Articles

Digital Asset Management Market Latest Growth, Trends, Analysis And Forecast by 2024

by navdeep kaurav Research Analyst
The digital asset management market is growing with a considerable rate due to rising demand for collaborative digital workflows, escalating the need for compliance with regulatory standards and mounting concerns about misplaced data and loss. Growing demand for integrated solutions pertaining to marketing initiatives and mounting requirements for software as a service (SaaS) based solutions are some of the factors providing opportunities for the digital asset management market to grow with a significant rate in the coming years.


Organizations can centrally organize and quickly locate their digital assets such as documents, presentations, videos, images, and other files with the help of digital management systems. Some benefits of digital asset management systems are easy distribution, simple workflow improvements and assured protection of large amounts of digital assets.

The companies can enhance their productivity in a cost-effective manner with the use of cloud based asset management solutions because information technology (IT) resource expansion is not involved in it. However, the practicability for cloud solution adoption and its integration with the existing IT ecology are still the ongoing concerns across the organizations. This results in encouraging digital asset management software vendors to offer the cloud based solutions to expand their services. In addition, digital asset management solutions are increasingly becoming common, since they allow the companies to steadily store and access the assets along with preserving digital content. This further increases the acceptance of cloud based digital asset management solutions globally.

On the basis of solutions, the digital asset management market can be categorized as web content management, asset and metadata archiving, video management, lifecycle and rights management, asset analytics, creative tool integration and brand portal. The digital asset management market can be categorized on the basis of services provided as training and support market, implementation market and consulting market. On the basis of deployment type, the digital asset management market can be categorized as on-premises and cloud. 


Lack of interest in digital asset management among top management, prevalence of expensive digital asset management solution, and perplexing management of continually changing digital assets are some of the factors restraining the growth of the digital asset management market to some extent.

Some of the competitors in the digital asset management market are Oracle Corporation, Cognizant Technology Solutions Corp., Hewlett-Packard Development Company, L.P., Adobe Corporation, Widen Enterprises, Inc., EMC Corporation, ADAM Software NV, North Plains Systems Corp., and MediaBeacon among others.

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About navdeep kaurav Freshman   Research Analyst

3 connections, 0 recommendations, 20 honor points.
Joined APSense since, August 9th, 2019, From noida, India.

Created on Nov 18th 2019 23:26. Viewed 366 times.

Comments

Toan H. Junior  toantoanha
Lack of interest in digital asset management among top management, prevalence of expensive digital asset management solution, and perplexing management of continually changing digital assets are some of the factors restraining the growth of the digital asset management market to some extent.
Nov 19th 2019 00:59   
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