PUBLISHER: The Business Research Company | PRODUCT CODE: 1686051
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686051
Digital asset management (DAM) software is a technological solution designed to assist organizations in efficiently storing, centralizing, organizing, and managing their digital files and assets across different teams. It plays a crucial role in streamlining digital asset management processes, improving content organization and accessibility, and fostering collaboration among teams.
The primary deployment options for digital asset management (DAM) software are on-premise and cloud-based (Software as a Service). On-premise deployment involves installing and running the software on servers and hardware located within the organization's premises or data center. This software is applicable to organizations of various sizes, ranging from large enterprises to small and medium-sized enterprises (SMEs), and caters to diverse industries such as media and entertainment, banking, financial services, and insurance (BFSI), government, healthcare, retail, manufacturing, among others.
The digital asset management software market research report is one of a series of new reports from The Business Research Company that provides digital asset management software market statistics, including digital asset management software industry global market size, regional shares, competitors with a digital asset management software market share, detailed digital asset management software market segments, market trends and opportunities, and any further data you may need to thrive in the digital asset management software industry. This digital asset management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The digital asset management (DAM) software market size has grown rapidly in recent years. It will grow from $5.56 billion in 2024 to $6.27 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to the growth in emphasis on improving the digital experience of customers, increased number of digital assets, increased adoption of the collaborative digital workflow, increased demand for video content, increased investments and focus on digital marketing.
The digital asset management (DAM) software market size is expected to see rapid growth in the next few years. It will grow to $9.5 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to rise in digital content, rising automation and connected devices, increasing adoption of cloud-based DAM solutions, growth in e-commerce and digital marketing, increase in penetration of Internet services. Major trends in the forecast period include advancement in technologies, adoption of cloud-based enterprise services and solutions, use of artificial intelligence (Al) and machine learning capabilities, emergence of IoT technology.
The surge in digital content consumption is poised to drive the growth of the digital asset management software market in the foreseeable future. Digital content encompasses various forms of media or data stored in digital formats, including images, videos, audio files, documents, and more. This increase in digital content is propelled by the widespread adoption of digital devices and the enhanced accessibility of the Internet, enabling individuals to access information, entertainment, and communication channels seamlessly. Digital asset management (DAM) software emerges as a crucial solution to manage the burgeoning volumes of digital assets effectively. Acting as a centralized repository, DAM software facilitates the storage, categorization, and retrieval of digital information, thereby enhancing organizational efficiency and productivity. For instance, according to DataReportal in January 2022, the global count of active social media users reached 4.62 billion, indicating a growth rate of 10.1% between 2021 and 2022, with 424 million new users joining social media platforms during 2021. This exponential growth in digital content consumption underscores the escalating demand for robust digital asset management solutions.
Key players in the digital asset management software market are concentrating on harnessing artificial intelligence (AI) technologies to enhance product intelligence and automation capabilities. AI-powered digital asset management solutions leverage artificial intelligence algorithms to automate and optimize the management of an organization's digital assets effectively. For example, in September 2023, Cloudinary Ltd., a leading SaaS technology company based in the United States, introduced Cloudinary Nexus, a suite of digital asset management solutions tailored for small and medium-sized businesses (SMBs). Cloudinary Nexus integrates advanced AI capabilities, including studio, generative AI, collections, auto-tagging, and smart search functionalities. These features empower users to streamline asset preparation, collaboration, and organization processes by automating critical tasks such as metadata tagging and file optimization. Cloudinary Nexus aims to elevate the overall management and accessibility of digital assets for SMBs, enhancing operational efficiency and driving business growth.
In August 2023, Canto Software, a leading digital asset management solutions provider headquartered in the US, finalized the acquisition of MerlinOne Inc. for an undisclosed sum. This strategic merger combines Canto's robust digital asset management platform with MerlinOne's cutting-edge AI technology, reinforcing its position as a leader in the digital asset management sector. With this move, Canto aims to expand into new markets, exceed growth targets, and empower customers to efficiently manage their extensive digital collections. MerlinOne Inc., also based in the US, specializes in providing a digital asset management (DAM) solution designed to centralize marketing assets and streamline asset management processes.
Major companies operating in the digital asset management (DAM) software market are Oracle Corporation, Cognizant, Adobe Inc., OpenText Corporation, Image Relay Inc., Acquia Inc., Bynder LLC, Cloudinary Ltd., Aprimo LLC, CELUM, IntelligenceBank, pCloud International AG, Filecamp AG, Oomnitza Inc., Canto Inc., WoodWing, Brandfolder Inc., Pimcore, MediaBeacon Inc., Censhare India Private Limited, Libris Systems Ltd., Bright Interactive Limited, Hyper CMS Content Management Solutions GmbH
North America was the largest region in the digital asset management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital asset management (dam) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital asset management (dam) software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital asset management (DAM) software market includes revenues earned by entities by providing services, such as version control, access control, workflow automation, collaboration tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Asset Management (DAM) Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital asset management (dam) software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital asset management (dam) software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital asset management (dam) software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.