Thanks for the reply Gaurav.Does that mean, Creative Cloud user need to have AEM installed if they need to use DAM or DAM comes as a package for Creative Cloud as well?

I am little confused about the Digital Asset Manager. Is there a standalone installation of Adobe DAM or it comes packaged with AEM?If it comes as a package with AEM, then is it mandatory for the clients who use creative could to have AEM instance, if they want to make use of DAM?