While we can’t predict the future (yet…), I found this Market Growth insight shared by MarketWatch interesting when thinking ahead.
What are Industry Insights?
The global Digital Asset Management (DAM) market size was valued at USD 1922.88 million in 2022 and is expected to expand at a CAGR of 19.08% during the forecast period, reaching USD 5481.42 million by 2028.
It looks like the report will go on to break it down by region, with further data on Covid- and Ukraine-related impact and much more. Now, am I going to spend the $3k licence to receive the full report? Probably not. Yet even seeing the potential market size expansion is encouraging.
In Research and Markets report, the expansion rate is even higher, at 22.6%
In the changed post COVID-19 business landscape, the global market for Digital Asset Management (DAM) estimated at US$5.7 Billion in the year 2022, is projected to reach a revised size of US$29.2 Billion by 2030, growing at a CAGR of 22.6% over the analysis period 2022-2030.
Either way, our world is getting smaller and our need to share assets is growing, and it’s nice to see some data to back that up. Both reports also included a list of key players in the DAM world, so check to see if you agree on the partners listed or if there are more to include.