Rising levels of digital information have supported demand for DRM software
Los Angeles, CA (PRWEB) November 01, 2012
While the ever-increasing array of content available over the internet has afforded consumers and businesses more options than ever before, “it has also motivated content owners and intellectual property holders to protect their content like never before,” says IBISWorld industry analyst Kevin Boyland. Digital rights management (DRM) software seeks to mitigate the risk of digital content being pirated or misused by limiting a user's ability to view, download, copy or print a certain piece of content.
Two opposing trends characterized the Digital Rights Management Software Developers industry in the past five years. “On the one hand, decreasing disposable incomes amid the recession resulted in lower sales of discretionary products, such as digital music and books, decreasing demand for DRM software for these products,” Boyland says. “On the other hand, businesses moved more operations online to improve productivity and cut costs, driving demand for DRM software from this market.” These two contrasting forces essentially balanced each other out. As a result, revenue is expected to increase at a moderate annualized rate of 0.8% to $1.7 billion over the five years to 2012.
While less prominent to the public, demand for business DRM software, which allows businesses to protect internal and external exchanges of information, has increased year over year. Different businesses and business units are increasingly collaborating through the internet, improving productivity but also increasing the risks of theft or misuse of proprietary information. These businesses have increasingly demanded DRM software to mitigate some of these risks.
Over the next five years, increasing business demand along with the increasing proliferation of broadband-enabled mobile devices will bode well for the Digital Rights Management Software Developers industry. More businesses will likely implement bring-your-own-device policies (where employees use their own devices to access company information), expanding the risk of proprietary document theft to mobile platforms. As a result, mobile DRM solutions will likely see increased demand over the next five years. For more information, visit IBISWorld’s Digital Rights Management Software Developers in the US industry report page.
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IBISWorld industry Report Key Topics
This industry includes firms that develop digital rights management (DRM) software. DRM software is used to limit the use and distribution of copyrighted or proprietary material through restrictive licensing agreements and encryption technology. DRM software may prevent copying or printing, limit the number of devices on which digital media can be installed, and restrict access to various documents.
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