India's EDRM market spending has grown at double-digit rates

Enterprise Digital Rights Management (EDRM) is typically used to protect highly sensitive documents and emails exchanged and accessed by multiple parties. Digital transformation efforts typically aim at achieving improved customer experience, seamless collaboration between employees and partners, and automation through M2M (Machine-to-Machine) communication. Prominent examples include board memos, commercially sensitive documents, such as product design documents, M&A (merger and acquisition) plans, financial reports, or customer information.

The Global Enterprise Data Management Market is accounted for $68.60 billion in 2016 and is expected to reach $142.67 billion by 2023, growing at a CAGR of 11.0% from 2016 to 2023. This growth is attributable to the rising demand for advanced digital rights management solutions and services from industries and increasing adoption of on premise deployment models to offer the finest services to clients.

Key Takeaways: The global digital rights management market is undergoing an emerging stage and is anticipated to expand rapidly in the next few years. The recent developments in technology have given rise to different kinds of concerns pertaining to the internet. With downloading speeds becoming faster and more files getting distributed over the internet, the market for EDRM solutions is also booming. 

Cool Vendors: Microsoft, SAP, Seclore, Vaultize, GigaTrust and Vaultix.