Report Scope & Overview:
The Media Asset Management Market size was valued at USD 1.59 billion in 2022 and is expected to grow to USD 4.44 billion by 2030 and grow at a CAGR of 13.7 % over the forecast period of 2023-2030.
Media Asset Management (MAM) is a crucial component of the video production process, particularly in post-production. It refers to the workflow and software that facilitates the storage, processing, and distribution of multimedia files throughout their content lifecycle. With a MAM system, organizations can manage their vast media libraries from a secure, centralized location, streamlining their operations and enhancing their productivity. While most MAM solutions are designed to manage video files, the latest generation of solutions, such as Evolphin Zoom, can handle all types of rich media files. These advanced solutions integrate seamlessly with key editing tools, including Adobe Premiere, Avid Media Composer, Apple Final Cut Pro, and DaVinci Resolve, providing users with a comprehensive and efficient media management experience. By leveraging the power of MAM, organizations can optimize their video production workflows, reduce costs, and improve the quality of their content. With the right MAM solution, businesses can stay ahead of the competition and deliver exceptional multimedia experiences to their audiences.
Growth of the market will be aided by rising demand for cloud-based asset management.
The quantity of media assets and the rate of advancement are dramatically rising across companies due to changes in customer behavior. Companies are increasingly storing their media assets in the cloud as a result of the growth in the volume of media assets. This has prompted existing on-premises MAM solution vendors to improve their cloud-based MAM solutions and brought about the entry of new cloud-based MAM solution providers. Several MAM suppliers, including Sony Corporation, Hexaglobe, Imagen, Publitio, and Blue Lucy Media, currently provide cloud-based MAM solutions. AWS and Google are only two of the companies that have worked with providers of cloud platforms.
When compared to on-premises choices, cloud-delivery options offer setup, affordable licenses, and maintenance. Most businesses benefit from these cost savings.
High Implementation and Integration Costs to Restrain Market Growth
With regard to initial deployment and license fees for managing media assets, MAM solutions provide a number of benefits. Although the overall cost of MAM deployment and licenses is rising along with the number of users per account and storage capacity. In addition, many SMEs are hesitant to deploy MAM systems due to the issue with support service pricing.
In the media and entertainment industries rapidly growing use of media asset management solutions.
The growing need to comply with asset management standards will provide enormous growth prospects.
Bandwidth and connectivity issues pose a significant challenge to the expansion of the market.
Impact Of covid-19
Digital Development and COVID-19 Will Strengthen Market Expansion
Due to a rise in online content consumption, the global COVID-19 pandemic catalyzed a massive number of media assets. As the world grows more digitalized, the amount of content and media created or consumed has expanded tremendously. During this period of transition, there was a significant increase in the usage of online video streaming services, music consumption, digital marketing, gaming, and social networking. With more companies engaging in digital marketing campaigns, brand management, public relations, social media, audio and video streaming, and advertising where animations, images, and videos are essential, they have been among the top trends.
Impact of Russia Ukraine War
The war has caused disruptions in the supply chain of media asset management products and services, leading to delays in delivery and increased costs. Additionally, the political instability in the region has resulted in a decrease in foreign investment, which has further affected the market. However, despite these challenges, the media asset management market has shown resilience and adaptability. Companies have been forced to find new ways to operate and innovate in order to meet the changing demands of the market.
In conclusion, the Russia-Ukraine war has had a significant impact on the media asset management market, but it has also presented opportunities for growth and innovation. As the conflict continues, it will be important for companies in this industry to remain agile and adaptable in order to navigate the challenges and capitalize on the opportunities presented by this evolving market.
Impact of Ongoing Recession
The media asset management market has been significantly affected by the recent economic recession. This downturn has resulted in a decrease in demand for media asset management services, as companies have been forced to cut back on their spending. As a result, many media asset management providers have struggled to maintain their market share and profitability.
However, despite these challenges, there are still opportunities for growth in the media asset management market. As companies look for ways to streamline their operations and reduce costs, they are increasingly turning to media asset management solutions to help them manage their digital assets more efficiently. This trend is expected to continue in the coming years, as companies seek to stay competitive in an increasingly digital world.
To capitalize on these opportunities, media asset management providers must be able to offer innovative solutions that meet the evolving needs of their clients.
Key Market Segmentation
The Media Asset Management Market is segmented into three types on the basis of by Organization Size, by Deployment, and by End-user.
by Organization Size
SMEs (Small and Medium Enterprises)
Media and Entertainment
During the future period, North America is anticipated to receive the greatest revenue share. It is projected that this market will be continuously driven by the rising demand from various industries in the North American area. Due to the massive increase in digital data from the web, social media, and sensors brought on by developing technologies that gather and analyze such data, MAM is currently in the phase of rejuvenation in North America. Prominent players from the United States and Canada believe that the potential to improve linked products, services, and customer reach has considerably expanded. The presence of major media and broadcasting companies in the area is also expected to benefit this sector. These factors are expected to drive market expansion in the near future.
During the forecast period, the Asia Pacific region is anticipated to see a phenomenal growth rate. The market in Asia Pacific nations like India, Japan, and others is anticipated to be driven by the rise of Industry 4.0 which led to the increased usage of automation. Furthermore, the Asia Pacific market is being encouraged by the steady change from the traditional to the digital method.
In the global market for media asset management, the Europe market is anticipated to dominate. The rise of the European market is being driven by increased digitalization across numerous nations, including the U.K., Germany, Italy, France, and Benelux, in the production of vast digital content. Due to workflow cooperation and automation, the expanding number of MAM providers has also raised awareness of the software's availability and penetration of cloud-based solutions.
In the regional analysis study of the regions of North America, Europe, Asia Pacific middle east, and Africa.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
May 2022: Media asset management will now incorporate artificial intelligence thanks to VidiNet, a cloud-based media services platform from Arvato Systems. The system's Deep VA AI software integration enriches current video and image content with metadata, making it easier and faster to catalog and find media assets.
At its facility in Rio de Janeiro, Multirio upgraded its playout capabilities with Etere ETX, Channel-in-a-Box in April 2022. The goal of this project is to continue Etere and Multirio's ten-year collaboration.
The major players of the market are Amazon.com, Inc., VSN Video Stream Networks S.L., Dalet, Etere, Microsoft Corporation, Tedial, Quantum Corporation, NEP Group, Inc., Sony Group Corporation, Imagen, SI-MEDIA Srl, MerlinOne, Prime Focus Technologies, and others in the final report.
|Market Size in 2022||US$ 1.59 Bn|
|Market Size by 2030||US$ 4.44 Bn|
|CAGR||CAGR of 13.7% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Organization Size (SMEs (Small and Medium Enterprises), and Large Enterprises)
• By Deployment (On-Premise, Cloud)
• By End-User (Media and Entertainment, BFSI, Government, Healthcare, Retail, Manufacturing, Other)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Amazon.com, Inc., VSN Video Stream Networks S.L., Dalet, Etere, Microsoft Corporation, Tedial, Quantum Corporation, NEP Group, Inc., Sony Group Corporation, Imagen, SI-MEDIA Srl, MerlinOne, Prime Focus Technologies|
|Key Drivers||• Growth of the market will be aided by rising demand for cloud-based asset management.|
|Market Opportunities||• In the media and entertainment industries rapidly growing use of media asset management solutions.
• The growing need to comply with asset management standards will provide enormous growth prospects.
The CAGR of the Media Asset Management Market for the forecast period 2022-2029 is 13.7 %.
The market is expected to grow to USD 4.44 billion by the forecast period of 2030.
The major worldwide key players in the Media Asset Management Market are Amazon.com, Inc., VSN Video Stream Networks S.L., Dalet, Etere, Microsoft Corporation, Tedial, Quantum Corporation, NEP Group, Inc., Sony Group Corporation, Imagen, SI-MEDIA Srl, MerlinOne, Prime Focus Technologies, and others in the final report.
USD 1.59 billion in 2022 is the market share of the Media Asset Management Market.
The forecast period for the Media Asset Management Market is 2022-2030.
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