11 DAM Stats That Will Blow Your Mind

Digital Asset Management (DAM) has proven to be an essential resource for marketers, designers, brand managers and agency owners.

New DAM solutions mean brands can spend less and get more return on investment than ever before.

The following slides will give you an idea of just how fast the industry is growing and how much companies are saving by jumping on the DAM bandwagon.

Read on for 11 DAM stats that will blow your mind.

1. Research shows that businesses with well-managed, consistent brands are worth up to 20% more than those who aren’t.

2. Employees without access to a DAM solution spend 5x longer looking for the right assets.

3. Digital Asset Management is expected to grow from $4.6 billion in 2014 to $9.01 billion by 2020.

4. A business with 30 employees can save $6,000 a year by using DAM.

Research indicates that for every dollar invested in DAM, the return is between $8 and $14.

6. The average company wastes $10,000 a year mismanaging digital assets.

7. Without DAM, it costs over $44,000 a year to manage assets.

8. Each year, an average of 3 assets are used incorrectly because metadata could not be found. The average cost per incident is $5,000. That’s $15,000 a year!

9. The average cost of replacing a single lost asset is $1,000.

10. It takes an average of just 3 days to implement a DAM system.

11. Over five years, a company that uses DAM can save $120,938 on workflow efficiency, $4,300 on asset re-creation and $64,500 on DRM compliance. That’s over $189,000!

Are you ready to jump on the DAM bandwagon?

Find out how Brandfolder makes Digital Asset Management simple and easy.

This Slideshare was created by Morgan Quinn, the Digital Content Manager at Brandfolder.

Connect with her on Twitter if you want to keep in touch.