Growing need to deliver enhanced customer experience and manage increasing volumes of product data are key factors driving the market revenue growth
VANCOUVER, BC, CANADA, March 14, 2022 /EINPresswire.com/ — The global product information management market size is expected to reach USD 24.39 billion in 2028 and register a stable CAGR during the forecast period , according to the latest analysis from Emergen Research. The steady growth in market revenue can be attributed to the growing need to provide an improved customer experience. Additionally, increasing pressure on retailers to provide a more informative and functional B2B online customer experience, including high-quality product information, is expected to continue driving the adoption of customer information management systems. products.
Managing product information in business applications helps address challenges posed by the proliferation of product information, increased buyer demand, the need to manage inventory levels, customer orders and returns clients. With product information management, retailers can ensure better accuracy of information provided by their manufacturers and internal enterprise resource planning (ERP) and inventory management systems. The growing need to manage growing volumes of product data due to the steady growth of e-commerce and retail businesses has led to an increasing adoption of product information management systems.
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The latest study provides an insightful analysis of the vast competitive landscape of the Global Product Information Management Market, with a focus on the leading market rivals and their company profiles. A wide range of strategic initiatives, such as new business deals, mergers and acquisitions, collaborations, joint ventures, technology upgrades, and recent product launches, undertaken by these companies have been discussed in the report. The report analyzes various elements of the competitive scenario of the market such as regulatory standards and policies implemented in the industry over the past few years.
Some major players in the global market include
Oracle, SAP, IBM, Informatica, Winshuttle, Pimcore, Akeneo, Riversand Technologies, Inc., Salsify Inc., and Aprimo.
Main information presented in the report:
Market revenue share by major business players, by type, by application and market scope of the global product information management market
Turnover of the main players and new entrants
Competitive analysis of key players including aspects such as business overview, product or service specifications, suppliers and buyers
Recent mergers, acquisitions, product launches, recent investments and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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Emergen Research has segmented the global product information management market based on supply, deployment, end-use, and region:
Supply Outlook (Revenue, USD Billion; 2018-2028)
Deployment Outlook (Revenue, USD Billion; 2018-2028)
On the site
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Media and Entertainment
IT and Telecommunications
Transport and logistics
The detailed regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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In June 2020, Winshuttle, which is the leader in data management and process automation software, announced a partnership with ABBY, which is the leader in intelligent document processing. The partnership is expected to help companies transform their strategic processes to digital and deliver “Inbox to SAP”.
The services segment accounted for the largest share of revenue in 2020. Companies offering product information management systems provide support, training, and maintenance services to help internal staff understand product information management systems. product information, which drives the growth of the service segment.
Cloud segment revenue is expected to grow at a rapid CAGR during the forecast period. Rising demand for cloud-based solutions for storing information is expected to drive the growth of the product information management market over the forecast period.
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