MRRSE has announced the addition of a new research study on the "Corporate Heritage Data Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its report database.

1. Corporate Heritage Data Management Market: Detailed
Analysis and Forecast by 2016 - 2024
Report Description
The global market for corporate heritage data management
solutions is experiencing significant growth in demand from a
number of industry verticals. Demand for essential

2. historical/heritage in an organized manner is the driving
force of the market. Companies have started realizing the
benefits of heritage data for marketing and brand
development activities. Increased spending on marketing and
related activities is anticipated to drive the corporate heritage
data management market.
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Transparency Market Research estimates that the global
corporate heritage data management market will rise to a
valuation of US$834.6 mn by 2024, from US$175.2 mn in
2015. The market is estimated to expand at a remarkable

3. CAGR of 19.1% during the forecast period from 2016 to
2024.
Digital Asset Management Solutions Witness High Adoption
Levels
Among the solutions used for corporate heritage data
management, digital asset management (DAM) held the
largest market share of approximately 66% in 2015, as digital
asset management provides an all-inclusive system for
achieving corporate heritage data management. It provides a
logical hierarchy for all the digital data within the
enterprise. Data can be organized according to various
parameters which can be manually selected. Furthermore,

4. digital asset management provides advanced security features
such as authorized permissions to data and features. It helps
in limiting the exposure of intellectual property owned by
enterprises. Full lifecycle support helps in moving the content
within different applications and manage the workflow.
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The segment of digital asset management is expected to
retain its dominance in the global corporate heritage data
management market throughout the forecast period as well,
and account for a nearly 67% of the global market by 2024.
The segment of data collection management (DCM) solutions

5. holds a much lesser share in the global market as compared
to the segment of DAM solutions, however, both the
segments are anticipated to experience similar growth during
the forecast period.
North America to Continue to Dominate Market but Lose to
Asia Pacific in Terms of Growth Rate
In 2015, North America was the dominant market for
corporate heritage data management as demand across the
retail and manufacturing sectors experienced high adoption of
sophisticated heritage data management solutions for effective
organization of historic data. The use of heritage data
management solutions across automobile companies for using

6. historic data such as profiles of old models and
manufacturing facilities also substantially increased in the
region in the past few years. The continuous rise in demand
for advanced heritage data management solutions across
numerous industries is expected to allow North America to
retain its dominance in the global market in the next few
years as well.
However, due to the growing needs from the media and
entertainment and telecom and IT sectors, Asia Pacific is
anticipated to outpace North America and Europe, the latter
of which presently holds the second position in the global
market, over the forecast period. The region is expected to
exhibit a CAGR of 21.3% from 2016 through 2024. The Asia

7. Pacific heritage data management market is expected to gain
tremendous growth opportunities from the flourishing telecom
and IT sectors.
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market
The market presently features a rather small number of
established vendors. As such, the competition is moderate.
However, the high growth prospects of the market are
expected to attract many new vendors, making the market
more competitive. Some of the key players operating in the
corporate heritage data management market are North Plains

8. Systems Corp., Open Text Corporation, Widen Enterprises,
Inc., NetXposure, Inc., MediaBeacon, Inc., Eloquent Systems,
Inc., CultureArk, GruppoMeta, Extensis, Inc., Arkivum Ltd.,
Media Equation Pty Ltd., Heritage Werks, Inc. and FINNZ.
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