Information Rights Management Market Size (2024 - 2029)

The Information Rights Management (IRM) market is experiencing significant growth due to the increasing need for secure document sharing in the digitalized business environment. This demand is driven by the necessity for encrypted access controls to protect sensitive information, which is crucial for enterprises as they adopt online platforms for communication. The market's expansion is further supported by the adoption of digital rights management tools, which safeguard digital media assets and confidential data, particularly in industries like pharmaceuticals and banking. However, challenges such as the lack of standard practices and integration with legacy systems pose obstacles to widespread adoption. The COVID-19 pandemic has accelerated the shift towards digital transformation, increasing the demand for IRM solutions as organizations adapt to new online models and manage the growing volume of digital content.

Market Size of Information Rights Management Industry

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Information Rights Management Market Summary
Study Period 2019-2029
Market Size (2024) USD 2.34 Billion
Market Size (2029) USD 5.43 Billion
CAGR (2024 - 2029) 18.31 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Information Rights Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Information Rights Management Market Analysis

The Information Rights Management Market size is estimated at USD 2.34 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 18.31% during the forecast period (2024-2029).

Enterprises worldwide are increasingly using online platforms to communicate their business information due to the digitalization of business processes, which need encrypted access rights for security purposes of the document, creating an opportunity for the IRM software market vendors.

  • IRM frequently encrypts files to impose access controls, and extra IRM rules can be used to allow/deny specific actions after a document has been encrypted. This can result in a user only being able to view material from a document, not copy or paste it. In other circumstances, users may be prohibited by the IRM rule from printing, editing, or taking screenshots of the document. This drives the market adoption of IRM solutions because it enables a company to share information files with advanced securities.
  • IRM is a subset of Digital Right Management, and companies are adopting DRM tools because, through this, digital media assets are protected by the use of an encryption program, which limits access to particular individuals, times, or devices and imposes a limit on the number of times the content can be installed or opened. DRM material is typically used by corporations to protect confidential data, especially during product design papers and M&A (merger and acquisition) processes. With efficient digital rights management software, a firm may quickly launch new campaigns and product concepts while keeping in compliance with regulatory obligations.
  • It can stop competitors from obtaining trade secrets or intellectual property. Consider a pharmaceutical organization. For instance, these IRM tools may be working on a patent for a new medicine, but the absence of IRM controls may allow a rival to steal useful informations. Additionally, private information about a bank under investigation internally might be made public, harming the bank's standing in the market. This road application of IRM across various end-user industries creates a demand for market growth.
  • The absence of standard practices is one of the main issues organizations face with adopting information-proper management tools. Lack of uniformity in strategy, digitization documents, automating procedures, managing the growing volume, safeguarding information access, reducing information silos, integrating with legacy systems, and removing low-quality data are common information management difficulties.
  • The COVID-19 pandemic caused many worldwide to move online, accelerating a long-term digital transformation. Several people began working from home, children with at-home Internet connections started attending classes online, and numerous businesses adapted digital business models to continue operating and keep certain revenue streams. In the meantime, researchers used artificial intelligence (AI) to underastand the virus and hasten the search for a vaccine. Mobile applications were created to help "monitor and trace" the growth of the pandemic, which has increased the demand for IRM software across various end users due to an increase in the volume of online content.

Information Rights Management Industry Segmentation

Information rights management (IRM) is a technology that helps enterprises secure and protect files and documents carrying confidential information. IRM technology protects documents, spreadsheets, and presentations created by enterprises and protects these files from unauthorized copying, viewing, printing, forwarding, deleting, and editing.

The information rights management market is segmented by size of the organization (small and medium enterprises, large enterprises), deployment mode (on-cloud and on-premise), end-user industry (BFSI, healthcare, media and entertainment, education and research, government and public institutions, and IT & telecom), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are measured in USD for all the above segments.

By Size of the Organization
Small and Medium Enterprises
Large Enterprises
By Deployment Mode
On-Cloud
On-Premise
By End-user Industry
BFSI
Healthcare
Media and Entertainment
Education and Research
Government and Public Institutions
IT & Telecom
Other End-user Industries (Law and Order Agencies, Manufacturing)
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Information Rights Management Market Size Summary

The Information Rights Management (IRM) market is poised for significant growth, driven by the increasing need for secure digital communication and data protection across various industries. As businesses continue to digitize their processes, the demand for IRM solutions is rising, particularly in sectors like banking, financial services, and insurance (BFSI), where data security is paramount. IRM tools offer advanced security features such as encryption and access controls, enabling organizations to share sensitive information securely while complying with regulatory requirements. The COVID-19 pandemic has further accelerated the adoption of IRM solutions, as the shift to online platforms and remote work has heightened the need for robust data protection measures.

North America, especially the United States, is expected to dominate the IRM market due to the rapid adoption of digital media and technological advancements in the region. The increasing use of mobile devices and the need for compliance with stringent data protection regulations are driving the demand for IRM solutions. The competitive landscape is fragmented, with numerous players offering innovative solutions and forming strategic partnerships to enhance their market presence. Companies like Microsoft, Oracle, and Adobe are actively developing and integrating IRM capabilities into their offerings, catering to the growing need for secure information management in a digital-first world.

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Information Rights Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Adoption of BYOD Trends and Enterprise Mobility, and Stringent Regulations and Compliance

      2. 1.2.2 Adoption of Digital Rights Management Solutions Across Various End-user Verticals

      3. 1.2.3 Rapid Digitization of Business Process Coupled With Increase in Internet Usage

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Standardization for Security of Digital Content

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Assessment of Impact of Covid-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Size of the Organization

      1. 2.1.1 Small and Medium Enterprises

      2. 2.1.2 Large Enterprises

    2. 2.2 By Deployment Mode

      1. 2.2.1 On-Cloud

      2. 2.2.2 On-Premise

    3. 2.3 By End-user Industry

      1. 2.3.1 BFSI

      2. 2.3.2 Healthcare

      3. 2.3.3 Media and Entertainment

      4. 2.3.4 Education and Research

      5. 2.3.5 Government and Public Institutions

      6. 2.3.6 IT & Telecom

      7. 2.3.7 Other End-user Industries (Law and Order Agencies, Manufacturing)

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

Information Rights Management Market Size FAQs

The Information Rights Management Market size is expected to reach USD 2.34 billion in 2024 and grow at a CAGR of 18.31% to reach USD 5.43 billion by 2029.

In 2024, the Information Rights Management Market size is expected to reach USD 2.34 billion.

Information Rights Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)