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Global Cloud-based Digital Asset Management Market to Expand at 20.90% CAGR between 2016 and 2020

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Published on : May 09, 2016

ALBANY, New York, May 09, 2016: The market study, titled “Global Cloud Based Digital Asset Management Market 2016-2020,” provides a comprehensive and unbiased analysis of this market based on its historical performance, current status, and its future prospects.

The research report presents an assessment of driving forces as well as challenges, underlining the major trends that are influencing the worldwide could-based digital asset management market. It also offers an analysis of revenue opportunities in this market during the period from 2016 to 2020, considering the upcoming trends and prospects of this market.

According to this research report, the global market for cloud-based digital asset management is estimated to rise at an exponential CAGR of 20.90% over the forecast period. The increasing shift from on-premise solutions to software-as-a-service (SaaS) solutions is likely to fuel the demand for cloud-based digital asset management solutions.

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Apart from this, the introduction of a number of integrated digital asset management solutions is projected to boost this market during the forecast period. These integrated solutions allow effective management and control of digital assets, providing a centralized ecosystem in enterprises to access digital content through secured online networks and to streamline operational workflow, notes the market study.

The research report has analyzed this market on the basis of the application of cloud-based digital asset management solutions and the regional spread of this market. Based on application, the market has been classified into SaaS, IaaS, and PaaS. The SaaS segment dominated the overall market in 2015. The trend is expected to continue in the coming years with the segment rising at an impressive CAGR of more than 22% during the forecast period.

Regionally, the research study has segmented the worldwide market for cloud-based digital asset management into the Americas, Asia Pacific (APAC), and Europe and the Middle East and Africa (EMEA). The Americas led the global market in 2015 with a share of approximately 51%. The increased popularity of cloud-based solutions among enterprises operating in the financial sector is driving the demand for cloud-based digital asset management. Analysts expect this trend to continue over the forecast period.

The competitive landscape of the global market for cloud-based digital asset management has also been evaluated in this report. According to it, the market is highly fragmented and is led by EMC, Cognizant, Adobe, IBM, and HP. Other prominent providers of cloud-based digital asset management solutions, mention in this study are Widen, North Plains, MediaBeacon, Canto, Filecamp, ADAM Software, Google, Microsoft, OpenText, and Amazon.

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