According to the recent report by IMARC Group, titled “Digital Asset Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global digital asset management market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2027, exhibiting at a CAGR of 19.2% during 2022-2027. Digital asset management (DAM) represents a software-based solution that is used by organizations for storing, organizing, sharing, and retrieving digital assets at a centralized location. These assets generally include engineering blueprints, processed data files, text documents, web pages, audios, videos, graphics, etc. Furthermore, DAM solutions lead to an enhancement of team creativity by automating workflow, quick retrieval of media files and backup, permission management, etc., via copyright functionalities and streamline cloud experience. Consequently, they find wide-ranging applications across several industries, such as banking, financial services and insurance (BFSI), retail, manufacturing, information technology (IT), etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Digital Asset Management Market Trends:
The widespread adoption of cloud-based services is primarily driving the digital asset management market. In addition to this, the escalating demand for workflow collaboration and automation is augmenting the utilization of DAM solutions to maintain transparency of operations, improve digital content, reduce overall operational costs, etc., which is further catalyzing the market growth. Moreover, digital asset management software offers numerous benefits, such as real-time access to digital content across different departments, risk reduction of organizational data and asset misuse, user-friendly interface, etc. This, in turn, is stimulating the global market. Additionally, the emerging trend of digitization is acting as another significant growth-inducing factor. Besides this, the introduction of various technological advancements, including artificial intelligence (AI), face recognition services, Internet of Things (IoT), etc., that offer improved access, higher scalability, and operational speed is anticipated to fuel the digital asset management market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cognizant Technology Solutions
- OpenText Corporation
- Adam Software
- Canto Inc.
- Celum
- North Plains Systems
- Mediabeacon Inc.
- IBM Corporation
- Widen Enterprises Inc.
- Oracle Corporation
- QBank
- Webdam Inc
Breakup by Component:
- Solution
- Services
- Consulting
- System Integration
- Support and Maintenance
Breakup by Type:
- Brand Asset Management System
- Library Asset Management System
- Production Asset Management System
Breakup by Application:
- Sales and Marketing
- Broadcast and Publishing
- Others
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Deployment:
- On-premises
- Cloud
Breakup by End-Use Sector:
- Media and Entertainment
- Banking, Financial Services and Insurance (BFSI)
- Retail
- Manufacturing
- Healthcare and Life Sciences
- Education
- Travel and Tourism
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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