Product information

Global product information management industry expected to reach $16.5 billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Product Information Management Market (2021-2026) by Component, Deployment, Organization Size, Vertical, Geography, Competitive Analysis, and Impact of COVID-19 with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The Global Product Information Management Market is estimated to be valued at USD 9.9 Billion in 2021 and is projected to reach USD 16.5 Billion by 2026, growing at a CAGR of 10.7%.

Key factors such as increasing digitization have led to an increase in e-commerce transactions, thereby increasing the demand for a centralized repository of information. In addition, this centralized data can help eliminate inconsistencies in data between many data storage systems. These factors are driving the growth of the Product Information Management (PIM) market. Moreover, to meet the ever-changing demands of the customer, companies are implementing these PIM systems to provide enhanced services to the customer to build loyalty. This has had a positive impact on the growth of the market.

However, amid an increased reliance on data enforcement tools, there is an increased security threat with data breaches and inferior security systems in place. Additionally, the cost of deployment is high, with recurring upgrades and maintenance fees. These factors are likely to restrain the growth of the market.

The global product information management market is segmented on the basis of component, deployment, organization size, industry vertical, and geography.

Competitive quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global Product Information Management market.

  • The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes an in-depth analysis of the market using Porter’s 5 forces model and Ansoff’s matrix. The impact of Covid-19 on the market is also presented in the report.

  • The report also contains competitive analysis using the Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Report Highlights:

  • A comprehensive analysis of the market, including the parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current and projected market size based on value and volume

  • Market shares and strategies of the main players

  • Recommendations for companies to strengthen their presence in the market

Market dynamics

Drivers

  • Growing demand for centralized data management tools

  • Growing demand for improved customer service

  • Growth in the e-commerce sector leading to an indispensable requirement for centrally managed data

Constraints

  • High data breaches

  • High deployment costs

Opportunities

  • Integrating Artificial Intelligence (AI) and Machine Learning (ML) with PIM

  • Changing preferences towards cloud-based applications

Challenges

  • Diversified data laws and regulations

  • Lack of awareness of PIM

Companies cited

  • SAP SE

  • Salsify Inc.

  • Syndigo LLC

  • Informatica LLC

  • inRiver AB

  • Stibo Systems Inc.

  • Agility Multichannel Ltd. (Magnitude Software Inc.)

  • IBM Corporation

  • Pimcore GmbH

  • Akeneo SAS

  • Plytix Limited

  • Riversand Technologies Inc.

  • Censhare

  • contentserv

  • ADAM Software SA (Aprimo)

  • Oracle Corporation

  • Winshuttle, LLC.

  • Mobius knowledge services.

  • Perfion A/S

  • Profisée Group Inc.

  • Vinculum Solutions Pvt. ltd.

For more information about this report visit https://www.researchandmarkets.com/r/k5r7uc