Dublin, March 01, 2023 (GLOBE NEWSWIRE) -- The "Digital Asset Management (DAM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Digital Asset Management (DAM) Market to Reach $29.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Digital Asset Management (DAM) estimated at US$5.7 Billion in the year 2022, is projected to reach a revised size of US$29.2 Billion by 2030, growing at a CAGR of 22.6% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 20.2% CAGR and reach US$14.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 25.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 26.7% CAGR
The Digital Asset Management (DAM) market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 26.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.4% and 22% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.
Select Competitors (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.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
| Report Attribute | Details |
| No. of Pages | 721 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.7 Billion |
| Forecasted Market Value (USD) by 2030 | $29.2 Billion |
| Compound Annual Growth Rate | 22.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Key Trends Shaping Digital Asset Management Going Forwards
- Development of Content Hubs
- DAM for Collaboration: The Future of the Digital World
- Integration of AI to Gain Pace
- AI Transforms Digital Asset Management into Agile, Dynamic Platform
- Integration of AI with Digital Asset Management Holds Intriguing Prospects for Marketers
- AI-based Digital Asset Management for Content Creation, Distribution & Search
- Limitations of Artificial Intelligence
- Integration of DAM Software with Other Enterprise Software Offers Improved Prospects
- DAM Software Demand Amid an Era of Connected Things
- Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
- Integration of Business Analytics Tools into DAM Software Yields Rich Dividends
- Spotlight on Contextual, Discovery-Centric and Metadata to Accelerate Asset Retrieval
- Hybrid Cloud DAM: A Viable Option
- On-Premise Vs Cloud DAM
- Transition to Consumer-Driven Digital Advertising and Marketing Sets the Stage for DAM
- US Average Time Spent in Minutes by Adult Consumer on Various Media: 2020
- Digital Asset Management Offers Perfect Component to Make Brands Tick
- DAM in Media and Entertainment
- Rising Popularity of OTT Services Bodes Well for Market Prospects: Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
- DAM Systems Shaves-off Cost of Content Marketing Activities
- Changing Landscape Demands Agile Marketing Teams: A Strong Business Case for DAM Solutions
- Digital Asset Management Software Gains Traction in Retail Industry
- Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities: Global Retail IT Spending (In US$ Billion) for the Years 2018, 2020, 2022 & 2024
- Focus on Consumer Experience Drives DAM Adoption in E-Commerce
- Global Ecommerce as % of Retail: 2015-2025
- 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
- Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2019 & 2023
- Electronification of Healthcare Instigates Demand for DAM
- Application of Digital Asset Management (DAM) Life Sciences
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/x9s24e-asset?w=12
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