Technology
April 1, 2021

DUBLIN–(BUSINESS WIRE)–The “Information Rights Management Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Information Rights Management Market is expected to register a CAGR of approximately 15.5% during the forecast period (2021 – 2026).

Companies Mentioned

  • Adobe Systems Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • Vitrium Systems Inc.
  • OpenText Corporation
  • Fasoo Inc.
  • Bitscape Infotech Pvt. Ltd
  • Tricostar Software Ltd
  • Vaultize Technologies

Key Market Trends

BFSI Industry Expected to Hold Significant Share

  • The BFSI industry is most vulnerable to data loss, and due to the sensitive nature of the information, BFSI firms must be protected. According to Gizmodo, in 2019, First American Financial Corp. had 885 million records exposed online, including bank transactions, social security numbers, and more. To cater to such issues, BFSI firms can keep their most sensitive data under their control with enterprise information rights management solutions.
  • A typical large bank or credit card company collaborates with more than 20,000 third parties and partners. The challenge with outsourcing and external collaboration is still there, as once these third parties receive sensitive information, the bank loses all control over it. In some cases, the third-party partners and outsource organizations may not possess sufficient security apparatus and infrastructure.
  • Hence, the demand for IRM is expected to increase as it will enable the banking and financial institutions to mitigate security risks and collaborate with external parties. Players such as Seclore’s Enterprise Digital Rights Management (EDRM) ensures end-to-end protection of information shared within and outside the enterprise.
  • Due to digital transformation, several BFSI industry market players are also innovating new technology to provide a high-security platform. For instance, a South Korean bank, the Nonghyup Bank, recently rolled out a new mobile employee ID service using blockchain-based identification technology. This will tighten the security around the personal data. Hence, similar initiatives, coupled with the trends, are expected to boost the IRM market’s adoption over the forecast period.

North America Expected to Dominate

  • The consumption of digital media content and the practice of digitization of enterprises in North America, especially in the United States, is increasing tremendously, owing to the rapid adoption of technological advancements in the region.
  • The increasing speed of internet speeds, coupled with the increase in the number of devices supporting the access of digital media, has increased the freedom of consumers to access media content anywhere and anytime. Such trends are expected to boost the dominance of the region in the adoption of IRM solutions.
  • Mobile internet usage in the country has also seen tremendous growth with the greatest number of mobile wireless connections. According to a survey of Facebook users in the United States, by Audience Project, 76% of the respondents claimed that they accessed the social media platform via mobile.
  • Also, 41% of the respondents who were U.S. YouTube users claimed that they accessed the video platform through a tablet device. Hence, the growth of the use of mobile devices has grown significantly, which will further necessitate the deployment of enhanced IRM solutions across various consumers.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions & Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Adoption of BYOD Trends and Enterprise Mobility, and Stringent Regulations and Compliance

4.2.2 Adoption of Digital Rights Management Solutions Across Various End-user Verticals

4.2.3 Rapid Digitization of Business Process Coupled With Increase in Internet Usage

4.3 Market Restraints

4.3.1 Lack of Standardization for Security of Digital Content

4.4 Industry Attractiveness – Porter’s Five Forces Analysis

4.5 Assessment of Impact of Covid-19 on the Market

5 MARKET SEGMENTATION

5.1 By Size of the Organization

5.1.1 Small and Medium Enterprises

5.1.2 Large Enterprises

5.2 By Deployment Mode

5.2.1 On-Cloud

5.2.2 On-Premise

5.3 By End-user Industry

5.3.1 BFSI

5.3.2 Healthcare

5.3.3 Media and Entertainment

5.3.4 Education and Research

5.3.5 Government and Public Institutions

5.3.6 IT & Telecom

5.3.7 Other End-user Industries (Law and Order Agencies, Manufacturing)

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia Pacific

5.4.4 Latin America

5.4.5 Middle East and Africa

6 COMPETITIVE INTELLIGENCE

6.1 Company Profiles*

6.1.1 Microsoft Corporation

6.1.2 McAfee, LLC

6.1.3 Cognizant Technology Solutions Corporation (assetServ)

6.1.4 Adobe Inc.

6.1.5 Oracle Corporation

6.1.6 Bynder B.V.

6.1.7 Nextlabs, Inc.

6.1.8 Intralinks, Inc.

6.1.9 Citrix Systems, Inc.

6.1.10 Seclore Technology Private Limited

6.1.11 Locklizard Limited

6.1.12 Vaultize Technologies

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/p90eh3.