Digital Asset Management Market to Grow at 21% CAGR to 2019

Jul 01, 2015, 06:30 ET from ReportsnReports

DALLAS, July 1, 2015 /PRNewswire/ --

ReportsnReports.com adds "Global Digital Asset Management Market 2015-2019" and "Digital Asset Management Market by Solutions - Global Forecast to 2019" research reports to the IT & Telecommunications intelligence collection of its research library.

The global digital asset management market 2015-2019 report spread across 76 pages, talking about 5 major companies and supported with 30 exhibits is now available at http://www.reportsnreports.com/reports/401695-global-digital-asset-management-2015-2019.html .

Over the past five years, vendors in digital asset management market have been constantly innovating to improve the customer experience. Vendors are moving to cloud-based offerings instead of on-premise solutions, as the former offer drag-and-drop functionality, mobile accessibility, and more intuitive services than on-premise offerings. Vendors are targeting companies of all sizes, offering affordable options for all business users and their digital asset needs. These solutions offer low-cost options and the rapid deployment of services. However, to ensure security, companies need to comply with government regulations.

According to this digital asset management market report, industries are gradually focusing on the digital medium to market their products. The near ubiquity of the Internet and widespread use of mobile devices, along with rising online usage, have encouraged companies to consider DAM solutions as an add-on factor to boost business development initiatives. The media and entertainment industry has been increasingly using DAM solutions to manage massive digital content. Industries continue to leverage DAM solutions with technologies such as next-generation interactive services, SEO, and mobility.

The companies that are key players in the global digital asset management market and discussed in this research include Cognizant, EMC, HP, IBM and Oracle. Other Prominent Vendors mentioned in this report are ADAM Software, Adgistics, Adnovate, Adobe, Aetopia, Asset Bank, Brand Wizard, Brandworkz, Bynder, Canto, Celum, ConceptShare, DMX, Duraspace, EMC, Entermedia, Extensis, Filecamp, Fotoware, Genus, Global edit, GRR System, House & Co., HP Autonomy, Hyland, MediaBeacon, MediaSilo, Mediavalet, MerlinOne, Microsoft, Northplains, Nuxeo, OpenText, PicturePark, Pixfolia, ResourceSpace, Saepio, SDL, Third Light, WebDAM and Widen. Order a copy of global digital asset management market 2015-2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=401695 .

This report says increased use of DAM across industry verticals and complex management of rich media content are the major market growth drivers with trends dominated by a shift to software as a service (SaaS) as well as growing demand for high-quality images. Major challenges for players in the digital asset management market as per this report include reluctance to adopt new system and integration with existing system.

On the other hand, the research titled Digital Asset Management Market by Solutions (Video Management, Creative Tool Integration, Asset Analytics, Web Content Management Integration, Brand Portals, Asset and Metadata Archiving, Lifecycle and Rights Management) - Global Forecast to 2019 forecasts the DAM market to grow from $1.16 billion in 2014 to $4.12 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period. North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific are expected to experience an increase in market traction during the forecasted period.

Digital Asset Management (DAM) is at its growing stage and is expected to rise considerably due to the enhancement and innovation of technology in this sector. At present, users demand those solutions which are based on real-time optimization so that they can accomplish their task without any delay. Enterprises and SMBs are demanding digital asset management solutions that can help them in centralization of their digital assets. Also, DAM allows organizations to store collaborate, manage, allocation of metadata, and asset tracking with its pioneering solutions. DAM solutions can be deployed on cloud and on-premises, which help users to have cost effective solutions. Furthermore, cloud-based DAM solutions help companies to improve their efficiency without expansion of their IT resources. The expansion of DAM solutions on cloud has encouraged solution providers to provide cloud based product offerings to enhance their market reach among diverse industry verticals. Moreover, DAM solution and services have been started being used exponentially by various industry verticals such as media and entertainment, retail, government, healthcare, and consumer goods to name a few.

The major driving force for the digital asset management software market, according to this report ( http://www.reportsnreports.com/reports/344641-digital-asset-management-market-by-solutions-video-management-creative-tool-integrationasset-analytics-web-content-management-integration-brand-portals-asset-and-metadata-archiving-lifecycle-and-rights-management-global-forecast-to-2019.html ), is the augmented consumption and emphasis on the digital media. Today, companies are increasingly focusing on the digital medium for marketing endeavors due to the substantial adoption of mobile devices, growing internet consumption, along with the increasing overall online time spent by the users. Thereby, this boosts businesses to consider DAM solutions that can supplement their business advancements and improve customer relations.

Companies profiled in this digital asset management market by solutions report include Open Text, Oracle Corporation, Adobe Systems, Hewlett-Packard (HP), ADAM Software, IBM Corporation, EMC, Cognizant, North Plains Systems Corporation and Widen Enterprises. Order a copy of Digital Asset Management Market by Solutions (Video Management, Creative Tool Integration, Asset Analytics, Web Content Management Integration, Brand Portals, Asset and Metadata Archiving, Lifecycle and Rights Management) - Global Forecast to 2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=344641 .

This research broadly segments the Digital Asset Management market by regions as North America (NA), Asia-Pacific (APAC), Europe , Middle East & Africa (MEA) and Latin America (LA); by solutions as video management, creative tool integration, brand portals, asset analytics, web content management integration, asset and metadata archiving, lifecycle and right management; by service type as training and support, consulting and implementation; by deployment type as on-premise and cloud; by user type as SMB's and enterprise; by industry verticals as media and entertainment, government, electronics, healthcare, retail and utility, apparels, education, consumer goods and others.

Explore more reports on the IT & Telecommunications market at http://www.reportsnreports.com/market-research/information-technology/ .

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