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. 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”.
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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.
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.
The all-inclusive report on the Global Information Rights Management Market added by Emergen Research demonstrates that the global Information Rights Management Market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Information Rights Management Market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Competitive Outlook:
The global Information Rights Management market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Information Rights Management market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some major companies in the global market 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.
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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)
Services
Consulting
Implementation Integration
Training Support
Others
Solutions
Deployment Outlook (Revenue, USD Billion; 2019–2030)
On-premises
Cloud
Organization Size Outlook (Revenue, USD Billion; 2019–2030)
Large Enterprises
Small and Medium-Sized Enterprises (SMEs)
Verticals Outlook (Revenue, USD Billion; 2019–2030)
Government
BFSI
IT Telecom
Manufacturing
Education Training
Energy Utilities
Media Entertainment
Healthcare
Others
The Global Information Rights Management Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Information Rights Management market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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