Digital Asset Management Market - Trends Forecast Till 2028

Digital Asset Management Market is segmented by Deployment (On-premise, Cloud (SaaS)), Organization Size (SMEs (Small and Medium Enterprises), Large Enterprises), End-User (Media and Entertainment, BFSI, Government, Healthcare, Retail, Manufacturing), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-IT-DAMM-911

Format:  

Number of Pages: 311

Domain: IT & Telecom

Digital Asset Management Market – Trends Forecast Till 2028

The digital asset management market was valued at USD 2,962.2 million in 2020, and it is expected to reach a CAGR of 19.96% during the period of 2021-2028.

The deployment of digital asset management is helping companies to develop solutions, wherein they can retrieve their digital assets faster and lay a foundation for targeted access across the teams and channels.

Urbanization and increase in residential construction, growing trends of smart homes, increasing demand for air conditioners, and significant growth in number of data centres and their power density are some of the factors that have supported long-term expansion for Digital Asset Management Market.

The COVID-19, the transition to the cloud has increased and companies have started using DAM solutions for streamlining storage, management, enrichment, delivery, and analysis of digital assets, which has further bolstered the growth of the market. Although declined usage by Small and Medium-sized Enterprises (SMEs) due to their increased investments in other collaboration technologies, falling profits, and less allocation of Information Technology (IT) budgets has somewhat hindered the growth of the DAM market.

Digital Asset Management Market Research Report

Asia-Pacific to Witness the Fastest Growth Rate Over the Forecast Period. India is considered a very demanding country to manage for the entertainment and media providers due to complexities related to the content, language, and other regional requirements. Owing to this, digital asset management was widely adopted to cater to such complexities.

Digital Asset Management Market is segmented into deployment, organization size, end user and region.

On the basis of Deployment

  • On-premise
  • Cloud (SaaS)

On the basis of Organization Size  

  • SMEs (small and medium sized enterprises)
  • Large enterprises

On the basis of End-User

  • Media and entertainment
  • BFSI
  • Government
  • Healthcare
  • Retail
  • Manufacturing

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Digital Asset Management Market Research Report

 

Key Players

  • Cognizant Technology Solutions Corp
  • Oracle Corporation
  • CELUM GmbH
  • Adobe Systems Incorporated
  • Cloudinary Ltd
  • IBM Corporation

Recent Developments

  • In September 2020, Nuxeo launched a next-generation Salesforce Connector to enhance the integration between the Nuxeo Platform and Salesforce Lightening and to facilitate better content management from within the Salesforce platform. The new features in the latest version of Salesforce Connector include simple drag-and-drop interface and embedded viewer for different digital content.
  • In July 2020, Sitecore released version 3.4 of its Sitecore Content Hub solution with new and streamlined capabilities for improving workflows and third-party integrations. The company also improved Web-to-Print capabilities in the product. As a part of the enhancement, Sitecore improved its DAM tool with AI and video capabilities to enable automatic generation of metadata and transcripts for video as well as to support time and range-based annotation, cropping, and subtitles.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Digital Asset Management Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 19.96% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

deployment, organization size, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Cognizant Technology Solutions Corp, Oracle Corporation, CELUM GmbH, Adobe Systems Incorporated, Cloudinary Ltd, and IBM Corporation

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