The global Product Information Management (PIM) market size was USD 12.75 Billion in 2022 and is expected to register a steady revenue CAGR of 16.6% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for PIM solution from the e-commerce industry is a key factor driving market revenue growth. PIM solutions are processes and tools that manages a business' product information to secure a single, accurate view of product data, which offers a centralized platform to collect data on a business's products and services cost-effectively. A few of the systems that can be integrated with PIM include Enterprise Resource Planning (ERPs), Customer Relationship Management (CRMs), current product catalogs, relational databases, tracking or logistics systems, electronic data interfaces, partner data systems, mainframe legacy systems, Business Intelligence (BI) software, application server technologies, as well as transactional data apps.
The main objective of this Product Information Management Market study is to offer a detailed assessment of the business based on type, sector as well as geography. The researchers analyzing different elements associated with the business further offer extensive data regarding various factors such as opportunities, drivers, restraints and challenges influencing the growth rate of the Product Information Management industry.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Oracle, SAP, IBM, Informatica, Winshuttle, Pimcore, Akeneo, Riversand Technologies, Inc., Salsify Inc., and Aprimo
Research Report on the Product Information Management Market Addresses the Following Key Questions:
- Who are the dominant players of the Product Information Management market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Product Information Management market?
- What are the key growth drivers and restraining factors of the Product Information Management market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Product Information Management market and its key segments?
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Emergen Research has segmented the Product Information Management (PIM) Market on the basis of component, deployment mode, organization size, end-use vertical, and region:
Component Type Outlook (Revenue, USD Billion; 2019–2032)
- Solutions
- Multi-Domain
- Single Domain
- Services
- Training, Support, and Maintenance
- Consulting & Implementation
- Solutions
Deployment Mode Outlook (Revenue, USD Billion; 2019–2032)
- Cloud
- On-Premises
Organization Size Outlook (Revenue, USD Billion; 2019–2032)
- Large Enterprises
- Small & Medium Enterprises (SMEs)
End-Use Vertical Outlook (Revenue, USD Billion; 2019–2032)
- Information Technology (IT) & Telecom
- Manufacturing
- Banking, Financial Services, and Insurance (BFSI)
- Retail & Consumer Goods
- Media & Entertainment
- Transportation & Logistics
- Others
In conclusion, the Product Information Management Market report is an exhaustive database that will help readers formulate lucrative strategies. The Product Information Management Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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