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Information Rights Management Market to Grow at 15.5% CAGR: Technology Industry Driving Growth by 2030

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Information Rights Management Market to Grow at 15.5% CAGR: Technology Industry Driving Growth by 2030

July 26
12:40 2022
Information Rights Management Market to Grow at 15.5% CAGR: Technology Industry Driving Growth by 2030
Information Rights Management Market | Emergen Research
Rapid advancements and innovation in Information Rights Management (IRM) technologies and growing concerns over information loss and theft are key factors driving market revenue growth

The global Information Rights Management (IRM) market size was USD 1.43 Billion in 2021 and is expected to register a revenue CAGR of 15.5% during the forecast period, according to the latest analysis by Emergen Research. Rising adoption of IRM systems for omnichannel marketing and increasing demand from organizations to save and restore confidential data at the time of data breaching are key factors driving revenue growth of the market. IRM software is a collection of technologies that enable businesses and content owners to monitor, regulate, and defend rights of people and organizations against outsiders to ensure that people’s personal information and surfing history are used legally throughout entire organization.

Information leakage occurs when an unauthorized user or third party gains access to data, which ultimately results in leaking of sensitive information. This has a significant effect on businesses and organizations could lose their clients, personnel, partners, market standing, and credibility as a result of this “information leakage”. IRM supports protection of documents, emails, photos, audio-video, and scanned copies within the company. It protects files from being viewed, copied, edited, deleted, forwarded, printed, and screenshotted by any unauthorized users.

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The major companies studied in the report include:

International Business Machines (IBM) Corporation, Oracle, Adobe, Seclore, Microsoft, Nextlabs Inc., Open Text Corporation, Deltek, Inc., Vitrium Systems Inc., Citrix Systems, Inc., and AMTIVO Group Ltd.

 

 

Market revenue growth is also driven by increased demand for digital documents in companies for carrying out mission-critical activities. Users of all companies have access to files and documents both online and offline. PCs, and mobile devices, which results in significant security concerns and threats. IRM offers organizations an improved way to monitor transactions and govern content from a distance.

However, lack of proper authentication, high cost of IRM software, and lack of responsiveness from small enterprises are factors expected to hamper market revenue growth.

Table of Contents:

Chapter 1 includes an introduction of the global Information Rights Management market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.

Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.

Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.

In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.

Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

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Some Key Highlights From the Report

The solutions segment accounted for largest revenue share in 2021. IRM is a technology that regulates access and use of structured and unstructured data. Rapid digitalization with cloud computing, increasing usage of mobile devices coupled with growing internet penetration are giving rise to online theft and has increased demand for advanced IRM solutions, which are driving revenue growth of this segment.

The BFSI segment accounted for largest revenue share in 2021. The BFSI sector holds sensitive information and is most susceptible to data loss. In 2019, First American Financial Corp. had 885 million internet data exposed due to a cyberattack including social security numbers, bank transactions, and other personal information. This has increased importance of IRM solutions in the banking and insurance sector to maintain data privacy and is driving revenue growth in this segment.

The North America market accounted for largest revenue share in 2021 owing to rising innovation in IRM solutions and presence of key market players, such as Oracle, IBM, and others, in the region. Increasing concerns about data breaching and raising awareness of loss of information and theft are factors contributing to revenue growth of the market in the region.

On 07 September 2021, Pallycon, which is a global leader in Multi DRM and content protection service providers launched a strong anti-piracy solution to track down sources of illicit content leaks on OTT platforms.

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Emergen Research has segmented the global information rights management market based on component, deployment, organization size, verticals, and region:

Component Outlook (Revenue, USD Billion; 2019–2030)

Services

Consulting

Implementation & Integration

Training & Support

Others

Solutions

Deployment Outlook (Revenue, USD Billion; 2019–2030)

On-premises

Cloud

Organization Size Outlook (Revenue, USD Billion; 2019–2030)

Large Enterprises

Small and Medium-Sized Enterprises (SMEs)

Verticals Outlook (Revenue, USD Billion; 2019–2030)

Government

BFSI

IT & Telecom

Manufacturing

Education & Training

Energy & Utilities

Media & Entertainment

Healthcare

Others

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Regional Outlook (Revenue, USD Billion; 2019–2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of Middle East & Africa

Thank you for reading our report. For further inquiries, please get in touch with us. Our team will ensure the report is customized to meet your requirements.

About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
City: Surrey
State: British Columbia
Country: Canada
Website: https://www.emergenresearch.com/industry-report/information-rights-management-market

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