Key Players in Global Information Rights Management Market to Focus on Emerging Economies

San Francisco, California, July 13, 2018: A new market intelligence report has recently been added by TMR Research to its comprehensive collection of research reports. The study, titled “Information Rights Management Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” offers a detailed study of the overall market. The regional overview, key segmentation, growth prospects, and the competitive landscape of the global information rights management market have been discussed in the scope of the research study.

The rising concern regarding information loss and theft and the rising trend of BYOD and the enterprise mobility are some of the key factors that are projected to encourage the growth of the global information rights management market in the next few years. In addition to this, the high potential offered by developing nations, which is likely to support the growth of the market in the near future. On the other hand, the high integration and installation costs is projected to curtail the growth of the overall market in the next few years.

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Among the key regional segments, North America is expected to witness a high growth and account for a large share of the global market in the next few years. The rising focus on research and development activities is predicted to accelerate the growth of the information rights management market across North America in the next few years.

The global information rights management market is projected to witness high growth in the next few years. The rising number of players entering the market is likely to support the growth of the overall market in the near future. Some of the leading players operating in the information rights management market across the globe are Vera Security, Traxion, Locklizard Limited, Oracle Corp., Adobe Systems Incorporated, Nextlabs, and Copyright Clearance Center. The rising mergers and acquisitions is another major factor, which is projected to enhance the growth of the overall market in the near future.

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Information Rights Management Market fortifying the adoption of technologies 2025

Global Information Rights Management Market: Overview

Information rights management (IRM) is a domain encompassing technologies and techniques primarily used to protect documents and files from unauthorized access or actions. A subset of digital rights management, it focuses on managing and securing sensitive data in an organization using the methods of encryption. The data are normally present in multimedia format or in the form of Word documents, PDFs, and emails. The adoption of IRM technologies decide access rights for actions such as viewing, forwarding, copying, deleting, editing, or printing. IRM is increasingly garnering attention among enterprises world over as a crucial part of IT security that helps in securing enterprise document files usually shared between the parties outside of the organization.

Global Information Rights Management Market: Key Trends

The substantial drive that information rights management technologies have in various industry verticals has stemmed from the growing significance of document-level encryption and rights management. The growing number of insider threats plaguing enterprise content has led to the mounting concern of sensitive information loss. The concern is especially crucial in highly regulated industries such as the government, healthcare, and banking and financial services. This is a notable factor underpinning the demand for IRM. In several developing and developed nations stringent compliance requirements in place for industries to adhere to are further fortifying the adoption of IRM technologies. Furthermore, the staggering rise in the usage of mobile devices across enterprises and the trend of bring-your-own-device gathering steam in enterprise mobility, the information rights management will reap attractive gains over the forecast period of 2017–2025.

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Global Information Rights Management Market: Market Potential

Globally prominent software firms are already offering a few enterprise apps that have information rights management interwoven in their security mechanism. One of the popular email apps is Microsoft’s Outlook used widely in organizations. Recently, technology giant Google has come up with several useful business-focused IRM features in the market after it announced an overhaul of its Gmail last month in April 2018.  The move is made with the aim for upping the level of security and productivity across workplaces in businesses. One of such features of Gmail with which the company seeks to raise the ante higher is privacy-focused confidential mode which enables users to set expiration dates for emails. The features will be rolled out in a phased manner. In addition, the functionality that will fill the gap in IRM is the ability of users to block recipients from actions such as copying, forwarding, downloading, or even printing of some messages. Google will further bolster the capability of Gmail by adding robust email phishing detection.

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However, one factor that may limit the application of these IRM features is the lack of default setting. This means the user needs to activate this confidential mode each time a mail has to be sent.

Global Information Rights Management Market: Regional Outlook

The study presents a detailed overview of the outlook of key regional markets and emerging prospects in various regions. The analysis offered takes a closer look at the regulatory landscape in major regions and assesses the impact of recent changes on the overall market dynamics. Some of the key regional segments in the global information rights management market are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

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Global Information Rights Management Market: Competitive Outlook

The study presents extensive profiling of prominent technology and services providers and their recent offerings. It highlights key strategies adopted by various players either to consolidate their shares or gain a better foothold in the market. A number of emerging vendors are securing sizeable funds from venture capitalists to accelerate the development of IRM technologies meant for cloud. This will open exciting avenues in the market. Key players operating in the information rights management market include Vera Security, Traxion, Locklizard Limited, Copyright Clearance Center, Nextlabs, Adobe Systems Incorporated, and Oracle Corp.