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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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PURE POWER FOR ALL–VAPORESSO’s Global Movement to Drive Clean Energy Solutions and Sustainable Living

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SHENZHEN, China, Dec. 24, 2024 /PRNewswire/ — On December 2nd, VAPORESSO proudly launched its PURE POWER FOR ALL global ECO-Empowerment initiative—a powerful testament to its commitment to advancing clean energy solutions and promoting sustainable lifestyles worldwide. Anchored by the revolutionary ECO NANO SOLAR and the forward-thinking PURE POWER ACTION movement, this initiative seamlessly integrates cutting-edge technological innovation with impactful social action. Together, these efforts mark a pivotal step in the global transition toward clean energy and a more sustainable future.

ECO NANO SOLAR—Revolutionizing Sustainable Vaping in the Industry

At the heart of this initiative lies the industry’s first solar-powered open-system vape—ECO NANO SOLAR. Crafted from 70% eco-conscious materials, this innovative device features a modular structure with interchangeable components, extending product life while promoting resource efficiency and long-term sustainability.

This pioneering ECO innovation combines degradable photovoltaic technology with a recyclable modular design. Its solar panel achieves remarkable light-to-electricity efficiency and is over 80% biodegradable, advancing clean energy adoption while significantly reducing environmental impact. With the ECO NANO SOLAR, VAPORESSO sets a new standard for sustainability in the vaping industry, inspiring a broader shift toward eco-conscious practices and paving the way for a greener future in vaping and beyond.

PURE POWER ACTION: Bridging Online Engagement with Real-World Impact

The PURE POWER ACTION movement, as a key part of the PURE POWER FOR ALL initiative, engages participants worldwide through a series of interactive online activities designed to build momentum for clean energy advocacy. From simple actions like clicking to show support to vibrant community discussions on sustainable living, each activity amplifies the reach of this global movement. Together, these efforts inspire eco-friendly habits, encourage the exchange of ideas, and foster collective commitment through initiatives like the Pure Living Proposal. By empowering individuals to take small, meaningful steps, the movement unites participants in creating a ripple effect of change that transcends geographic boundaries, all while boosting the Pure Power Level—a key measure of progress.

As the Pure Power Level reaches new milestones, the initiative transitions from online engagement to tangible offline impact. Clean energy solutions, including solar-powered innovations, are introduced into vape stores worldwide, offering users hands-on opportunities to experience the convenience and benefits of renewable power sources. These offline activities, supported by the collective efforts of participants, not only bring sustainability to the forefront of the vaping industry but also demonstrate how individual contributions can culminate in meaningful, real-world changes. Through this seamless integration of online and offline efforts, VAPORESSO underscores the importance of unified action in driving the global transition toward a brighter tomorrow.

A Greener Tomorrow Begins Today

With PURE POWER FOR ALL, VAPORESSO demonstrates how ECO innovation and forward-thinking movement can lead to meaningful global impact. The groundbreaking ECO NANO SOLAR stands as a powerful benchmark for ECO innovation, inspiring the adoption of cleaner, more responsible practices in the vaping industry. At the same time, the PURE POWER ACTION initiative fosters a ripple effect of positive change, uniting individuals and communities in a shared mission to embrace sustainable living and advance clean energy solutions. Together, through collective effort and shared commitment, VAPORESSO is not only shaping the future of the vaping industry but also contributing to a healthier, more sustainable world.

For more details about the PURE POWER FOR ALL movement and ECO NANO SOLAR, please visit: https://www.vaporesso.com/activity/pure_power_for_all. Together, we create a brighter, cleaner future for all.

About VAPORESSO

VAPORESSO was founded on the belief that each action is an endeavor to achieve excellence. Our unwavering commitment to surpassing the ordinary has propelled us to become the leading vaping brand globally. We embody a vision where our technology and values merge, crafting a better, cleaner, and more enjoyable life for all.

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SWAG, Asia’s Largest Adult Content Platform, Releases 2024 Annual Report

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Revealing the Top 15 Searched Keywords in Asia

TAIPEI, Dec. 24, 2024 /PRNewswire/ — SWAG, Taiwan’s largest adult livestreaming platform, often known as the “Pornhub of Asia,” has released the 2024 SWAG Recap today. The report dives into the world of trending adult content, the year’s top searched keywords, and even the income of creators, sparing no details. According to the data, the top searched keyword on SWAG in 2024 was “Vietnam.” Meanwhile, two Taiwanese creators—former Army Chief Counselor “Neinei” and former Sea Dragon Frogman 177—landed in the 3rd and 6th positions as the most searched keywords thanks to their enormous social media buzz. The hashtag with the most clicks went to “Big Boobs.”

In this year’s top searched keyword ranking, “Vietnam” and Vietnamese creator Rosa (@rosababyvip) dominated the top two spots with overwhelming search volume, highlighting the loyalty of Vietnamese enjoyers of SWAG. Meanwhile, keywords like “Ex-Army Chief Counselor Neinei” and “Sea Dragon Frogman 177” maintained high visibility throughout the year, landing them in 3rd and 6th places, respectively.

Analyzing average daily login time by users from different countries, SWAG users spent 15 minutes and 56 seconds per session on average globally, 49 seconds longer than last year. Taiwan emerged as the undisputed champion with an average daily login time of 16 minutes and 21 seconds, the only country above the platform average. On the flip side, Japanese users clocked in at just 11 minutes and 25 seconds, becoming the quickest to reach post-nut clarity. Notably, Vietnamese users soared from last year’s last place to the 4th longest with their online duration time, surpassing users from Singapore and the U.S.

Among SWAG’s nearly 200 hashtags, “Big Boobs” reclaimed its crown from last year’s champion, “Schoolgirl,” becoming the most searched hashtag of the year. “Schoolgirl” fell to 4th, edged out by “Gangbang.” Surprisingly, the long-beloved tag “Creampie” dropped to its record-low position, only ranking 9th.

SWAG noted that nearly 5,000 new creators joined this year, with 40% hailing from Vietnam, making it the country with the most new creators, followed by Taiwan. Among the talents, luna (@rouav) and Jolly (@jollyntr) were crowned as the most popular creator and best newcomer respectively! After a brief hiatus, Luna made a strong comeback by captivating fans with her “natural melons,” “S-line waist,” “perky booties,” and “flawless legs.” Her popularity skyrocketed by 891 spots, earning her the title of SWAG’s Most Popular Creator 2024. The best newcomer, Jolly, who only joined SWAG less than a year ago, gained immense popularity for her housewife aesthetic and NTR-themed content. Fans of the married lady buzzed over her livestreams and videos, where her husband reportedly has been watching helplessly behind the camera, further fueling her meteoric rise.

In other creator data, SWAG’s “Fan Following Clock” is ticking faster than ever! On average, a creator gains a new follower every 5.7 seconds on the platform. Additionally, 8.8% of new creators earn USD 30,000 in less than four months, with Betty (@bettyqueen) achieving this milestone in just three weeks, making her the fastest-earning newcomer of 2024.

Does SWAG make creators rich? The numbers prove everything. This year,  Shirley (@shirleybebe) posted a story, which was unlocked by over 3,000 users within 48 hours, earning her approximately $1,500 instantly as the post became the most profitable story of 2024. Best Newcomer Jolly also delivered impressive results. After debuting in May, one of her long videos attracted over 2,000 viewers, earning her $17,000 just from that one single upload.

When it comes to SWAG’s most lucrative money-making features, livestreaming and private messaging definitely top the list. For example, when Grape (@stellajs) hosted her birthday livestream this year, she generated USD 37,000 in just three hours. Meanwhile, Nini Baby (@ninibaby), well-known for her private chats, sent 380,000 text messages to users this year, receiving 85,000 replies and countless chat gifts. Her private messaging income alone earned a staggering USD 490,000 in revenue, a 17% increase from last year, securing her throne as SWAG’s Queen of private chat.

《2024 SWAG Recap》: https://swag.live/blog/en/swag_2024_recap/

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Higer New V Series, Leading Bus New Trend

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SUZHOU, China, Dec. 24, 2024 /CNW/ — In November 2024, Higer New V Series buses officially launched in the Philippines, this batch of electric buses was the first batch of new energy buses introduced by the Philippines and put into commercial operation. And it has aroused extensive attentions and heated discussions from the Philippines local government, media and people.

Higer New V Series products were launched globally in March 2024, and then made a stunning debut at the Higer Global Partners Conference. The New V-series products with a new shape and a new platform are committed to creating new classic models with high quality, high safety and high intelligence.

In 3 years, more than 1000 people participated in the process of R&D, a one-time investment of more than 100 million yuan was made in the R&D and manufacturing of key components, equipment, tooling, molds, inspection tools, verification of components and vehicle, achieving comprehensive innovation, realizing a significant improvement in product quality and reliability, maintenance convenience and customer experience. Measuring from 8 to 13 meters in length, they can be powered by fossil fuels, electricity, hydrogen, etc. and are readily adaptable for the tourist transportation market, urban public transportation market, etc. The luggage compartment volume is 21.6% greater than similar products, the seating space is 50mm larger, and the middle aisle is 30mm wider. The overall component universality rate was greatly improved by the platform, modular, and universal design concept, and the number of component types decreased by 58%.

It is worth mentioning that Higer is committed to creating a technological experience, redefining the domain-centralized electronic and electrical architecture, and Higer launched the industry’s first mass-produced intelligent cabin. It will help the driver concentrate on driving. The new model provides a mobile phone control interface, drivers and tour guides can control lighting, multimedia, air conditioning, etc. through app. In addition, the intelligent cabin can be customized according to the operational needs of the transport company, realizing intelligent dispatching, intelligent charging, intelligent maintenance, AI interaction, and human-computer interaction.

So far, Higer new V series coaches have already received orders from more than 20 countries like Italy, Qatar, UAE, Saudi Arabia, Algeria and etc., showing a fast rising popularity in the international market.

Higer new V series are committed to providing customers with new “classic models” with better quality, higher efficiency, achieving sustainable development and exploring more possibilities.

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