The Digital Asset Management Market is expected to grow rapidly, with a predicted valuation of about $22,139.2 million by 2031 and a healthy compound annual growth rate (CAGR) of 17.2% from 2021 to 2031. The exponential growth of data generation as a result of content’s increasing digitization, the advent of cloud-based distribution choices, and the rising demand for controlled access and improved security of digital assets are some of the major drivers driving the market expansion.
Data generation has increased at a never-before-seen rate as a result of the swift digital transformation that is being seen across industries. Organisations are using digital platforms more and more to create, store, and manage their digital assets, including documents, media files, photos, and videos. Due to the digitalization of content, there is a vast amount of data that needs to be effectively managed and organised. For organisations to ensure quick access and effective workflows, digital asset management systems offer a centralised platform for storing, cataloguing, and retrieving these materials.
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The market for digital asset management has grown significantly as a result of cloud-based distribution alternatives. Businesses now have scalable, economical, and secure options for managing their digital assets thanks to the introduction of cloud computing technologies. Organisations are able to streamline their content management procedures because to the flexibility, remote access, and seamless collaboration offered by cloud-based digital asset management technologies. Digital asset management systems are now widely used across a variety of industries thanks to the accessibility and simplicity provided by cloud-based solutions.
Furthermore, the demand for robust digital asset management systems has increased as a result of the growing requirement for regulated access and greater security of digital assets. Protecting valuable digital assets from unauthorised access, copyright violations, and data breaches is a growing area of concern for organisations. For the integrity and confidentiality of digital assets, digital asset management platforms provide cutting-edge security features like user authentication, permission-based access restrictions, encryption, and digital rights management (DRM). Secure digital asset management solutions must be used by enterprises all over the world as worries about data privacy and security grow.
Highlighted with 85 tables and 92 figures, this 174-page report “Global Digital Asset Management (DAM) Market 2021-2031 by Offering (Solution, Services), System Type (Brand Asset Management, Library Asset Management, Production Asset Management, Others), Business Function (Sales & Marketing, HR, IT, Others), Deployment (On-premise, Cloud-based), Industry Vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global digital asset management market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
View Report Scope and Latest Developments in the Market:
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global digital asset management market in every aspect of the classification from perspectives of Offering, System Type, Business Function, Deployment, Industry Vertical, Organization Size, and Region.
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Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- DAM Solution
- DAM Services
o Deployment and Integration
o Support and Maintenance
o Consulting and Training
Based on System Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Brand Asset Management System
- Library Asset Management System
- Production Asset Management System
- Other System Types
By Business Function, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Sales & Marketing
- Human Resources (HR)
- Information Technology (IT)
- Other Business Functions
By Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- On-premise DAM
- Cloud-based DAM
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Media & Entertainment
- Banking, Financial Services & Insurance (BFSI)
- Government & Public Sector
- Healthcare & Life Sciences
- Retail and e-Commerce
- Manufacturing
- IT & Telecomm
- Automotive & Transportation
- Travel & Hospitality
- Other Industry Verticals
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Offering, Deployment, and Industry Vertical over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Adobe Inc.
Aprimo LLC (ADAM Software)
Bynder BV (Webdam Inc.)
Canto Inc.
CELUM GmbH
Cloudinary Ltd.
Cognizant Technology Solutions Corp.
Digizuite A/S
Extensis (Celartem Inc.)
IBM Corporation
MediaBeacon Inc.
MediaValet Inc.
North Plains Systems Corp.
Nuxeo SAS
OpenText Corporation
Oracle Corporation
QBNK Holding AB
Widen Enterprises, Inc.
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