DUBLIN, Oct. 19, 2022 /PRNewswire/ — The “Digital Asset Management Global Market Report 2022, By Type, Deployment Type, Enterprise Size, Application, End User” report has been added to ResearchAndMarkets.com’s offering.
The global digital asset management market is expected to grow from $4.30 billion in 2021 to $5.09 billion in 2022 at a compound annual growth rate (CAGR) of 18.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $9.42 billion in 2026 at a CAGR of 16.6%.
North America was the largest region in the digital asset management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing prevalence of cloud-based digital asset management (DAM) solutions is projected to propel the growth of the digital asset management (DAM) market. Cloud-based digital asset management (DAM) is a platform that enables businesses to handle, store, and organize their resources in a cloud-based environment.
Any organization that uses resources for packaging, marketing, advertisement, or any other business-related activity would benefit from a cloud DAM. For instance, according to the report by IO integration, the use of digital asset management (DAM) software has increased, about 62% of companies are using digital asset management (DAM)…