The latest report by IMARC Group, titled “India Digital Asset Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Size and Growth Forecast:
The India digital asset management market size reached US$ 147.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 448.7 Million by 2028, exhibiting a growth rate (CAGR) of 20.13% during 2023-2028.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Overview:
Digital asset management represents automated solutions that store, share, and organize several digital assets, such as webpages, text documents, processed data files, engineering blueprints, audio and video files, etc. It usually includes brand asset management systems, production asset management systems, library asset management systems, etc. These digital asset management services generally help organizations in storing and retrieving assets into a single centralized interface, automating workflow, streamlining cloud experience, managing permissions via copyright functionalities, etc. Consequently, they find extensive applications in numerous sectors, including media and entertainment, retail, manufacturing, healthcare, education, travel and tourism, etc., across India.
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India Digital Asset Management Market Growth Analysis:
The introduction of the fourth industrial revolution, or industry 4.0, is propelling the adoption of automation solutions to ensure smooth industry operations, which is among the key factors driving the India digital asset management market. Additionally, the rising number of high-net-worth individuals is acting as another significant growth-inducing factor. Besides this, the increasing integration of the system with enterprise resource planning (ERP), content management systems (CMS), marketing automation, and other IT solutions to enhance collaborative work processes across several departmental functions in an organization is also stimulating the market growth across the country. Moreover, the inflating need for this system to implement cloud suite solutions with multi-features for efficient controlling and managing of digital assets is further bolstering the market growth. Apart from this, the growing penetration of the internet and smartphones, and the escalating demand for advanced solutions that facilitate search functionality and allow end users to quickly identify, locate, share, edit, and review an asset-in-progress are expected to fuel the India digital asset management market over the forecasted period.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation:
The report has categorized the market based on type, component, application, deployment, organization size and end use sector.
Breakup by Type:
Breakup by Component:
Breakup by Application:
Breakup by Deployment:
Breakup by Organization Size:
Breakup by End Use Sector:
Breakup by Region:
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Key highlights of the report:
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