Global Information Rights Management (IRM) Market to Grow Over $1.9 Billion by 2023 at a CAGR of Around 15% Says Global QYResearch

Description :

According to a new report published by Global QYResearch titled “Information Rights Management Market (Types: Cloud, On-Premises; Application: Banking, Financial Services, and Insurance, Research and Publications, Education, Law, Healthcare and Pharmaceuticals, Government, Software and Technology, Manufacturing, and Others)”, the global market for information rights management is estimated to grow at a significant rate of around 15% CAGR and reach the market value of over $1.9 billion by 2023. The cloud deployment type is expected to grab a better market share in the information rights management market. Cloud deployment makes it easy to achieve integrated solutions that contain facilities such as maintaining current business workflows, manual rights application, consistent policies application, and protecting sensitive information.
Banking, Financial Services, and Insurance (BFSI) Drives the IRM Market
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The BFSI vertical is projected to display largest share in IRM market in 2018. BFSI features such as the confidential and secured data are key reasons driving the IRM market. BFSI deals with the vast sum of capital and critical business records and securing this data is of key importance. Well-informed decisions must be taken by business enterprises in this vertical. The IRM solutions facilitate BFSI vertical to preserve and manage the rights of all financial information securely.
Asia-Pacific is Anticipated To Grow At Highest CAGR During the Forecast Period
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Asia-Pacific is anticipated to grow at the highest CAGR in global IRM market during the forecast period. Huge customer base and diversified geographic areas in the Asia-Pacific region is estimated to display strong growth in the IRM market. The growth in Asia-Pacific region is principally motivated by the existence of many data-centric enterprises that are steadily embracing the acceptance of advanced technology, such as information rights management. The IRM market in the developing regions such as Latin America and the Middle East and Africa is estimated to rise steadily due to the growing trends of enterprise mobility and BYOD.
Key Players
The key players included in this report are Oracle, Adobe, Microsoft, Vaultize, NextLabs, OpenText, Vitrium, Citrix, Covertix, Locklizard, Copyright Clearance Center, Seclore, Sealpath, Vera Security, FinalCode, Intralinks, Fasoo, FileOpen, Traxion, GigaTrust, InfoSaaS, Network Intelligence, TransPerfect, Skyhigh, and Trunomi.
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