#3200, SEATTLE, WASHINGTION, USA, April 8, 2022 /EINPresswire.com/ — Coherent Market Insights has released a new study on the “Product Information Management (PIM) Software Market” which aims to provide An in-depth examination of factors influencing global business introduction and outlook.The detailed information of the Global Product Information Management (PIM) Software market report and overview highlighting the latest trends in various regions. Major players in the market will benefit from the business insights provided in this report. The Information Management (PIM) Software Market research report is an intelligence report that includes accurate and valuable data on market size, developing countries, market share and revenue forecast up to in 2027. It also provides insights into market development and capabilities.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝘁𝗼 𝘁𝗼 𝘁𝗼:
Akeneo, Salsify Inc., Catsy, Plytix, Syndigo LLC, Pimcore, inRiver, PropelPLM, Inc., Syndigo LLC, EnterWorks and Sales Layer
The product information management software market is expected to grow at a CAGR of XX% during the forecast period owing to the growing adoption of PIM in the retail and e-commerce industry. For example, in January 2019, Unbxd, an e-commerce platform, announced the launch of an AI-powered PIM solution that enables brands and retailers to bring their products to market faster by automating the process of creating, collaboration and distribution and by offering memorable products. experiences that convert buyers.
Among the regions, North America and Asia-Pacific are expected to experience robust growth in the Product Information Management (PIM) Software Market owing to growing internet and smartphone penetration and growing fast in the e-commerce industry. For example, according to the India Brand Equity Foundation (IBEF), India’s e-commerce market is expected to reach US$200 billion by 2026, up from US$38.5 billion in 2017.
Product Information Management (PIM) software helps to collect, manage and enrich product information, create product catalog and distribute it across sales and e-commerce channels. PIM makes it easier and faster to create and deliver engaging product experiences. In addition, the PIM user allows uploading, modifying and distributing SKU-level data across e-commerce channels.
Product Information Management (PIM) software also makes it easy to maintain consistent, quality product data and information. It is commonly used by suppliers to streamline the delivery process and improve the quality and consistency of product data, as well as to provide a better product experience for the customer. Thus, the implementation of PIM software is also increasing across the globe.
𝗕𝗿𝗼𝘄𝘀𝗲 𝗳𝗼𝗿 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗧𝗢𝗖 𝘄𝗶𝘁𝗵 𝘄𝗶𝘁𝗵 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:
𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 :-
On the basis of software, the global product information management software market is segmented into
➡ Single Domain Product Information Management Software
➡ Multi-domain product information management software
On the basis of services, the global product information management software market is segmented into
➡ Managed Services
➡ Professional services
➡ Training Services
On the basis of deployment, the global product information management software market is segmented into
➡ On site
On the basis of end-use industry, the global product information management software market is segmented into
➡ Banking, Financial Services and Insurance
➡ IT and Telecom
➡ Automotive & Transportation
$𝗚𝗲𝘁 𝗮𝗻 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁
𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:
Rising demand for product information management solutions and rising need to offer enhanced customer services is expected to fuel the growth of the product information management (PIM) software market over the period of forecast. For example, in May 2020, Widen launched a PIM solution that allows brands to assemble and distribute marketing copy, specs, and assets with the Widen Collective. The platform will help companies speed up product launches and ensure the accuracy of their product listings across the web.
Additionally, the increase in the integration of Artificial Intelligence (AI) and Machine Learning (ML) due to favorable government initiatives to encourage the adoption of AI and ML in various industries is expected to accelerate the growth of the product information management (PIM) software market. For example, in 2019, the US President launched the American Artificial Intelligence Initiative, the US national strategy to maintain US leadership in AI. This in turn is expected to boost the demand for PIM software.
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