Digital Asset Management Market Share, Size 2020: Global Industry Demand, Key Findings, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2024
Posted on Dec 11 2019 6:15 AM
"Digital Asset Management Market 2020 provides an analytical overview of the market that will help to the new and existing player to take an important decision. "
Global Digital Asset Management Market 2020 report is a professional and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
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Digital Asset Management Market report incorporates distinctive market figures identified with market size, share, Growth, CAGR, cost, and other key elements. It is set up with the utilization of industry-best essential and Secondary research viewpoint and apprises. The digital asset management market was valued at USD 1240.7 million in 2018, and it is expected to reach a value of USD 6,901.6 billion by 2024, at a CAGR of 34.1%, during the forecast period, 2019-2024. Artificial Intelligence, including facial recognition, has been introduced to the world of DAM.
One of the primary drivers for the digital asset management industry is the increased adoption of broadband internet, which is increasing the demand for specialized solutions in each industry. Customer engagement is emerging as the most effective method of customer retention, and mobile phones are the foundation of this trend. The number of connected devices is increasing, globally. With solutions, like interactive store windows, digital signage, and wearable devices, marketers are finding it difficult to create and deliver assets that offer consistent and compelling brand messages across the screens. A major driver for the adoption of digital asset management (DAM) solutions is the high return on investments. As a result, the spending by organizations for asset management is expected to increase, during the forecast period. Due to globalization and the increasing need to collaborate, there is a demand for better collaboration processes and access to digital assets. This has resulted in high demand for cloud-based digital asset management solutionsThe major challenges would be the lack of awareness in people and the higher cost of solutions, which may hinder the digital asset management market.
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Scope of the Report
The deployment of digital asset management helps companies develop solutions, wherein they can retrieve their digital assets faster and lay a foundation for targeted access across the teams and channels. The adoption of these solutions may further increase, due to the breaking down of the media enterprise into silos of data.
Key Market Trends
Increasing Adoption of Cloud Solutions is Expected to Drive the Digital Asset Management Market
- With the increasing adoption of various technologies, like artificial intelligence and big data analytics, and cloud-based DAMs, are widely used. The AI use cases for DAM include optical character recognition, speech recognition, and facial recognition. This has propelled the demand for cloud applications, which is growing continuously.
- Various companies, such as Cognizant Technology Solutions, MediaBeacon, and Bynder are into cloud-based digital asset management and helping the market to grow rapidly, as a majority of the end users are looking for cloud-based solutions.
- There is an additional benefit by having cloud deployments for DAM, such as the digital media content can be made accessible to everyone and can be delivered easily across an enterprise. For instance, Bynder, which is a cloud DAM provider focused on sync and share services, while managing very large (multi-gigabyte and terabyte) files.
Asia-Pacific to Witness the Fastest Growth Rate Over the Forecast Period
- Digital asset management is expected to see a significant investment in Japan over the forecast period. Multiple private Japanese organizations are expected to offer digital asset management solutions to banks, as well as other government and private industries.
- Moreover, Japan has officially recognized Bitcoin and digital currencies as money, which has resulted in an increase in the number of digital assets in Japan, thereby, proportionately boosting the demand for digital asset management solutions in this region.
- Additionally, there is a huge demand for digital asset management in India from the entertainment and media providers, due to complexities related to the content, language, and other regional requirements. Owing to this, digital asset management was widely adopted to cater to such complexities.
The major players in the digital asset management market are Cognizant Technology Solutions Corp, Oracle Corporation, Hewlett-Packard Company, Oracle Corporation, Adobe Systems Incorporated, Dell Technologies, and IBM Corporation, among others. The market is consolidated, as it is dominated by these major players. Hence, market concentration is expected to be high.
- April 2019 - HPE announced a universal translator for the Intelligent Edge, with its investment in PubNub, HPE hopes to bring new Intelligent Edge capabilities to the enterprise. Working together, the company is projecting to expand PubNub’s technology and value to a wider range of industries and applications.
- March 2019 - At Adobe Summit, Adobe and Microsoft revealed about Open Data Initiative (ODI) with the ambition of helping customers to create new connections across previously siloed data, more seamlessly garner intelligence, and ultimately better serve brands with an improved view of their customer interactions.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Key Features of Digital Asset Management Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the Digital Asset Management market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the Digital Asset Management market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the Digital Asset Management market.
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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Some of Toc Points in Digital Asset Management Market Report are:-
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increase in Number of Digital Assets
4.3.2 Integrating Digital Asset Management with Other Work Flow Solutions
4.4 Market Restraints
4.4.1 Lack of Awareness and Higher Costs of the Solutions
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Brand Asset Management Systems
5.1.2 Library Asset Management Systems
5.1.3 Production Asset Management Systems
5.2 By Solution
5.2.1 Video Management
5.2.2 Creative Tool Integration
5.2.3 Asset Analytics
5.2.4 Web Content Integration
5.2.5 Brand Portals
5.2.6 Asset and Metadata Archiving
5.2.7 Lifecycle and Rights Management
5.3 By Deployment
5.4 By Organization Size
5.4.1 SMEs (Small and Medium Enterprises)
5.4.2 Large Enterprises
5.5 By End User
5.5.1 Media and Entertainment
5.5.7 Other End Users
5.6.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.6.4 Rest of the World
184.108.40.206 Latin America
220.127.116.11 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Adobe Systems Incorporated
6.1.2 Canto Inc.
6.1.3 CELUM GmbH
6.1.4 Cognizant Technology Solutions Corp.
6.1.5 Oracle Corporation
6.1.6 Hewlett-Packard Enterprise Co.
6.1.7 OpenText Corporation
6.1.8 QBNK Holding AB
6.1.9 Aprimo LLC (ADAM Software)
6.1.10 Bynder(Webdam Inc.)
6.1.11 Dell Technologies
6.1.12 MediaBeacon Inc.
6.1.13 Widen Enterprises Inc.
6.1.14 IBM Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDSAnd Continued…
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