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Digital Asset Management Market to Grow by USD 20.85 Billion from 2024-2028, SaaS Shift Fuels Growth, Report Highlights AI-Driven Market Transformation – Technavio

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NEW YORK, Aug. 28, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global digital asset management market size is estimated to grow by USD 20.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 28.36%  during the forecast period. Shift from on premises to saas is driving market growth, with a trend towards increased adoption of analytics to manage digital assets. However, data privacy and security concerns  poses a challenge. Key market players include Acquia Inc., Adobe Inc., Aprimo, Bynder BV, Canto Inc., CELUM GmbH, Cloudinary Ltd., Cognizant Technology Solutions Corp., Danaher Corp., Frontify AG, Image Relay Inc., International Business Machines Corp., MediaValet Inc., OpenText Corp., Oracle Corp., PhotoShelter Inc., QBNK Co. AB, Smartsheet Inc., TIBCO Software Inc., and WoodWing Software B.V..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Digital Asset Management Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 28.36%

Market growth 2024-2028

USD 20851 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

22.16

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key countries

US, UK, Germany, China, and Japan

Key companies profiled

Acquia Inc., Adobe Inc., Aprimo, Bynder BV, Canto Inc., CELUM GmbH, Cloudinary Ltd., Cognizant Technology Solutions Corp., Danaher Corp., Frontify AG, Image Relay Inc., International Business Machines Corp., MediaValet Inc., OpenText Corp., Oracle Corp., PhotoShelter Inc., QBNK Co. AB, Smartsheet Inc., TIBCO Software Inc., and WoodWing Software B.V.

Market Driver

Digital Asset Management (DAM) solutions employ analytical tools to help businesses manage their digital content effectively. These tools analyze data from various sources, including mobile applications and smart devices, to provide insights for key decision-making processes. Content analytics is a crucial aspect of these solutions, transforming unstructured data into structured formats for efficient management. Adobe Experience Manager, a DAM product by Adobe Systems, offers analytics capabilities to gain insights from digital assets and create better marketing campaigns. The integration of predictive analytical solutions into DAM systems is a recent development, expected to drive market growth. 

Digital Asset Management (DAM) market is witnessing exciting trends with the emergence of advanced technologies. Capabilities of DAM software are evolving, enabling better organization and management of multimedia assets for businesses. Consumers’ behavior shift towards digital consumption is driving the demand for DAM solutions in various industries, including healthcare, ecommerce and retail, travel and hospitality, and more. Enterprise-level teams require scalable storage and improved collaboration features. Emerging technologies like AI and machine learning offer smart search and discovery capabilities. Deployment models cater to small and mid-sized businesses with lower upfront costs, while large enterprises opt for high pricing and lifetime licenses. DAM software streamlines document presentations and content location in a centralized hub, managing the content lifecycle effectively. User-friendly DAM solutions facilitate initial implementation for departments undergoing digitalization. With the rise of smartphones, DAM becomes essential for businesses to manage their digital assets efficiently. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

Cloud-based Digital Asset Management (DAM) market growth may be hindered by security concerns, particularly in the adoption of public cloud services. Cloud infrastructure’s open architecture and shared resources make it vulnerable to cyber-attacks. Data privacy is a significant issue due to the risk of unauthorized access and potential data breaches. Cloud systems, built on numerous open-source codes, can introduce flaws and increase the likelihood of security vulnerabilities. Public clouds, which host multiple applications, are more susceptible to security breaches due to their multi-tenant nature. Vendors must prioritize data encryption and multi-factor authentication to secure client data and authorize users. Compliance with regulatory guidelines is also essential for cloud security management. These factors pose challenges to the growth of the Digital Asset Management market during the forecast period.Digital Asset Management (DAM) market is witnessing significant growth as businesses seek to manage, organize, retrieve, and distribute their media assets and documents more efficiently. Companies like Temasek Holdings and Komainu Holdings are investing in DAM solutions to streamline their media production and optimize rich media consumption. Centralized DAM systems offer functionality to manage various media files, animations, graphics, and marketing materials in a unified manner. AI-embedded DAM solutions use machine learning, natural language processing, and computer vision to intelligently tag and cross-reference assets, making it easier to find and use them. With work-from-home policies becoming the norm, cloud-based DAM solutions are increasingly popular. DAM systems help businesses optimize their digital marketing, social media campaigns, advertising, and brand management by providing real-time analysis and making helpful recommendations. AI-powered DAM solutions offer a competitive advantage by forecasting content needs and making intelligent recommendations. Chatbots further enhance user experience by providing quick access to assets and automating routine tasks. Online video streaming, audio consumption, and social media are driving the demand for DAM solutions in various industries.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This digital asset management market report extensively covers market segmentation by  

Deployment 1.1 On-Premise1.2 CloudEnd-user 2.1 Large enterprise2.2 Small and medium enterpriseGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-Premise-  In an on-premises Digital Asset Management (DAM) deployment model, businesses purchase and install the software on their servers, managed by their IT teams. The high cost of implementation and limited scalability options make this solution suitable for large, complex marketing functions. Key features include workflow streamlining, budgeting, DAM, and reporting. This robust software aligns marketing objectives and execution across multiple business units, functions, or product lines. The primary advantage is the control businesses have over their critical data. These factors contribute to the growth of the global DAM market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Digital Asset Management (DAM) market is a dynamic and growing industry that helps businesses manage their digital content more effectively. A DAM system functions as a centralized content hub, allowing organizations to locate, manage, and distribute digital assets throughout their business operations. This includes product images, videos, marketing campaigns, and print materials, among others. As businesses continue to digitalize, the need for efficient DAM solutions becomes increasingly important for medium and small businesses, retailers, and departments alike. With the rise of smart phones and online orders, the fulfilment process and stock replenishment have become critical areas where DAM software can help reduce inventory shrinkage and margin compression. A well-organized digital library also enhances the instore experience by ensuring that product information is accurate and up-to-date. Moreover, DAM software can help eliminate redundant content and streamline the content lifecycle, making it an essential tool for businesses looking to optimize their operations and boost profit margins. By providing a single source of truth for all digital assets, DAM software enables businesses to effectively manage their product library and marketing campaigns, ultimately improving overall business performance.

Market Research Overview

Digital Asset Management (DAM) refers to the practice of centralizing, organizing, sharing, and collaborating on digital content within businesses. This includes images, videos, audio files, and other digital assets. DAM software enables user-friendly management of these assets throughout their lifecycle, from initial implementation to retirement. Small and medium businesses, as well as departments within larger enterprises, are increasingly adopting DAM solutions to streamline digitalization. Smart phones and digitalization have made it essential for businesses to manage their digital content effectively. DAM solutions offer advanced features such as AI algorithms for asset discovery, custom fields, and metadata management. These tools help businesses efficiently locate and access their digital assets, reducing redundancy and improving profit margins. DAM systems cater to various industries, including retail, where they help manage product images, videos, and marketing campaigns. Retailers can benefit from DAM by reducing inventory shrinkage and margin compression, improving the instore experience, and facilitating online orders and stock replenishment. DAM also supports the fulfillment process by providing a digital asset library for product images, videos, and other marketing materials. Enterprise-level DAM solutions offer advanced features for managing large volumes of digital content, including project folders, project stakeholders, and support services. These systems can integrate with other enterprise software, such as Adobe Experience Manager, and offer advanced filters, embedded fields, and digital rights management. DAM solutions can be non-hosted, allowing businesses to manage their content on their own servers, or hosted by the software provider. Some popular DAM solutions include Day Dream, Tezign, and Harvard’s DAM system. These solutions cater to various industries and business sizes, offering customizable features to meet specific requirements. In conclusion, DAM software is an essential tool for businesses looking to manage their digital content effectively. It enables efficient organization, sharing, and collaboration, while reducing redundancy and improving profit margins. With advanced features and integrations, DAM solutions cater to various industries and business sizes, making digital transformation a reality.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-PremiseCloudEnd-userLarge EnterpriseSmall And Medium EnterpriseGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Passive Bitcoin Income: The Best Cloud Mining Platforms for Reliable Earnings

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A guide to short-term Bitcoin mining, featuring BitFuFu, ZT Mining, and Hashing24 for flexible contracts and quick profits.

READING, England, Dec. 24, 2024 /PRNewswire-PRWeb/ — Engaging in bitcoin mining presents an accessible and potentially lucrative venture for those intrigued by digital currencies but reluctant to endure the complexities and long timelines associated with traditional investment routes.

Short-term mining contracts are popular among beginners as they look to improve their understanding of the market. These contracts range from as brief as a day to several months, offering immediate entry into the mining scene without the long-term entanglements.

The appeal of short-term bitcoin mining is magnified by the ease of access to these services. Legit cloud mining platforms give individuals the opportunity to lease mining power remotely and eliminate traditional obstacles such as acquiring and maintaining hardware. Investors simply select a mining plan that aligns with their financial objectives and risk tolerance, and the platform handles the operational complexities

BitFuFu Cloud Mining

BitFuFu offers a diverse range of contracts, from short to medium-term, tailored to different risk appetites and investment levels. For those looking for quick, low-risk ventures, the Easy Mining plans range from 3 to 50 days, with a starting investment as low as . These plans are ideal for newcomers wanting to dip their toes in mining without significant upfront costs. For example, the Easy Mining 3 Days plan, with an estimated acquisition cost of 5,602.2, starts investments at , promising a low-risk and low-return profile.

On the other hand, BitFuFu’s Pro Mining contracts target more seasoned miners looking for higher returns, albeit with higher risks. The Pro Mining S19 XP 30 Days plan, for instance, boasts a 107.48% return, indicative of the lucrative possibilities for those willing to invest more heavily in their mining endeavors.

ZT Mining

ZT Mining lets you mine over ten different cryptocurrencies like Bitcoin, Dogecoin, Monero, and Zcash. This means you can pick and choose and not just stick to one kind, making it fun to try out different ones. They also make sure everything is super safe. They use special security to protect your information and have strong defenses against online attacks, so everything runs smoothly without any interruptions.

ZT Mining is really cool because it has lots of different mining contracts that can last just a day or even longer, so you can see how much money you can make in a short time or a bit longer. They have a special starter package for only $35, and it’s just for one day. If you try this, you’ll get $36 back the next day, which means you make a $1 profit.

That’s pretty awesome for just a day’s work, right? Plus, if you feel like going bigger, they have longer plans where you can earn a lot more money, like the 15-day plan for mining Dogecoin that can make you thousands in profit!

Hashing24

Hashing24 makes it easy to get into bitcoin mining with its straightforward contracts that last anywhere from 3 to 24 months. Every contract has a steady hash rate of 60 MH/s, perfect for those who want a predictable and simple mining experience.

For those just starting out or looking for a short-term investment, Hashing24’s 3-Month Plan is a great entry point. It’s priced at $22.20 and offers an estimated mining return of $22.21, essentially allowing you to make back your initial investment quickly. It is ideal for testing the waters of cloud mining without committing to a long-term plan.

Investors aiming for substantial long-term gains will find the 24-Month Plan an excellent option. Priced at $111.60, it offers a projected return of 159%, appealing to those prepared to commit to a longer investment period for significant earnings.

Conclusion

Picking the right cloud mining platform is super important if you want to make money with Bitcoin without doing much work. Platforms like BitFuFu, ZT Mining, and Hashing24 have different plans that last for various times and cost different amounts of money. This means you can find one that fits what you’re comfortable with, whether you’re just getting started with cryptocurrency or you want to make a lot of money. By choosing the best plan for you, you can make your money work for you and watch as it grows over time.

Media Contact

Nancy.Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, support@ztmining.com, https://ztmining.vip

View original content to download multimedia:https://www.prweb.com/releases/passive-bitcoin-income-the-best-cloud-mining-platforms-for-reliable-earnings-302338359.html

SOURCE ZT Mining

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CATL Launches the Bedrock Chassis That Withstands 120 km/h Impact Without Catching Fire or Exploding

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NINGDE, China, Dec. 24, 2024 /CNW/ — On December 24th, CATL officially launched the CATL Bedrock Chassis, the world’s first ultra-safe skateboard chassis. With its outstanding performance of withstanding 120 km/h frontal impact without catching fire or exploding, CATL’s Bedrock Chassis sets a new standard for intelligent chassis safety, providing comprehensive protection across all scenarios and speed ranges.

Lead the industry with the most stringent safety tests

With the battery-centered design, CATL’s Bedrock Chassis utilizes Cell-to-Chassis integration technology, which directly integrates the battery cells into the chassis, allowing for a shared structural design between them. And based on the decoupling of the chassis from the upper body, the Bedrock Chassis is capable of absorbing 85% of the vehicle’s collision energy (compared to around 60% absorbed by traditional chassis).

Through various technological breakthroughs, the Bedrock Chassis successfully passed the world’s first “highest speed + strongest impact” dual extreme safety test. This achievement enables the chassis to pass the 120 km/h frontal central pole impact test without catching fire, exploding or thermal runway, redefining the benchmark for safety in the industry.

Currently, the speed for frontal impact safety test in the commonly used C-NCAP (China New Car Assessment Program) is 56km/h, which, when experiencing a frontal impact at this speed, generates collision energy equivalent to falling from 12-meter-high building. In comparison, a frontal impact at 120km/h is equivalent to falling from a 56-meter-high building, generating a collision energy 4.6 times that of collision at 56km/h.

In more stringent frontal pole crash tests, which simulate crashes with non-standard objects such as power poles, large trees, or animals, the impact area is only 1/6 of that in a full-width frontal impact, exponentially increasing impact pressure. At a speed of 120km/h, the impact pressure on the chassis per unit area in a frontal central pole impact is 21 times that of the 56 km/h full-width frontal impact in C-NCAP testing.

Due to the extremely high crash speed and intensity, there has been no previous instance of any new energy vehicle daring to challenge a 120km/h frontal pole impact test. With this extreme challenge, CATL’s Bedrock Chassis has blazed a fresh trail for the industry.

Open the era of ultra-safe transportation through three technological breakthroughs

CATL’s Bedrock Chassis has delved deep into the realm of structure and material innovation, leveraging three technological breakthroughs to provide unparalleled protection in all scenarios and speed ranges, ensuring rock-solid safety for the entire vehicle.

The CATL Bedrock Chassis introduces a revolutionary three-dimensional biomimetic tortoise shell structure, where the body and energy unit framework are integrated, deeply coupled to provide the energy unit with indestructible protection. And its aircraft carrier-grade arresting structure disperses impact forces across multiple pathways during a crash, gradually decelerating the vehicle and significantly reducing the depth and speed at which obstacles intrude the cabin. The utilization of submarine-grade hot-formed steel with a strength of 2000MPa, aerospace-grade aluminum alloy with a strength of 600MPa, and multiple barrier structures further enhance the chassis’ rigidity, making it virtually impervious.

Moreover, the CATL Bedrock Chassis incorporates an ultra-safe battery cell design, NP technology, and a high-ductility energy-absorbing insulation film, leading the industry in a groundbreaking manner. In terms of high-voltage disconnection, it achieves instantaneous disconnection of high voltage circuit within 0.01 seconds of impact and completes the discharge of residual high-voltage energy in the vehicle within 0.2 seconds, setting a new industry record.

Notably, the battery cells have undergone highly demanding tests, including high-speed sled impact tests at 60 km/h, 90-degree bending tests, and breakthrough sawing tests, the battery did not catch fire or explode across all three tests. These tests, all industry-firsts by CATL, have elevated the safety standards of battery cells to new heights.

Unlocking the era of customization, and activating a trillion-yuan market

The launch of the Bedrock Chassis not only redefines the standard for intelligent chassis safety but also activates a trillion-yuan market. It greatly accelerates the shift towards modular, personalized, and intelligent automotive design.

Addressing the common pain points of high investment, long development cycles, and accelerated product iteration in the industry, the Bedrock Chassis incorporates three core characteristics: internal integration, decoupling of the chassis from the upper body, and external openness. With a rich array of toolkits and solution packages, it offers a scalable software and hardware architecture and standardized interfaces, enabling flexible configurations for different vehicle models and scenarios. This allows the realization of a “one chassis architecture, multiple vehicle models” concept and significantly improves development efficiency and shortens the R&D cycle. The time required for mass production of a vehicle is reduced from the traditional 36 months or longer to 12 to 18 months.

Furthermore, the Bedrock Chassis breaks the limits of safety and modeling, and expands design flexibility through the design of decoupling of the chassis from the upper body. The fourth-generation Cell-to-Chassis (CTC) technology and inverted battery cell technology enhance the utilization of chassis space while reducing the risk of chassis scraping. Additionally, in terms of intelligence, the chassis supports mechanical decoupling, software decoupling and EE decoupling, enabling L3 to L4 intelligent driving capabilities. It provides high adaptability interfaces and promotes collaborative intelligent applications.

At the launch ceremony, AVATR, the first automaker to use Bedrock Chassis, and CAIT-SH, CATL’s skateboard chassis arm, signed an agreement to deepen cooperation on CATL’s Bedrock Chassis to create a safer, higher-quality travel experience for users.

Safety is a never-ending journey. In the future, CATL will continue to break technological barriers through continuous innovation, and work with partners to build a safe ecosystem for EV batteries and vehicles, safeguarding the safety of users.

View original content to download multimedia:https://www.prnewswire.com/news-releases/catl-launches-the-bedrock-chassis-that-withstands-120-kmh-impact-without-catching-fire-or-exploding-302338927.html

SOURCE Contemporary Amperex Technology Co., Limited (CATL)

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Live Good: A Journey of Courage, Education and Purpose

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Live Good is the realization of one individual’s inspiring vision to create something meaningful to share with the world.

IRVINE, Calif., Dec. 24, 2024 /PRNewswire/ — Founded on the principles of time, education and a sense of purpose, Live Good aspires to empower individuals through access to transformative learning opportunities.

“When I finally found the courage to create Live Good, I wanted it to embody the values and principles that I find meaningful,” said Jennifer Chi, founder of Live Good. “To me, the most precious resource in life is time. The time you spend can never be reclaimed. If I was going to spend all this time and energy on something, it had to be something I deeply believed in.”

The second cornerstone of Live Good is education. Drawing from personal experiences, Jennifer emphasizes education as a life-changing force. Books became vital growing up, opening windows to new perspectives and worlds. “My favorite book as a child was Little House on the Prairie by Laura Ingalls Wilder,” Jennifer shared. “It may have been a simple book about a girl living in the 1800s learning how to cook and do chores to help her family, but now I understand how incredible it was that a little girl living back then even knew how to read and write. She had the foresight to understand that writing about her life on the prairie, however simple it seemed, might be of some importance in the future. And she had the courage to publish her own words.”

Recognizing the transformative power of education and the impact of mentorship, Live Good prioritizes access to education as a central mission. “My love for reading and curiosity for learning became a lifeline,” Jennifer added. “I was blessed with teachers who saw potential in a very quiet and shy little girl. Live Good is my way of giving others the same opportunities that once gave me a little spark inside and a pathway forward.”

Through innovative programs and partnerships, Live Good aims to make education accessible and foster growth and resilience. It’s more than an initiative—it’s a testament to the belief that every moment spent on meaningful endeavors can ripple out to create a brighter future for others.

Live Good proudly aligns with educational models, such as Capstone Programs in the University of California (UC) school system. These programs serve as a bridge between academic learning and real-world application, embodying the mission of Live Good by fostering life-changing learning experiences.

Other educational initiatives focus on collaborating with Women in Information and Computer Sciences within the UC system to create programs that empower women through high-tech training. Additionally, Live Good offers a mentorship program for at-risk youth from schools spanning San Francisco to Southern California to foster college admission and equip students with the skills they need to realize their dreams.

For more information about Live Good Inc, and to sign up for their newsletter, visit Live Good Inc. Follow on Instagram, Facebook and Threads.

Contact:
Adrienne Johnson
***@gmail.com

Photos:
https://www.prlog.org/13053993

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/live-good-a-journey-of-courage-education-and-purpose-302338750.html

SOURCE Live Good Inc.

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