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Global Digital Asset Management Bwc20193
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Global Digital Asset Management Bwc20193

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Digital Asset Management Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Product (Library Asset Management, Production Asset Management, Digital Supply Chain Services), By Application (Enterprise, Marketing, Broadcast and Publishing, Others), By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By End-User (IT and Telecom, BFSI, Media and Entertainment, Retail, Healthcare, Travel and Tourism, Education, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: October 2021
  • Report ID: BWC20193
  • Available Format: PDF
  • Page: 181

Report Overview

The global digital asset management market is flourishing at a high rate due to the advancement of working methodology and acceptance of digital marketing over conventional marketing for real-time solutions and ingenious service models.

Global Digital Asset Management Market- Industry Trends & Forecast Report 2027

Global digital asset management market was worth USD 3.73 billion in 2020 and is further projected to reach USD 9.45 billion by the year 2027, growing at the CAGR of 14.6% in the forecast period. Advances in working methodology and acceptance of digital marketing over conventional marketing for real-time solutions and innovative service models drive the global digital asset management market. Furthermore, the increasing densities and volumes of digital assets is anticipated to boost the market in the forecast period.

Digital Asset Management Market

 

 

Source: BlueWeave Consulting

Global Digital Asset Management Market- Overview

A digital asset management system stores, transforms, manages, retrieves, and distributes digital information and digital assets in a centralized location. These applications not only facilitate revenue generation but also help reduce product costs and increase brand value. The benefits of digital asset management also include improved product cycles, a more channelized distribution chain, and automated service channels. These applications help generate new revenue ideas, reduce product or service costs and enhance the brand value. Apart from these, other additional benefits of utilizing digital asset management include improved product cycle, upgraded and channelized distribution cycle, and reduced manual workflow through automation.

Global Digital Asset Management Market Forecast and Trends

Growth Drivers

Acceptance of Digital Products and Services among Customers

As consumer preferences have changed considerably, acceptance for a wide range of digital assets and their enlargements has been observed at the corporate level over the past few years. As the companies gradually shift towards cloud computing and storage, it has presented growth opportunities for the cloud-based digital asset management system. Companies are now largely investing in remodeling their market solutions and offerings to keep up with the changing market scenario. Thus, several industry players such as Aprimo, Canto, Widen, etc., are now offering cloud-based digital asset management solutions. These factors are significantly driving the digital asset management market.

Implications of Artificial Intelligence to Regulate Automation in Workflow

Organizations are rapidly investing in artificial intelligence to bring automation into their workflow. This factor is estimated to present lucrative growth opportunities for the global digital asset management market during the forecast period. While opting for any digital asset management platform, the organizations opt for solutions with both machine learning and artificial intelligence capabilities. AI-based management solutions help in automating image tagging which can be used to assign metadata or keywords to digital assets such as text, files, images, and videos contained in them. This is estimated to propel the global digital asset management market growth.

Restraints

Huge Expenditure Associated with Execution and Integration of Digital Asset Management

The cost associated with the implementation and execution of digital asset management may act as a huge restraining factor for market growth. Maintaining and managing digital assets with lifetime licenses comes at a high cost. In addition, the overall cost of asset management licenses and implementation rises with the number of users per account and the size of its storage. The system is also associated with massive support costs, asset management fees, and other costs for maintaining the system, making companies wary of adopting it.

Impact of COVID-19 on Global Digital Asset Management Market

The unprecedented outbreak of the COVID-19 pandemic presented lucrative growth opportunities for the global digital asset management market. Global lockdown, work from home/ remote location, and economic unreliability have forced the companies to adopt digital asset management solutions into their businesses to regulate their workflow during the pandemic. With these asset management systems, management, streamlining, analyzing, and delivering digital assets contribute to the growth of the market. Frequently, small and medium-sized businesses have difficulty incorporating digital asset management tools and face high costs, declining profits, and budget constraints. Although large organizations have extended their digital assets, small and medium businesses often face hindrances such as cost, declining profits, and budget constraints for technological advances.

Global Digital Asset Management Market - By Product

Based on products, the global digital asset management market is segmented into library asset management, production asset management, and digital supply chain services. Digital supply chain services account for the largest share of the market. Such products provide insight into the best way to increase organizational efficiency and profits. The digital supply chain emerged as an efficient supply chain management tool during the lockdown by automating processes and operations to streamline the work of the supply chain.

Global Digital Asset Management Market - By Component

The global digital asset management market is segmented into solutions and services based on components. The services segment holds the largest market share because of the growing adoption of digital asset management among small and medium-sized enterprises. Opting for digital asset management services proves cost-effective to SMEs as outsourcing the digital asset management reduces the need to put cost and energy into maintenance. Furthermore, the solutions segment also accounts for a significant share of the market due to its prominence among large organizations because of their financial capacity.

Global Digital Asset Management Market - Regional Insights

Geographically, the global digital asset management market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the global digital asset management market. The market is gaining significant traction as this region is always ahead in the early adoption of advanced technologies and to bring digital improvements into their businesses. Furthermore, the high concentration of DAM service providers such as Adobe, who significantly invest in advancing their services, also plays a crucial factor in propelling the market growth.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global digital asset management market are ADAM Software NV, OpenText Corp., Adobe Systems Incorporated, Bynder, Canto, Inc., CELUM, MediaValet Inc., Pica9, Inc., SAS Institute Inc., WebDAM, Widen Enterprises Inc., Workfront Inc., North Plains Systems, Oracle Corporation, QBank, IBM Corporation, Digizuite A/S, Extensis, Nuxeo, and other prominent players.

The market is highly fragmented with several industry participants but is inclined slightly towards global giants such as Adobe Systems, IBM Corporation, etc. The companies prominently adopt market strategies like mergers, partnerships, acquisitions, joint ventures, etc., to gain a competitive edge and stay ahead in the market.

Recent Developments

  • Organizations that choose a digital asset management platform go for one with machine learning and artificial intelligence capabilities. AI-based management solutions automate image tagging and the process of assigning metadata or keywords to digital assets, such as documents, images, and videos. This is estimated to propel the global digital asset management market growth.
  • In October 2021, Cboe Global Markets Inc., a leading provider of global market infrastructure and tradable products, announced to have acquired Eris Digital Holdings, LLC, to enter digital assets spot and derivatives marketplaces.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Product, By Application, By Component, By Deployment, By End-User, By Region

Key Players

ADAM Software NV, OpenText Corp., Adobe Systems Incorporated, Bynder, Canto, Inc., CELUM, MediaValet Inc., Pica9, Inc., SAS Institute Inc., WebDAM, Widen Enterprises Inc., Workfront Inc., North Plains Systems, Oracle Corporation, QBank, IBM Corporation, Digizuite A/S, Extensis, Nuxeo, and other prominent players.

 

By Product

  • Library Asset Management
  • Production Asset Management
  • Digital Supply Chain Services

By Application

  • Enterprise
  • Marketing
  • Broadcast and Publishing
  • Others

By Component

  • Solutions
  • Services
  1. Consulting
  2. System Integration
  3. Training and Support

By Deployment

  • On-Premises
  • Cloud

By End-User

  • IT and Telecom
  • BFSI
  • Media and Entertainment
  • Retail
  • Healthcare
  • Travel and Tourism
  • Education
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Acceptance of Digital Products and Services Among the Customers
        2. Implications of Artificial Intelligence to Regulate Automation in Workflow
      2. Restraints
        1. Huge Expenditure Associated with Execution and Integration of Digital Asset Management
      3. Opportunities
        1. Growing Demand for Cloud Deployment
        2. Increasing Adoption of DAM in Media and Entertainment Industry
      4. Challenges
        1. Lack of Awareness among Small and Medium-Sized Enterprises
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Digital Asset Management Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
    2. Market Share & Forecast, by Segment
      1. By Product
        1. Library Asset Management
        2. Production Asset Management
        3. Digital Supply Chain Services
      2. By Application
        1. Enterprise
        2. Marketing
        3. Broadcast and Publishing
        4. Others
      3. By Component
        1. Solutions
        2. Services
          1. Consulting
          2. System Integration
          3. Training and Support
      4. By Deployment
        1. On-Premises
        2. Cloud
      5. By End-User
        1. IT and Telecom
        2. BFSI
        3. Media and Entertainment
        4. Retail
        5. Healthcare
        6. Travel and Tourism
        7. Education
        8. Others
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By Component
      4. By Deployment
      5. By End-User
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By Component
      4. By Deployment
      5. By End-User
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By Component
      4. By Deployment
      5. By End-User
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By Component
      4. By Deployment
      5. By End-User
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By Component
      4. By Deployment
      5. By End-User
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2020)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Global Digital Asset Management Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. ADAM Software NV
    2. OpenText Corp.
    3. Adobe Systems Incorporated
    4. Bynder
    5. Canto, Inc.
    6. CELUM
    7. MediaValet Inc.
    8. Pica9, Inc.
    9. SAS Institute Inc.
    10. WebDAM
    11. Widen Enterprises Inc.
    12. Worfront Inc.
    13. North Plains Systems
    14. Oracle Corporation
    15. QBank
    16. IBM Corporation
    17. Digizuite A/S
    18. Extensis
    19. Nuxeo
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

 

List of Figures

 

 

Figure 1: Global Digital Asset Management Segmentation

 

Figure 2: Global Digital Asset Management Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Digital Asset Management Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Global Digital Asset Management Market Share (%), By Product, By Value, 2017-2027

 

Figure 6: Global Digital Asset Management Market Share (%), By Application, By Value, 2017-2027

 

Figure 7: Global Digital Asset Management Market Share (%), By Component, By Value, 2017-2027

 

Figure 8: Global Digital Asset Management Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 9: Global Digital Asset Management Market Share (%), By End-User, By Value, 2017-2027

 

Figure 10: Global Digital Asset Management Market Share (%), By Region, By Value, 2017-2027

 

Figure 11: North America Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 12: North America Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 13: North America Flow Battery Market Share (%), By Application, By Value, 2017-2027

 

Figure 14: North America Flow Battery Market Share (%), By Component, By Value, 2017-2027

 

Figure 15: North America Flow Battery Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 16: North America Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 17: North America Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 18: Europe Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 19: Europe Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 20: Europe Flow Battery Market Share (%), By Application, By Value, 2017-2027

 

Figure 21: Europe Flow Battery Market Share (%), By Component, By Value, 2017-2027

 

Figure 22: Europe Flow Battery Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 23: Europe Flow Battery Market Share (%), by End-User, By Value, 2017-2027

 

Figure 24: Europe Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 25: Asia-Pacific Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 26: Asia-Pacific Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 27: Asia-Pacific Flow Battery Market Share (%), By Application, By Value, 2017-2027

 

Figure 28: Asia-Pacific Flow Battery Market Share (%), By Component, By Value, 2017-2027

 

Figure 29: Asia-Pacific Flow Battery Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 30: Asia-Pacific Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 31: Asia-Pacific Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 32: Latin America Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 33: Latin America Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 34: Latin America Flow Battery Market Share (%), By Application, By Value, 2017-2027

 

Figure 35: Latin America Flow Battery Market Share (%), By Component, By Value, 2017-2027

 

Figure 36: Latin America Flow Battery Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 37: Latin America Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 38: Latin America Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 39: Middle East & Africa Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 40: Middle East & Africa Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 41: Middle East & Africa Flow Battery Market Share (%), By Application, By Value, 2017-2027

 

Figure 42: Middle East & Africa Flow Battery Market Share (%), By Component, By Value, 2017-2027

 

Figure 43: Middle East & Africa Flow Battery Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 44: Middle East & Africa Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 45: Middle East & Africa Flow Battery Market Share (%), By Region, By Value, 2017-2027

 

 

List of Tables

 

 

Table 1: Global Digital Asset Management Market Size, By Product, By Value, 2017-2027

 

Table 2: Global Digital Asset Management Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 3: Global Digital Asset Management Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 4: Global Digital Asset Management Market Size, By Deployment, By Value (USD Billion), 2017-2027

 

Table 5: Global Digital Asset Management Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 6: Global Digital Asset Management Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 7: North America Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 8: North America Flow Battery Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 9: North America Flow Battery Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 10: North America Flow Battery Market Size, By Deployment, By Value (USD Billion), 2017-2027

 

Table 11: North America Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027,

 

Table 12: Europe Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 13: Europe Flow Battery Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 14: Europe Flow Battery Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 15: Europe Flow Battery Market Size, By Deployment, By Value (USD Billion), 2017-2027

 

Table 16: Europe Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 17: the Asia-Pacific Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 18: the Asia-Pacific Flow Battery Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 19: the Asia-Pacific Flow Battery Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 20: the Asia-Pacific Flow Battery Market Size, By Deployment, By Value (USD Billion), 2017-2027

 

Table 21: the Asia-Pacific Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 22: Latin America Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 23: Latin America Flow Battery Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 24: Latin America Flow Battery Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 25: Latin America Flow Battery Market Size, By Deployment, By Value (USD Billion), 2017-2027

 

Table 26: Latin America Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 27: The Middle-East & Africa Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 28: The Middle-East & Africa Flow Battery Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 29: The Middle-East & Africa Flow Battery Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 30: The Middle-East & Africa Flow Battery Market Size, By Deployment, By Value (USD Billion), 2017-2027

 

Table 31: The Middle-East & Africa Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 32: ADAM Software NV Financial Analysis

Table 33: ADAM Software NV Business Overview

Table 34: OpenText Corp. Financial Analysis

Table 35: OpenText Corp. Business Overview

Table 36: Adobe Systems Incorporated Financial Analysis

Table 37: Adobe Systems Incorporated Business Overview

Table 38: Bynder Financial Analysis

Table 39: Bynder Business Overview

Table 40: Canto, Inc. Financial Analysis

Table 41: Canto, Inc. Business Overview

Table 42: CELUM Financial Analysis

Table 43: CELUM Business Overview

Table 44: MediaValet Inc. Financial Analysis

Table 45: MediaValet Inc. Business Overview

Table 46: Pica9, Inc. Financial Analysis

Table 47: Pica9, Inc. Business Overview

Table 48: SAS Institute Inc. Financial Analysis

Table 49: SAS Institute Inc. Business Overview

Table 50: WebDAM Financial Analysis

Table 51: WebDAM Business Overview

Table 52: Widen Enterprises Inc. Financial Analysis

Table 53: Widen Enterprises Inc. Financial Analysis

Table 52: Worfront Inc. Financial Analysis

Table 53: Worfront Inc. Business Overview

Table 54: North Plains Systems Financial Analysis

Table 55: North Plains Systems Business Overview

Table 56: Oracle Corporation Financial Analysis

Table 57: Oracle Corporation Business Overview

Table 58: QBank Financial Analysis

Table 59: QBank Business Overview

Table 60: IBM Corporation Financial Analysis

Table 61: IBM Corporation Business Overview

Table 62: Digizuite A/S Financial Analysis

Table 63: Digizuite A/S Business Overview

Table 64: Extensis Financial Analysis

Table 65: Extensis Business Overview

Table 66: Nuxeo Financial Analysis

Table 67: Nuxeo Business Overvie

Market Segmentation

By Product

  • Library Asset Management
  • Production Asset Management
  • Digital Supply Chain Services

By Application

  • Enterprise
  • Marketing
  • Broadcast and Publishing
  • Others

By Component

  • Solutions
  • Services
  1. Consulting
  2. System Integration
  3. Training and Support

By Deployment

  • On-Premises
  • Cloud

By End-User

  • IT and Telecom
  • BFSI
  • Media and Entertainment
  • Retail
  • Healthcare
  • Travel and Tourism
  • Education
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global digital asset management market reached USD 3.73 billion in 2020.
Ans: Growing adoption of digital products and services among customers, as well as the potential of artificial intelligence to regulate workflow, are driving the global digital asset management market.
Ans: The key players in the global digital asset management market are: ADAM Software NV, OpenText Corp., Adobe Systems Incorporated, Bynder, Canto, Inc., CELUM, MediaValet Inc., Pica9, Inc., SAS Institute Inc., WebDAM, Widen Enterprises Inc., Workfront Inc., North Plains Systems, Oracle Corporation, QBank, IBM Corporation, Digizuite A/S, Extensis, Nuxeo, and other prominent players.
Ans: The services segment accounted for the largest share in the global digital asset management market.
Ans: North America has the largest share in the global digital asset management market.