Enterprise Rights Management Solution Market: Size, Share & Trend | Industry Analysis Report 2020 - 2030
Global Enterprise Rights Management Solution Market: Introduction
Enterprise rights management solutions enable monitoring and controlling of usage of information, ensuring an organization’s intellectual property is used appropriately by employees. The solution also enables organizations to control what documents users have access to, how they can be used, how long they can be used, and the locations where they can be accessed from.
Rising Number of Intellectual Properties across the Globe
The number of intellectual properties is increasing exponentially (especially in semiconductor and automotive industry). Consequently, the need to maintain and secure the data of related intellectual properties is increasing globally. Enterprise rights management solution is one of the most advanced solutions which secures, monitors, and controls the documents within an enterprise. This also reduces the risk of data theft by employees as well as improves the internal security of the organization.
Increasing Rate of Data Breach and Cyber Attacks
The number of data breaches across the globe is increasing. This puts the intellectual property of a company at very high risk. The cost of recovering the data to compensate the loss due to data breach is very high. For instance, a recent ServiceNow survey (conducted by Ponemon) states that:
- Of the 3,000 companies surveyed, almost half admitted that their organization suffered a data breach in the last two years.
- Of those who suffered data breach, 34% knew they were vulnerable but did nothing
Thus, the rising number of data breach activities is expected to drive the growth of the market.
North America to Dominate the Global Enterprise Rights Management Solution Market
In terms of region, the global enterprise rights management solution market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the enterprise rights management solution market during the forecast period due to strong adoption of the solution by small & medium enterprises within the region.
COVID-19 Impact on the Global Enterprise Rights Management Solution Market
The COVID-19 pandemic is expected to moderately impact the global enterprise rights management solution market for a short-term period. The economic depression due to lockdown and shut down of enterprises across the globe has led to low investment in new technology as this increases the additional fixed cost of companies. The companies in this time period are highly skeptical of new investment.
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=79152
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
Comments
Post a Comment