Product Information Management Market

Product Information Management (PIM) Market worth $23.8 billion by 2027

According to a research report "Product Information Management (PIM) Market by Component, Solution (Multi-domain, and Single Domain), Deployment Type, Organization Size, Vertical (Consumer Goods & retail, IT & Telecom, and Media & Entertainment) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global PIM market size to grow from USD 12.2 billion in 2022 to USD 23.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.3% during the forecast period. Growing demands for better customer experience, as well as updating product information across all the channels, demand for delivering contextualized user experience, and a raise in digital content across enterprises, are among the major factors boosting the growth of the PIM market.

Browse 235 market data Tables and 41 Figures spread through 201 Pages and in-depth TOC on "Product Information Management (PIM) Market by Component, Solution (Multi-domain, and Single Domain), Deployment Type, Organization Size, Vertical (Consumer Goods & retail, IT & Telecom, and Media & Entertainment) and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/product-information-management-market-661489.html

As per verticals, the media & entertainment segment to grow at highest CAGR during the forecast period

PIM market is segmented into BFSI, consumer goods & retail, manufacturing, IT & telecom, media & entertainment, healthcare & life sciences, transportation & logistics, and other verticals (education, and travel & hospitality). As per verticals, the media & entertainment vertical is expected to grow at the highest CAGR during the forecast period. The demand for PIM among media & entertainment industry vertical is rising owing to rising need for data silos, different data management systems, diverse and vast product portfolios, dispersed product information, changing consumer expectations, and growing demand for reducing the time-to-market.

Cloud Segment to grow at the highest CAGR during the forecast period

As per deployment mode, Cloud Segment to grow at the highest CAGR for the cPIM market during the forecast period. The PIM market by deployment type is segmented into on-premises and cloud deployment type. On-premises deployment type is preferred by large enterprises as such organizatios prefer information to be kept on local server as cloud has security issues. However, large enterprises and SMEs have started adopting cloud services and solutions in oreder to reduce their CAPEX. Moreover, cloud-based solutions offerd scalability, flexibility and pay as you go model which helps orgnizations to save cost and access services and solutions anywhere at any time. However, security issues associated with cloud deployment type is expected to impact its adoption during the forecast period.

APAC is expected to grow at the highest CAGR during the forecast period

In 2022, North America has captured the majority of the market share, however, in 2027 APAC is expected to grow at highest CAGR. The rising awareness about the increase in business productivity, supplemented with competently designed PIM solutions offered by vendors present in this region. Oracle, IBM, SAP, Pimcore, and Informatica have their businesses in the region due to the region’s low-cost benefits and high availability of workforce. Furthermore, the adoption of cloud-based solutions in the Asia Pacific is expanding at an exponential rate. An increased number of startups with limited IT budgets is leading the Asia Pacific region becoming a highly potential market. Additionally, extensive facilities for the deployment and management of product information at economical costs are enhancing market growth in this region.

Some of the major PIM market vendors are Oracle (US), SAP (US), IBM (US), Informatica (US), Pimcore (Austria), Akeneo (France), inriver (Sweden), Winshuttle (US), Riversand (US), Salsify (US), Aprimo (US), Stibo Systems (Denmark), Contentserv (Switzerland), Mobius (India), Perfion (Denmark), Profisee (US), Censhare (Germany), Vinculum (India), PIMworks (US), Truecommerce (US), Vimedici (Germany), Magnitude Software (US), Plytix (Denmark), and Syndigo (US).

Don’t miss out on business opportunities in Product Information Management (PIM) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Product Information Management (PIM) Market Size,  Share & Growth Report
Report Code
TC 4280
PR Published ON
6/30/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home