Digital Asset Management Market Analysis With Key Players, Applications, Trends And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Digital Asset Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $12.29 billion In 2028 At A CAGR Of 16.8% :

The digital asset management market size has grown rapidly in recent years. It will grow from $5.72 billion in 2023 to $6.6 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to content creation and distribution needs, brand consistency and identity, regulatory compliance requirements, rise in visual content.

The digital asset management market size is expected to see rapid growth in the next few years. It will grow to $12.29 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to demand for video and rich media management, personalization and dynamic content delivery, focus on user experience (UX) design. Major trends in the forecast period include automated workflow orchestration, facial and object recognition for asset management, real-time analytics and reporting, compliance and governance features, mobile accessibility and collaboration.

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Digital Asset Management Market Major Segments
The digital asset management market covered in this report is segmented -

1) By Type: Solution, Services
2) By Deployment Type: On-Premises, Cloud
3) By Enterprise Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) By Application: Sales, Marketing, IT, Photography, Graphics and Designing, Other Applications
5) By End User: Media and Entertainment, BFSI, Retail, Healthcare, Automotive and Manufacturing, Other End Users

Key Driver - The Rise Of Cloud-Based Digital Asset Management Solutions

The increasing prevalence of cloud-based digital asset management (DAM) solutions is projected to propel the growth of the digital asset management (DAM) market. Cloud-based digital asset management (DAM) is a platform that enables businesses to handle, store, and organize their resources in a cloud-based environment. Any organization that uses resources for packaging, marketing, advertisement, or any other business-related activity would benefit from a cloud DAM. For instance, in December 2021, according to a survey conducted by O'Reilly Media Inc., a US-based learning company, out of 2,834 global respondents, 90% revealed their organizations currently employ cloud-based applications. Looking ahead, 48% plan to shift over half of their apps to the cloud within the next year, with 20% aiming for a complete migration to cloud-based solutions. Therefore, the increasing prevalence of cloud-based digital asset management (DAM) solutions drives the digital asset management (DAM) market growth.

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Prominent Trend - Blueprint Unveils Cutting-Edge Dam Platform For Streamlined Digital Asset Management

Major companies operating in the digital asset management are launching new next-generation platform to increase their profitability in the market. A next-generation digital asset management (DAM) platform refers to an advanced and innovative solution designed to efficiently organize, store, retrieve, and distribute digital assets within an organization. For instance, in August 2023, Blueprint, a UK-based digital asset management solutions provider launched next-generation digital asset management platform designed to centralize data, insights, and tools. It enables investors, builders, and service providers to efficiently oversee, manage, and enhance their portfolios. It aims to simplify digital asset portfolio management by addressing fragmentation in the industry, streamlining the complex staking process for users. The platform currently facilitates 10 blockchain networks and operates on proprietary nodes at zero cost to users. Blueprint is creating an all-encompassing blockchain platform integrating L1s for both fungible and non-fungible assets, aggregating data from various sources. The focus is on simplifying staking through step-by-step guides and providing comprehensive support for staked assets, including the ability to view historical snapshots by rewinding time.

Digital Asset Management Market Players
Major companies operating in the digital asset management market report are Dell Technologies Inc., IBM Corporation, Oracle Corporation, Cognizant Technology Solutions Corporation, Adobe Inc., OpenText Corporation, Bynder B.V., Sitecore Corporation A/S, Aprimo LLC, Cloudinary Ltd., Censhare AG, CELUM GmbH, WoodWing Software BV, Brandfolder Inc., Wedia SA, Widen Enterprises Inc., MarcomCentral, Canto Inc., Celartem Inc., BrandMaker GmbH, MediaValet Inc., Nuxeo Corporation, Digizuite A/S, Bright Interactive Holdings Ltd., IntelligenceBank Pty. Ltd., North Plains Systems lnc., MediaBeacon Inc., Webdam Inc., QBNK Holding AB, Filecamp ApS, Picturepark AG, Daminion Software, Image Relay Inc., MerlinOne Inc., Pimcore GmbH, Third Light Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the digital asset management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Asset Management Market Report Structure
3. Digital Asset Management Market Trends And Strategies
4. Digital Asset Management Market - Macro Economic Scenario
5. Digital Asset Management Market Size And Growth
…..
27. Digital Asset Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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