Product ID: SQSG45B2010
Report ID:
SQSG45B2010 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
69 |
Figures:
75
Global Digital Asset Management (DAM) Market size was valued at USD 3.49 billion in 2019 and is poised to grow from USD 4.11 billion in 2023 to USD 8.15 billion by 2031, growing at a CAGR of 18% in the forecast period (2024-2031).
Digital assets like pictures, graphics, text-containing files, movies, and spreadsheets have grown significantly during the last few years. The quick digitization of contents has been primarily blamed for this rise. The authorized individual can save, review, update, retrieve, or distribute digital information via a centralized interface thanks to the digital asset management (DAM) solution. Additionally, a DAM solution handles permissions through copyright functions while automating and collaborating on workflow. Some of the well-liked DAM solutions include asset analytics, creative tool integration, asset and metadata archiving, video management, lifecycle & rights management, and web content management.
The primary factor propelling the growth of the digital asset management industry is the rising digitalization of content. DAM adoption has also been aided by the growing demand for collaborative digital workflow, particularly for marketing and sales activities. The increasing need for digital asset protection to prevent copyright issues is another factor driving demand for digital asset management systems. This need for better digital assets with lower operating expenses is projected to boost the expansion of the DAM market.
US Digital Asset Management (DAM) Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONGlobal Digital Asset Management (DAM) Market size was valued at USD 3.49 billion in 2019 and is poised to grow from USD 4.11 billion in 2023 to USD 8.15 billion by 2031, growing at a CAGR of 18% in the forecast period (2024-2031).
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Product ID: SQSG45B2010