Technology & Telecommunications

According to a market report by Lucintel, the future of the global digital asset management market looks promising with opportunities in the retail & e-commerce, BFSI, manufacturing, IT & telecom, media & entertainment, government & public sector, travel & hospitality, and healthcare markets. The global digital asset management market is expected to reach an estimated $11.5 billion by 2028 with a CAGR of 15.3% from 2023 to 2028. The major drivers for this market are growing demand for smartphones, tablets, and social media, rising demand of collaborative workflow for marketing and sales activities, and increasing trend of cloud-based delivery options across the globe.



In this market, on-premises and cloud are two segments of digital asset management market by deployment. Lucintel forecasts that on-premises will remain the larger segment over the forecast period due to rapid adoption of on-premises deployment in training and development department in all organizations and majority of companies are also deploying technology-enabled learning which allows employees to record, display, and create innovative ideas in the company.



Within this market, media & entertainment is expected to remain largest segment due to increasing consumption of digital content along with expansion of subscriber base online content-based publishers, and integration of new OTT services across existing subscription based streaming devices.



North America will remain the largest region during the forecast period due to growing investments in cloud adoption, increasing penetration of IoT devices, and rising social media, e-commerce, and other digital channels in the region. 



MediaBeacon, Adobe Systems, Cognizant, Open Text, Widen, Bynder, Brandfolder, BrandMaker, Censhare, Mediavalet, Wedia, and Digizuite are the major suppliers in the global digital asset management market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global digital asset management market by component, business function, deployment, organization size, end use industry, sales channel, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Digital Asset Management Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global digital asset management market by component, business function, deployment, organization size, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the digital asset management market by component (solutions, services, consulting, integration and implementation, and training, support, and maintenance), business function (human resources, information technology, sales & marketing, and others),  deployment (on-premises and cloud), organization size (large enterprises and SMEs), end use industry (retail & e-commerce, BFSI, manufacturing, IT & telecom, media & entertainment, government & public sector, travel & hospitality, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?