Digital Asset Management Market
Digital Asset Management Market Size, Share & Trends Analysis Report, by Offering (Software, Solution), by Deployment Mode (On-Premises, Cloud Based), End-User (Media & Entertainment, BFSI, Government, Healthcare, Retail, and Manufacturing), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Digital asset management (DAM) market is anticipated to grow at a considerable CAGR of 20.4% during the forecast period. The growing focus on enhancing digital experience of customers among enterprices is a key factor driving the growth of the global market. In September 2023, SIBOS- Citi Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities. The increasing use of DAM is driving the global market.
In February 2023, Deutsche Bank Singapore and Memento Blockchain have completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per the report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator or through a built-in marketplace. The rising participation of BFSI sector in DAM is a key contributor to the global market growth.
In November 2022, Tenovos has received a $10 million Series B funding investment from S4S Ventures (which is backed in part by Sir Martin Sorrell’s S4 Capital) and Bertelsmann’s investment arm BDMI. It’s a bid to bridge the gap between making software as a service-based DAM software easier to use for creatives. The growing funding for DAM is anticipated to offer lucrative opportunities to the market growth.
Segmental Outlook
The global digital asset management market is segmented based on offering, deployment model, and end-user. Based on offering, the market is segmented into software and services. Based on deployment model, the market is segmented into cloud-based and on-premises. Based on end-user, the market is segmented into media & entertainment, BFSI, government, healthcare, retail, and manufacturing.
Retail & E-Commerce Held Considerable Share in Global Digital Asset Management Market
Digital asset management is vital for ambitious e-commerce retailers who want to grow their business, deliver great customer service, and build a loyal customer base. Streamline and automate admin processes, product library improvement, reduced margin for error, and higher brand reorganization are some of the key benefits of DAM to retail & e-commerce sector. The high adoption of DAM in this sector owing to its offered benefits is a key factor driving the growth of this market segment.
Regional Outlook
The global digital asset management market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among all the regions, Asia-Pacific is anticipated to exhibit highest CAGR during the forecast period.
Global Digital Asset Management Market Growth, by Region 2023-2030
Asia-Pacific Held Considerable Share in the Global Digital Asset Management Market
The growing investment in digital assets across the region, growing focus of market player towards advancement of DAM software solutions along with cohesive government policies are driving the growth of the regional market. In August 2023, Qraft Technologies, an invest-tech company offering AI investing solutions, has formally entered into a strategic partnership with Hex Trust, the institutional-grade digital asset custodian licensed across global financial hubs. With the signing of the Memorandum of Understanding (“MoU”), Qraft will develop digital asset products based on its AI-driven asset allocation models for Hex Trust's clients. Such partnerships are further contributing to the regional market growth.
Market Players Outlook
The major companies serving the global digital asset management market including Cognizant, Adobe Systems Inc., Canto Inc., CELUM GmbH, and Oracle Corp. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
For instance, in February 2023, Santa Cruz Software, software Development Company for cross media content publishing, announced a new version of its DAM connector LinkrUI will now enable Digital Asset Manager (DAM) syncing for three Microsoft Office applications. Available both via DAM reselling partners and via retail, LinkrUI for Microsoft Office is now compatible for applications Microsoft Word, Microsoft Powerpoint and Microsoft Excel.
In March 2021, Canto, has received a strategic growth investment from JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies. Canto will utilize the additional funding to expand its customer-facing teams, accelerate and broaden its product development initiatives and drive growth across its target markets.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital asset management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Adobe Systems Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Canto Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Celum GmbH
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Cognizant
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Oracle Corp.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
4. Market Segmentation
4.1. Global Digital Asset Management Market by Offering
4.1.1. Services
4.1.2. Software
4.2. Global Digital Asset Management Market by Deployment Mode
4.2.1. On-Premise
4.2.2. Cloud-Based
4.3. Global Digital Asset Management Market by End-User
4.3.1. Media & Entertainment
4.3.2. BFSI
4.3.3. Government
4.3.4. Healthcare
4.3.5. Retail
4.3.6. Manufacturing
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Acquia, Inc.
6.2. Amplifi.io
6.3. Aprimo Inc.
6.4. Branfolder Inc.
6.5. Bynder LLC
6.6. Bynder(Webdam Inc.)
6.7. Celartem, Inc. (Extensis)
6.8. Cloudinary Ltd.
6.9. Digizuite A/S
6.10. Extensis (Celartem Inc.)
6.11. IBM Corp.
6.12. IntelligenceBank Pty Ltd.
6.13. MediaBeacon Inc. (R3volution)
6.14. Nuxeo (Nuxeo Platform)
6.15. OpenText Corp. (Media Management, MediaBin)
6.16. Widen (Digital Asset Management)
1. GLOBAL DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY OFFERING,2022-2030 ($ MILLION)
2. GLOBAL SERVICES IN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL DIGITAL ASSET MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE,2022-2030 ($ MILLION)
5. GLOBAL ON-PREMISE BASED DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL CLOUD-BASED DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USER,2022-2030 ($ MILLION)
8. GLOBAL DIGITAL ASSET MANAGEMENT FOR MEDIA & ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL DIGITAL ASSET MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL DIGITAL ASSET MANAGEMENT FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL DIGITAL ASSET MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL DIGITAL ASSET MANAGEMENT FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL DIGITAL ASSET MANAGEMENT FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. NORTH AMERICAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
16. NORTH AMERICAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
17. NORTH AMERICAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
18. NORTH AMERICAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
19. EUROPEAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. EUROPEAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
21. EUROPEAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
22. EUROPEAN DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
25. ASIA-PACIFIC DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
27. REST OF THE WORLD DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. REST OF THE WORLD DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
29. REST OF THE WORLD DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD DIGITAL ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL DIGITAL ASSET MANAGEMENT MARKET SHARE BY OFFERING, 2022 VS 2030(%)
2. GLOBAL SERVICES IN DIGITAL ASSET MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030(%)
3. GLOBAL DIGITAL ASSET MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030(%)
4. GLOBAL DIGITAL ASSET MANAGEMENT MARKET SHARE BY DEPLOYMENT MODE, 2022 VS 2030(%)
5. GLOBAL ON-PREMISE BASED DIGITAL ASSET MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030(%)
6. GLOBAL CLOUD-BASED DIGITAL ASSET MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030(%)
7. GLOBAL DIGITAL ASSET MANAGEMENT MARKET SHARE BY END-USER, 2022 VS 2030(%)
8. GLOBAL DIGITAL ASSET MANAGEMENT FOR MEDIA & ENTERTAINMENT MARKET SHARE BY REGION, 2022 VS 2030(%)
9. GLOBAL DIGITAL ASSET MANAGEMENT FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030(%)
10. GLOBAL DIGITAL ASSET MANAGEMENT FOR GOVERNMENT MARKET SHARE BY REGION, 2022 VS 2030(%)
11. GLOBAL DIGITAL ASSET MANAGEMENT FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030(%)
12. GLOBAL DIGITAL ASSET MANAGEMENT FOR RETAIL MARKET SHARE BY REGION, 2022 VS 2030(%)
13. GLOBAL DIGITAL ASSET MANAGEMENT FOR MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030(%)
14. GLOBAL DIGITAL ASSET MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030(%)
15. US DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
16. CANADA DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
17. UK DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
18. FRANCE DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
19. GERMANY DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
20. ITALY DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
21. SPAIN DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF EUROPE DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
23. INDIA DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
24. CHINA DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
25. JAPAN DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
26. SOUTH KOREA DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF ASIA-PACIFIC DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD DIGITAL ASSET MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
