Technology industry

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

“Information Rights Management Market | Emerging Research »

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.

Contents:

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)

Services

Consultant

Implementation & Integration

Training Support

Others

Solutions

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

On the site

Cloud

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

Large companies

Small and medium-sized enterprises (SMEs)

Vertical Outlook (Revenue, USD Billion; 2019-2030)

Government

BFSI

IT & Telecom

Manufacturing

Education and formation

Energy and Utilities

Media and Entertainment

Health care

Others

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

North America

WE

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Benelux

The rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

South Africa

Turkey

Rest of the Middle East and Africa

Thank you for reading our report. For more information, please contact us. Our team will ensure that the report is customized to meet your requirements.

About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market strategy consulting and research firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

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