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(I-SoftwareNews.Com, July 30, 2018 ) MarketsandMarkets forecasts the information rights management market to grow from USD 913.5 Million in 2018 to USD 1,885.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. The major factors driving the market growth are the increasing concerns about information loss and theft, the upward trends of Bring Your Own Device (BYOD) and enterprise mobility, and stringent regulations and compliance.
The objective of the report is to define, describe, and forecast the information rights management market size on the basis of components (solutions and services), deployment types, organization size, verticals, and regions. Among components, the solutions segment is expected to have the larger market share during the forecast period, as there is a dire need for managing the information rights of content, such as documents, texts, emails, brands, and logos.
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Among services, the consulting services segment is expected to grow at the fastest growth rate during the forecast period. These services provide organizations expert advice on improving the usage of the deployed solutions to fulfill business requirements. Consultants provide architecture guidance and assistance to organizations, thereby maximizing their benefits. These benefits have encouraged organizations across diverse verticals to adopt consulting services.
Among deployment types, the cloud deployment type is expected to have the larger market share compared to the on-premise deployment type. Most information rights management users prefer the cloud deployment type, because of its cost-effectiveness and related benefits. The cloud deployment type is highly scalable, flexible, and cost-efficient and provides the pay-per-use model, depending upon the requirements of end-users.
Among verticals, the Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the largest market share in the information rights management market in 2018. Enterprises in this vertical are expected to rapidly adopt information rights management solutions, because of the secured and confidential data features offered. As huge sums of money and critical business data are at stake, well-informed decisions must be taken by enterprises in the BFSI vertical. Information rights management solutions assist companies in the BFSI vertical in managing and maintaining the rights of all their financial information.
North America is expected to have the largest share in the information rights management market during the forecast period. Due to rising information breaches and data loss incidents, enterprises in North America are expected to rapidly adopt information rights management solutions. The increasing Research and Development (R&D) activities and the dominance of technology-based industries and enterprises in the region have also created huge opportunities for information rights management solution vendors. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Several factors are expected to drive the impressive growth of the APAC region. The factors include the rising concerns about information loss and thefts, and the rising BYOD and enterprise mobility trends among organizations.
Increasing concerns about information loss and thefts, the upward trends of BYOD and enterprise mobility, and stringent regulations and compliance are expected to drive the growth of the global market. However, high integration and installation costs may hinder the market growth and act as a restraining factor that can hamper business-critical functions in the information rights management market.
The major vendors in the information rights management market include Adobe (US), Microsoft (US), Oracle (US), Seclore (US), Vaultize (US), NextLabs (US), OpenText (Canada), Vitrium (Canada), Citrix (US), Copyright Clearance Center (US), Intralinks (US), Locklizard (UK), Sealpath (Spain), TransPerfect (US), Vera Security (US), Covertix (Israel), FinalCode (US), Fasoo (US), FileOpen (US), GigaTrust (US), InfoSaaS (England), Network Intelligence (India), Skyhigh (US), Traxion (Netherlands), and Trunomi (US).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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Mr. Shelly Singh
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Source: EmailWire.Com 
Source: EmailWire.com
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