, the market is expected to benefit from expanding digital device proliferation, which has resulted in increased data volume & demand for OTT content delivery.
The surge in high-value broadband paid content is likely to aid in content replication prevention. The shift in the internet's business model from a free, advertising-based approach to a pay-per-use model has benefited the digital rights management market. Over the projection period, factors such as an increase in the number of organizations monetizing content, piracy, and unauthorized use of digital information, as well as fears of theft, are projected to drive DRM market expansion. The acceptance of digital rights management protection techniques is expected to be fueled by the emerging need for content consumption clarity as a need for securing income streams.
Due to the growing number of people accessing web content from tablet phones, smartphones, and internet live video streaming, mobile phones, mobile TV, the rising popularity of video on demand (VoD), growing sales of the e-book, and large bandwidth capacity, Asia Pacific is anticipated to witness a surge in demand for digital rights management. Over the forecast period, video cloud digital rights management is predicted to grow in popularity. The expansion of the digital rights management market is likely to be aided by the rise of cloud computing.
This region's rapid adoption of smartphones and other mobile devices has spurred the demand for digital media accessible on mobile devices. Consumer use of IPTV, OTT, and IoT technologies is increasing dramatically across various nations of the region. In addition, compared to other regions, Asia-Pacific has a large customer and audience base, which is contributing to fuel demand for DRM applications over the projected period.
The China market dominated the Asia Pacific Digital Rights Management Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,229.7 million by 2027. The Japan market is anticipated to grow at a CAGR of 23.7% during (2021 - 2027). Additionally, The India market would experience a CAGR of 25.2% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprise, and Small & Medium Enterprise (SME's). Based on Application, the market is segmented into Video-on-demand, Mobile Gaming, Mobile Content, and Others. Based on Vertical, the market is segmented into Television & Film, Printing & Publication Educational, BFSI, Healthcare, Software, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digital Rights Management Market is Projected to reach USD 15.2 Billion by 2027, at a CAGR of 22.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DivX, LLC, Fasoo, NextLabs, Inc., Adobe, Inc., Apple, Inc., Sony Corporation, IBM Corporation, Oracle Corporation, Microsoft Corporation, and Dell Technologies, Inc.
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