Global Media Asset Management Solutions Market

Media Asset Management Solutions Market Size, Share, Growth Analysis, By Deployment(On-premise, Cloud), By Application(Large Enterprises, Small, Medium Enterprises), By Region - Industry Forecast 2024-2031


Report ID: SQSG45F2029 | Region: Global | Published Date: February, 2024
Pages: 165 |Tables: 62 |Figures: 75

Media Asset Management Solutions Market Insights

Global Media Asset Management Solutions Market size was valued at USD 1.37 billion in 2019 and is poised to grow from USD 1.56 billion in 2023 to USD 5.03 billion by 2031, growing at a CAGR of 13.9% in the forecast period (2024-2031).

Content is one of the most important part of media organizations and broadcasters. Therefore, the need for saving and file sharing solutions is pivotal. Media Asset Management Solutions provide a wide variety of services in terms of sharing and privacy. Quick file retrieval, storing files, file accessibility, and exchange. It finds application in movie studios, television networks, and broadcasters as it provides seamless operation, security, and accuracy.

Market players are investing to develop advanced solutions and increase revenue generating opportunities for users. These cutting edge technologies will bring lucrative growth opportunities for players in the market.

US Media Asset Management Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 1.37 billion

Largest Segment

On primise

Fastest Growth

Online

Growth Rate

13.9% CAGR

Global Media Asset Management Solutions Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Media Asset Management Solutions Market Segmental Analysis

The global media asset management solutions market segmentation is based on deployment, application, and region. Based on deployment the market is segmented into on-premise and cloud. Based on application the market is segmented into large enterprises and small and medium enterprises. Based on region the global media asset management solutions market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Media Asset Management Solutions Market Analysis by Deployment

The on-premise segment accounted for the largest market share in 2021. During the projected timeframe, the on-premise category will significantly increase its market share of media asset management solutions. The on-premises management solutions market solutions provide functions including reporting, budgeting, and workflow simplification. Because it is sturdy, pricey, and only appropriate for such contexts, this software is ideal for huge, sophisticated marketing operations. It offers a framework for coordinating marketing goals and tactics across numerous business divisions, operations, or product lines. On-premises software's primary benefit is that it gives companies total control over their vital data. During the projection period, these variables will fuel segment expansion.

Global Media Asset Management Solutions Market By Deployment , 2021(%), 2019 (%)

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Media Asset Management Solutions Market Regional Insights

In 2021, North America dominated the global media asset management solutions market. In terms of market share, North America is predicted to rule the media asset management solutions industry. One of the primary factors contributing to North America's dominance in the market for media asset management solutions is the region's abundance of media organizations and broadcasters. In North America, the US is the primary market for media asset management products. Over the projected period, the market expansion for media asset management solutions in North America would be aided by hyper scalers' determination to extend the network in the area. Due to the region's expanding broadcast and media industries, the Asia Pacific region is predicted to have the highest growth rate in the market for media asset management solutions.

Asia Pacific will likely rise in the global competition as this region has a huge broadcast and media industry in countries such as India and China. New players are emerging in the region. Existing players are expanding their consumer base by offering novel solutions.

Global Media Asset Management Solutions Market By Geography, 2021 - 2028, 2024-2031
  • Largest
  • Fastest

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Media Asset Management Solutions Market Dynamics

Media Asset Management Solutions Market Driver

Novel Technologies and Solutions to Bolster its Demand during Forecast Period

  • One of the main factors promoting the growth of the market for media asset management systems is the steady transition from on-premises to cloud-based management solutions market solutions. Therefore, cloud storage solutions enable businesses to use cloud storage services in accordance with their storage needs. As a result, the benefits of cloud-based management solutions market solutions have gradually replaced on-premises management solutions market solutions, favorably impacting the growth of the global management solutions market throughout the course of the projection period.
  • Solutions for managing media assets make it simple to share videos and photos in any format, store the files in one place, and restrict access from different groups of individuals. Due to these benefits, the market for media asset management solutions is estimated to grow quickly.

Media Asset Management Solutions Market Restraint

Risk of Malicious Hackers will Hinder Market Growth

  • Concerns about data privacy and security are some of the things preventing the market for media asset management systems from expanding. Due to the numerous patchworks of open-source programs that make up cloud infrastructure, there is a significant chance that new bugs will be introduced over time. Due to the open architecture and shared files that cloud-based technology is built on; malicious hackers can readily access cloud-based data storage systems. As a result, it is expected that throughout the projection period, concerns about data privacy and security related to management solutions market solutions will restrain the market's expansion.

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Media Asset Management Solutions Market Competitive Landscape

The top five competitors are expected to control 20% to 25% of the market for global media asset management solutions. At this time, businesses are investing more money than ever before in their websites, online sales, and digital advertising. Even small and medium-sized businesses are switching from traditional forms of advertising to digital advertising, not only big businesses. Businesses invest a sizable portion of their overall advertising budget in different digital advertising strategies. Because of this, there is a huge necessity for media and broadcasting solutions and services for managing data and advertisements, which in turn is fueling the market for media asset management products.

Media Asset Management Solutions Market Top Players Company Profiles

  • Avid Technology, Inc.
  • Oracle Corporation
  • Adobe Inc.
  • Dalet Digital Media Systems
  • Grass Valley USA, LLC
  • Vizrt Group AS
  • Sony Corporation
  • Prime Focus Technologies
  • VSN Group
  • Evertz Microsystems, Ltd.
  • Microsoft Corporation
  • Imagine Communications Corp.
  • Harris Broadcast Communications
  • Deluxe Entertainment Services Group, Inc.
  • MediaBeacon, Inc.
  • Signiant, Inc.
  • Levels Beyond, Inc.
  • Brightcove Inc.
  • Tedial S.L.
  • Primestream Corporation

Media Asset Management Solutions Market Recent Development

  • In April 2022, Multirio strengthened its playout facilities at Rio de Janeiro facility. This project will extend its partnership with Etere.
  • In May 2022, VidiNet integrated artificial intelligence into its existing video and image material to accelerate and simplify search and documentation of media assets.

Media Asset Management Solutions Key Market Trends

Growing Need for Analytics to Boost Demand for Media Asset Management Solutions

  • Another factor driving the growth of the media asset management solutions market is the increasing use of analytics to manage media assets. In order to effectively manage corporate online content, their services assist organizations in managing unstructured enterprise data, such as text-based data, photos, or videos, into structured information. Predictive analytical tools for content analytics are commonly used in organizations. The newest features added to management solutions market systems are analytical solutions, which assist asset managers in managing organizational media assets by applying cutting-edge IT solutions. As a result, during the projected timeline, the growing use of analytics to manage media assets is expected to have a favorable impact on the market for management solutions market systems globally.

Media Asset Management Solutions Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, in 2021, the on-premise market category held the biggest market share. The on-premise category will dramatically boost its market share for media asset management products over the expected time horizon. The global market for media asset management solutions was dominated by North America in 2021. Players in the market are offering these services to all business segments. Major players are focusing on creating novel solutions and strengthening their tools and technologies.

Report Metric Details
Market size value in 2019 USD 1.37 billion
Market size value in 2031 USD 5.03 billion
Growth Rate 13.9%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Deployment
    • On-premise, Cloud
  • Application
    • Large Enterprises, Small, Medium Enterprises
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Avid Technology, Inc.
  • Oracle Corporation
  • Adobe Inc.
  • Dalet Digital Media Systems
  • Grass Valley USA, LLC
  • Vizrt Group AS
  • Sony Corporation
  • Prime Focus Technologies
  • VSN Group
  • Evertz Microsystems, Ltd.
  • Microsoft Corporation
  • Imagine Communications Corp.
  • Harris Broadcast Communications
  • Deluxe Entertainment Services Group, Inc.
  • MediaBeacon, Inc.
  • Signiant, Inc.
  • Levels Beyond, Inc.
  • Brightcove Inc.
  • Tedial S.L.
  • Primestream Corporation
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Media Asset Management Solutions Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Media Asset Management Solutions Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Media Asset Management Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Media Asset Management Solutions Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Media Asset Management Solutions Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Media Asset Management Solutions Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Media Asset Management Solutions Market size was valued at USD 1.37 billion in 2019 and is poised to grow from USD 1.56 billion in 2023 to USD 5.03 billion by 2031, growing at a CAGR of 13.9% in the forecast period (2024-2031).

The top five competitors are expected to control 20% to 25% of the market for media asset management solutions. At this time, businesses are investing more money than ever before in their websites, online sales, and digital advertising. Even small and medium-sized businesses are switching from traditional forms of advertising to digital advertising, not only big businesses. Businesses invest a sizable portion of their overall advertising budget in different digital advertising strategies. Because of this, there is a huge necessity for media and broadcasting solutions and services for managing data and advertisements, which in turn is fueling the market for media asset management products. 'Avid Technology, Inc.', 'Oracle Corporation', 'Adobe Inc.', 'Dalet Digital Media Systems', 'Grass Valley USA, LLC', 'Vizrt Group AS', 'Sony Corporation', 'Prime Focus Technologies', 'VSN Group', 'Evertz Microsystems, Ltd.', 'Microsoft Corporation', 'Imagine Communications Corp.', 'Harris Broadcast Communications', 'Deluxe Entertainment Services Group, Inc.', 'MediaBeacon, Inc.', 'Signiant, Inc.', 'Levels Beyond, Inc.', 'Brightcove Inc.', 'Tedial S.L.', 'Primestream Corporation'

One of the main factors promoting the growth of the market for media asset management systems is the steady transition from on-premises to cloud-based management solutions market solutions. Therefore, cloud storage solutions enable businesses to use cloud storage services in accordance with their storage needs. As a result, the benefits of cloud-based management solutions market solutions have gradually replaced on-premises management solutions market solutions, favorably impacting the growth of the management solutions market throughout the course of the projection period.

Another factor driving the growth of the media asset management solutions market is the increasing use of analytics to manage media assets. In order to effectively manage corporate online content, their services assist organizations in managing unstructured enterprise data, such as text-based data, photos, or videos, into structured information. Predictive analytical tools for content analytics are commonly used in organizations. The newest features added to management solutions market systems are analytical solutions, which assist asset managers in managing organizational media assets by applying cutting-edge IT solutions. As a result, during the projected timeline, the growing use of analytics to manage media assets is expected to have a favorable impact on the market for management solutions market systems globally.

In 2021, North America dominated the media asset management solutions market. In terms of market share, North America is predicted to rule the media asset management solutions industry. One of the primary factors contributing to North America's dominance in the market for media asset management solutions is the region's abundance of media organizations and broadcasters. In North America, the US is the primary market for media asset management products. Over the projected period, the market expansion for media asset management solutions in North America would be aided by hyper scalers' determination to extend the network in the area. Due to the region's expanding broadcast and media industries, the Asia Pacific region is predicted to have the highest growth rate in the market for media asset management solutions.

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