Digital Asset Management Market Analysis

End-user (BFSI, IT, Telecom, Media, Entertainment, Government, Healthcare)

The global digital asset management market is segmented and analyzed for demand and supply by end user into BFSI, IT and telecom, media and entertainment, government, and healthcare. Out of the five types of applications, the healthcare segment is estimated to gain the largest market share of about 35% in the year 2037. The growth of the segment can be accredited to the presence of large number of patients in the healthcare industry, which is expanding notably. The hospitals in the healthcare sector are also growing rapidly in number. For instance, by the year 2022 there was noted to be approximately 6,100 hospitals in the United States. Hospitals provide a wide range of medical care. Physicians, called hospital doctors, typically specialize in internal medicine, pediatrics, or general practice. They have the knowledge to solve common problems and the resources to solve more complex medical problems. Hospitals may also offer specialized care, such as neurology, obstetrics and gynecology, and oncology. By definition of a hospital, a county hospital is typically a primary medical facility in a region with numerous intensive care and mobile beds for patients requiring long-term care.

Component (Solutions, Services)

The global digital asset management market is also segmented and analyzed for demand and supply by component into solutions, and services. Amongst these two segments, the services segment is expected to garner a significant share of around 60% in the year 2037. The growth of the segment can be accredited to the increasing demand for consulting services.  As organizations increasingly recognize the importance of DAM solutions in managing digital assets, they may need consulting services to help them select the right DAM solution that meets their business requirements. Consulting services can also help organizations develop a roadmap for implementing DAM solutions and ensuring their successful adoption. DAM solutions often need to be integrated with other systems such as content management systems (CMS), customer relationship management (CRM) systems, and marketing automation platforms. Integrating DAM solutions with existing systems can be complex and may require specialized skills and expertise. DAM solution providers can offer integration services to help organizations overcome these challenges. DAM solutions require ongoing maintenance and support to ensure their continued operation and effectiveness. DAM solution providers can offer maintenance and support services to help organizations address any issues that arise, as well as provide upgrades and enhancements to keep the solution up-to-date. Hence, all of these factors are estimated to add to the segmental growth notably over the forecast period.

Our in-depth analysis of the global digital asset management market includes the following segments: