Information Rights Management Market Overview
As per MRFR analysis, the Information Rights Management Market Size was estimated at 4.59 (USD Billion) in 2022. The Information Rights Management Market Industry is expected to grow from 5.18 (USD Billion) in 2023 to 15.3 (USD Billion) by 2032. The Information Rights Management Market CAGR (growth rate) is expected to be around 12.79% during the forecast period (2024 - 2032).
Key Information Rights Management Market Trends Highlighted
The Information Rights Management (IRM) market exhibits several key trends. The proliferation of cloud computing and SaaS applications has expanded the need for granular data access controls, fueling market growth. Organizations are increasingly focusing on data privacy and compliance, driving demand for IRM solutions that protect sensitive data from unauthorized access or misuse. Furthermore, the rise of digital transformation initiatives and the adoption of remote work models have increased the need for secure data sharing and collaboration, further boosting the market. Emerging technologies like blockchain and data tokenization are also gaining traction as potential solutions for enhancing data protection and management, shaping the future of the IRM market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Information Rights Management Market Drivers
Increasing Adoption of Cloud-Based Services
The growing adoption of cloud-based services is a major driver of the Global Information Rights Management Market Industry. As businesses move their data and applications to the cloud, they need solutions to protect their sensitive information. Information rights management (IRM) solutions provide a way to control who can access and use information, both within and outside the organization. IRM solutions can be used to protect data from unauthorized access, modification, or deletion.
They can also be used to track and audit the use of information, which can help businesses comply with regulatory requirements. The increasing adoption of cloud-based services is expected to continue to drive the growth of the IRM market in the coming years.
Rising Demand for Data Security
The rising demand for data security is another major driver of the Global Information Rights Management Market Industry. As businesses become more aware of the importance of protecting their data, they are increasingly investing in IRM solutions. IRM solutions can help businesses protect their data from a variety of threats, including data breaches, ransomware attacks, and insider threats. IRM solutions can also help businesses comply with regulatory requirements, such as the General Data Protection Regulation (GDPR). The rising demand for data security is expected to continue to drive the growth of the IRM market in the coming years.
Growing Adoption of Mobile Devices
Furthermore, the adoption of mobile devices is also contributing to the growth of the Global Information Rights Management Market Industry. Many employees of different companies use their mobile gadgets to access corporate information. The given industry can help protect data on these devices from unauthorized access or modification or from being deleted. Moreover, such software can also help in tracking and auditing information use, assisting in regulation compliance. This trend is expected to be observed in the future, as the adoption of mobile devices will constantly grow.
Information Rights Management Market Segment Insights
Information Rights Management Market Deployment Model Insights
The Global Information Rights Management Market is segmented based on deployment models, such as cloud-based and on-premises. These deployment models cater to different business requirements and offer unique advantages. The cloud-based deployment model is gaining traction due to its scalability, flexibility, and cost-effectiveness. It eliminates the need for businesses to invest in hardware and software infrastructure, allowing them to access IRM solutions on a subscription basis. This model is particularly suitable for organizations that require rapid deployment and do not have the resources to manage in-house IRM systems.
On the other hand, the on-premises deployment model provides greater control and customization over IRM systems. It is preferred by organizations with stringent security and compliance requirements, as it allows them to maintain their data on-premises and have complete control over its management. The Global Information Rights Management Market is expected to witness significant growth in the coming years, driven by the increasing adoption of cloud-based solutions and the growing need for data security and compliance.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Information Rights Management Market Organization Size Insights
The Global Information Rights Management market is segmented by organization size into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. Among these segments, Large Enterprises held the largest market share in 2023, accounting for over 60% of the Global Information Rights Management Market revenue. This dominance is attributed to the increasing adoption of IRM solutions by large enterprises to protect their sensitive data and comply with regulatory requirements. SMEs, on the other hand, are expected to witness significant growth in the coming years due to the rising awareness about data security and the increasing adoption of cloud-based IRM solutions. By 2028, the SME segment is projected to account for over 35% of the Global Information Rights Management Market share.
Information Rights Management Market Industry Insights
The Global Information Rights Management Market for the Healthcare industry is projected to reach USD 2.5 billion by 2026, exhibiting a CAGR of 15.2%, driven by the increasing adoption of electronic health records and the need to protect patient data. The Financial Services industry is also a significant contributor to the market, with a projected valuation of USD 2.2 billion by 2026, owing to the growing volume of sensitive financial data and the regulatory compliance requirements. The Education sector is witnessing a surge in demand for information rights management solutions, with a projected market size of USD 1.8 billion by 2026, fueled by the increasing adoption of digital learning platforms and the need to protect student data.
The Government and Manufacturing industries are anticipated to contribute significantly to the overall market growth, with projected valuations of USD 1.6 billion and USD 1.4 billion by 2026, respectively, driven by the rising concerns over data security and the need for effective information protection measures.
Information Rights Management Market Features Insights
Features Segment Insight and Overview The Global Information Rights Management Market features segment is predicted to grow significantly in the coming years. Key features driving this growth include Access Control: Access control solutions enable organizations to restrict access to sensitive information based on user roles and permissions. This feature is crucial for ensuring data security and compliance with regulations like GDPR and CCPA. Data Encryption: Data encryption safeguards sensitive information by converting it into an unreadable format, making it inaccessible to unauthorized individuals.
This feature is essential for protecting sensitive data in transit and at rest. Watermarking: Watermarking embeds invisible markers into digital content to identify its ownership and prevent unauthorized distribution. This feature is widely used in the entertainment industry to protect copyrighted content. Digital Rights Management (DRM): DRM systems control access to and usage of digital content, preventing unauthorized copying, sharing, or modification. This feature is crucial for protecting intellectual property and revenue streams in the digital age.
The increasing adoption of these features is fueled by growing concerns over data breaches, regulatory compliance, and the need to protect intellectual property. As a result, the Global Information Rights Management Market features segment is expected to experience robust growth in the coming years, with increasing revenue share and market dominance.
Information Rights Management Market Regional Insights
The regional segmentation of the Global Information Rights Management Market offers insights into the market's geographical distribution and growth dynamics. North America holds a significant market share due to the presence of key industry players and the early adoption of advanced technologies. Europe follows closely, with a strong focus on data protection and compliance regulations. APAC is expected to witness substantial growth in the coming years, driven by increasing digital transformation and government initiatives. South America and MEA are emerging markets with potential for growth, as organizations recognize the importance of protecting sensitive information.
In 2023, North America accounted for 35% of the Global Information Rights Management Market revenue, followed by Europe with 28% and APAC with 22%.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Information Rights Management Market Key Players And Competitive Insights
In the Information Rights Management Market, major players are continuously introducing advanced technologies and solutions, in order to stay competitive in the market. Leading Information Rights Management Market players are also focusing on developing innovative products and services, which can cater to the changing needs of the customers. Companies are spending a lot of money on the research and development of product portfolios.
The Information Rights Management Market development is being influenced by many other factors as well because it is being driven by the increasing adoption of cloud-based services, the growing demand for data protection and compliance with regulatory requirements.
IBM is an Information Rights Management provider and is based out of the U.S. The range of products and services offered by the company are related to information and security management. Information Rights Management solutions that are available on the IBM platform. Various useful features are offered by IBM’s Information Rights Management solutions to organizations. One useful feature is through this kind of service, users can easily control the details of who can access, view, or modify the data and information. These solutions are provided by IBM to protect a wide range of diverse organizations, such as governments, banks, hospitals, etc.
Microsoft is another leading Information Rights Management Market player. Microsoft’s Information Rights Management solutions have been integrated into its Office suite of products. Information Rights Management solutions provided by the company allow the users to protect their emails, documents, etc., so that data cannot be accessed by unauthorized parties. Microsoft’s solutions protect data for different organizations like companies, schools, governments, etc.
Key Companies in the Information Rights Management Market Include
Information Rights Management Market Industry Developments
The Information Rights Management (IRM) market is projected to experience significant growth in the coming years, driven by the increasing need for data protection and compliance. According to a recent study, the IRM market is expected to reach a value of USD 15.3 billion by 2032, growing at a CAGR of 12.79% from 2024 to 2032. Recent news developments in the IRM market include the launch of new products and solutions by major vendors. For example, Microsoft recently announced the release of Azure Information Protection Premium, a cloud-based IRM solution that provides advanced data protection capabilities.
Other vendors, such as IBM and Oracle, have also announced new IRM offerings in recent months. Key market trends include the adoption of cloud-based IRM solutions, the increasing demand for data protection in regulated industries, and the growing awareness of data privacy regulations. As organizations become more aware of the importance of data protection, they are increasingly turning to IRM solutions to help them protect their sensitive data.
Information Rights Management Market Segmentation Insights
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Information Rights Management Market Deployment Model Outlook
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Information Rights Management Market Organization Size Outlook
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Information Rights Management Market Industry Outlook
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Healthcare
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Financial Services
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Education
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Government
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Manufacturing
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Information Rights Management Market Features Outlook
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Information Rights Management Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.59(USD Billion) |
| Market Size 2023 |
5.18(USD Billion) |
| Market Size 2032 |
15.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
12.79% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Check Point Software Technologies, Forcepoint, SAP, Microsoft, Veritas Technologies, Zscaler, Proofpoint, Oracle, FireEye, McAfee, Adobe, OpenText, Symantec, IBM, Trend Micro |
| Segments Covered |
Deployment Model, Organization Size, Industry, Features, Regional |
| Key Market Opportunities |
Cloud adoption Digital transformation Big data analytics Industry 40 IoT |
| Key Market Dynamics |
Growing Adoption of CloudBased Solutions Increasing Demand for Data Protection Advanced Analytics and Reporting Capabilities Government Regulations and Compliance Rise of Remote Work |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Information Rights Management Market is expected to reach a value of 5.18 Billion USD in 2023.
The Global Information Rights Management Market is expected to grow at a CAGR of 12.79% from 2024 to 2032.
The Global Information Rights Management Market is expected to reach a value of 15.3 Billion USD in 2032.
North America is expected to have the largest market share in the Global Information Rights Management Market in 2023.
The BFSI industry is expected to have the largest market share in the Global Information Rights Management Market in 2023.
Some of the key competitors in the Global Information Rights Management Market include Microsoft, IBM, Oracle, and SAP.
Some of the key trends driving the growth of the Global Information Rights Management Market include the increasing adoption of cloud computing, the growing need for data protection, and the increasing number of cyberattacks.
Some of the challenges facing the Global Information Rights Management Market include the lack of awareness about information rights management solutions, the high cost of implementation, and the complexity of managing information rights.
Some of the opportunities for the Global Information Rights Management Market include the growing demand for data protection, the increasing number of cyberattacks, and the increasing adoption of cloud computing.
Some of the key factors that will shape the future of the Global Information Rights Management Market include the increasing adoption of cloud computing, the growing need for data protection, and the increasing number of cyberattacks.
