Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Digital Asset Management (DAM) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 16.2% during the review period (2022 to 2027).
Digital Asset Management (DAM) Market Overview
Development in demand for collaborative digital workflow especially for sales and marketing activities has encouraged end users to organize improved digital asset management solutions and services. Furthermore, rise in need for meeting government mandates to maintain transparency of operations, improvement in digital content, and reduction of operational costs are some of the main aspects that are expected to fuel the digital asset management market growth during the forecast period 2022-2027. Though, high initial investment and lack of skilled workforce are projected to limit end users to invest on digital asset management solutions and services.
The growing digitalization of content is the main feature in driving market growth. The increasing demand for combined digital workflow precisely for marketing and sales activities has boosted DAM adoption. The demand for digital asset management solutions is further driven by the rising need for digital assets' security to avoid copyright issues. The demand for improving digital assets with reduced operational costs will further excite the market growth.
Industry Developments:
April 27, 2021 - Adobe launched Adobe Experience Manager Assets Essentials to facilitate cross-team collaboration. Assets Essentials is a lightweight version of Adobe Experience Manager Assets that simplifies digital asset storage, discovery, and distribution across marketing and creative professional teams. Assets Essentials will be the default asset management experience across all Experience Cloud apps.
Who are the Major Players in Digital Asset Management (DAM) Market?
The Foldable Intermediate Bulk Containers (IBC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Adobe (US), OpenText (Canada), Cognizant (US), Aprimo (US), Bynder (US), Sitecore (US), Widen (US), MediaBeacon (US), CELUM (Austria), Nuxeo (US), Canto (US), Wedia (France), Digizuite (Denmark), censhare (Germany), Cloudinary (US), MediaValet (Canada), Northplains (Canada), BrandMaker (Germany), Brandfolder (US), Bright (UK), MarcomCentral (US), Extensis (US), IntelligenceBank (Australia), Filecamp (Switzerland), Veeva (US), WoodWing (Netherlands), Pimcore (Austria), PhotoShelter (US), Image Relay (US), Kontainer (Denmark) and others.
What are the major Applications, Types and Regions for Digital Asset Management (DAM) Market?
Digital Asset Management (DAM) Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application it is segmented into
- Brand Management System
- Library or Archive
- Production Management Systems
Digital Asset Management (DAM) Market Regional Analysis
North America is likely to develop as a leading region in the global market due to social media evolution across the region. The generation of huge amounts of content due to increased social media use led vendors to adopt digital asset management solutions to reach a large audience in the shortest possible time. The presence of prominent market players such as OpenText Corporation, Oracle Corporation, and others are flourishing across North America. Growing demand analytics for data analytics is further likely to support the Digital Asset Management (DAM) market growth.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Digital Asset Management (DAM) Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 16.2% during the review period (2022 to 2027).
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By Type
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By Application
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- Brand Management System
- Library or Archive
- Production Management Systems
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By Companies
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Adobe Inc. (NasdaqGS:ADBE) , OpenText (Canada), Cognizant (US), Aprimo (US), Bynder (US), Sitecore (US), Widen (US), MediaBeacon (US), CELUM (Austria), Nuxeo (US), Canto (US), Wedia (France), Digizuite (Denmark), censhare (Germany), Cloudinary (US), MediaValet (Canada), Northplains (Canada), BrandMaker (Germany), Brandfolder (US), Bright (UK), MarcomCentral (US), Extensis (US), IntelligenceBank (Australia), Filecamp (Switzerland), Veeva (US), WoodWing (Netherlands), Pimcore (Austria), PhotoShelter (US), Image Relay (US), Kontainer (Denmark)
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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106
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Digital Asset Management (DAM) Report
- Evaluate Digital Asset Management (DAM) 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 market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Digital Asset Management (DAM) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Digital Asset Management (DAM) market.
Frequently Asked Questions
What is the study period of this market?
The Digital Asset Management (DAM) Market is studied from 2017 - 2027.
What is the growth rate of Digital Asset Management (DAM) Market?
The Digital Asset Management (DAM) Market is growing at a CAGR of 16.2% over the next 5 years.
Who are the leading key players in Digital Asset Management (DAM) Market?
Adobe Inc. (NasdaqGS:ADBE) , OpenText (Canada), Cognizant (US), Aprimo (US), Bynder (US), Sitecore (US), Widen (US), MediaBeacon (US), CELUM (Austria), Nuxeo (US), Canto (US), Wedia (France), Digizuite (Denmark), censhare (Germany), Cloudinary (US), MediaValet (Canada), Northplains (Canada), BrandMaker (Germany), Brandfolder (US), Bright (UK), MarcomCentral (US), Extensis (US), IntelligenceBank (Australia), Filecamp (Switzerland), Veeva (US), WoodWing (Netherlands), Pimcore (Austria), PhotoShelter (US), Image Relay (US), Kontainer (Denmark)
What regions regions does this Digital Asset Management (DAM) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Digital Asset Management (DAM) Market?
Cloud Based, On-Premise
What are the significant Applications of Digital Asset Management (DAM) Market?
Brand Management System, Library or Archive, Production Management Systems
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
