Dublin, April 16, 2021 (GLOBE NEWSWIRE) -- The "Digital Asset Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global digital asset management market reached a value of US$ 3.88 Billion in 2020. Looking forward, the global digital asset management market to exhibit strong growth during 2021-2026.
Digital asset management (DAM) refers to a software-based solution that is used by organizations for quick storage, retrieval and utilization of digital assets. These assets usually include processed data files, engineering blueprints, text documents, web pages, audios, videos and graphics. DAM solutions enable the authorized user to retrieve, review, edit and share data through a centralized interface.
Apart from this, they automate workflow, manage permissions through copyright functionalities and streamline cloud experience for users. Owing to these benefits, they find extensive application across various industries, including banking, financial services and insurance (BFSI), retail, manufacturing, information technology (IT), education, etc.
The emerging trend of digitization, along with the increasing adoption of cloud-based services across the globe, is among the key factors driving the growth of the market. Owing to the growing demand for workflow collaboration and automation, enterprises are increasingly utilizing DAM solutions to maintain transparency of operations, improve digital content and reduce overall operational costs.
Furthermore, the increasing organizational focus on digital marketing is providing a boost to the market growth. As consumers are spending more time on various social media platforms, enterprises are employing these solutions to reach the masses, improve customer engagement and integrate analytical tools to understand consumer behavioral patterns.
Additionally, cloud-based DAM solutions offer improved access to digital assets, higher scalability and operational speed. As a result, they are gaining rapid preference among consumers across the globe.
Other factors, including the integration of artificial intelligence (AI) and extensive research and development (R&D) in the field of information technology (IT), are projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key player being Adam Software, Canto Inc., Celum, Cognizant Technology Solutions, OpenText Corporation, North Plains Systems, Oracle Corporation, QBank, Webdam Inc., Mediabeacon Inc., IBM Corporation, Widen Enterprises Inc., etc.
Key Questions Answered in This Report:
How has the global digital asset management market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global digital asset management market ?
What is the breakup of the market based on the type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the application?
What is the breakup of the market based on the deployment?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the end-use sector?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global digital asset management market and who are the key players?
What is the degree of competition in the market?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Digital Asset Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Brand Asset Management Systems
6.2 Library Asset Management Systems
6.3 Production Asset Management Systems
7 Market Breakup by Component
7.2.1 Market Trends
7.2.2 Major Types
220.127.116.11 System Integration
18.104.22.168 Support and Maintenance
7.2.3 Market Forecast
8 Market Breakup by Application
8.1 Sales and Marketing
8.2 Broadcast and Publishing
9 Market Breakup by Deployment
10 Market Breakup by Organization Size
10.1 Small and Medium-sized Enterprises
10.2 Large Enterprises
11 Market Breakup by End-Use Sector
11.1 Media and Entertainment
11.2 Banking, Financial Services and Insurance (BFSI)
11.5 Healthcare and Life Sciences
11.7 Travel and Tourism
12 Market Breakup by Region
14 Value Chain Analysis
15 Porters Five Forces Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/q0swkr
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