The digital asset management market is expected to grow at a CAGR of 23% during the forecast period. Shift from on premises to saas, drivers.2, and drivers.3 are some of the significant factors fueling digital asset management market growth.
Shift from on premises to saas
The market is in the early growth stage and presents a high growth opportunity for new vendors to enter the market. The moderately capital-intensive nature of the industry further aids in the entry of new players. However, it not easy for new entrants to enter the market and gain market share due to the strong presence and large customer base of the existing vendors. Thus, the threat of new entrants will remain moderate throughout the forecast period.
