Growing Adoption of Broadband Internet the Digital Asset Management Market

The digital asset management market worldwide is expected to grow with a CAGR of 16.0% during the forecast period from 2023 to 2030, starting from US$ 4.43 Bn in 2021. The increased adoption of broadband internet is leading to an increased demand for specialized solutions in each industry. Digital asset management offers various solutions such as asset analytics, metadata archiving, video management and web content management along with a high return on investment. Owing to increase in workflow the need for real time and shared operations is rising, thus having a positive impact over the digital asset management market. Therefore, we expect that the digital asset management market will show significant growth during the forecast period. 

Cloud-based Deployment Segment will Led the Market

The cloud-based deployment segment is expected to show faster pace as compared to on-premise counterpart. The cloud-based deployment type fuels better access to digital assets data, along with quick enactment and on a reduced total cost of title. Due to cloud-based deployment, the digital content can be made easily available to users across an enterprise. In lieu of the cost benefits offered, small and medium enterprises shall likely adopt cloud-based method for implementing digital asset management solutions in the organization. Further, higher scalability and speed support the fast growth of this model. Thus, we expect that the cloud-based segment will be the largest revenue-sharing segment during the forecast period 2023-2030.

Asia Pacific to Grow Significantly during the Forecast Period

In 2021, North America has a relatively high share in the global digital asset management market. Due to early adoption of digital asset management and the rapid rate of technological advancement in the region, the market is expected to ensure robust growth throughout the forecast period. Further, Asia Pacific is set to grow significantly during the forecast period. Major economies of the region, say, Japan has recognized Bitcoin and other digital currencies as money. This shall boost the demand for digital asset management in the region. As a result, we expect that Asia Pacific region will be the fastest growing region throughout the forecast period. 

Some of the prominent players operating in the digital asset management market Adobe Systems Incorporated, OpenText Corporation, Celum, Mediabeacon, Inc., Canto, Inc., Widen, Bynder, Northplains, Mediavalet, Inc., and Cognizant among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Asset Management market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Digital Asset Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Digital Asset Management market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Digital Asset Management market?
• Which is the largest regional market for Digital Asset Management market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Digital Asset Management market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Asset Management market worldwide?