Global Business Research Company Product Information Management Market Report 2022 – Global Market Size, Trends and Forecast 2022 – 2026
LONDON, GREATER LONDON, United Kingdom, Aug. 15, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Product Information Management Global Market Report 2022”, the size of the product information management market is expected to grow from $10.33 billion in 2021 to $12.21 billion in 2022 at a compound annual growth rate (CAGR) of 18.1%. The global product information management market share is expected to reach $24.82 billion in 2026 with a CAGR of 19.4%. According to the Product Information Management Market forecast, the demand for software from the booming e-commerce industry across the globe is contributing to the growth of the market.
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Key Product Information Management Market Trends
The integration of artificial intelligence and machine learning capabilities to improve information management and customer experience is propelling the product information management market forward. 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.
Product Information Management Market Overview
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.
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TBRC Global Product Information Management Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By component: software, services
• By type of deployment: on-premises, cloud
• By size of organization: large enterprises, small and medium enterprises
• By end user: consumer goods and retail, banking, financial services and insurance (BFSI), telecommunications and IT, manufacturing, transport and
Logistics, media and entertainment, other
• By Geography: The global product information management market segmentation is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major Market Players such as 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.
Trends, opportunities, strategies and much more.
The Global Product Information Management Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the global Product Information Management Market. The market report analyzes Product Information Management market size, Global Product Information Management market growth drivers, Global Product Information Management market segments, major Global Product Information Management Market players, Global Product Information Management Market growth across all geographies and Global Product Information Management Market competitors. turnover and market positioning. The Global Product Information Management market report enables you to gain insights into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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