openPR Logo
Press release

Digital Asset Management Market Current and Future Trends, Leading Players, and Regional Forecast By 2032

10-31-2022 02:10 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Digital Asset Management Market

Digital Asset Management Market

The global digital asset management market is anticipated to reach a valuation of US$ 11.4 Bn by 2032 from US$ 4.3 Bn in 2022, rising rapidly at a CAGR of 10.3% throughout the forecast period.

Increased digitalization of content and the requirement for effective corporate asset collaboration, the advent of cloud-based delivery options, and the growing demand for limited access and greater protection of digital assets to avoid copyright issues are all projected to drive the digital asset management industry forward.

Request Sample Report @ https://www.persistencemarketresearch.com/samples/33052

Furthermore, the rising demand for data integrity and the growing trend of integrating encryption technologies with digital solutions to facilitate safe digital commerce are projected to provide sufficient prospects for a rise in the sales of digital asset management.

Digital asset management adoption has been boosted by the growing demand for collaborative digital workflow, particularly for marketing and sales activities. The increased need for digital asset protection to avoid copyright concerns is driving the demand for digital asset management systems.

The demand for bettering digital assets while lowering operational expenses is projected to propel the digital asset management market size forward.

Although digital asset management solutions have numerous advantages, the initial deployment and lifetime license expenses for managing digital assets should not be overlooked. Although the overall cost of a digital asset management license and implementation rises as the number of users per account and storage capacity grows.

Furthermore, many SMEs are hesitant to use digital asset management systems due to the uncertainty around support service costs, digital asset management limits, and other minor capabilities.

As per the recent digital asset management market study by Persistence Market Research, while selecting digital asset management solutions, businesses search for AI and machine learning capabilities. Companies can use AI-based digital asset management solutions to automate image tagging, which is the process of assigning keywords or information to digital assets, including files, images, text, and videos, based on what they contain.

This automated tagging allows digital assets to be quickly identified, segmented and retrieved. Digital asset management solutions can also use AI to extract metadata from digital assets, conduct forensic investigations, and evaluate the conformance nature of digital assets to ensure that users are not using copyrighted content.

Buy Report Now @ https://www.persistencemarketresearch.com/checkout/33052

Key Takeaways

By 2027, Asia Pacific is predicted to become a major regional player in the digital asset management business. This is due to Southeast Asian entrepreneurs' increasing emphasis on exploiting cutting-edge technologies to maintain consistent contact with clients.
MSMEs, which account for more than 90% of ASEAN establishments, are investing heavily in AI and other technologies to accelerate digital transformation, which is expected to increase the demand for digital asset management software in the APAC region.
By 2027, the hybrid sector is anticipated to have a significant proportion of the digital asset management market based on deployment. This is owing to businesses' significant focus on developing productive post-pandemic work environments, with hybrid working expected to have a revolutionary and long-term impact on firms.
The US digital asset management market size is projected to rise at a CAGR of 10% throughout the forecast period.

Competitive Landscape

Cognizant Technology Solutions Corp, Oracle Corporation, CELUM GmbH, Adobe Systems Incorporated, Cloudinary Ltd, and IBM Corporation are among the leading participants in the digital asset management market. To grow their footprints in this market, they have used various techniques such as expansions, agreements, new product releases, joint ventures, acquisitions, partnerships, and others.

Request for Customization @ https://www.persistencemarketresearch.com/request-customization/33052

Recent Developments

Cloudinary Ltd introduced the Cloudinary Media Optimizer in March 2021, a new product that automates image and video optimization and provides the most suitable photos and videos in format and quality.

Cognizant bought Magenic Technologies in January 2021, bolstering its digital engineering expertise. Hundreds more engineers in the United States and the Philippines are likely to be added to Cognizant's global software product engineering network as a result of this acquisition.

Adobe released AEM Assets Part 2 in November 2021, which includes DAM deployment best practices in action. Every day, Adobe's professional services teams assist customers in architecting, developing, and deploying digital marketing solutions. It also offers advice on how to get the most out of consumers' digital assets while protecting the brand.

Key companies profiled

Adobe
OpenText
Cognizant
Aprimo
Bynder

Key Segments:

By Component

Solutions
Services
Consulting
Integration and Implementation
Training, Support and Maintenance

By Component

Human Resource
Sales & Marketing
IT

By Deployment Model

On-premise
Cloud

By Organization Size

SMEs
Large Enterprises

By Vertical

Government & Public Sector
Healthcare
IT & Telecom
Manufacturing
Retail & eCommerce
Media and Entertainment
Travel and Hospitality
BFSI

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Asset Management Market Current and Future Trends, Leading Players, and Regional Forecast By 2032 here

News-ID: 2785184 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Digital

Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft. In today's world, it can be tough for content creators and publishers to make money and connect with their audience. At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031. Industry Overview Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025. North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect. Get Sample Copy of this Report -