Detailed study on Digital Asset Management Market by MarketsandMarkets™ provides broad analysis on the basis of Types, Applications and key players which is useful for better decision making.
Northrook, IL -- (SBWIRE) -- 10/17/2019 -- According to a new market research report "Digital Asset Management Market by Component (Solution and Services), Application (Enterprise, Marketing, and Broadcasting and Publishing), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the Digital Asset Management Market projected to grow from USD 2.4 billion in 2017 to USD 5.7 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.3% during the forecast period.
Digital Asset Management solution and services are witnessing a rising demand across the globe, due to the significant rise in digital assets across verticals and advent of the Internet of Things (IoT). Moreover, the increased spending on digital marketing by various verticals is also considered as a vital factor driving the growth of the market.
Browse in-depth TOC on "Digital Asset Management Market"
60- Tables
33- Figures
129- Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96538567
The cloud segment is projected to grow at a higher growth rate during the forecast period, due to the cost benefits and speed of deployment offered by cloud as compared to on-premises. Moreover, cloud deployment is gaining traction in Small and Medium-sized Enterprises (SMEs), as it does not require any hardware or software, installation, or maintenance. Cloud deployment was attaining momentum and expected to witness high demand in the coming years, due to enhanced agility and scalability offered by the cloud-based solutions. Large enterprises are also likely to adopt cloud deployment due to the option to control and manage digital assets remotely.
Media and entertainment vertical to account for the highest market share in 2017
The media and entertainment vertical is estimated to account for the highest market share in 2017. The growth can be attributed to several media and entertainment organizations dealing with a plethora of digital assets to drive their business growth. Managing digital assets is a major challenge and requires dedicated advanced solutions, such as Digital Asset Management. This factor creates excellent opportunities for Digital Asset Management solution and services in the vertical.
The media industry deals with ever-increasing digital data; however, searching for the correct content from the pool of stored data takes time and efforts, resulting in inefficiencies and brand inconsistencies. DIGITAL ASSET MANAGEMENT solutions help overcome these glitches by enabling organizations to store, search, and share the digital media efficiently, irrespective of time, along with a user-friendly interface.
North America to account for the highest market share in 2017
North America is expected to hold the highest market share from 2017 to 2022, due to the presence of large numbers of Digital Asset Management vendors in the region, creating a competitive landscape for the global Digital Asset Management market. The region is adopting the Digital Asset Management solution, due to the considerable application of machine learning, artificial intelligence, and IoT across organizations for constant connectivity. Moreover, the region has a high concentration of media and entertainment organizations that largely contribute to the adoption of Digital Asset Management solution and services. The adoption of Digital Asset Management for content management, storage, sharing, collaboration, and video management has considerably driven the North American Digital Asset Management industry.
Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/digital-asset-management-market-96538567.html
Major solution and service providers in the Digital Asset Management market include OpenText (Canada), CELUM (Austria), MediaBeacon (US), Canto (US), Widen (US), WebDigital Asset Management (US), Bynder (Netherlands), NorthPlains (Canada), MediaValet (Canada), and Cognizant (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/digital-asset-management.asp