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Media Asset Management Market Trends

  • Report ID: GMI10336
  • Published Date: Jul 2024
  • Report Format: PDF

Media Asset Management Market Trends

The move to cloud-based solutions is among the MAM market is a crucial trend. With the adaptability and reasonableness that cloud MAM frameworks give, businesses can oversee their media resources from any location with web connectivity. The motivation behind this approach is the growing need for more collaboration, particularly in the wake of the COVID-19 pandemic, which has highlighted the importance of adaptable and easily accessible technological solutions. Cloud-based MAM systems are appealing to both large and small enterprises because they enable them to manage larger volumes of content without having to make significant investments in on-premises hardware.
 

The way media resources are taken care of is being revolutionized by the integration of Machine Learning (ML) and Artificial Intelligence (AI) into MAM solutions. AI and ML advances move forward MAM capabilities by automating tasks such as video analysis, content classification, and metadata labeling. These improvements empower speedier data recovery and more proficient utilize of fabric by expanding the accuracy and effectiveness of media resource administration. Moreover, AI-driven analytics offer quick information on content engagement and substance victory, enabling businesses to optimize their media strategies and make data-driven decisions.
 

The expanding volume of digitized material and the stringent laws governing information security are reasons why the MAM business is emphasizing security and compliance. Companies need MAM frameworks with strong security features, like audit trails, access restrictions, and encryption, to safeguard their media assets from cyberattacks and unauthorized access. Compliance with legislation like the California Customer Protection Act (CCPA) and the Common Information Security Direction (GDPR) is another need that drives the need for MAM frameworks that ensure administrative compliance and information security.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of media asset management was worth over USD 1.84 billion in 2023 and is expected to grow at over 15.2% CAGR between 2024 and 2032, due to computerized change and the expansion of media content.

The media asset management market size from the SMEs segment is anticipated to witness 15% CAGR through 2032 led by higher adoption in various sectors, such as corporate communications, public relations, training, and showcasing.

The media asset management market from the media & entertainment end-use segment will exceed USD 15 billion by 2032, due to its critical necessity for effective management of huge digital content.

North America recorded over 35% share of the media asset management industry in 2023, owing to the booming media and entertainment sector

Media Asset Management Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 357
  • Countries covered: 21
  • Pages: 210
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