One of the most encouraging trends in the Digital Asset Management (DAM) Market is the increased regulatory standards that enforces high transparency levels, reduces cost of maintenance of information systems and adoption of digital workflow to reduce the risks of data loss.
Henceforth with Digital data, mobile services and internet usage on the
rise, Digital Asset Management (DAM) technology drives lot of excitements.
According to Research and Markets,
the Global Digital Asset Management market is expected to grow from $1.28
Billion in 2014 to $5.21 Billion in 2020, at a CAGR of 26.36% during the period
2014 to 2020.
For those who are unfamiliar,
DigitalEcono recalls that, Digital Asset Management (DAM) technology enables an
industry that deals with rich media content to create, manage, manipulate,
archive and re-purpose media assets through diverse mediums to realize new
revenue options reduce costs and maximize the operational efficiency.
One can observe that, one of
the primary drivers for the industry is the increased adoption of videos and
broadband, which in turn is increasing the demand of specialized solutions for
each industry.
It is also indispensable to
recall that, the Digital Asset Management (DAM) technology Market encourages a
quick deployment, easy-to-use, centralized repository of data for a controlled
access of digital data in the form of images, photos, videos, audios,
presentations etc.