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 2019 to 2027, starting from US$ 2.90 Bn in 2018. 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.
Market Synopsis
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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 2019-2027.
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Asia Pacific to Grow Significantly during the Forecast Period
In 2018, 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.
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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 research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The digital asset management market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global digital asset management market based on component, application, deployment model, organization size, vertical and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Component (2017–2027; US$ Bn)
• Solution
• Service
o Support and maintenance
o System Integration
o Consulting
|
|
Application (2017–2027; US$ Bn)
• Enterprise
• Marketing
• Broadcast & Publishing
|
|
Deployment Model (2017–2027; US$ Bn)
• On-Premise
• Cloud-based
|
|
Organization Size (2017–2027; US$ Bn)
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
|
|
Vertical (2017–2027; US$ Bn)
• Media & Entertainment
• Education
• BFSI
• Consumer Goods and Retail
• Manufacturing
• Travel & Tourism
• Healthcare
• Others (IT, Telecom, Government, etc.)
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of digital asset management in 2018 and forecast up to 2027?
- Which is the largest regional market for digital asset management?
- What are the major trends followed in overall digital asset management across different regions?
- Who are the key digital asset management companies leading the market?
- What are the key strategies adopted by the leading digital asset management companies in market?
Unique data points of this report
- Recent trends across different regions in terms of adoption of digital asset management across various applications
- Notable developments going on in digital asset management market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
