Global Product Information Management Market Overview And Prospects – Includes Product Information Management Market Share
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The global product information management market is expected to grow from $10.33 billion in 2021 to $12.21 billion in 2022 at a compound annual growth rate (CAGR) of 18.1%. The global product information management market size is expected to grow to $24.82 billion in 2026 at a CAGR of 19.4%.
Demand for product information management software from the thriving eCommerce industry across the globe is contributing to the growth of the market.
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The product information management market consists of sales of product information management software solutions by entities (organizations, sole traders, and partnerships) that refer to the process of managing and improving product information and relevant digital content across many teams to provide an engaging consumer experience and sell products successfully across numerous sales and marketing channels. Product information management ensures that the entire business ecosystem has consistent and up-to-date information.
Global Product Information Management Market Segments Include:
By Component: Software, Services
By Deployment Type: On-premises, Cloud
By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
By End-User: Consumer Goods and Retail, Banking, Financial Services and Insurance (BFSI), Telecom and IT, Manufacturing, Transportation and Logistics, Media and Entertainment, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global product information management market in 2021.
Integration of artificial intelligence and machine learning capabilities to enhance information management and customer experience is propelling the product information management market forward. Artificial intelligence (AI) and machine learning have rapidly become one of the most popular trends in the industry, and many businesses are eager to use these technologies to improve their digital experiences. Businesses can provide more effective, intuitive, and meaningful consumer purchase experiences with updated product data on their commerce websites by incorporating AI into PIM systems.
TBRC’s Product Information Management Market Report Covers:
Major Market Players: IBM Corporation, SAP SE, Informatica LLC., Magnitude Software, Contentserv, Plytix Limited, Salsify Inc., Riversand Technologies Inc., Pimcore USA, Akeneo SAS, Stibo System, EnterWorks Acquisition Inc., Agility Multichannel Limited, Mobius, Profisee, Censhare, Vinculum, Truecommerce, and Vimedici.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Product Information Management Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides product information management market overviews, analyzes and forecasts market size, share, product information management market players, product information management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s product information management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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