Information Rights Management Market is anticipated to grow at a significant CAGR during the forecast period. Information rights management is a subset of digital rights management. Information rights management is a technology or service that can protect sensitive information from unauthorized access. Information rights management solutions and services are used for the encryption of confidential and sensitive data to prevent unauthorized access.
Increasing demand from the BFSI industry is estimated to drive the growth of the global information rights management market. The BFSI industry deals with huge amounts of money and critical business data. This data needs to be kept secure and confidential and the information rights management solutions and services enable the BFSI companies to maintain and manage the rights of all these confidential financial data.
The rising concern for information loss or theft is the major factor driving the information rights management market. According to the 2020 Q3 Data Breach QuickView Report, 36 billion sensitive data, including credit card numbers, home addresses, phone numbers, and other highly sensitive information has been breached in 2020 through 2,953 publicly reported breaching cases. According to the report published by IBM in 2020, the average cost of a data breach is $3.86 million. This cost is highest in the US and is highest in the healthcare sector. It takes around 280 days to identify and contain a data breach. This loss of data due to breaching or hacking causes huge losses to the organizations, due to which these organizations search for an information rights management system to secure the sensitive data of the organization.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Component
- By Deployment Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-IBM Corp., Cognizant, Adobe Inc., Oracle Corp., and others.
Information Rights Management Market Report Segment
By Type
- Solutions
- Services
By Payload Capacity
- On-Premises
- Cloud
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Information Rights Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ADAM Software
- Adobe Inc.
- Asset Bank
- Brandworkz Ltd.
- Bynder
- Canto, Inc.
- Celartem, Inc.
- Citrix Systems, Inc.
- Cognizant
- Copyright Clearance Center
- Dell EMC
- Deloitte AG
- DMX Technologies Group Ltd.
- Hewlett-Packard Co.
- House & Co.
- IBM Corp.
- Intralinks Holdings, Inc.
- LockLizard Ltd.
- MediaBeacon Inc.
- Microsoft Corp.
- Montala Ltd.
- NextLabs, Inc.
- Northplains
- Ntconsult Technology and Consulting
- OpenText Corp.
- Oracle Corp.
- Sealpath
- Seclore
- TransPerfect Translations Co.
- Vaultize Technologies Pvt. Ltd.
- Vitrium Systems Inc.
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