Digital Asset Management Software Market Trends
Digital Asset Management Software offers an effective solution for organizations to share, store, organize, find and retrieve the digital files within the organization of from outside when needed. As the number of companies around the world are increasing and adopting new technologies and system for the data management, DAM software becomes a quite effective option to them. According to a recent study report published by the Market Research Future, The global market of Digital Asset Management Software is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016–2022).
The aspects such as growing demand for automating market activities and fulfilling multi-channel and multi-device communication requirement is fostering the demand for DAM software market.
One of the upcoming trends gaining traction is the increased adoption of analytics to manage digital assets. Digital asset management (DAM) software use analytical tools to manage digital assets in organizations. Digital content can be analysed using these tools for key business decision-making processes.
It is observed that the cloud deployment segment is projected to grow at the highest growth rate during the forecast period, due to the cost benefits and speed of deployment offered by cloud as compared to on-premises. However, the on-premises deployment segment is expected to account for the largest share of the market in 2017, as large enterprises prefer to store and manage their vital digital assets in their own infrastructure.
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Industry News
In May 2016, CELUM released the new update of its DAM software which will help in brand managers, sales representatives and photographers.
In February 2016, Celartem Inc. released the update of its DAM software for workgroup and organizations of all sizes.
March 21, 2017 — Adobe unveiled Adobe Experience Cloud, a comprehensive set of cloud services designed to give enterprises everything they need to deliver exceptional customer experiences. Comprised of Adobe Marketing Cloud, Adobe Advertising Cloud and Adobe Analytics Cloud, Experience Cloud is built on the Adobe Cloud Platform, leveraging Adobe Sensei’s machine learning and artificial intelligence capabilities. And because it’s from Adobe, Experience Cloud integrates with Adobe Creative Cloud and Document Cloud.
19 Apr 2017: IBM announced that international advertising and marketing agency Anomaly has adopted Aspera SaaS Platform along with Aspera Drive to power global creative collaboration and scalable digital asset management.
Digital Asset Management Software Global Market — Competitive Analysis
The market of Digital Asset Management Software appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Digital Asset Management Software Market Global Market — Segmentation
Segmentation by Component: Comprises solutions and service.
Segmentation by Application: Comprises enterprise, marketing, broadcast and publishing.
Segmentation by Deployment Type: Cloud and On-premise.
Segmentation by Organization Size: Small & Medium enterprises and large enterprises.
Segmentation by Organization Size: Media and Entertainment, BFSI, Consumer Goods and Retail, Manufacturing, Healthcare, Education, Travel and Tourism and Others
Segmentation by Region: North America, Europe, Asia Pacific, Rest of the World.
Digital Asset Management Software Market Global Market — Regional Analysis
North America is dominating the market of Digital Asset Management Software market. High adoption rate of cloud technology and high concern of government towards environment which includes save paper is supporting the market. Furthermore, China, Republic of Korea, India, and Japan are the leading countries leading in the Asia Pacific region. Additionally, Europe is expected to have a substantial growth of the Digital Asset Management Software market over the forecast period.
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Email: [email protected]Digital Asset Management Software Market Trends
The Global Digital Asset Management Software Market is an emerging market in the ICT Media sector at present years.
The report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.
The Global Digital Asset Management Software Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players.
Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.Digital Asset Management Software market is expected to reach US$ 9.2 Billion by the year 2026.The report contains some of the valuable information with regards to their outlook, in terms of their finances, product portfolios, investment plans, and business and marketing strategies.
Moreover, the report also comprises of the SWOT analysis, a business overview, and revenue generation information of the industry pioneers in the Global Digital Asset Management Software Market.Get a sample copy of research study @ https://www.alltheresearch.com/sample-request/100Scope of the report:The Global Digital Asset Management Software Market report provides an overview of the Digital Asset Management Software industry by studying various key segments and sub-segments, on the basis of specification, application, end-users, and geography.
The geographical analysis of the Global Digital Asset Management Software Market is on a global and regional scale, the result of which is used to evaluate the performance of the global market over the forecast period.Some of the leading competitors functioning in this market are: Adobe Systems Incorporated, Adgistics, Brandfolder, Bynder, Canto Inc., Cognizant Technology Solutions Corporation, Image Relay, Oracle Corporation, Third Light, Widen Collective and othersThe report focuses on the key developments in the global Digital Asset Management Software market, especially in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Digital asset management software, simply put, is an effective solution for companies to store, organize, share, retrieve, and find the digital files in the organization from outside as and when needed.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1196Various factors are propelling the global digital asset management software market share.
According to the recent MRFR report, such factors include growing demand among enterprises for managing digital assets, rising focus on digital marketing, the proliferation of digital content, increasing use of the remote working system during the COVID-19 pandemic, and demand for collaborative digital workflow for marketing activities and sales.
Additional factors adding market growth include reduction of operational price and the need to meet government mandates for maintaining the transparency of operations.
On the contrary, lack of capabilities and training to manage such advanced solutions, and high initial investment are factors that may limit the global digital asset management software market growth over the forecast period.
Regional Analysis Based on the region, the Digital Asset Management Software Market share report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW).
Digital Asset Management Software MarketDigital Asset Management Software offers a practical solution for organizations to share, store, organize, find and retrieve the digital files within the organization of from outside when needed.
As the number of companies around the world is increasing and adopting new technologies and system for the data management, Digital Asset Management Software becomes quite a useful option for them.Over the last few years, suppliers (Players) in the digital asset management market have been continually implementing the innovating ideas as a foray to improve the customer experience.
Acknowledging the impressive growth records, the market perceives, Market Research Future (MRFR) in its recently published study report asserts that the global Digital Asset Management Software market is expected to have a remarkable growth by 2022 registering a fabulous CAGR from 2016-2022.Businesses are shifting to cloud-based offerings from on-premise solutions, owing to the drag-and-drop functionality, mobile accessibility, and more intuitive services on-cloud deployment offers over on-premise offerings.
Market players are targeting companies of all sizes, offering affordable options for all business users and their digital asset needs.
These solutions offer low-cost options and the rapid deployment of services.
However, to ensure security, companies need to comply with government regulations.The report indicates that industries are gradually focusing on the digital medium to market their products.
Digital Asset Management Software Market ShareThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital Asset Management Software Market Share.
The growth sectors of the Digital Asset Management Software Market Share are identified with precision for a better growth perspective.The digital asset management software is growing rapidly, evolving pervasively mainly due to the extensive uptake of DAM solutions by the increasing number of companies, worldwide.
Moreover, factors such as the huge technological advancements that allow rapid deployment of services of these low-cost solutions escalate the market on the global platform.Acknowledging the pace at which the market is climbing up pervasively, Market Research Future (MRFR) in its recently published study report asserts that the global digital asset management software market will garner exponential accruals by 2022, registering a striking CAGR throughout the forecasting period (2016 – 2022).Due to the more intuitive services that on-cloud deployment offers in comparison with the on-premise, such as drag-and-drop functionality, mobile accessibility, and others, enterprises are rapidly shifting to cloud-based offerings from on-premise solutionsIndustries are gradually focusing on the digital platform to market their products.
The popularity of the Internet and the widespread use of smart, connected, and mobile devices alongside the increasing online usages are encouraging the businesses to consider DAM solutions as an add-on factor to boost business development initiatives.The media & entertainment sector has already been using digital asset management software solutions to manage massive digital content.
Enterprises continue to leverage the DAM solutions with technologies such as next-generation interactive services, SEO, and mobility.Global Digital Asset Management Software Market – SegmentationsThe report has been segmented into four key dynamics for enhanced understanding.By Deployment : On-cloud, On-premise, and others.By End-Users : BFSI, Entertainment, Education, and Manufacturing industry among and other industries.By Organizational Size : SMEs (Small organizations & Medium organizations) and large organizations.By Regions : Asia Pacific, North America, Europe, and Rest-of-the-World.Digital Asset Management Software Regional AnalysisThe North American region is expected to continue leading the global DAM software market for creating a larger revenue pocket.
Factors such as the high adoption rate of cloud technology, technological development, and the presence of several key players that can offer cutting-edge technologies substantiate the market growth in the region.Besides, substantial investments transpired into the field alongside the governmental initiatives towards growing environmental concerns such as save paper, green earth, and others are fostering the growth of the regional market.
