According to IMARC Group’s latest report, titled “Product Information Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global product information management market reached a value of US$ 10.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2027, exhibiting a CAGR of 11.47% during 2022-2027.
What is Product Information Management?
Product information management (PIM) represents a system, or a collection of systems utilized for managing and centralizing product information. It comprises the handling of data, content, and other materials required for the selling and marketing of products. Product information management is employed in e-commerce organizations to maintain product catalogs with consistent and accurate information. PIM can be combined with catalog management, business process management (BPM), data quality, etc., to identify and sort complex data and then forward it to the required distribution channels. As a result, PIM finds various applications across numerous industry verticals, including retail, manufacturing, healthcare, information technology (IT), telecom, etc.
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Product Information Management Market Trends:
The increasing digitalization and the growing adoption of centralized data management tools across several industries are primarily driving the global product information management market. Moreover, the rising popularity of e-commerce platforms is further propelling the market growth, since several online sales channels are utilizing PIM systems to enhance the consumer experience and provide efficient onboarding assistance to maintain high customer ratings. Besides this, the elevating requirement of PIM systems in the media and entertainment industry for publishing and managing product information is also augmenting the global market. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) with PIM systems is expected to fuel the product information management market in the coming years.
Competitive Landscape with Key Players:
The competitive landscape of the market has been analyzed in the product information management market report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
- Aprimo US LLC
- Magnitude Software, Inc.
- International Business Machines (IBM) Corporation
- Informatica LLC
- inRiver Inc.
- Oracle Corporation
- Pimcore GmbH
- Riversand Technologies, Inc.
- SAP SE
- Stibo Group.
Key Market Segmentation:
The report has categorized the market based on deployment type, component type, operating system, organization size and vertical.
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Component Type:
- Software
- Single Domain
- Multi-Domain
- Services
- Consulting and System Integration
- Training, Support and Maintenance
Breakup by Operating System:
- iOS
- Windows
- Android
- Others
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Vertical:
- BFSI
- Manufacturing
- Retail
- Healthcare
- IT and Telecom
- Logistics and Transportation
- Travel and Hospitality
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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