USD 1.49 billion
Report ID:
SQSG45F2029 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
62
|Figures:
75
Global Media Asset Management Solutions Market size was valued at USD 1.49 billion in 2022 and is poised to grow from USD 1.69 billion in 2023 to USD 4.73 billion by 2031, growing at a CAGR of 13.70% during 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.
Global Market Size
USD 1.49 billion
Largest Segment
On primise
Fastest Growth
Online
Growth Rate
13.70% CAGR
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Global Media Asset Management Solutions Market is segmented by Deployment Mode, Enterprise Size, Application, End-Use Industry, and Region. Based on Deployment Mode, the market is segmented into On-premises, and Cloud. Based on Enterprise Size, the market is segmented into Large enterprises, and Small and Medium-sized Enterprises (SME). Based on Application, the market is segmented into Multi-platform distribution, and Advertising and marketing, Automating and optimizing, Secure access & content sharing, and Others. Based on End-Use Industry of Traders, the market is segmented into BFSI, Education, Healthcare, Government, Media & entertainment, Corporate, and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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.
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Market Driver
Novel Technologies and Solutions to Bolster its Demand during Forecast Period
Restraint
Risk of Malicious Hackers will Hinder Market Growth
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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.
Top Players Company Profiles
Recent Development
Growing Need for Analytics to Boost Demand for Media Asset Management Solutions
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 2022 | USD 1.49 billion |
Market size value in 2031 | USD 4.73 billion |
Growth Rate | 13.70% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQSG45F2029
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