Blockchain in Digital Rights Management Market Size
What combination of drivers is leading to accelerated growth in the blockchain in digital rights management market?
The surge in the popularity of online gaming is anticipated to stimulate blockchain’s growth in the digital rights management market. Online gaming is the practice of engaging in video games through the internet, whether it’s via a computer, gaming console, or a mobile device. The escalation of online gaming can be traced back to various factors, including the emergence of esports, competitive gaming contests, live-streaming platforms, and the widespread availability of smartphones. The incorporation of blockchain technology in digital rights management for online gaming offers a decentralized, transparent and secure framework for managing and securing digital assets like in-game items, virtual currency and game licenses. Blockchain can also enhance interoperability and cross-platform compatibility, enabling players to utilize their digital assets across multiple games, platforms and ecosystems. As reported by Uswitch Communications Ltd., a UK-based comparison service and switching website, in May 2023, the UK’s digital game sales experienced an increase of one million units between 2021 and 2022, rising from 61 million to 62 million. Additionally, approximately 40% of the global population were online gamers in 2023. Consequently, the surging popularity of online gaming is propelling the growth of blockchain in the digital rights management market.
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What is the projected compound annual growth rate (CAGR) of the blockchain in digital rights management market from 2025 to 2034, and what factors influence it?
The market for blockchain in digital rights management has seen a massive expansion in the last few years. Projected growth is significant, increasing from $0.16 billion in 2024 to $0.25 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 54.5%. This considerable growth in previous years can be attributed to several factors such as secure content distribution, strong anti-piracy measures, the demand for decentralized DRM, inefficiencies of traditional DRM, concerns about fair compensation, the acceptance of blockchain technology, and platforms for content monetization.
The market size for blockchain in digital rights management is projected to experience a massive surge in the next couple of years, escalating to a worth of $1.42 billion in 2029, with a yearly average growth rate (CAGR) of 54.2%. This growth, expected during the forecasting period, is as a result of the increase in digital content, legal measures put in place to protect IP rights, the combination of blockchain and DRM, managing royalties through smart contracts, adoption of blockchain by the media industry, the rise in non-fungible token (NFT) for digital asset ownership, and a heightened focus on interoperability in blockchain DRM. The forecast period also reveals significant trends like the integration of blockchain technology, adoption of smart contracts, increased demand for blockchain-based solutions, emergence of decentralized content marketplaces, growing adoption of non-fungible tokens, integration into content management systems, greater importance attached to interoperability standards, and the progression of blockchain-based identity solutions.
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What trends are poised to drive the future success of the blockchain in digital rights management market?
Significant players in the blockchain for digital rights management sector are concentrating on incorporating highly sophisticated solutions such as digital rights management tools to bolster market revenue. Digital rights management tools are software solutions that employ blockchain technology to regulate and safeguard digital assets like media files, documents or software. They do this by applying access control, usage limitations, and content encryption. For example, in January 2024, Elastos, a blockchain-powered internet operating system from Singapore, debuted its Elacity DRM. This new digital rights management tool, designed specifically for Web3, is targeted at video content creators. Elacity DRM utilizes the Access Economy Protocol (AEP), a combination of non-fungible token technology and decentralized DRM. This platform allows creators to distribute, monetize, and re-sell their content at preset scarcity levels, giving them full authority over their digital rights. Through leveraging blockchain and decentralized technologies, Elacity ensures not only the security of digital assets but also their intrinsic value preservation in the Web3 era. The tool, developed on the Elastos Smart Chain (ESC) and EVM-compatible, is accessible to a broad range of developers on the Elastos SmartWeb.
What are the major segments of the blockchain in digital rights management market and their role in driving growth?
The blockchain in digital rights management market covered in this report is segmented –
1) By Type: Public Blockchain, Private Blockchain
2) By Application: Content Protection And Security, Royalty Tracking And Payments
3) By End User: Content Creators And Artists, Media And Entertainment Companies
Subsegments:
1) By Public Blockchain: Permissionless Blockchain, Permissioned Blockchain
2) By Private Blockchain: Consortium Blockchain, Fully Private Blockchain
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Which regions are key players in the growth of the blockchain in digital rights management market?
North America was the largest region in the blockchain in digital rights management market in 2024. The regions covered in the blockchain in digital rights management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the blockchain in digital rights management market?
Major companies operating in the blockchain in digital rights management market are Microsoft Corporation, Sony Corporation, International Business Machines Corporation, Oracle Corporation, Adobe Systems Incorporated, Verisign Inc., Kudelski Group, Blockchain.com Inc., ConsenSys LLC, Irdeto Inc., Exodus Information Technology Pvt. Ltd., Applied Digital Corporation, Mediachain Labs Inc., Axoni Inc., Eluvio Inc., Bitmark Inc., Custos Media Technologies Inc., Scenarex Inc., Pixsy Inc., Provenance Blockchain Inc., Binded Inc., Enterprise Ethereum Alliance, Theta Labs Inc., Publica Ltd., Gilgamesh Platform Inc., RecordsKeeper Technologies Inc.
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What Is Covered In The Blockchain in Digital Rights Management Global Market Report?
• Market Size Forecast: Examine the blockchain in digital rights management market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the blockchain in digital rights management market for a structured understanding.
• Key Players Overview: Analyze major players in the blockchain in digital rights management market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the blockchain in digital rights management market.
• Segment Contributions: Evaluate how different segments drive overall growth in the blockchain in digital rights management market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the blockchain in digital rights management market.
• Industry Challenges: Identify potential risks and obstacles affecting the blockchain in digital rights management market.
• Competitive Landscape: Review strategic developments in the blockchain in digital rights management market, including expansions, agreements, and new product launches.
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