Digital Asset Management Forecast to 2022

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Digital Asset Management Forecast to 2022

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The Digital asset management market size is estimated to grow from USD 2.44 billion in 2017 to USD 5.66 billion by 2022, at an estimated CAGR of 18.3%. The Digital asset management market size is estimated to grow from USD 2.44 billion in 2017 to USD 5.66 billion by 2022, at an estimated CAGR of 18.3%. – PowerPoint PPT presentation

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Title: Digital Asset Management Forecast to 2022


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Digital Asset Management Forecast to 2022
25 Discount Valid Upto 31 Aug 2017
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Summary
  • The proliferation of digital content, increasing
    focus and spending on digital marketing, rising
    need for collaborative digital workflows,
    evolution of internet services, and emergence of
    IoT are driving the digital asset management
    market.
  • The Digital asset management market size is
    estimated to grow from USD 2.44 billion in 2017
    to USD 5.66 billion by 2022, at an estimated CAGR
    of 18.3.
  • This market is driven by factors such as
    increased adoption of IoT and the increasing
    proliferation of digital data contributed by
    mobile devices and computers in organizations.
  • On the other hand, lack of awareness and
    dependency on traditional approaches is expected
    to hinder the growth of the market during the
    forecast period.

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  • Consumer goods and retail segment is expected to
    hold the major market share during the forecast
    period
  • Consumer goods and retail industry has been
    witnessing digital transformation across the
    world.
  • With the increasing competition in online and
    offline retail industry, vendors are emphasizing
    on investing heavily in digital marketing to
    target large audience in less time.
  • This is likely to contribute largely to their
    digital assets and thus expected to create
    potential opportunities for DAM solutions and
    services in order to manage and optimize their
    digital assets.

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  • SMEs segment is expected to grow at the highest
    CAGR during the forecast period
  • The Small and Medium Enterprises (SMEs) segment
    is expected to grow at the highest CAGR during
    the forecast period.
  • Small enterprises face greater resource crunch
    than larger enterprises and require better
    methods to solve the complexities for better cost
    optimization on their business processes.
  • Implementing viable solutions for managing and
    maintaining metadata and digital assets are some
    of the major benefits that the small enterprises
    are experiencing through the adoption of DAM.
  • By using these managed services, SMEs are able to
    focus more on business operations than worrying
    about maintaining digital asset management cost.

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  • Asia-Pacific is expected to witness a high growth
    potential during the forecast period
  • North America holds the largest market share in
    2017 while APAC is the fastest-growing region in
    terms of CAGR.
  • Asia Pacific market is witnessing heavy
    commercial investment considering the untapped
    opportunities in the developing countries in the
    region.
  • Moreover, government initiatives to promote
    digitization in developing countries has led many
    large organizations to target their market in the
    in this region, Thus, aiding technological
    development and digitization in the region.
  • This is expected to create prospect opportunities
    for DAM vendors to explore in the coming years.

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  • In the process of determining and verifying the
    market size for several segments and subsegments
    gathered through secondary research, extensive
    primary interviews were conducted with the key
    people. The break-up of profiles of primary
    participants is given below as
  • By Company Type Tier 1 35, Tier 2 45, and
    Tier 3 20
  • By Designation C-level 35, Director-level
    25, and Others 40
  • By Region North America 45, Europe 20,
    APAC 30, and RoW- 5
  • The digital asset management ecosystem comprises
    major vendors such as Adobe Systems Incorporated
    (U.S.), OpenText Corporation (Canada), Celum
    (Austria), Mediabeacon, Inc. (U.S.), Canto, Inc.
    (U.S.), Widen (U.S.), Bynder (Netherlands),
    Northplains (Canada), Mediavalet, Inc. (Canada),
    and Cognizant (U.S.).

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  • Reasons to Buy the Report
  • From an insight perspective, this research report
    focuses on various levels of analysismarket
    share analysis of the top players and company
    profiles, which together comprise and discuss
    basic views on the competitive landscape
    emerging and high-growth segments of the digital
    asset management market and high-growth regions
    and their respective drivers, restraints,
    challenges, and opportunities.
  • The report will enrich both established firms as
    well as new entrants/smaller firms to gauge the
    pulse of the market, which in turn will help
    firms in garnering a greater market share.

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Full Report
Digital Asset Management Forecast to 2022
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