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Vendor Insights-
The digital asset management market report offers information on several market vendors, including Adobe Inc., Bynder BV, Cognizant Technology Solutions Corp., Dell Technologies Inc., HP Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Open Text Corp., and Tata Consultancy Services Ltd. among others. Moreover, the market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
- Adobe Inc. - The digital asset management solution of the company provides users with continuous innovation and seamless scale to meet complex business needs.
- Bynder BV - Digital asset management solution allows the users to share files internally and externally, control access and usage, and others.
- Cognizant Technology Solutions Corp. - The company provides a solution that helps enterprises manage end-to-end content lifecycle and create paths for delivering engaging customer experience.
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Segmentation Analysis & Forecasts
The digital asset management market is segmented by Type (on-premises and cloud). The digital asset management market share growth in the on-premises segment will be significant during the forecast period.
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Latest Drivers & Challenges of the Market-
- Digital Asset Management Market Driver:
- Shift from on-premises to SaaS:
The Vendors are gradually moving from on-premises to cloud-based solutions, which offer drag-and-drop functionality, mobile accessibility, and more intuitive services. Vendors are targeting companies of all sizes by offering affordable options for all business users and their digital asset needs. These solutions offer low-cost options and rapid deployment of services. The key benefit of implementing cloud-based solutions is the pay-per-use pricing model, where clients pay only for what they use. Cloud-based solutions are also flexible in terms of deployment models. These services are available in three deployment models: IaaS, PaaS, and SaaS. Clients can build their cloud-based infrastructure as per their business requirements. Cloud-based infrastructure helps clients to reduce the TCO of software and hardware. Cloud computing solutions provide flexibility to increase or decrease enterprise data and storage capacity as per requirements. Organizations are leveraging cloud-based storage services as the service providers manage digital files and offer disaster recovery solutions as well. Thus, firms can recover their enterprise data at any point in time in case of a technical failure. Enterprises generate a massive amount of data from social media and other sources, which require efficient cloud storage systems with centralized access to documents. Therefore, cloud storage solutions allow organizations to use cloud storage services as per storage requirements.
- Digital Asset Management Market Challenge:
- Data privacy and security concerns:
Data privacy and security risks are among the major barriers to the adoption of cloud services in organizations, especially in the public cloud. Cloud security management is a challenging task for vendors as numerous instances of online hacking and security breaches have been discovered. Online digital files need to be secured from unauthorized access in the cloud-based IT infrastructure. Cloud infrastructures are based on many patchworks of open-source code, and there is always a high probability of introducing flaws in cloud systems. The public cloud infrastructure is more affected due to glitches in the source codes, as public clouds are multi-tenant that can affect various applications running in the cloud environment. Cyber-attackers can easily gain access to cloud-based data storage systems as cloud-based infrastructure is based on open architecture and shared resources. Vendors should encrypt the client's data and implement multi-factor authentication systems, such as biometrics, for authorization of users in the clients' IT systems. Vendors should also need to comply with the regulatory guidelines for cloud security management.
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Digital Asset Management Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.04% |
Market growth 2021-2025 |
$ 7.45 billion |
Market structure |
Fragmented |
YoY growth (%) |
19.81 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Adobe Inc., Bynder BV, Cognizant Technology Solutions Corp., Dell Technologies Inc., HP Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Open Text Corp., and Tata Consultancy Services Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: System software
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces analysis 2020 & 2025
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 On premises - Market size and forecast 2020-2025
- Exhibit 17: On premises - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: On premises - Year-over-year growth 2020-2025 (%)
- 5.4 Cloud - Market size and forecast 2020-2025
- Exhibit 19: Cloud - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Cloud - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Type
- Exhibit 21: Market opportunity by Type
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Adobe Inc.
- Exhibit 43: Adobe Inc. - Overview
- Exhibit 44: Adobe Inc. - Business segments
- Exhibit 45: Adobe Inc. - Key news
- Exhibit 46: Adobe Inc. - Key offerings
- Exhibit 47: Adobe Inc. - Segment focus
- 10.4 Bynder BV
- Exhibit 48: Bynder BV - Overview
- Exhibit 49: Bynder BV - Product and service
- Exhibit 50: Bynder BV - Key news
- Exhibit 51: Bynder BV - Key offerings
- 10.5 Cognizant Technology Solutions Corp.
- Exhibit 52: Cognizant Technology Solutions Corp. - Overview
- Exhibit 53: Cognizant Technology Solutions Corp. - Business segments
- Exhibit 54: Cognizant Technology Solutions Corp. - Key news
- Exhibit 55: Cognizant Technology Solutions Corp. - Key offerings
- Exhibit 56: Cognizant Technology Solutions Corp. - Segment focus
- 10.6 Dell Technologies Inc.
- Exhibit 57: Dell Technologies Inc. - Overview
- Exhibit 58: Dell Technologies Inc. - Business segments
- Exhibit 59: Dell Technologies Inc. - Key news
- Exhibit 60: Dell Technologies Inc. - Key offerings
- Exhibit 61: Dell Technologies Inc. - Segment focus
- 10.7 HP Inc.
- Exhibit 62: HP Inc. - Overview
- Exhibit 63: HP Inc. - Business segments
- Exhibit 64: HP Inc. - Key news
- Exhibit 65: HP Inc. - Key offerings
- Exhibit 66: HP Inc. - Segment focus
- 10.8 Huawei Investment and Holding Co. Ltd.
- Exhibit 67: Huawei Investment and Holding Co. Ltd. - Overview
- Exhibit 68: Huawei Investment and Holding Co. Ltd. - Business segments
- Exhibit 69: Huawei Investment and Holding Co. Ltd. - Key news
- Exhibit 70: Huawei Investment and Holding Co. Ltd. - Key offerings
- Exhibit 71: Huawei Investment and Holding Co. Ltd. - Segment focus
- 10.9 International Business Machines Corp.
- Exhibit 72: International Business Machines Corp. - Overview
- Exhibit 73: International Business Machines Corp. - Business segments
- Exhibit 74: International Business Machines Corp. - Key news
- Exhibit 75: International Business Machines Corp. - Key offerings
- Exhibit 76: International Business Machines Corp. - Segment focus
- 10.10 Microsoft Corp.
- Exhibit 77: Microsoft Corp. - Overview
- Exhibit 78: Microsoft Corp. - Business segments
- Exhibit 79: Microsoft Corp. - Key news
- Exhibit 80: Microsoft Corp. - Key offerings
- Exhibit 81: Microsoft Corp. - Segment focus
- 10.11 Open Text Corp.
- Exhibit 82: Open Text Corp. - Overview
- Exhibit 83: Open Text Corp. - Business segments
- Exhibit 84: Open Text Corp. - Key news
- Exhibit 85: Open Text Corp. - Key offerings
- Exhibit 86: Open Text Corp. - Segment focus
- 10.12 Tata Consultancy Services Ltd.
- Exhibit 87: Tata Consultancy Services Ltd. - Overview
- Exhibit 88: Tata Consultancy Services Ltd. - Business segments
- Exhibit 89: Tata Consultancy Services Ltd. - Key news
- Exhibit 90: Tata Consultancy Services Ltd. - Key offerings
- Exhibit 91: Tata Consultancy Services Ltd. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 92: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 93: Research Methodology
- Exhibit 94: Validation techniques employed for market sizing
- Exhibit 95: Information sources
- 11.4 List of abbreviations
- Exhibit 96: List of abbreviations
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