Digital Asset Management Market 2023 Driving Factors Forecast Research 2029

Digital asset management (DAM) market is anticipated to grow at a considerable CAGR of 20.4% during the forecast period. The growing focus on enhancing digital experience of customers among enterprices is a key factor driving the growth of the global market. In September 2023, SIBOS- Citi Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and smart contracts into Citi's global network, upgrading core cash management and trade finance capabilities. The increasing use of DAM is driving the global market.

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In February 2023, Deutsche Bank Singapore and Memento Blockchain have completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per the report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator or through a built-in marketplace. The rising participation of BFSI sector in DAM is a key contributor to the global market growth.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Digital Asset Management Market by Offering
o Services
o Software

Global Digital Asset Management Market by Deployment Mode
o On-Premise
o Cloud-Based

Global Digital Asset Management Market by End-User
o Media & Entertainment
o BFSI
o Government
o Healthcare
o Retail
o Manufacturing

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Acquia, Inc.
o Amplifi.io
o Aprimo Inc.
o Branfolder Inc.
o Bynder LLC
o Bynder(Webdam Inc.)
o Celartem, Inc. (Extensis)
o Cloudinary Ltd.
o Digizuite A/S
o Extensis (Celartem Inc.)
o IBM Corp.
o IntelligenceBank Pty Ltd.
o MediaBeacon Inc. (R3volution)
o Nuxeo (Nuxeo Platform)
o OpenText Corp. (Media Management, MediaBin)
o Widen (Digital Asset Management)

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global digital asset management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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