GCC Digital Asset Management Market

GCC Digital Asset Management Market Overview:

The GCC digital asset management market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Digital asset management (DAM) is a software-based solution utilized by organizations for quick storage, retrieval, and use of digital assets, including processed data files, engineering blueprints, text documents, web pages, audio, videos, and graphics. It allows the authorized user to retrieve, review, edit and transfer data via a centralized interface. It also automates workflow, manages permissions through copyright functionalities, and streamlines the cloud experience for users. It assists in monitoring content effectiveness, providing access control, optimizing overall firm performance, and ensuring an optimum level of security at minimal operational costs.

There is an increase in the adoption of DAM solutions in small and medium-scale enterprises (SMEs) on account of rapid digitization, rising cloud-based solutions, and remote working models. It is used for marketing and broadcasting purposes and the growing need to automate workflow collaboration and gain controlled access with better security. This represents one of the major factors bolstering the market growth in the GCC region. Moreover, these solutions are used in the e-commerce sector to provide real-time information and predictive alerts on warehouse management and delivery. Along with this, the increasing demand for online shopping among the masses is favoring the market growth in the region. In addition, the integration of machine learning (ML), artificial intelligence (AI), and the internet of things (IoT) in DAM solutions are offering lucrative growth opportunities to market players operating in the region. Apart from this, these solutions find extensive application in the banking, financial services and insurance (BFSI) sector to streamline banking operations, protect the confidential information of customers and prevent against security breaches. This, coupled with the rising use of online banking services, is creating a positive outlook for the market in the GCC region. Besides this, key players are investing in research and development (R&D) activities in the field of information technology (IT), which is anticipated to provide a positive outlook to the market.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC digital asset management market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC digital asset management market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC digital asset management market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC digital asset management market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC digital asset management market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC digital asset management market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC digital asset management market industry. Furthermore, the value chain analysis of the GCC digital asset management market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Digital Asset Management Market Segment Insights:

The GCC digital asset management market has been analysed as followed:

By Type:

• Brand Asset Management System
• Library Asset Management System
• Production Asset Management System

By Component:

• Solution
• Services
  • Consulting
  • System Integration
  • Support and Maintenance

By Application:

• Sales and Marketing
• Broadcast and Publishing
• Others

By Deployment:

• On-premises
• Cloud

By Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

By End Use Sector:

• Media and Entertainment
• Banking, Financial Services and Insurance (BFSI)
• Retail
• Manufacturing
• Healthcare and Life Sciences
• Education
• Travel and Tourism
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Digital Asset Management Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC digital asset management market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs