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Europe and US Digital Enabled Internet Music Market – Set to reach $1.86Bn in 2008
Sep 19, 2006
Digital Rights Management, or DRM as we call it, is the most reliable technology available to prevent audio-video piracy. In the previous year the position of DRM in the digital market strengthened considerably with heightened judicial intervention against illegal services. The market has since then invented new formats as well as distribution channels. Concurrent with these developments, globally music sales through Internet and mobile phones further proliferated generating as large as US$1.1 billion for recording companies. There are all the indications to show that the market is going to grow further in the coming decades.
DRM-enabled Internet music market size in Europe and U.S is likely to touch a mark of about $1.86Bn by the year 2008, an approximate 7-fold rise from nearly $235Mn in 2004. Online music market in the Western Europe alone shall surpass 500% by the year 2008 making it to $559.1Mn, whereas it was just $106.4Mn in 2005.
“Digital Rights Management: Opportunities (2006)”, the latest market research report by RNCOS provides a comprehensive analysis on every aspect of the DRM industry. According to the report, “DRM systems, today, have acquired greater attention in the media industry compared to the enterprise sector. Growth in DRM technology is particularly driven by mobile and music industries. However, some end users consider DRM as a hindrance to the entertainment sector”.
This Market Research Report on Digital Rights Management includes:
- Discussion on potential application area of DRM.
- Profile discussion of key competitors in the global DRM industry.
- Analysis of opportunities for the DRM Technology.
- Major forces driving the industry.
- Overview of key barriers in the application of Digital Right Management.
The report is intended for
- Decision-makers having interest in DRM technology.
- Investors keen on investing in this technology.
- Students who need research material on this subject.
For more information visit: http://www.rncos.com/Report/IM057.htm
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