Product Code: A02000
According to a new report published by Allied Market Research, titled, "Digital Asset Management Market," The digital asset management market was valued at $4.9 billion in 2022, and is estimated to reach $20.6 billion by 2032, growing at a CAGR of 15.8% from 2023 to 2032.
Furthermore, DAM systems can be used by a variety of organizations, from small businesses to large enterprises, and can be customized to meet the specific needs of different industries, including marketing, media and entertainment, education, government, and others.
Increase in adoption of digital asset management across enterprises, thus drive the growth of the market. In addition, the increase in adoption of cloud-based DAM solutions drives the growth of the growth of the market during the forecast period. In addition, growth in the need to meet the government's compliance is anticipated to accelerate the market growth. However, security & privacy concerns among enterprises, high cost of innovation, and budget constraints hamper the growth of the market. In addition, need for ongoing maintenance and updating of the DAM system and challenges associated with managing and storing large volumes of digital assets are expected to hamper the growth of the market. Furthermore, increasing importance of digital assets for businesses of all sizes provides opportunities for DAM vendors to expand their customer base. Furthermore, the emergence of new business models, such as subscription-based pricing, make DAM more accessible to smaller organizations. Additionally, expansion of DAM solutions into new sectors, such as healthcare and education and development of new technologies, including virtual and augmented reality (AR), require efficient management of digital assets. Such factors are expected to provide lucrative growth opportunities for the market during the forecast period. Moreover, the increase in adoption of cloud-based DAM solutions, growth in e-commerce and digital marketing, and rise in demand for video content also propel the growth of the market.
The digital asset management market is segmented into offering, business function, deployment mode and region. By offering, it is bifurcated into solution and services. By deployment mode, it is divided into on-premises and cloud. By business function, the market is segregated into human resources (HR), sales & marketing, information technology (IT), and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the digital asset management market are: Aprimo, Adobe Inc., Cognizant Technology Solutions Corporation, Dell EMC, Hewlett Packard Enterprise (HPE), IBM Corporation, Oracle Corporation, OpenText Corporation, North Plains Systems, Widen Enterprises Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help drive the growth of the digital asset management market globally.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the digital asset management market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on digital asset management market trends is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the digital asset management market from 2022 to 2032 is provided to determine the market potential.
Key Market Segments
By Offering
By Deployment Mode
By Business Function
- Human Resources (HR)
- Sales and Marketing
- Information Technology (IT)
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Oracle Corporation
- Adobe Inc.
- IBM CORPORATION
- Open Text Corporation.
- Aprimo
- Hewlett Packard Enterprise (HPE)
- Dell EMC
- Widen Enterprises Inc.
- North Plains Systems (Ignite Enterprise Software Solutions, Inc.)
- Cognizant Technology Solutions Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in adoption of cloud-based DAM solutions
- 3.4.1.2. Expansion of AI and machine learning capabilities in DAM
- 3.4.1.3. Rise in demand for video content
- 3.4.2. Restraints
- 3.4.2.1. Data security and privacy concerns
- 3.4.2.2. High initial costs of implementing a DAM system
- 3.4.3. Opportunities
- 3.4.3.1. Expansion of DAM solutions into sectors, such as healthcare and education
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: DIGITAL ASSET MANAGEMENT MARKET, BY OFFERING
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Services
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: DIGITAL ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On Premises
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: DIGITAL ASSET MANAGEMENT MARKET, BY BUSINESS FUNCTION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Human Resources (HR)
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Sales and Marketing
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Information Technology (IT)
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: DIGITAL ASSET MANAGEMENT MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Offering
- 7.2.3. Market size and forecast, by Deployment Mode
- 7.2.4. Market size and forecast, by Business Function
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Offering
- 7.2.5.1.3. Market size and forecast, by Deployment Mode
- 7.2.5.1.4. Market size and forecast, by Business Function
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Offering
- 7.2.5.2.3. Market size and forecast, by Deployment Mode
- 7.2.5.2.4. Market size and forecast, by Business Function
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Offering
- 7.3.3. Market size and forecast, by Deployment Mode
- 7.3.4. Market size and forecast, by Business Function
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Offering
- 7.3.5.1.3. Market size and forecast, by Deployment Mode
- 7.3.5.1.4. Market size and forecast, by Business Function
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Offering
- 7.3.5.2.3. Market size and forecast, by Deployment Mode
- 7.3.5.2.4. Market size and forecast, by Business Function
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Offering
- 7.3.5.3.3. Market size and forecast, by Deployment Mode
- 7.3.5.3.4. Market size and forecast, by Business Function
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Offering
- 7.3.5.4.3. Market size and forecast, by Deployment Mode
- 7.3.5.4.4. Market size and forecast, by Business Function
- 7.3.5.5. Italy
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Offering
- 7.3.5.5.3. Market size and forecast, by Deployment Mode
- 7.3.5.5.4. Market size and forecast, by Business Function
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Offering
- 7.3.5.6.3. Market size and forecast, by Deployment Mode
- 7.3.5.6.4. Market size and forecast, by Business Function
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Offering
- 7.4.3. Market size and forecast, by Deployment Mode
- 7.4.4. Market size and forecast, by Business Function
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Offering
- 7.4.5.1.3. Market size and forecast, by Deployment Mode
- 7.4.5.1.4. Market size and forecast, by Business Function
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Offering
- 7.4.5.2.3. Market size and forecast, by Deployment Mode
- 7.4.5.2.4. Market size and forecast, by Business Function
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Offering
- 7.4.5.3.3. Market size and forecast, by Deployment Mode
- 7.4.5.3.4. Market size and forecast, by Business Function
- 7.4.5.4. Australia
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Offering
- 7.4.5.4.3. Market size and forecast, by Deployment Mode
- 7.4.5.4.4. Market size and forecast, by Business Function
- 7.4.5.5. South Korea
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Offering
- 7.4.5.5.3. Market size and forecast, by Deployment Mode
- 7.4.5.5.4. Market size and forecast, by Business Function
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Offering
- 7.4.5.6.3. Market size and forecast, by Deployment Mode
- 7.4.5.6.4. Market size and forecast, by Business Function
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Offering
- 7.5.3. Market size and forecast, by Deployment Mode
- 7.5.4. Market size and forecast, by Business Function
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Offering
- 7.5.5.1.3. Market size and forecast, by Deployment Mode
- 7.5.5.1.4. Market size and forecast, by Business Function
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Offering
- 7.5.5.2.3. Market size and forecast, by Deployment Mode
- 7.5.5.2.4. Market size and forecast, by Business Function
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Offering
- 7.5.5.3.3. Market size and forecast, by Deployment Mode
- 7.5.5.3.4. Market size and forecast, by Business Function
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Adobe Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Cognizant Technology Solutions Corporation
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Dell EMC
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Hewlett Packard Enterprise (HPE)
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. IBM CORPORATION
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Oracle Corporation
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Open Text Corporation.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. North Plains Systems (Ignite Enterprise Software Solutions, Inc.)
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Key strategic moves and developments
- 9.9. Widen Enterprises Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Key strategic moves and developments
- 9.10. Aprimo
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Key strategic moves and developments