Digital Asset Management Market expected to grow at considerable rate due to the increase in digital assets by leaps and bounds.

 Industry Insights


The global Digital Asset Management Market was valued at $1.45 billion in the year 2015 also expected to grow at considerable rate due to the increase in digital assets by leaps and bounds. Real time strategies driven by customers unlike the traditional strategies along with delivery models are reasons to drive the sales in the mentioned period.


The ever increasing demand for the content which is rich to promote products and brands is another driver expected to impact the market positively. Digital asset management suppliers comprise mainly of cloud-based organizations providing solutions with optimum expenses.


Type Insights


Industries have adopted digital asset management to save and store files for the purpose of completing the task on real time basis. The recent developments in the technologies like the DAM are reasons for organizations to adopt to these solutions for management, collaboration and asset tracking.


The solution segment has captured considerable share in 2015 and will be dominating the market over the period of forecast. DAM solutions are being adopted by marketing firms as they help in the data reach out using collective efforts that in turn increases the firm’s efficiency. Due to the increase adoption of the solutions the industry is expected to suffer a setback as it reaches the maturity stage in the next 9 years.


Deployment Insights


On-premise usage acquires as much as 50% of the total collection of the industry. But this method is quite expensive and also requires large storage capacities which calls for a need of sophisticated IT built-up that require larger expenditures. This is the only reason why the segment will witness as low growth in comparison to cloud deployment in the 9 years.


Deployment using cloud has accounted for significant share in 2015 and is forecasted to see increasing demand due to the change to Software-as-a-service. Firms like IBM, oracle, EMC have initiated their move towards cloud from premise that provide intelligent services and many other functions. Low cost requirements and faster deployment are adopted in numbers by end-users because of the collective cost cutting from operations.


Download Free sample Report 

https://www.millioninsights.com/industry-reports/digital-asset-management-market/request-sample


Application Insights


The major segment to expect largest growth is marketing due to its importance in sales assisting and real time assets access. DAM is extensively being adopted in sales and marketing because it helps maintaining the product and brand image.


DAM is also being used by photography sector to secure the access files and store photos. The photography sector is also expected to grow over coming years.


End-Use Insights


20% of the market share was occupied by media and entertainment in 2015. The increase in demand for content and quality has increased the development of content in this sector which drives the growth.


Smooth functioning of the DAM is the pivotal factor of media and entertainment as it helps in recollecting, managing and storing large amount of videos, audios, images and other files. DAM has made it easier to manage these assets making it the part of industry.


Regional Insights


25% of the total market is dominated by North America in 2015. This can be related to the continuous growth in social media in this region. DAM’s adoption has increased due to the generation of huge amount of content which also helps in reaching out to larger group in smaller times.


Demand for the analytics is forecasted to get a stable platform in North America. The emphasis on DAM solutions and analytics to provide customer with customized tools is the reason for this movement which actually stiffens market competition.


Along with North America, Asia Pacific is also expected to witness faster growth almost at the CAGR of 12%. Due to rise in adoption of cloud technology and digital technology the sector offers larger opportunities for growth among small and medium organizations.


Competitive Insights


Adobe Systems, Oracle, ADAM, OpenText, EMC, IBM, Widen, North Plains and Cognizant are the major industry participants. OpenText is the major player in this market and has been adopting various strategies to satisfy demands related to DAM, including product developments and partnerships. The company launched a product for integrated solutions in September 2015 with SAP to provide single channel experience to the customers.


In January 2015, OpenText introduced the next level of DAM to help organizations with managing, storing and securing assets in improved way. Other companies are alliance based firms that are trying to gain a competitive advantage.


Market Segment:


Digital Asset Management Type Outlook (Revenue, USD Million; 2014 - 2025)

        • Solution

        • Service


Digital Asset Management Deployment Outlook (Revenue, USD Million; 2014 - 2025)

        • On-premise

        • Cloud


Digital Asset Management Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

        • Small & Medium Enterprise

        • Large Enterprise


Digital Asset Management Application Outlook (Revenue, USD Million; 2014 - 2025)

        • Sales

        • Marketing

        • IT

        • Distribution

        • Photography, Graphics & Designing


Digital Asset Management End-Use Outlook (Revenue, USD Million; 2014- 2025)

        • Media and Entertainment

        • BFSI

        • Retail

        • Healthcare

        • Automotive & Manufacturing

        • Government

        • Others


Browse Full Research Report with TOC:  https://www.millioninsights.com/industry-reports/digital-asset-management-market


continue........


Get In Touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.


Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com


Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: sales@millioninsights.com


Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184

 

 


Comments

Post a Comment

Popular posts from this blog

TV and Radio Subscription Market Landscape and its Growth Prospects over the coming years from 2017-2021

TV subscription is the service that is delivered (on paying a subscription fee) to the viewer using a cable or over the air. Video and voice services, games, movies, and contents from various demographics are some of the most popular services offered by the TV operators. Request a Sample Copy of This Report:   https://www.radiantinsights.com/research/global-tv-and-radio-subscription-market-2017-2021/request-sample Covered in this report The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The market is divided into the following segments based on geography: APAC EMEA The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors Bell Media CBS Comcast Cox Communications DISH Network Pandora Radio Sky Other prominent vendors ABC Radio Altice USA America Movil AT&am
Read more

Global Online Takeaway Food Market Size and Analysis by Trend, Regions 2018

23-oct-2018 Global Online Takeaway Food Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Online Takeaway Food is a process of ordering food from food cooperative or restaurant via an online application or web page. Rising working people populace, expansion of internet penetration for ordering food online, growing urbanization, rapid access to mobile phones, and rising disposable income are documented as major factors of Online Takeaway Food Market that are estimated to enhance the growth in the years to come. However, growing obese populace, low in nutrition, and rising importance of healthy health among customers are the factors that may restrain overall market in the coming years. Online Takeaway Food Market is segmented based on type, product type, application, and region. Mobile apps, restaurant-controlled, independent, and other types could be explored in Online Takeaway Food in t
Read more

U.S. E-cigarette And Vape Market size is expected to reach USD 18.5 billion by 2025

Image
7-aug-19 The U.S. e-cigarette and vape market exhibiting a CAGR of 24.1% from 2019 to 2025, according to a new study conducted. The ability of e-cigarettes to reduce exposure to potentially toxic substances is expected to drive the market over the forecast period. Another factor that is expected to drive the market is that health hazards associated with electronic smoking and vaping devices are relatively lower as compared to conventional tobacco cigarettes. Changing lifestyle and preferences of adult smokers bodes well for the U.S. market. Adult smokers who are addicted to smoking but are willing to quit the habit are shifting from conventional tobacco cigarettes to electronic variants, thereby driving the adoption of the latter over the forecast period. Electronic smoking devices and products claim to minimize the risk of cancer usually posed by conventional cigarettes. Moreover, vaping devices do not have any smoke associated with them, which means, they pose fewer health r
Read more