Published on : Jul 27, 2017
Albany, New York, July 27, 2017: With digital data, mobile services and internet usage on the rise, digital asset management (DAM) technology has become a fast emerging market today. Recently, a study titled “2017-2022 Cloud Based Digital Asset Management Report on Global and United States Market, Status and Forecast, by Players, Types and Applications” has been broadcasted to the online repository of Market Research Hub (MRH), which offers deep insights to the current market scenario of Cloud-based digital asset management along with its future growth prospects for the given forecast period.
According to this report, the market for digital asset management is expected to witness strong growth, and also will gain a maximum value in USD during the forecast period. There are several factors aiding the demand for digital asset management market in the global as well and United States market. A key factor driving the growth prospects for this market is the recent shift from on premise to software-as-a-service (SaaS). Recently, it has been observed that many vendors have started moving from on premise to cloud-based solutions that offer drag-and-drop functionality, mobile accessibility, and intuitive services.
Digital Asset Management, also known as DAM, is an online solution which provides companies with the ability to organize, store, share and search their digital content easily and effectively. Organizations can manage digital content through cloud-based DAM systems available on the Internet. Some enormous benefits of cloud DAM include easy operation, quick adoption, great integrations, an instinctive user experience and security. Currently, Vendors offer cloud-based DAM solutions to help companies manage digital content through a centralized IT environment.
Geographically, the research is segmented into several key regions, with the detail of sales, market share, revenue and growth rate in these regions. The regions include United States, Asia-Pacific, Middle East and Africa, North America, Europe and South America. Among these, the research finds that North America, especially The United States, will still play an important role which cannot be ignored. As per the analyst's estimations, United States market has grown at a remarkable value in million USD in 2016, which will expand steadily by 2022 as well. Much of this growth can be attributed to the wide-scale popularity of cloud-based solutions among end users in the financial sector of this region.
Moreover, the market has been segmented on the basis of product and end-users/applications. Product wise segmentation includes Web-Based and Installed method. This software is used for personal as well as commercial use. Since cloud-based solutions offer low-cost options and rapid deployment of services, they are increasingly being adopted by end-users as they help reduce the total cost of operation.
The major players in global and United States Cloud Based Digital Asset Management market are Shotfarm, Canto, EnterMedia, Celum, Nuxeo, Widen, IntelligenceBank, QBANK and Onison.
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