With the emergence and long-term Impact of COVID-19, Global Digital Asset Management Market to reach USD 15.84 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Digital Asset Management Market is poised to rise up to USD 15.84 Billion by 2030. Digital Asset Management (DAM) is a system or process used by organizations to store, organize, manage, and distribute digital assets effectively. Digital assets refer to any digital content that holds value to the organization, such as images, videos, documents, audio files, graphics, and other multimedia files.
DAM solutions help streamline the entire lifecycle of digital assets, from creation and ingestion to storage, retrieval, and distribution. Factors such as rising focus on enhancing the digital experience of customers among enterprises, increase in organizational focus on digital marketing, and growth in the need for controlled access and better security of digital assets to avoid copyright issues are the key factors that are contributing to the global market growth.
Geographically, the global Digital Asset Management market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the increasing volume of digital content, the presence of strict compliance and security regulations for managing sensitive content, and rising integration with marketing technologies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rise in adoption of cloud-based DAM solutions, the rapid expansion of AI and machine learning capabilities in DAM, as well as a surge in demand for video content are significantly propelling the market demand across the region.
The global Digital Asset Management market is highly competitive owing to the presence of several key manufacturers such as Open Text Corporation, North Plains Systems (Ignite Enterprise Software Solutions, Inc.), Oracle Corporation, Widen Enterprises Inc, Cognizant Technology Solutions Corporation, Hewlett Packard Enterprise (HPE) Development LP, Aprimo, and others.
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Key findings of the study suggest:
- Global Digital Asset Management Market is anticipated to grow with a healthy growth rate of more than 15.8% over the forecast period 2023-2030.
- In the Offering segment, Solution emerged out as the leading market segment in 2022.
- In the Deployment Mode segment, On Premises emerged out as the leading market segment in 2022.
- In the Business Function segment, Information Technology (IT) emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to increasing volume of digital content, the presence of strict compliance and security regulations for managing sensitive content, and rising integration with marketing technologies.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Offering:
- Solution
- Services
Deployment Mode:
- On Premises
- Cloud
Business Function:
- Human Resources (HR)
- Sales and Marketing
- Information Technology (IT)
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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