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Digital Asset Management Software Market Share

ID: MRFR//0690-HCR | 110 Pages | Author: Ankit Gupta| November 2024

In the competitive landscape of the Digital Asset Management (DAM) Software Market, market share positioning strategies play a pivotal role in determining the success and growth of companies. Digital Asset Management software enables organizations to efficiently store, organize, retrieve, and distribute digital assets such as images, videos, documents, and more. Within this market, companies employ various strategies to carve out their niche and gain a competitive edge.


One common strategy is differentiation through feature innovation. Companies strive to differentiate their DAM solutions by introducing innovative features and functionalities that address specific pain points of their target customers. For instance, some may focus on advanced metadata tagging capabilities, while others may emphasize AI-driven content recognition and automatic tagging. By continuously innovating, these companies attract customers looking for cutting-edge solutions tailored to their needs, thus capturing a larger market share.


Another crucial aspect of market share positioning is pricing strategy. Companies adopt different pricing models such as subscription-based, tiered pricing, or usage-based pricing to appeal to different customer segments. Some may opt for a low-cost strategy to capture price-sensitive customers, while others may position themselves as premium providers offering high-value features and premium support services at a higher price point. By aligning pricing with perceived value and target market segments, companies can effectively capture market share while maximizing revenue.


Furthermore, strategic partnerships and alliances play a significant role in market share positioning. Collaboration with complementary technology providers, integration with popular platforms, or partnerships with industry influencers can significantly enhance a company's visibility and credibility in the market. By leveraging partnerships, companies can extend their reach to new customer segments, penetrate new markets, and strengthen their competitive position against rivals.


In addition to these strategies, effective marketing and branding are essential for market share positioning. Companies invest in targeted marketing campaigns, content marketing, social media engagement, and participation in industry events to increase brand awareness and generate leads. A strong brand presence helps companies differentiate themselves from competitors, build trust with customers, and influence purchasing decisions, ultimately leading to a larger market share.


Moreover, customer experience and satisfaction play a critical role in market share positioning. Companies that prioritize customer success, provide excellent support services, and actively solicit feedback can create loyal customer bases and drive positive word-of-mouth referrals. Positive customer experiences not only lead to customer retention but also attract new customers through referrals and testimonials, contributing to the company's market share growth over time.


Lastly, continuous product improvement and adaptation to evolving market trends are indispensable for maintaining and expanding market share. Companies must stay agile and responsive to changing customer needs, technological advancements, and competitive dynamics. Regular updates, feature enhancements, and product roadmap alignment with market demands ensure that companies remain relevant and competitive in the ever-evolving DAM software market landscape.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 13.41% (2023-2032)

Digital Asset Management Software Market Overview


The Digital Asset Management Software Market is projected to grow from USD 6.23 billion in 2024 to USD 15.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.78% during the forecast period (2024 - 2032). Additionally, the market size for digital asset management software was valued at USD 5.5 billion in 2023.


Emphasis on improving the digital experience of customers and increasing the number of digital assets are the key market drivers enhancing market growth.


Figure 1: Digital Asset Management Software Market Size, 2023-2032 (USD Billion)


Digital Asset Management Software Market Overview 2024


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Digital Asset Management Software Market Trends


Growth in the number of digital assets is driving the market growth


Market CAGR for digital asset management software is being driven by the rising number of digital assets. There is a significant rise in digital content because of the rising automation and connected devices trend. Digital asset management software is being largely adopted by the food and beverage section. Hence the market is likely to grow with the growing implementation of digital asset management services and solutions. The advancement in technologies is also boosting market growth.


Digital assets like photos, files containing text, images, videos, or spreadsheets are growing significantly over the past few years due to the digitization of content. The authorized user can store, edit, review, retrieve, or share digital information over a centralized interface with digital asset management (DAM) solutions. This also collaborates with the workflow and automates and manages permissions via copyright functionality. Some of the famous DAM solutions include creative tool integration, asset analytics, video management, asset and metadata archiving, lifecycle & rights management, and web content management. The rise in the digitization of content is the main feature driving the market due to the increasing adoption of the collaborative digital workflow, mainly for marketing and sales activities, and the need for the security of digital assets that have minimized operational costs. Organizations are rapidly adopting cloud-based enterprise services and solutions.


The appearance of social media and visuals is foreseen to grow the demand for the high quality and best food goods. The main market players in the industry of food and beverages, in order to boost their brand building, must use intelligent technologies. Thus for these industries, a coherent system for all the consumers is created by the digital asset management solutions throughout the channels and agencies. The DAM helps organizations build more innovative and informed content decisions, as getting customer attention is critical in the food and beverage industry. Thus, driving the Digital Asset Management Software market revenue.


Digital Asset Management Software Market Segment Insights


Digital Asset Management Software Deployment Insights


The global Digital Asset Management Software market segmentation, based on deployment, includes on-premise and cloud (SaaS). The cloud (SaaS) segment dominates the market and accounts for the largest market revenue as the vendors are shifting rapidly away from on-premises systems, and the SaaS-based systems offer mobile availability and other intuitive features. The affordability of the model responds to comprehensive digital asset requirements by addressing organizations of all different sizes. The solution is a low-cost alternative and speedy service deployment.


Figure 2: Digital Asset Management Software Market, by Deployment, 2022 & 2032 (USD Billion)


Global Digital Asset Management Software Market, by Deployment, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Digital Asset Management Software End User Insights


 The global Digital Asset Management Software market segmentation, based on end users, includes Media and Entertainment, BFSI, Government, Healthcare, Retail, Manufacturing, and Others. The media and entertainment segment dominates the market due to the increase in the utilization of digital and the expansion of the subscriber base of online content-based publishers. There are several risks involved in the production and distribution of entertainment products, which are further improved in the digital platform, which facilitates the reproduction of the original product and its fast global distribution. The inclusion of new OTT services throughout the existing subscription-based streaming devices is also foreseen to fuel the market throughout the different regions.


Digital Asset Management Software Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Digital Asset Management Software market dominates the market because of the growth in the Digital Asset Management (DAM) market in this region with the rise in investments in innovation activities, IoT devices growth, cloud adoption, and others. The rise in the digitization of different end-user industries of the region is boosting market growth.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: DIGITAL ASSET MANAGEMENT SOFTWARE MARKET SHARE BY REGION 2022 (USD Billion)


GLOBAL DIGITAL ASSET MANAGEMENT SOFTWARE MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Digital Asset Management Software market accounts for the second-largest market share due to the low cost of bariatric surgery and the rise in the number of diabetes people. Further, the German Digital Asset Management Software market held the largest market revenue, and the UK Digital Asset Management Software market was the fastest-growing market in the European region.


The Asia-Pacific Digital Asset Management Software Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and nutrition and rising per capita disposable income. Moreover, China’s Digital Asset Management Software market held the largest market share, and the Indian Digital Asset Management Software market was the fastest-growing market in the Asia-Pacific region.


Digital Asset Management Software Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to spread their product lines, which will help the Digital Asset Management Software market grow even more. Market participants are also undertaking a various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Digital Asset Management Software industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Digital Asset Management Software industry to benefit clients and increase the market sector. In recent years, the Digital Asset Management Software industry has offered some of the most significant advantages to data management. Major players in the Digital Asset Management Software market, including Oracle Corporation, Canto Inc., Bynder, Hunter Technical Resources, Cognizant Technology Solutions Corporation, Adobe System Incorporated, Cloudinary Ltd, OpenText Corporation, Aprimo LLC, CELUM GmbH, and others, are attempting to increase market demand by investing in research and development operations.


Oracle Cloud Infrastructure offers a flexible data platform to build Big Data applications at a large scale by ingesting any type of data in a wide range of data formats along with native tools for Oracle database; the OCI Data Integration service or the Kafka Connector helps in OCI streaming. Oracle cloud infrastructure optimizes the user's cloud infrastructure capabilities with a multi-cloud configuration from OCI. In August 2022, the provider of the very popular data science platform, Anaconda Inc., announced a collaboration with Oracle Cloud Infrastructure (OCI) to offer secure open-source R tools and Python and packages by placing and enabling a repository of Anaconda throughout the OCI Artificial Intelligence and services of machine learning. The users can access Anaconda services straight from OCI without any need for a separate enterprise license.


Canto Inc is a leader in digital asset management software providing professional software services and solutions for over 20 years; founded in 1990. The company is driven by providing digital content more advanced way. Thus, this has made the company a leader in this community globally. The company provides scalable software and services that meet the demand of customers. In August 2022, this efficient provider of DAM software, Canto Inc., a new integration with the social media management platform Hootsuite and the work management platform Wrike was announced by the company to connect Canto libraries smoothly within the Martech stack as a single origin of truth for production of content.


Key Companies in the Digital Asset Management Software market include




  • Oracle Corporation




  • Canto Inc.




  • Bynder




  • Hunter Technical Resources




  • Cognizant Technology Solutions Corporation




  • Adobe System Incorporated




  • Cloudinary Ltd




  • OpenText Corporation




  • Aprimo LLC




  • CELUM GmbH




Digital Asset Management Software Industry Developments


March 2022: HPE partnered with Digital Realty to offer the cloud experience with colocation. The challenges of global coverage and capacity and attaining proximity to centers of data exchange and digital ecosystem are solved with colocation.


August 2021: Hunter Technical Resources was acquired by Cognizant, which was Hunter Technical Resource's digital engineering assets. The thie acquisition expanded Cognizant's access to the highly specialized expertise that the client requires to accelerate their digital transformation journey.


June 2020: We Adapt, a SaaS solution, was acquired by Bynder to assist brands in expanding their video content creation. This acquisition of We Adapt, renamed Video Brand Studio, helps Bynder to provide brands with a single platform to scale on-brand content capabilities across images, print, and video.


Digital Asset Management Software Market Segmentation


Digital Asset Management Software Deployment Outlook




  • On-Premise




  • Cloud (SaaS)




Digital Asset Management Software End User Outlook




  • Media and Entertainment




  • BFSI




  • Government




  • Healthcare




  • Retail




  • Manufacturing




  • Others




Digital Asset Management Software Regional Outlook




  • North America






  • US




  • Canada






  • Europe






  • Germany




  • France




  • UK




  • Italy




  • Spain




  • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





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