According to the latest report of the IMARC group, entitled “Product Information Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the The Global Product Information Management (PIM) Market Reaches a Value of US$7.7 Billion in 2020. Product Information Management (PIM) represents a system or set of systems used to manage and centralize product information. It includes the processing of data, content and other elements necessary for the sale and marketing of the products. Product information management is used in e-commerce organizations to maintain product catalogs with consistent and accurate information. PIM can be combined with catalog management, business process management (BPM), data quality, etc., to identify and sort complex data and then route it to the required distribution channels. As a result, PIM finds various applications in many verticals including retail, manufacturing, healthcare, information technology (IT), telecommunications, and more.
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Growing digitalization and rising adoption of centralized data management tools across multiple industries is majorly driving the global product information management market. Additionally, the growing popularity of e-commerce platforms is further propelling the market growth as several online sales channels are using PIM systems to enhance consumer experience and provide effective onboarding assistance to maintain ratings high from customers. Furthermore, the growing requirement for PIM systems in the media and entertainment industry for publishing and managing product information is also increasing the global market. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) into PIM systems is expected to drive the product information management market in the coming years. Looking ahead, IMARC Group expects the product information management market to reach a value of US$13 billion by 2026.
Like the novel coronavirus (COVID-19[female[feminine) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Competitive landscape with key players:
- Aprimo US LLC
- Magnitude Software, Inc.
- International Business Machines (IBM) Corporation
- Informatica LLC
- inRiver Inc.
- Oracle Corporation
- Pimcore GmbH
- Riversand Technologies, Inc.
- SAP SE
- Stibo Group.
Breakdown by type of deployment:
Breakdown by type of component:
- Single domain
- Consulting and system integration
- Training, support and maintenance
Breakdown by operating system:
- the Windows
Breakdown by organization size:
- Small and medium enterprises
- Large companies
- Health care
- IT and Telecom
- Logistics and transport
- travel and hospitality
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Structure of the global market
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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