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Digital Asset Management Software Market To Garner Exponential Growth By 2022: Global Forecast News

November 19, 2019 by Market-NewsFlash  

Global Digital Asset Management Software Market Information, by Deployment (On premise, Cloud), by Application Areas (Entertainment industry, BFSI, Education), by End Users (Small organizations, Medium organization, Large organizations) — Forecast 2016–2022

Digital Asset Management Software Market Overview:

The digital asset management software is growing rapidly, evolving pervasively mainly due to the extensive uptake of DAM solutions by the increasing number of companies, worldwide. Moreover, factors such as the huge technological advancements that allow rapid deployment of services of these low-cost solutions escalate the market on the global platform.

Acknowledging the pace at which the market is climbing up pervasively, Market Research Future (MRFR) in its recently published study report asserts that the global digital asset management software market will garner exponential accruals by 2022, registering a striking CAGR throughout the forecasting period (2016–2022).

Due to the more intuitive services that on-cloud deployment offers in comparison with the on-premise, such as drag-and-drop functionality, mobile accessibility, and others, enterprises are rapidly shifting to cloud-based offerings from on-premise solutions

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The media & entertainment sector has already been using digital asset management software solutions to manage massive digital content. Enterprises continue to leverage the DAM solutions with technologies such as next-generation interactive services, SEO, and mobility.

Digital Asset Management Software Regional Analysis

The North American region is expected to continue leading the global DAM software market for creating a larger revenue pocket. Factors such as the high adoption rate of cloud technology, technological development, and the presence of several key players that can offer cutting-edge technologies substantiate the market growth in the region.

Besides, substantial investments transpired into the field alongside the governmental initiatives towards growing environmental concerns such as save paper, green earth, and others are fostering the growth of the regional market. The U.S. and Canada heading with the increasing technological advancements and the uptake of this software are dominating the North American DAM software market.

Digital Asset Management Software Market — Competitive Analysis

The global digital asset management software market appears to be highly competitive characterized by the presence of several well-established as well as small players. Matured players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage and thus to maintain their positions in this market.

Additionally, some of the other strategies adopted by vendors in the market include greater commercialization of their products and promotion initiatives through increased collaboration.

Key Players:

Key players leading the global DAM software market include Adobe Systems (US), IBM Corporation (US), Oracle Corporation (US), Cognizant Technology Solutions (US), EMC Corporation (US), HP (US), Widen (US), Celartem Inc. (US), MediaBeacon Inc. (US), and CELUM (Austria) among others.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
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