Digital Asset Management Market is segmented by Deployment (On-premise, Cloud (SaaS)), Organization Size (SMEs (Small and Medium Enterprises), Large Enterprises), End-User (Media and Entertainment, BFSI, Government, Healthcare, Retail, Manufacturing), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and More
The digital asset management market was valued at USD 2,962.2 million in 2020, and it is expected to reach a CAGR of 19.96% during the period to 2028.
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The deployment of digital asset management is helping companies to develop solutions, wherein they can retrieve their digital assets faster and lay a foundation for targeted access across the teams and channels.
Urbanization and increase in residential construction, growing trends of smart homes, increasing demand for air conditioners, and significant growth in number of data centres and their power density are some of the factors that have supported long-term expansion for Digital Asset Management Market.
Key Players
· Cognizant Technology Solutions Corp
· Oracle Corporation
· CELUM GmbH
· Adobe Systems Incorporated
· Cloudinary Ltd
· IBM Corporation and More
Recent Developments
In September 2020, Nuxeo launched a next-generation Salesforce Connector to enhance the integration between the Nuxeo Platform and Salesforce Lightening and to facilitate better content management from within the Salesforce platform. The new features in the latest version of Salesforce Connector include simple drag-and-drop interface and embedded viewer for different digital content.
In July 2020, Sitecore released version 3.4 of its Sitecore Content Hub solution with new and streamlined capabilities for improving workflows and third-party integrations. The company also improved Web-to-Print capabilities in the product. As a part of the enhancement, Sitecore improved its DAM tool with AI and video capabilities to enable automatic generation of metadata and transcripts for video as well as to support time and range-based annotation, cropping, and subtitles.
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Regional Analysis
Asia-Pacific to Witness the Fastest Growth Rate Over the Forecast Period. India is considered a very demanding country to manage for the entertainment and media providers due to complexities related to the content, language, and other regional requirements. Owing to this, digital asset management was widely adopted to cater to such complexities.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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