The product information management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Product Information Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The product information management market size has grown rapidly in recent years. It will grow from $13.95 billion in 2023 to $16.4 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to rising complexity of product data, regulatory compliance, e-commerce growth, demand for operational efficiency, increasing customer expectations.
The product information management market size is expected to see rapid growth in the next few years. It will grow to $32.88 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to globalization of markets, emphasis on data quality and governance, integration with other business systems, growing importance of omnichannel marketing. Major trends in the forecast period include ai and machine learning integration, cloud-based pim solutions, mobile pim applications, personalization capabilities, blockchain for data integrity, cross-channel data synchronization, collaborative pim, real-time data management.
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Scope Of Product Information Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Demand for product information management software from the thriving eCommerce industry across the globe is contributing to the growth of the market. Product information management systems enable businesses to properly evaluate, structure, and validate their brand and product data before sharing it with all supply chain partners in the relevant formats and at the appropriate time. E-commerce enterprises regularly experiment with new digital technologies and integrate them into their business processes to meet 100% of their customers’ demands, along with the e-commerce development pace. For instance, the e-commerce business has experienced rapid expansion as a result of rapid digitalization, and an ever-increasing number of online buyers has fueled the growth of global e-commerce. The revenue of the global e-commerce industry is expected to increase by 12% YoY and reach $2.7 trillion in 2021, according to data presented by TradingPlatforms.com. Thus, the rising demand for product information management software from the thriving eCommerce industry is anticipated to propel market growth shortly.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The product information management market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: On-premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By End User: Consumer Goods And Retail, Banking, Financial Services And Insurance (BFSI), Telecom And IT, Manufacturing, Transportation And Logistics, Media And Entertainment, Other End Users
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Regional Insights –
North America was the largest region in the product information management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the product information management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the product information management market report are International Business Machines Corporation, SAP SE, Informatica LLC, Magnitude Software Inc., Contentserv Inc., Plytix Limited, Salsify Inc., Riversand Technologies Inc., Pimcore, Akeneo SAS, Stibo Systems A/S, EnterWorks Acquisition Inc., Agility Multichannel Limited, Mobius Knowledge Services Inc., Profisee Group Inc., Censhare AG, Vinculum Solutions Inc., TrueCommerce Inc., Vimedici AG, Imagine Communications Corp., inRiver AB, StoreGekko Limited, Idiosity Inc., Icecat NV, Skypim Limited, Merchantry Global Inc., ADAM Software NV, Oracle Corporation, ASIM Products
Table of Contents
1. Executive Summary
2. Product Information Management Market Report Structure
3. Product Information Management Market Trends And Strategies
4. Product Information Management Market – Macro Economic Scenario
5. Global Product Information Management Market Size and Growth
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31. Global Product Information Management Market Competitive Benchmarking
32. Global Product Information Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Product Information Management Market
34. Product Information Management Market Future Outlook and Potential Analysis
35. Appendix
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