Global Digital Asset Management (DAM) Market Trajectory & Analytics Report 2022: Market to Reach US$15.5 Billion by 2027 – A Powerful Tool for Tackling Explosive Growth in Digital Media Content – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Digital Asset Management (DAM) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Digital Asset Management (DAM) Market to Reach US$15.5 Billion by the Year 2027
The global market for Digital Asset Management (DAM) estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$15.5 Billion by 2027, growing at a CAGR of 22.2% over the period 2020-2027.
Solutions, one of the segments analyzed in the report, is projected to grow at a 20% CAGR to reach US$8.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 25.1% CAGR for the next 7-year period. This segment currently accounts for a 40.4% share of the global Digital Asset Management (DAM) market.
The U.S. Accounts for Over 31.5% of Global Market Size in 2020, While China is Forecast to Grow at a 26.4% CAGR for the Period of 2020-2027
The Digital Asset Management (DAM) market in the U.S. is estimated at US$1.2 Billion in the year 2020. The country currently accounts for a 31.51% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 26.4% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19% and 21.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.8% CAGR while Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- COVID-19 Highlights Need for Digital Asset Management in Modern Working Environment
- Digital Asset Management (DAM): A Powerful Tool for Tackling Explosive Growth in Digital Media Content
- Myriad Benefits Offered Drive Demand
- Outlook
- Developed Regions: Key Revenue Contributors
- Developing Regions Offer Strong Growth Opportunities
- Cloud Models Drive Opportunities
- SMBs to Accelerate Adoption
- Competitive Landscape
- DAM Landscape Remains Highly Fragmented
- Customization of DAM Solutions: A Double-Edged Sword
- Vendors Expand Portfolio with Cloud Based Offering
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 252 Featured)
- Aprimo US LLC
- Adobe Systems Incorporated
- Bynder BV
- Canto, Inc.
- CELUM GmbH
- Cognizant Technology Solutions Corporation
- Extensis
- International Business Machines Corp
- MediaBeacon, Inc.
- Mediavalet, Inc
- North Plains Systems Corp.
- Nuxeo
- OpenText Corp.
- Oracle Corporation
- QBNK Company AB
- Widen Enterprises, Inc.
3. MARKET TRENDS & DRIVERS
- Key Trends Shaping Digital Asset Management Going Forwards
- Development of Content Hubs
- DAM for Collaboration: The Future of the Digital World
- Integration of AI to Gain Pace
- AI Transforms Digital Asset Management into Agile, Dynamic Platform
- Integration of AI with Digital Asset Management Holds Intriguing Prospects for Marketers
- AI-based Digital Asset Management for Content Creation, Distribution & Search
- Limitations of Artificial Intelligence
- Integration of DAM Software with Other Enterprise Software Offers Improved Prospects
- DAM Software Demand Amid an Era of Connected Things
- Integration of Business Analytics Tools into DAM Software Yields Rich Dividends
- Spotlight on Contextual, Discovery-Centric and Metadata to Accelerate Asset Retrieval
- Hybrid Cloud DAM: A Viable Option
- On-Premise Vs Cloud DAM
- Transition to Consumer-Driven Digital Advertising and Marketing Sets the Stage for DAM
- Digital Asset Management Offers Perfect Component to Make Brands Tick
- DAM in Media and Entertainment
- Rising Popularity of OTT Services Bodes Well for Market Prospects
- DAM Systems Shaves-off Cost of Content Marketing Activities
- Changing Landscape Demands Agile Marketing Teams: A Strong Business Case for DAM Solutions
- Digital Asset Management Software Gains Traction in Retail Industry
- Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities
- Focus on Consumer Experience Drives DAM Adoption in E-Commerce
- Enterprise DAM Software Finds a Prominent Place in IT Infrastructure of Large Scale Enterprises
- BFSI: A Major End-Use Sector
- DAM Gains Relevance in Manufacturing Sector Amid Ongoing Automation Drive
- Industry 4.0 & Smart Factory to Steer Future Expansion
- Electronification of Healthcare Instigates Demand for DAM
- Application of Digital Asset Management (DAM) Life Sciences
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/a7pgo3
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