Rapid advancements and innovation in Information Rights Management (IRM) technologies and growing concerns over information loss and theft are key factors driving the market revenue growth
The Global Information Rights Management (IRM) Market the size was USD 1.43 billion in 2021 and is expected to register a CAGR of 15.5% during the forecast period, according to the latest analysis from Emergen Research. Rising adoption of IRM systems for omnichannel marketing and growing demand from organizations to backup and restore confidential data at the time of data breach are key factors driving the market revenue growth. IRM software is a collection of technologies that enable businesses and content owners to monitor, regulate and defend the rights of individuals and organizations against third parties to ensure that personal information and browsing history of individuals are used legally throughout the organization.
Information leakage occurs when an unauthorized user or third party gains access to data, which ultimately results in leakage of sensitive information. This has a significant effect on businesses and organizations could lose their customers, staff, partners, market position and credibility due to this “information leak”. IRM supports the protection of documents, e-mails, photos, audio-video and scanned copies within the company. It protects files from viewing, copying, modifying, deleting, transferring, printing, and screenshotting by unauthorized users.
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Key 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 businesses for performing critical activities. Users of all companies have access to files and documents online and offline. PCs and mobile devices, leading to significant security issues and threats. IRM provides organizations with an improved way to monitor transactions and manage content remotely.
However, lack of proper authentication, high cost of MRI software, and lack of responsiveness of small businesses are factors that may hamper the market revenue growth.
Chapter 1 includes an introduction of the global Information Rights Management market, along with a comprehensive market overview, market scope, product offerings, and a survey of market drivers, growth opportunities , risks, constraints and other vital factors.
Chapter 2 offers an in-depth analysis of key manufacturers engaged in this business vertical along with their sales and revenue estimates.
Chapter 3 details the highly competitive terrain of the market, highlighting the major manufacturers and suppliers.
In Chapter 4, our team has fragmented the market based on regions, highlighting the sales, revenue and market share of each region over the forecast period.
Chapters 5 and 6 have focused on market segmentation based on product type and application.
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Some highlights of the report
The solutions segment accounted for the largest share of revenue in 2021. IRM is a technology that regulates the access and use of structured and unstructured data. Rapid digitization with cloud computing, increasing usage of mobile devices coupled with rising internet penetration are giving rise to online theft and have increased the demand for advanced MRI solutions, which are driving the revenue growth of this segment.
The BFSI segment accounted for the largest share of revenue in 2021. The BFSI sector holds sensitive information and is most susceptible to data loss. In 2019, First American Financial Corp. had exposed 885 million internet data due to a cyberattack, including social security numbers, bank transactions and other personal information. This has increased the importance of IRM solutions in the banking and insurance industry to maintain data privacy and is driving revenue growth in this segment.
The North America market accounted for the largest revenue share in 2021 owing to growing innovation in MRI solutions and the presence of key market players such as Oracle, IBM and others in the region. Rising concerns over data breach and awareness of information loss and theft are factors contributing to the market revenue growth in the region.
On September 07, 2021, Pallycon, which is a global leader in multi-DRM and content protection service providers, launched a powerful 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 components, deployment, organization size, verticals, and region:
Components Outlook (Revenue, USD Billion; 2019-2030)
Implementation & Integration
Deployment Outlook (Revenue, USD Billion; 2019-2030)
On the site
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
Small and medium-sized enterprises (SMEs)
Vertical Outlook (Revenue, USD Billion; 2019-2030)
IT & Telecom
Education and formation
Energy and Utilities
Media and Entertainment
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Regional Outlook (Revenue, USD Billion; 2019-2030)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of the Middle East and Africa
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