Artificial Intelligence
Digital Asset Management Market Size to Surpass USD 12.29 billion by 2030, exhibiting a CAGR of 17.5%
Pune, India, Aug. 03, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global digital asset management market size was valued at USD 3.45 billion in 2022 and is projected to grow from USD 3.97 billion in 2023 to USD 12.29 billion by 2030, exhibiting a CAGR of 17.5% during the forecast period. Integration of Artificial Intelligence and Machine Learning Capabilities in DAM Systems to Drive Market Growth. Fortune Business Insights™ shares this information in its report titled Digital Asset Management Market Forecast, 2023-2030.
Digital Asset Management (DAM) refers to the solution, which provides approach to store, manage, organize, retrieve, and distribute the digital assets of any organization. Integration of artificial intelligence and machine learning capabilities in the DAM solutions is set to drive the market growth.
Key Industry Development
Tenovos partnered with MACH Alliance to offer an integrated approach for DAM for organizations. This approach empowers enterprise brands to select a technology that facilitates information and data to pass seamlessly.
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Key Takeaways
- Digital Acceleration Amid COVID-19 Boosted Market Expansion
- Integration of Artificial Intelligence and Machine Learning Capabilities in DAM Solutions to Bolster the Market Growth
- By Asset Type Analysis: Growing Online Streaming and Gaming Amid the Pandemic to Boost the Segmental Growth
- Rising Demand for Cloud-based DAM Solutions
- Digital Asset Management Market Size in North America was USD 1.40 Billion in 2022
Discover the Leading Players Featured in the Report:
“Companies leading the Digital Asset Management Market are Adobe (U.S.), Canto Inc. (U.S.), Bynder (U.S.), Cognizant Technology Solutions (U.S.), OpenText Corporation (Canada), Widen (U.S.), Oracle Corporation (U.S.), Celum (Austria), Cloudinary (U.S.), IBM Corporation (U.S.)”
Report Scope & Segmentation
Report Coverage | Details |
Forecast Period | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR | 17.5% |
2030 Value Projection | USD 12.29 Billion |
Base Year | 2022 |
Digital Asset Management Market Size in 2022 | USD 3.45 Billion |
Historical Data for | 2019 to 2021 |
No. of Pages | 123 |
Segments covered | Asset Type, Deployment, Enterprise Size, Industry and Geography |
Browse Complete Report Details:
https://www.fortunebusinessinsights.com/digital-asset-management-dam-market-104914
Drivers and Restraints
Rising Demand for Cloud-based DAM Solutions to Drive Market Trajectory
Rising demand for cloud-based DAM solutions is anticipated to drive the digital asset management market growth. Due to consumer shifts toward digitalization, there has been a rapid adoption in cloud-based DAM solutions to store their assets. Cloud-based DAM systems help in improving efficiency and securely store all cloud assets. They offer enterprise-level teams the ability to share files both internally and externally from anywhere and provide actionable analytics on the performance of assets.
However, high integration and implementation costs of digital asset management solutions are set to hinder market development.
Segmentation:
By Asset Type
- Documents/Presentations
- Multimedia Assets
By Deployment
- Cloud
- On Premise
By Enterprise Size
- Small & Medium Enterprise
- Large Enterprise
By Industry
- Media & Entertainment
- Healthcare
- E-Commerce & Retail
- Travel & Hospitality
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
Regional Insights
North America to Lead Market due to Adoption of Advanced Technologies
North America is projected to lead digital asset management market share due to rise in digital data from the web, social media, and sensors. Organizations in the region have been incorporating evolving and advanced technologies to capture and process digital assets. The market was valued at USD 1.40 billion in 2022.
Europe is set to have rapid growth due to rapid rate of urbanization, digitization, and automation activities.
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Competitive Landscape
Market Participants Are Engaging in Collaborative Strategies
The market players have been offering DAM solutions in various industries. Major market players are focused on the creation of innovations and solutions for customized requirements. Also, through collaborations, organizations achieve expertise and increase their client base. In June 2022, Wedia expanded its business into the Canada market with a new office in Toronto, Canada.
FAQ’s
How big is the Digital Asset Management Market?
Digital Asset Management Market size was USD 3.45 billion in 2022.
How fast is the Digital Asset Management Market growing?
The Digital Asset Management Market will exhibit a CAGR of 17.5% during the forecast period, 2023-2030.
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
Photo – https://mma.prnewswire.com/media/2518604/Changzhou.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-e-chinas-changzhou-city-unveils-investment-opportunities-in-sectors-of-new-productive-forces-for-global-investors-302261868.html
Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-china-honors-individuals-with-highest-awards-in-celebration-of-75th-national-day-302261867.html
Artificial Intelligence
Kazakhstan Government Delegation Visited SUPCON
HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
Photo – https://mma.prnewswire.com/media/2518470/image_5022684_18905906.jpg Photo – https://mma.prnewswire.com/media/2518471/1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html
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