According to a research report "Digital Asset Management Market by Offering (Solutions and Services), Business Function (Marketing & Advertising, Sales & Distribution, Finance & Accounting), Organization Size, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the Digital Asset Management Market is expected to grow from USD 5.3 billion in 2024 to USD 10.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. The growing number of digital assets across industries will boost the growth of the digital asset management market during the forecast period.
By offering, the solutions segment will hold a larger market size during the forecast period.
Digital asset management (DAM) solutions are software platforms designed to centrally store, organize, manage, and distribute digital assets such as images, videos, documents, and creative files. These solutions provide organizations with efficient workflows for uploading, tagging, searching, and sharing digital assets, facilitating collaboration, and improving productivity across teams and departments. DAM platforms typically offer features such as metadata management, version control, rights management, automated workflows, and integration with other software systems. For instance, AI and ML are transforming DAM platforms by automating metadata tagging, content analysis, and search functionalities, improving efficiency and productivity. Blockchain technology is also gaining traction in DAM to address asset ownership, authenticity, and rights management issues. By leveraging blockchain, DAM platforms can provide immutable records of asset ownership and track usage rights, ensuring the integrity and provenance of digital assets.
By vertical, the media & entertainment segment holds the largest market share during the forecast period.
The growing demand for video content in the media & entertainment industry drives the adoption of DAM solutions. DAM solutions have emerged as essential tools for streamlining workflows, enhancing collaboration, and maximizing the value of digital media assets. According to a report by Cisco, by 2024, global IP video traffic will account for 82% of all IP traffic. Moreover, DAM solutions facilitate collaboration among geographically dispersed teams. With team members spread across locations, a cloud-based DAM system enables seamless sharing and collaboration on scripts, storyboards, and audiovisual assets. According to a survey conducted by Canto, a DAM software provider, 94% of respondents reported that DAM solutions had improved their team's efficiency and productivity. Furthermore, DAM solutions assist media organizations in managing rights and royalties associated with digital assets.
By Region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing rapid digital transformation, with businesses across industries embracing digital technologies to drive growth and innovation. Emerging markets in Asia Pacific, such as India, China, and Southeast Asia, are witnessing rapid economic growth and technological advancement, driving increased adoption of DAM solutions among businesses seeking to capitalize on digital opportunities. Small and medium-sized enterprises (SMEs) in these markets increasingly invest in DAM solutions to improve operational efficiency and enhance brand visibility. Asia Pacific is home to a thriving media & entertainment industry, with the popularity of streaming services, social media platforms, and digital content consumption on the rise. Media companies, broadcasters, and content creators are leveraging DAM solutions to manage vast libraries of digital assets, streamline content production workflows, and deliver engaging experiences. For instance, Kakao Corporation, a leading South Korean technology company known for its messaging app KakaoTalk, utilizes DAM solutions to manage digital assets related to its various products and services. With millions of users accessing Kakao's platforms daily, efficient content management is essential for delivering personalized experiences and maintaining user engagement. As businesses in the region continue to embrace digitalization and leverage digital assets to drive growth and innovation, DAM solutions will play an increasingly important role in enabling efficient content management and digital transformation across diverse sectors.
Key Players
Some of the key players operating in the Digital Asset Management Market are – Adobe (US), OpenText (Canada), Cognizant (US), Aprimo (US), Cloudinary (US), Bynder (Netherlands), Hyland (US), Acquia (US), Frontify (Switzerland), Veeva Systems (US), Sitecore (US), Esko (Belgium), Celum (Austria), Photoshelter (US), Wedia (France), Extensis (US), Orange Logic (US), Intelligence Bank (Australia), MarcomCentral, Filecamp, Brandfolder (US), Pickit (Sweden), MediaValet (Canada), and Storyteq (Netherlands).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Digital AsSEt Management market research report now available with Market Study Report, LLC, is a compilation of pivotal insights pertaining to market size, competitive Analysis, geographical outlook, contender share, and consumption trends of this industry.
The report also highlights the key drivers and challenges influencing the revenue graph of this vertical along with strategies adopted by distinguished players to enhance their footprints in the Digital AsSEt Management market.Digital AsSEt Management market imparts a deep understanding of this industry vertical with key emphasis on the market dynamics and projected returns over the forecast period.Global digital asset management market is expected to rise to an estimated value of USD 11.65 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.
This rise in market value can be significant surge in the usage of digital marketing practices along with a rise in the creation of digital assets.Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Digital AsSEt Management Market which would mention How the Covid-19 is affecting the Digital AsSEt Management Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Digital AsSEt Management Players to Combat Covid-19 Impact.Get Sample PDF of Digital AsSEt Management Market Report (including COVID19 Impact Analysis) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-digital-asset-management-marketMarket Drivers and Restraints:Increased demand for these services as a software service, rather than on-cloud; this factor is expected to drive the growth of the marketGrowing levels of prevalence of IoT in the various end-use industries resulting in significant usage of innovative technologies; this factor is expected to drive the growth of the marketIncreased usage of this technology from the media & entertainment, retail market which is expected to foster growth in the marketAdvancements in the market resulting in combining the technology with other technological offerings for business operationsLack in preference of these services as major brands and organizations prefer the conventional methods; this factor is expected to restrain the market growthLarge levels of costs for the cloud-based services coupled with concerns regarding privacy of data over these services; this factor is expected to restrain the growth of the market’Inadequate availability of technically skilled professionals required for the proper integration and maintenance of these services, is expected to hinder the growth of the market Key Players: Global Digital AsSEt Management MarketAprimo LLC; Adobe; OpenText Corp.; CELUM; MediaBeacon, Inc., An Esko Company; Canto, Inc.; Bynder; Widen; Northplains; MediaValet Inc.; Cognizant; Dell Inc.; Hewlett Packard Enterprise Development LP; IBM Corporation; Oracle; SAS Institute Inc.; CampaignDrive; Workfront, Inc.; Adgistics; Amazon Web Services, Inc.; Bright; Brandworkz Ltd.; Celartem, Inc. dba Extensis; globaledit; SHIFT; MerlinOne; Nuxeo; Vision Information Transaction AG; Montala Limited; QBNK Holding AB (publ) MAJOR TOC OF THE REPORTChapter One: Digital AsSEt Management Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Digital AsSEt Management Market Competition, by PlayersChapter Four: Global Digital AsSEt Management Market Size by RegionsChapter Five: Global Digital AsSEt Management Market Revenue by CountriesChapter Six: Global Digital AsSEt Management Market Revenue by ComponentChapter Seven: Global Digital AsSEt Management Market Revenue by ProductChapter Eight: Global Digital AsSEt Management Market Revenue by ApplicationChapter Nine: Global Digital AsSEt Management Market Revenue by Deployment TypeChapter Ten: Global Digital AsSEt Management Market Revenue by Organization SizeChapter Eleven: Global Digital AsSEt Management Market Revenue by VerticalGet Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-asset-management-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Digital AsSEt Management MarketAnalysis of market effect factors and their impact on the forecast and outlook of the global Digital AsSEt Management MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Digital AsSEt Management MarketA roadmap of growth opportunities available in the Global Digital AsSEt Management Market with the identification of key factorsThe exhaustive analysis of various trends of the Global Digital AsSEt Management Market to help identify market developmentsKey Questions Answered in Report:What is the key to the Digital AsSEt Management Market?What will the Digital AsSEt Management Market Demand and what will be Growth?What are the latest opportunities for Digital AsSEt Management Market in the future?What are the strengths of the key players?Access Full Report @ https://www.databridgemarketresearch.com/reports/global-digital-asset-management-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Digital Audio Workstation (DAWs) MarketIntegrated Platform as a SErvice (IPaaS) MarketHome Networking Device Market
