NEW YORK, Dec. 3, 2023 /PRNewswire/ -- The global digital asset management market size is estimated to increase by USD 11.93 bllion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 22.05% during the forecast period. The shift from on-premises to SaaS is notably driving the digital asset management market growth. Cloud-based storage services have gained significant popularity among organizations in various industries. These services offer digital file storage facilities, attracting many firms. Service providers not only manage digital files but also provide disaster recovery solutions. Additionally, cloud-based solutions offer flexibility in deployment, with three models available: infrastructure as a service (IaaS), platform as a service (PaaS), and Software as a Service (SaaS). This flexibility allows organizations to build their cloud-based infrastructure according to their business needs. Vendors focus on providing companies of all sizes by offering cost-effective solutions that meet the digital needs of organizations and their consumers. Hence, these factors are expected to drive the growth of the digital asset management (DAM) market growth during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report
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