Global Business Research Company Product Information Management Market Report 2022 – Global Market Size, Trends and Forecast 2022 – 2026
LONDON, GREATER LONDON, United Kingdom, Aug. 10, 2022 /EINPresswire.com/ — According to the “Product Information Management Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the The information management market size is expected to reach $24.82 billion in 2026 with a CAGR of 19.4%. According to the product information management market overview, the demand for product information management software from the booming e-commerce industry across the globe is contributing to the growth of the market.
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The product information management market includes sales of product information management software solutions by entities (organizations, sole traders, and partnerships) that refer to the process of managing and improving product information and relevant digital content across many teams to deliver an engaging customer experience and sell products successfully across many sales and marketing channels. Product information management ensures that the entire commerce ecosystem has consistent and up-to-date information.
Global Product Information Management Market Trends
Product information management industry trends include the integration of artificial intelligence and machine learning capabilities to improve information management and customer experience, which is propelling the market up before. Artificial intelligence (AI) and machine learning have quickly become one of the hottest trends in the industry, and many companies are eager to use these technologies to improve their digital experiences. Businesses can provide consumers with more efficient, intuitive, and meaningful shopping experiences with updated product data on their commerce websites by integrating AI into PIM systems. For example, in 2019, Akeneo, a technology company based in France, launched Akeneo PIM 3.0 to connect to its Franklin AI-powered library of 50 million products, which uses AI to automatically update descriptions and product information. Therefore, the integration of artificial intelligence and machine learning capabilities to improve information management and customer experience helps the market grow more efficiently.
Segments of the global product information management market
The global product information management market is segmented:
By component: software, services
By type of deployment: on-premises, cloud
By organization size: large enterprises, small and medium enterprises
By End User: Consumer Goods & Retail, Banking, Financial Services & Insurance (BFSI), Telecom & IT, Manufacturing, Transportation & Logistics, Media & Entertainment, Other
By Geography: The global Product Information Management market research report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Of these regions, North America accounts for the largest share.
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The Global Product Information Management Market Report 2022 is part of a series of new reports from The Business Research Company that provide global Product Information Management market overviews, analysis and forecasts of the market size and growth for the global product information management market, the global product information management market share, segments and geographies of the global product information management market products, Global Product Information Management Market players, revenue, profiles and market shares of top competitors in the Global Product Information Management Market. The Product Information Management Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
The TBRC Product Information Management Global Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: IBM Corporation, SAP SE, Informatica LLC., Magnitude Software, Contentserv, Plytix Limited, Salsify Inc., Riversand Technologies Inc., Pimcore USA, Akeneo SAS, Stibo System, EnterWorks Acquisition Inc., Agility Multichannel Limited, Mobius, Profisee, Censhare, Vinculum, Truecommerce and Vimedici.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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