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The Digital Asset Management Market is expected to grow significantly during the forecast period due to the shift from on-premises solutions to SaaS-based solutions that provide mobile accessibility and other intuitive services. Cloud Digital Asset Management (DAM) is expected to have significant growth during the forecast period as it democratizes enterprise-wide digital media management and delivery, and promises to lower operational costs and boost productivity. The Retail & eCommerce vertical is expected to grow at the highest CAGR during the forecast period.