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Intellectual Property Still Remains A Huge Difficulty For US Companies Who Suffered A Loss Of From $35 To $39 Billion In 2004
By Mi2N
(more articles from this author)
2005-11-19
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Research and Markets has announced the addition of Digital Rights Management - An Industry Outlook (2005-2008) to their offering.

The problem of leakage and theft of information among corporate and enterprises who work in collaboration is now steadily tackled by a software called Digital Rights Management (DRM). The software provides all time protection internally and externally of corporate firewalls.

A market research report, "Digital Rights Management - An Industry Outlook (2005-2008)" studies the increasing worldwide demand for online protection rights and thereby demand for digital rights management software. The latter is expected to touch a peak of US $3.6 billion by 2008 along with a growth rate of 106.1%.

According to our analysts, in 2004, 138 US companies suffered a loss of US $35 to $39 billion annually on account of theft of intellectual property and corporate leaks. As a result there has been an established use of DRM to control leakage of authorized and authenticated digital content and create an audit trail to identify inappropriate or illegal use. The market research report views that 'security leaks' were becoming a threat to entertainment and digital publishing industry and solutions to the same were being blocked by the absence of a standard content protection system.

A significant outcome of DRM technologies is that end-users are more cautious about restriction to access and use of information. Thus a prime objective of DRM users is to create a balance between appropriate compensation to creators of digital content and the rights of end-users.

Related News from Mi2N:
» Intellectual Property Still Remains A Huge Difficulty For US Companies Who Suffered A Loss Of From $35 To $39 Billion In 2004


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