Product information

Product Information Management Market Extrapolated to Reach

Product Information Management Market

According to a new market research report “Product Information Management (PIM) Market by Component (Solutions & Services), Solution (Multimode & Singlemode), Deployment Type (On-premises & Cloud), Device Size ‘Organization, Vertical, and Region – Global Forecast to 2025’ published by MarketsandMarkets™, the market size is expected to grow from USD 9.0 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 12.2 % over the forecast period. Major factors driving the growth of the PIM industry include the increasing demand for PIM solutions from the booming e-commerce industry and the growing need to offer enhanced customer services.

Browse in-depth TOC on “Product Information Management (PIM) Market”
220- Tables
70- Numbers
200-pages

Download the PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=661489

The large enterprise segment will hold the largest market size during the forecast period

The adoption of PIM solutions and services is higher in large enterprises, and the trend is expected to continue during the forecast period. PIM systems provide a single centralized system for managing product information across industries. Therefore, large companies are investing heavily in advanced technologies to increase their overall productivity and efficiency. The demand for flexible, scalable and convenient services by large enterprises is expected to encourage market players to come up with newer technologies and innovative solutions.

Media and entertainment will register the fastest growth rate during the forecast period

As most of the population stays at home, the use of media and entertainment has increased with double digit growth. Moreover, PIM offers high visibility, scalability, and service optimization that can meet the challenges that have arisen due to the sudden increase in demand in the media and entertainment industry vertical.

APAC is expected to be the fastest growing region over the forecast period

The PIM Market in APAC is expected to grow at the highest growth rate during the forecast period. Intrinsic strength, progressive trade agreements between countries and recovering global demand are driving the PIM market in this region. This growth is evident with the acceptance of new cloud-based PIM solutions, services and platforms by developing countries in this region. APAC is experiencing strong growth due to growing global competition and an exponential increase in e-commerce penetration. Strong economic growth in developing countries, such as India, China, and Vietnam, has led to an increase in the use of online retail and media content.

Browse full report @ https://www.marketsandmarkets.com/Market-Reports/product-information-management-market-661489.html

Market players

Some prominent players in all types of services profiled in the PIM Market study include Oracle (US), SAP (US), IBM (US), Informatica (US), Pimcore ( Austria), Akeneo (France), Inriver (Sweden), Winshuttle (USA), Riversand (USA), Salsify (USA), Aprimo (USA), Stibo Systems (Denmark), Contentserv (Switzerland ), Mobius (India), Perfion (Denmark), Profisee (US), Censhare (Germany), Vinculum (India), Pimworks (US), Truecommerce (US), Vimedici (Germany), Magnitude Software (USA), Plytix (Denmark) and Syndigo (USA).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Office 430
Northbrook, Illinois 60062
USA: 1-888-600-6441
Email: [email protected]
Blog MnM: https://mnmblog.org
Source of content: https://www.marketsandmarkets.com/PressReleases/product-information-management.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.

Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators and Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.

This press release was published on openPR.