The global enterprise rights management solutions market is estimated to expand to USD 5,033.8 million in 2023. The uptick in the market's growth trend is mostly due to enterprises supporting their production after providing for the rapidly growing demand during the work-from-home scenario in 2020.
The global enterprise rights management market is set to reach USD 30,995.2 million by 2033, with a CAGR of 19.9% from 2023 to 2033.
Major companies' rising use of enterprise rights management solutions to protect private and confidential information and increased demand for more safe ERM systems during data theft to safeguard and recover data are important drivers fueling market profit growth.
| Attribute | Details |
|---|---|
| Enterprise Rights Management Solution Market Value (2023) | USD 5,033.8 million |
| Enterprise Rights Management Solution Market Anticipated Forecast Value (2033) | USD 30,995.2 million |
| Enterprise Rights Management Solution Projected Growth Rate (2023 to 2033) | 19.9% |
The key elements propelling the expansion of enterprise rights management solutions are the growing requirement for copyright regulatory standards for new digital properties, and the growing corporate need to secure their information. Record security is critical for both businesses and employees.
According to the research, the enterprise rights management solutions market value increased at a CAGR of 17.2% between 2018 and 2022. This figure is expected to climb further as malicious hackers become more complicated and difficult to trace.
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Various businesses throughout the world are focused on quickly establishing their position on multiple social media platforms and other online marketing channels. Companies may employ a content marketing plan to promote their ability, earn cash digitally and enhance revenue. This resulted in the establishment of intellectual property rights, as well as a surge in demand for enterprise rights management solutions and licensing.
Furthermore, increased use of enterprise rights management solution technologies by organizations that employ electronic files such as PDFs, Word documents, and emails is driving the global market growth. Content owners are obligated to restrict data from being transmitted from one platform to the next without authorization, which, in turn, acts as a driving factor for the enterprise rights management business.
Pharmaceutical companies and banking and finance corporations utilize enterprise rights management solutions to guarantee adherence to data security and confidentiality regulations. As a result, the surge in safety concerns is projected to create opportunities for the enterprise rights management solution industry to flourish.
The entry of enterprises into digital channels in order to increase their presence is increasing cases of web-based data fraud. While developing information on the web, consumers and buyers are particularly vulnerable to hacks.
This increases the demand for efficient enterprise rights management systems. Bringing your own device (BYOD) is becoming more popular in many organizations, creating a new avenue for service suppliers. Approximately 59% of enterprises have used BYOD in their workplaces.
According to the survey, IT businesses account for 36% of the turnover in the enterprise rights management solution market. Moving forward, increased occurrences of cybercrime are driving businesses to use enterprise rights management systems.
According to Infosecurity, worldwide computer crime has increased by 56%. Increasing workplace mobility raises serious concerns regarding security protocols. As a result, ERMSs are now a must for corporations. According to the report, around 43% of firms have chosen enterprise mobility.
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Expensive enterprise rights management technologies and administrative expenses are major constraints. Low-cost ERM solutions may not be successful in offering robust content protection against inappropriate access.
Moreover, the high price of enterprise rights management solutions is expected to hamper industry growth. Most items in the industry have a monthly price scheme. Other low-cost market solutions, like watermarking and password protection, can serve as a replacement for enterprise rights management systems.
As a result, the high price of ERM technologies may limit the enterprise rights management solution industry.
Progress in Over-The-Top (OTT) demand and consumption is expected to provide the industry with remunerative opportunities in the coming years. The concept of OTT media distribution has emerged as the most widespread in the current entertainment business.
With over 500 hours of content posted per minute and more than 250 million monthly visits, YouTube has become a vital avenue for the creative industry to engage and maintain productivity. In addition, premium OTT media providers enable their users to see big-budget, ERM-protected material from the convenience of their own residences.
This promotes the growth of online streaming, allowing different enterprise rights management strategies to safeguard and commercialize their content, contributing to the creation and growth of the enterprise rights management solution business.
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Asia Pacific (APAC) is expected to be the most profitable area in the enterprise rights management solution market. In India, the government's attempts, like currency devaluation and advancements, are driving businesses to place a greater emphasis on online data security. The financial industries are driving the APAC enterprise rights management solution market.
The North American market accounted for the largest adoption rates in the worldwide enterprise rights management solution industry. North America presently dominates the market, accounting for 38.4% of the total throughout the projected period, due to the existence of prominent service suppliers, such as Microsoft, Oracle, and Seclore. A plethora of technological breakthroughs has been tested in the United States. Moreover, governments in North America are enforcing severe data security protocols on businesses of all sizes.
The European market is predicted to increase at a constant level of 25.6% over the projected period. European countries are more industrialized in terms of technology and equipment, which provides significant income prospects for companies delivering cutting-edge enterprise rights management solutions.
Additionally, the growing need for information security controls in the IT and telecommunications industries, as well as major companies, is likely to fuel enterprise rights management solution market revenue growth in this area.
How is the Start-up Ecosystem in the Enterprise Rights Management Solution Market?
Pickrr was co-founded in August 2015 by Rhitiman Majumder, Gaurav Mangla, Ankit Kaushik, and Ronak Agrawal. Pickrr is a global logistics company with operations throughout India. In addition to Marquee Angels, Global Business Veterans, Omidyar Networks, Ananta Capital, Guild Capital, and IIFL (India Infoline Group), the company has received funding from global investors.
Zama Organics was founded in 2016 by Shriya Naheta Wadhwa, Founder. Zama Organics is a direct-to-consumer (D2C) organic food company that works directly with farmers and artisans in India to supply organically and sustainably grown groceries, fresh fruits, and vegetables.
WeTransfer, a global network for exchanging digital files, and the blockchain platform Minima announced a groundbreaking agreement to provide information rights management solutions in February 2023. The two organisations collaborated to launch non-fungible tokens (NFTs) on the Minima network, allowing businesses throughout the world to manage their intellectual property digitally.
Fujitsu launched a new platform, Fujitsu Web3 Acceleration Platform, in February 2023 to support Web3 developers in the IT sector globally, enabling new ways to interact, create, and share data freely and securely, including digital content rights management, contracts, business transactions, and processes.
To stay ahead of their competitors, enterprise rights management system suppliers are concentrating heavily on forming alliances and releasing innovative solutions.
On 28 January 2021, Milpitas, California Seclore, a supplier of the first open, data-centric security platform in the market, announced that it is fully compatible with Microsoft Teams. Best-in-class Encryption and Rights Management can be added by organizations with a remote workforce that use Microsoft Teams as a centralized workspace for collaboration in order to automatically protect sensitive data shared and accessed from Microsoft Teams.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 19.9% from 2023 to 2033 |
| Market Value in 2023 | USD 5033.8 million |
| Market Value in 2033 | USD 30995.2 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Component, Deployment, Organization size, Verticals, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled |
Pickrr; Zama Organics |
The United States is set to register exponential growth in the Enterprise Rights Management Solution Market.
The increasing demand for data security and compliance is expected to drive sales of EDRM Solutions.
The growing adoption of cloud computing and the increasing need for mobile data security are key trends driving the Enterprise Rights Management Solution Market.
The market recorded a CAGR of 17.2% in 2022.
Investment in cloud computing and mobile data security may provide growth prospects for the market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Integrated with Data Loss Prevention (DLP) 5.2. Integrated with Enterprise File Sharing and Synchronization (EFSS) 5.3. Integrated with other systems 5.4. Consulting services 5.5. Implementation and integration services 5.6. Training and support services 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size 6.1. Large enterprises 6.2. Small and Medium-sized Enterprises (SMEs) 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type 7.1. On-premises 7.2. Cloud 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical 8.1. Banking, Financial Services, and Insurance (BFSI) 8.2. Research and publications 8.3. Education 8.4. Law 8.5. Healthcare and pharmaceuticals 8.6. Government 8.7. Software and technology 8.8. Manufacturing 8.9. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Adobe (US) 19.2. Microsoft (US) 19.3. Oracle (US) 19.4. Seclore (US) 19.5. Vaultize (US) 19.6. NextLabs (US) 19.7. OpenText (Canada) 19.8. Vitrium (Canada) 19.9. Citrix (US) 19.10. Copyright Clearance Center (US) 19.11. Intralinks (US) 19.12. Locklizard (UK) 19.13. Sealpath (Spain) 19.14. TransPerfect (US) 19.15. Vera Security (US) 19.16. Covertix (Israel) 19.17. FinalCode (US) 19.18. Fasoo (US) 19.19. FileOpen (US) 19.20. GigaTrust (US) 20. Assumptions & Acronyms Used 21. Research Methodology
Technology
July 2023
REP-GB-1573
342 pages
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Enterprise Rights Management Solution Market
