![]() This has led to the entrance of new cloud-based DAM solution providers and compelled traditional on-premises DAM solution providers to innovate their solutions for cloud platforms. With such an overwhelming increase in digital asset volume, companies are increasingly migrating to the cloud for the storage of their digital assets. ![]() With dynamic consumer behavior, the number of digital assets and speed of digital asset enrichment is rising significantly across organizations. ![]() To know about the assumptions considered for the study, Request for Free Sample Report Market Dynamics Driver: Emergence of cloud-based delivery options ![]() Furthermore, increasing infusion for achieving data integrity and the increasing trend of diffusing encryption technologies with digital solutions to streamline safe digital trading are expected to create ample opportunities for DAM vendors. Major factors that are expected to drive the growth of the digital asset management market include increasing digitalization of content and the need for effective collaboration of corporate assets, the emergence of cloud-based delivery options, and the growing need for controlled access and better security of digital assets to avoid copyright issues. The global Digital Asset Management Market size is projected to grow from USD 4.2 billion in 2022 to USD 8.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period.
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