Digital Asset Management Market Size to Hit US$ 16.0 Billion, Driven by Cloud-Based Adoption & Growing Demand for Efficient Enterprise Solutions | Research by SNS Insider [Yahoo! Finance]
Teradata Corporation (TDC)
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Source: Yahoo! Finance
Pune, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Digital Asset Management Market Analysis: “According to the SNS Insider Research, The Digital Asset Management Market size was valued at US$ 4.3 billion in 2023 and is expected to reach US$ 16.0 billion by 2032, expanding at a CAGR of 15.7% over the forecast period 2024–2032.” Growing Adoption of Cloud-Based Solutions The growing adoption of cloud-based digital asset management (DAM) solutions is one of the major factors contributing to the rapid growth of the digital asset management market. The governments of many countries across the globe are accelerating the adoption of cloud infrastructure as a part of their digital transformation agenda. The adoption of cloud-based services for digital asset management has been a part of the strategy for many businesses to move from traditional on-premises hosted solutions to the cloud for higher flexibility, easier scalability, and cost-effectiveness. According to the U.S. Department of Commerce,
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