Source: RNCOS > 30 November 2005 (IT Market Research)
DRM to push online Music Market in the US on a 7-fold rise by 2008
Digital Rights Management (DRM) is related to copy-protection technology, which establishes security and encryption in solving unauthorized copying by locking the content of a software document and limit its distribution to only those permitted to use it. DRM allows users to make as many private copies while preventing its piracy.
Digital Rights Management (DRM) is related to copy-protection technology, which establishes security and encryption in solving unauthorized copying by locking the content of a software document and limit its distribution to only those permitted to use it. DRM allows users to make as many private copies while preventing its piracy.
DRM is mostly used in all legal music downloads and subscriptions. As an example, Sony was using a root kit in order to hide traces of its copy restriction that was penetrating into a computer’s operating system to cover up certain software files and functions performed by the computer.
It was also found that as online operations were becoming widespread, free services from it that were being sued on issues relating to infringement of copyright laws was gaining popularity.
In its recent market research report, ”Digital Rights Management-An Industry Outlook (2005-2008)” made by RNCOS, experts say that in the US and Europe, the size of the DRM enabled online music market was expected to reach a revenue earning of about $2.18 billion in 2008 from $275 million in 2004, the rise being nearly a seven fold. In Western Europe alone the online music market is expected to grow to $656 million in 2008 from $124 million in 2005, the growth being five times in the next three years.
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