Rising e-commerce trade across the globe along with the indispensable requirement for centrally managed data throughout the supply chain drives the demand for product information management market
The Global Product Information Management market size is anticipated to reach USD 11 billion by 2025. The growing need for eradicating data inconsistencies through various data silos along with increasing need to enable real-time visibility into data to decrease Time to Market (TTM) is expected to fuel the growth of the industry over the fo recast period.
Product information management enables organizations to store all the essential promotional and technological information related to a software product. With the help of PIM, this data is integrated and stored securely. PIM enables global identification, networking, and coordination of software product information to the businesses. Moreover, it also facilitates generating as well as management of central database systems. Product information management also provides the extraction of data for any product without compromising on the data quality and compliance requirement.
The global product information management market contains both solutions and services segments. The solutions segment of the product information management component has a maximum revenue share within the global product information management market in 2019. However, the services segment is anticipated to grow at a considerable rate over the forecast period.
The report also focusses on different aspects of the global product information management (PIM) by assessing the industry using value chain analysis. The report includes various qualitative aspects of the product information management industry in market drivers, market restraints & key industry trends. Moreover, the report provides an in-depth evaluation of the market competition with company profiles of global as well as local vendors.
The global product information management market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global product information management market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the product information management applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the product information management market in North America.
The major players of the global product information management market are IBM Corporation, SAP AG, Oracle Corporation., InRiverAB, Riversand Technologies, Informatica LLC, Inc., ADAM Software NV, Stibo Systems, Agility Multichannel Ltd., Pimcore GmbH, and more. The product information management market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Product Information Management Market
Component Overview, 2018-2025 (USD Billion)
- Consultation & Implementation
- Training Support & Maintenance
Organization Size Overview, 2018-2025 (USD Billion)
- Small & Medium
Deployment Overview, 2018-2025 (USD Billion)
Application Overview, 2018-2025 (USD Billion)
- IT & Telecom
- Media & Entertainment
- Transportation & Logistics
- Travel & Hospitality
Regional Overview, 2018-2025 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America