Information Rights Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Single User License $3500

Information Rights Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2021 | Technology & Media

Report Digest


Global Information Rights Management Market: Snapshot

Information rights management (IRM) is a subset under the digital rights management (DRM) in the form of technologies that help protect sensitive and classified information from unauthorized parties and individuals. It is also sometimes called E-DRM or Enterprise Digital Rights Management. DRM technologies are mainly involved with business to consumer systems to protect rich media such as music, film, and video. IRM is a technology that allows for information to be remotely controlled. This information mostly exists in the form of documents and emails

Using IRM, information and its control can be separately created, edited, distributed, viewed, and distributed. A proper IRM system is typically used to protect information in a business-to-business model. This might be in the form of financial data, intellectual property, and executive communications. IRM is used on a vast scale worldwide, and hence is a part of a huge Information rights management market.

Solutions used by information rights management solutions use encryption to prevent unauthorized access. In order to access the encrypted data, users mainly are provided with a key or a password. A person who is using IRM can apply certain restrictions and permissions on other users that can either permit or deny, or enable both options, with respect to a specific piece of information.

Preventing use of screenshots, denying printing, editing, and copy pasting are some of the key restrictions present in a typical IRM model. In case of permissions, a user might have the ability to carrying out offline activities associated with particular document, without the need for network access. Some other examples include full auditing of access to documents, as well as changes made to rights/policy by business users. Mapping of particular business-based documents also is a type of permission present in IRM models. Users can revoke or change such restrictions and permissions too.

Global Information Rights Management Market: Overview

Information rights management (IRM) is a domain encompassing technologies and techniques primarily used to protect documents and files from unauthorized access or actions. A subset of digital rights management, it focuses on managing and securing sensitive data in an organization using the methods of encryption. The data are normally present in multimedia format or in the form of Word documents, PDFs, and emails. The adoption of IRM technologies decide access rights for actions such as viewing, forwarding, copying, deleting, editing, or printing. IRM is increasingly garnering attention among enterprises world over as a crucial part of IT security that helps in securing enterprise document files usually shared between the parties outside of the organization.

Global Information Rights Management Market: Key Trends

The substantial drive that information rights management technologies have in various industry verticals has stemmed from the growing significance of document-level encryption and rights management. The growing number of insider threats plaguing enterprise content has led to the mounting concern of sensitive information loss. The concern is especially crucial in highly regulated industries such as the government, healthcare, and banking and financial services. This is a notable factor underpinning the demand for IRM. In several developing and developed nations stringent compliance requirements in place for industries to adhere to are further fortifying the adoption of IRM technologies. Furthermore, the staggering rise in the usage of mobile devices across enterprises and the trend of bring-your-own-device gathering steam in enterprise mobility, the information rights management will reap attractive gains over the forecast period of 2017–2025.

Global Information Rights Management Market: Market Potential

Globally prominent software firms are already offering a few enterprise apps that have information rights management interwoven in their security mechanism. One of the popular email apps is Microsoft’s Outlook used widely in organizations. Recently, technology giant Google has come up with several useful business-focused IRM features in the market after it announced an overhaul of its Gmail last month in April 2018.  The move is made with the aim for upping the level of security and productivity across workplaces in businesses. One of such features of Gmail with which the company seeks to raise the ante higher is privacy-focused confidential mode which enables users to set expiration dates for emails. The features will be rolled out in a phased manner. In addition, the functionality that will fill the gap in IRM is the ability of users to block recipients from actions such as copying, forwarding, downloading, or even printing of some messages. Google will further bolster the capability of Gmail by adding robust email phishing detection.

However, one factor that may limit the application of these IRM features is the lack of default setting. This means the user needs to activate this confidential mode each time a mail has to be sent.

Global Information Rights Management Market: Regional Outlook

The study presents a detailed overview of the outlook of key regional markets and emerging prospects in various regions. The analysis offered takes a closer look at the regulatory landscape in major regions and assesses the impact of recent changes on the overall market dynamics. Some of the key regional segments in the global information rights management market are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Global Information Rights Management Market: Competitive Outlook

The study presents extensive profiling of prominent technology and services providers and their recent offerings. It highlights key strategies adopted by various players either to consolidate their shares or gain a better foothold in the market. A number of emerging vendors are securing sizeable funds from venture capitalists to accelerate the development of IRM technologies meant for cloud. This will open exciting avenues in the market. Key players operating in the information rights management market include Vera Security, Traxion, Locklizard Limited, Copyright Clearance Center, Nextlabs, Adobe Systems Incorporated, and Oracle Corp.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?