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

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

Status : February, 2020 | Technology & Media | PPT format

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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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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