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.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/1227
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.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/information-rights-management-market
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.
Request Proceed to Buy of the report @ https://www.emergenresearch.com/select-license/1227
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)
Implementation & Integration
Training & Support
Deployment Outlook (Revenue, USD Billion; 2019–2030)
Organization Size Outlook (Revenue, USD Billion; 2019–2030)
Small and Medium-Sized Enterprises (SMEs)
Verticals Outlook (Revenue, USD Billion; 2019–2030)
IT & Telecom
Education & Training
Energy & Utilities
Media & Entertainment
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1227
Regional Outlook (Revenue, USD Billion; 2019–2030)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
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.
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
State: British Columbia