Product information

Product Information Management (PIM) Market Worth $23.8 Billion by 2027 – Exclusive Report by MarketsandMarkets™

MarketsandMarkets Research Pvt. ltd.

Chicago, July 13 2022 (GLOBE NEWSWIRE) — According to a research report “Product Information Management (PIM) Market by Component, Solution (Multi-Domain and Single-Domain), Deployment Type, Organization Size, Vertical (Consumer Goods & Retail, IT & Telecom, and Media & Entertainment), and Region – Global Forecast to 2027 », released by MarketsandMarkets™, the global PIM market size is expected to grow from USD 12.2 billion in 2022 to USD 23.8 billion by 2027, at a compound annual growth rate (CAGR) of 14.3% at during the forecast period. Growing demands for better customer experience, along with updated product information across all channels, demand to deliver contextualized user experience, and an increase in digital content in businesses, are among the major factors driving the growth of the PIM market.

Browse the in-depth table of contents at “Product Information Management Market”
235 – Tables
41 – Numbers

Download the PDF brochure:

According to verticals, media and entertainment segment is expected to grow at the highest CAGR during the forecast period

The PIM market is segmented into BFSI, Consumer Goods & Retail, Manufacturing, IT & Telecom, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, and Other Verticals (Education, Travel & Hospitality). According to the verticals, the media and entertainment sector is expected to grow at the highest CAGR during the forecast period. The demand for PIM in the media and entertainment industry vertical is increasing due to the growing need for data silos, different data management systems, diverse and large product portfolios, dispersed product information, changing consumer expectations and increasing demand for reduced time to market. .

The cloud segment is expected to grow at the highest CAGR during the forecast period

Based on the mode of deployment, the cloud segment is expected to grow at the highest CAGR for the cPIM market during the forecast period. The PIM market by deployment type is segmented into on-premises and cloud deployment type. The on-premises type of deployment is preferred by large enterprises as these organizations prefer information to be kept on a local server as the cloud has security issues. However, large enterprises and SMEs have started to adopt cloud services and solutions to reduce their CAPEX. Additionally, cloud-based solutions offered scalability, flexibility, and a pay-as-you-go model that helps organizations reduce costs and access services and solutions anywhere, anytime. However, security issues associated with cloud deployment type are expected to impact its adoption during the forecast period.

Talk to the analyst:

APAC is expected to grow at the highest CAGR over the forecast period

In 2022, North America captured the majority of the market share, however, in 2027, APAC is expected to grow at the highest CAGR. Growing awareness of increasing business productivity, complemented by competently designed PIM solutions offered by vendors present in this region. Oracle, IBM, SAP, Pimcore and Informatica have their operations in the region due to the region’s low cost advantages and high labor availability. Additionally, the adoption of cloud-based solutions in Asia-Pacific is growing at an exponential rate. A growing number of startups with limited IT budgets makes the Asia-Pacific region a high-potential market. Additionally, extensive facilities for deploying and managing product information at economical costs are bolstering the growth of the market in this region.

Some of the main Product Information Management Market vendors are Oracle (US), SAP (US), IBM (US), Informatica (US), Pimcore (Austria), Akeneo (France), inriver (Sweden), Winshuttle (US) United States), Riversand (United States), Salsify (United States), Aprimo (United States), Stibo Systems (Denmark), Contentserv (Switzerland), Mobius (India), Perfion (Denmark), Profisee (United United States), Censhare (Germany), Vinculum (India), PIMworks (United States), Truecommerce (United States), Vimedici (Germany), Magnitude Software (United States), Plytix (Denmark) and Syndigo (United States ).

Browse adjacent markets: Software and Services Market Research Reports and Consulting

Related Reports:

Digital Identity Solutions Market by Component (Solutions & Services), Solution Type (Biometrics & Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Vertical & Region – Global Forecast to 2026

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]