Digital Asset Management Market to Post 18.3% CAGR to 2022, Predicts M&M in Is New Research Report Available at MarketPublishers.com
28 Jul 2017 • by Natalie Aster
LONDON – The size of the digital asset management (DAM) market is projected to display high growth at an 18.3% CAGR through to 2022, increasing from a value of USD 2.44 billion as of 2017 to USD 5.66 billion.
The increased uptake of IoT, the rising expenditure on digital marketing, expanding proliferation of digital content generated by computers and mobile devices in organisations, soaring requirement of collaborative digital workflows, development of internet services, among others, are amid the main forces stimulating the growth of the marketplace globally. Meantime, dearth of awareness along with reliance upon traditional approaches is set to hinder the growth of the market in the foreseeable future.
With respect to deployment type, cloud is expected to demonstrate the most rapid growth in the years to come, owing to the cost-effectiveness and speed of deployment provided by cloud versus on-premises. Still, the latter segment is set to capture the lion’s share of the market by 2017, as large-sized enterprises opt for storing and managing their essential digital assets in their proprietary infrastructure.
The North America region is poised to grab the dominant market share and lead the DAM market to 2022, owing to the existence of great numbers of domestic DAM vendors. The region is also a hub for a host of media and entertainment (M&E) industries that considerable support the uptake of DAM services and solutions.
New market research report “Digital Asset Management (DAM) Market - Global Forecast to 2022” drawn up M&M offers deep, granular insights into the market performance on a global level.
It defines, describes, and forecasts the DAM market, segmenting it based on component, type of deployment, application, organisation size, vertical, and region-wise. The research provides granular information on the major factors impacting the growth of the market, namely driving factors, restraints, opportunities, and market-specific challenges. The report offers projections of the market size pertaining to the 5 leading regions. It also includes granular profiles of the top 12 players and thoroughly examines their core competencies. The report also keeps track of, and assesses the competitive developments like M&As, NPDs, and R&D activities in the market space.
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