Digital Asset Management Market – Growth, Trends, COVID-19 Impact and Forecasts (2023-2029)

Digital Asset Management Market was valued at US$ 13.13 Bn. in 2029. The Global Digital Asset Management Market size is estimated to grow at a CAGR of 13.5% over the forecast period.
Digital Asset Management Market Overview:
Digital Asset Management Market report gives appropriate data about a present market framework, increasing trends in digitalization streamlines asset management and optimize the production of rich media, particularly within sales and marketing organization, by creating a centralized management system for the digital asset, identify drivers and challenges. Report also forecast the market size in values and categorize on the basis of deployment type, application, and regional distribution to recognize and examine the key players which are already in Digital Asset Management system.

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Digital Asset Management Market was valued at US$ 13.13 Bn in 2029. The Global Market size is estimated to grow at a CAGR of 13.5% over the forecast period.
Digital Asset Management Market Overview:
Market report gives appropriate data about a present market framework, increasing trends in digitalization streamlines asset management and optimize the production of rich media, particularly within sales and marketing organization, by creating a centralized management system for the digital asset, identify drivers and challenges. Report also forecast the market size in values and categorize on the basis of deployment type, application, and regional distribution to recognize and examine the key players which are already in market system.
Digital Asset Management Market Dynamics:
With dynamic buyer conduct, the quantity of advanced resources and speed of computerized resource improvement is rising fundamentally across associations. With such a staggering growth in computerized resource volume, organizations are progressively relocating to the cloud for the capacity of their advanced resources. This has prompted the entry of new cloud-based DAM arrangement suppliers and constrained customary on-premises DAM arrangement suppliers to develop their answers for cloud stages.

Man-made brainpower (AI) has altered the way the way that most computerized arrangements work. Henceforth, while picking DAM arrangements, organizations search for AI and ML abilities. Artificial intelligence based DAM arrangements assist organizations with mechanizing picture labelling, i.e., the task of catchphrases or metadata to computerized resources, like records, pictures, text, and recordings in view of what they contain. This computerized labelling empowers speedy ID, division, and recovery of advanced resources. Man-made intelligence additionally assists DAM arrangements with extricating metadata from the advanced resources, to perform legal investigation and evaluate the agreeable idea of computerized resources, which guarantee that the clients are not utilizing any satisfied exposed to copyrights.

Metadata is basic to any DAM framework, as it helps DAM clients to rapidly find and recover the resources they require. In spite of the fact that, with regards to utilizing freely accessible advanced resources, like pictures, text, and other computerized content, the absence of metadata might make organizations be exposed to copyright encroachment claims. To keep away such issues, organizations need to survey that they have computerized resources containing a lot of metadata to make their DAM frameworks work. This includes bunches of manual work and expert abilities. Many DAM organizations additionally give counselling, combination, and execution administrations to help their clients in their DAM execution venture. Additionally, considering the upsides of DAM frameworks and the help being given by the DAM suppliers, such difficulties are brief.
COVID-19 impact on Digital Asset Management-
With the continuous work from home situation, worldwide lockdowns, and financial vulnerabilities brought about by COVID-19.They are improving their current items through coordinated efforts and item advancements. The shift from on-premises to cloud-based arrangements, a consistent advanced change, and a flood popular for secure computerized resource the executives during the COVID-19 have given sufficient chances to merchants of this market.

Digital Asset Management Market Trends:

• Cloud market (DAM) democratizes computerized media the board and conveyance across an endeavor. Cloud DAM additionally vows to decrease the expense of tasks and increment efficiency while giving a solitary wellspring of truth to keep up with brand character.

• Cloud market influences front-end encounters.

• The AI use cases for DAM incorporate optical person acknowledgment, discourse acknowledgment, and facial acknowledgment
Digital Asset Management Market Segment Analysis:
Based on Type, the Global Market is segmented into on-premises and cloud. Cloud type has 64% market share in 2022, as it is more secure than on-premises. Cloud contains more governance measures, which means less risk for hackings which is useful for any organization.
Regional Insights:
The North America region held the largest market share accounting for 40% in 2022. The North American DAM market is now full grown for DAM arrangements, attributed to North America's solid financial scene, early reception of cutting edge innovations, and high advanced reception at working environments to further develop business processes.The area is home to a few little as well too settled DAM arrangement suppliers, like Adobe, OpenText, Aprimo, Bynder, Cognizant, and Widen which are among the vital driving variables for the development of the DAM market in the region.

The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Market dynamic, and structure by analyzing the market segments and projecting the Global Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
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Digital Asset Management Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 5.41 Bn.


Forecast Period 2023 to 2029 CAGR:
13.5%
Market Size in 2029:
US $ 13.13 Bn.


 Segments Covered:
by Type
On-premises
Cloud


by Application
Automotive and Manufacturing
BFSI
Healthcare
Retail and e-commerce



Digital Asset Management Market by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. CognizantTechnologySolutionsCorp
2. Oracle Corporation
3. CELUM GmbH
4. Adobe Systems Incorporated
5. Cloud nary Ltd
6. IBM Corporation
7. HP
8. Canto, Inc
9. Media beacon, Inc
10. Webdam
11. Mediavalet,Inc
12. Adobe
13. OpenText
14. Aprimo
15. Bynder
16. Sitecore
17. Widen

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Digital Asset Management Market?
Ans. The North America region is expected to hold the highest share in the Digital Asset Management Market.

2] What is the market size of the Digital Asset Management Market by 2029?
Ans. The market size of the Digital Asset Management Market by 2029 is expected to reach nearly US$ 13.13 Bn.

3] What is the forecast period for the Digital Asset Management Market?
Ans. The forecast period for the Digital Asset Management Market is 2023-2029.