Digital Asset Management Statistics


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Digital Asset Management Statistics 2023: Facts about Digital Asset Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Digital Asset Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Digital Asset Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Digital Asset Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 38 Digital Asset Management Statistics on this page 🙂

Digital Asset Management “Latest” Statistics

  • According to projections, the global market for digital transformation would increase at a compound annual growth rate (CAGR) of 16.5% from $469.8 billion in 2020 to $1,009.8 billion by 2025. (Research&Markets, 2020).[1]
  • By 2023, it is anticipated that digitally transformed businesses would account for $53.3 trillion, or more than half of the global GDP (IDC, 2020).[1]
  • By 2022, the world’s GDP is expected to be digital to the tune of 65%. (IMF, 2020).[1]
  • 70% of businesses either have or are developing a digital transformation strategy (PTC, 2019).[1]
  • Digital transformations are thought to have helped industrial firms the most (PTC, 2019).[1]
  • A digital business plan has already been embraced by 55% of startups (IDC, 2018).[1]
  • A digital business strategy has been embraced by 38% of traditional organizations (IDC, 2018).[1]
  • 89% of businesses either have or are preparing to implement a digital business strategy (IDC, 2018).[1]
  • Services (95%), financial services (93%), and healthcare (92%) are the top industries adopting digital business strategies (IDC, 2018).[1]
  • 39% of executives believe their digital transformation activities will pay off in three to five years (Fortinet, 2018).[1]
  • 21% of businesses in North America and Europe claim to have completed their digital transformation (Forrester, 2018).[1]
  • Only 17% of organizations with lower levels of digital maturity indicated they sell digitally connected items, compared to 58% of those with higher levels (Deloitte, 2020).[1]
  • Digital technology adoption can hasten by 22% the achievement of business objectives like financial returns, workforce diversity, and environmental targets (Deloitte, 2020).[1]
  • In actuality, 69% of businesses with greater levels of maturity use digital technologies to reduce carbon emissions, compared to 58% of businesses with lower levels of maturity (Deloitte, 2020).[1]
  • The most effective organizations that handled the pandemic reported having a wide range of technological capacities. 67% of respondents stated they were more computer-savvy than their peers before the crisis, and 56% said they were early adopters in experimenting with digital technologies during the crisis.[1]
  • Seventy-five percent of respondents indicated they could fill IT jobs during the crisis (McKinsey, 2020).[1]
  • 41% of executives from businesses with high levels of digital maturity focused on the benefits of digital transformation for sales and marketing, while 29% said that it had a good influence on growth and innovation (Deloitte, 2020).[1]
  • 38% of executives intend to increase their technology spending to gain a competitive edge (McKinsey, 2020).[1]
  • 70% of businesses believe that their CEO’s practical knowledge of emerging technology is adequate or above average (Futurum, 2018).[1]
  • Initiatives for digital transformation are either owned by or sponsored by 28% of chief information officers and 23% of chief executive officers (Altimeter, 2019).[1]
  • 37% of IT projects undertaken by businesses globally aim to enhance customer experience (Flexera, 2021).[1]
  • Market growth for asset management systems is anticipated to continue between 2020 and 2025, with a CAGR of 10.3%.[2]
  • Proper Asset and Inventory Tracking is Missing in 43% of Small Businesses.[2]
  • Despite the need for adequate security, research has found that 35% of corporate data is not safeguarded at all.[2]
  • In the “State of Digital Asset Management” report, recently released by Brandfolder and Demand Metric, figures revealed that 51% of marketers lose money generating or rebuilding assets that go unused because users don’t know they exist or can’t discover them.[3]
  • A little over 40% of marketers assert that they struggle to find digital assets and do not have a single reliable source of information.[3]
  • Content marketers who have incorporated a DAM platform manage their assets in 34% less time each week.[3]
  • In an August 2021 BNY Mellon research, 72% of institutional asset managers stated they intended to create asset tokenization solutions.[4]
  • The value of cryptocurrencies on the world market in August 2021 exceeded $2 trillion, more than doubling the value at the end of 2020.[4]
  • After only ten years of existence, the total market value of cryptocurrencies has surpassed that of gold by about 20%.[4]
  • By 2020, businesses will spend more than $5 billion on managing their digital assets.[5]
  • SaaS marketing receives 20% of the marketing technology spend.[5]
  • A DAM system can potentially raise high fives in your firm by 500% and assist marketers to shorten their time to market.[5]
  • According to one study, 40% of firms are speeding up their transition to the cloud because of the effects the worldwide epidemic has had on how we operate.[6]
  • With a Compound Annual Growth Rate (CAGR) of 13.6%, the size of the worldwide Digital Asset Management (DAM) market is anticipated to increase from USD 4.2 billion in 2022 to USD 8.0 billion by 2027.[7]
  • During the anticipated period, the digital asset management market is anticipated to grow at a CAGR of 18.58%.[8]
  • The digital transformation initiatives have gained traction during the pandemic, and as a result, marketing departments are focusing on producing more digital content and creative output, implementing new digital experience technologies, and investing in customer data and analytics, according to a study of 1,600 marketing and creative professionals conducted by Bynder in 2021.[8]
  • According to a study done by Adobe in February 2021 of 13,000 companies and agency experts for selling, advertising, e-commerce, innovative, and IT professionals worldwide.[8]

Also Read

How Useful is Digital Asset Management

One of the key advantages of digital asset management is its ability to help users easily find and access the assets they need quickly. Gone are the days of searching through multiple folders or relying on outdated filing systems to locate important documents or media files. With DAM, organizations can categorize assets, add metadata tags, and create customized keywords, making it simple for team members to retrieve exactly what they need in seconds.

Furthermore, DAM solutions offer enhanced security measures to protect valuable data and assets from cybersecurity threats and unauthorized access. By setting access permissions and user roles, businesses can control who can view, download, or edit specific assets, ensuring sensitive information remains confidential and secure.

Collaboration is another area where digital asset management shines. With cloud-based DAM platforms, team members can collaborate in real-time, share files, provide feedback, and work on projects simultaneously regardless of their physical location. This level of accessibility and flexibility greatly enhances productivity by reducing the time spent on back-and-forth communication and file sharing.

Moreover, digital asset management plays a crucial role in maintaining brand consistency and integrity. By centralizing brand assets such as logos, images, and marketing materials, businesses can ensure that all team members use the most up-to-date versions, adhere to brand guidelines, and deliver a cohesive brand experience to customers across different channels.

In addition, DAM solutions can be seamlessly integrated with other software platforms and tools, such as content management systems, marketing automation software, and e-commerce platforms. This integration enables businesses to streamline their workflows, automate repetitive tasks, and improve overall efficiency by eliminating manual processes and data silos.

Furthermore, the analytics and reporting capabilities of digital asset management provide valuable insights into asset performance, usage trends, and user behavior. By tracking metrics such as asset popularity, download history, and engagement rates, organizations can make data-driven decisions to optimize their content strategies, improve user experience, and maximize asset ROI.

Overall, digital asset management empowers organizations to better manage their digital assets, improve collaboration and productivity, enhance security and compliance, and maintain brand consistency. As businesses continue to digitize their operations and embrace remote work, the importance of DAM in supporting these changes cannot be overstated. By investing in a robust DAM solution, companies can future-proof their digital asset management strategy and stay competitive in today’s fast-paced digital economy.

Reference

  1. financesonline – https://financesonline.com/digital-transformation-statistics/
  2. gocodes – https://gocodes.com/asset-management-statistics/
  3. komarketing – https://komarketing.com/industry-news/report-digital-asset-management-remains-critical-to-content-marketing-success-4315/
  4. bnymellon – https://www.bnymellon.com/us/en/insights/all-insights/digital-assets-from-fringe-to-future.html
  5. bynder – https://www.bynder.com/en/blog/digital-asset-management-fun-facts/
  6. forbes – https://www.forbes.com/sites/forbesbusinesscouncil/2020/07/22/a-look-into-the-future-of-digital-asset-management/
  7. globenewswire – https://www.globenewswire.com/news-release/2022/04/05/2416276/0/en/The-global-Digital-Asset-Management-DAM-market-size-is-projected-to-grow-from-USD-4-2-billion-in-2022-to-USD-8-0-billion-by-2027-at-a-Compound-Annual-Growth-Rate-CAGR-of-13-6.html
  8. mordorintelligence – https://www.mordorintelligence.com/industry-reports/digital-asset-management-dam-market

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