Digital Asset Management Market Is Booming Worldwide | Adobe; OpenText; MediaBeacon; Aprimo; Bynder; Widen; Cognizant; CELUM; Canto

Digital Asset Management Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global digital asset management market is expected to grow from $3.60 billion in 2020 to $4.30 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%.

Top leading Companies Profiled in Digital Asset Management Market Report are Adobe; OpenText; MediaBeacon; Aprimo; Bynder; Widen; Cognizant; CELUM; Canto; Northplains; Oracle Corporation; IBM Corporation; Nuxeo; Digizuite; Cloudinary; MediaValet; Extensis; QBNK Holding AB; Dell Technologies; IntelligenceBank; Sitecore; Wedia; Censhare; BrandMaker; Brandfolder; Bright; MarcomCentral; Filecamp; Webdam Inc.

Markets Segmentation:

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; Others

5) By End User: Media and Entertainment; BFSI; Retail; Healthcare; Automotive and Manufacturing; Others

Market Overview

The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $7.96 billion in 2025 at a CAGR of 16.6%

The digital asset management (DAM) market consists of sales of digital asset management (DAM) solutions by entities (organizations, sole traders, and partnerships) that improve productivity and efficiency by removing the need to request assets each time. Digital asset management (DAM) is a software-based solution that allows organizations to store, retrieve, and use digital assets quickly. Digital assets are files like videos, music, photos, documents, and other media containing the rights to use them. DAM is an organization's content sharing and storage solution.

The main types of digital asset management are solutions and services. The solutions allow users to develop, manage, distribute, monitor and locate digital assets while still managing the creative process. The various deployment modes include on-premises and cloud and are employed in different enterprise sizes such as large enterprises and small and medium-sized enterprises (SMEs). It is used in sales, marketing, IT, photography, graphics and designing, others and is implemented in various verticals such as media and entertainment, BFSI, retail, healthcare, automotive and manufacturing, others.

News and Latest Developments

In April 2021, Hyland Software, a US-based software company acquired Nuxeo for an undisclosed amount. Through this acquisition, Nuxeo reinforces Hylands commitment to cloud-native platforms and open-source communities while expanding its global footprint with additional team members, customers, and partners. Nuxeo is a US-based company that offers digital asset management solutions.

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Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

North America was the largest region in the digital asset management market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Technological advancement is a key trend shaping the digital asset management (DAM) market. Major companies operating in the digital asset management (DAM) sector are focused on developing technologically advanced solutions for digital asset management (DAM). For instance, in July 2020, Sitecore, a US-based software company launched version 3.4 of its Sitecore Content Hub solution, which includes new and improved workflow and third-party integration capabilities. Sitecore Content Hub version 3.4 adds artificial intelligence (AI) and video technologies to its Digital Asset Management (DAM) platform, allowing for the automated production of metadata and transcripts for video, as well as time and range-based annotation, cropping, and subtitles.

Key Takeaways from Digital Asset Management Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Digital Asset Management market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Digital Asset Management market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Digital Asset Management

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In conclusion, the Digital Asset Management market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Digital Asset Management Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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