The digital asset management market size is projected to grow from USD 2.44 Billion in 2017 to USD 5.66 Billion by 2022, at an expected CAGR of 18.3%.

Seattle, WA -- (SBWire) -- 10/11/2017 --According to a new market research report "Digital Asset Management (DAM) Market by Component (Solutions and Services), Application (Enterprise, Marketing, and Broadcasting and Publishing), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the digital asset management market is projected to grow from USD 2.44 Billion in 2017 to USD 5.66 Billion by 2022, at a CAGR of 18.3%. DAM solutions and services are witnessing a rising demand across the globe due to the significant rise in digital assets across different industry verticals. Moreover, the increased spending on digital marketing by industries is also considered as a vital factor driving the growth of this market.

Browse 60 Market Data Tables and 33 Figures spread through 135 Pages and in-depth TOC on "Digital Asset Management (DAM) Market by Component (Solutions and Services), Application (Enterprise, Marketing, and Broadcasting and Publishing), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022"

http://www.marketsandmarkets.com/Market-Reports/digital-asset-management-market-96538567.html

The cloud deployment segment is expected to grow at the highest CAGR during the forecast period

The cloud deployment segment is projected to grow at the highest growth rate during the forecast period, due to the cost benefits and speed of deployment offered by cloud as compared to on-premises. However, the on-premises deployment segment is expected to account for the largest share of the market in 2017, as large enterprises prefer to store and manage their vital digital assets in their own infrastructure.

Media and entertainment segment to account for the largest share of the market in 2017

In 2017, the media and entertainment segment is expected to account for the largest share of the market. This can be attributed to the fact that media and entertainment industries deals with plethora of digital assets to drive their business. Managing these bulk of digital assets is a major challenge and requires dedicated advanced solutions such as DAM. This factors, create good opportunities for DAM solutions and services in the media and entertainment industries. However, the consumer goods and retail segment is expected to grow at the highest CAGR during the forecast period. The tremendous rise of e-commerce industries in recent years has been a major factor expected to aid DAM solutions and services.

Request to Get PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=96538567

In 2017, North America to account for the largest share of the market

North America is expected to hold the largest market share and dominate the DAM market from 2017 to 2022, due to the presence of large numbers of DAM vendors in the region. The region also has a high concentration of media and entertainment industries that largely contribute to the adoption of DAM solutions and services.

The major solution and service providers in the DAM market include ADAM Software NV (Belgium), Adobe Systems Incorporated (U.S.), OpenText Corporation (Canada), Celum (Austria), MediaBeacon (U.S.), Canto, Inc. (U.S.), Widen (U.S.), WebDAM (U.S.), Bynder (Netherlands), NorthPlains (Canada), MediaValet, Inc. (Canada), and Cognizant (U.S.).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com