Data Bridge Market Research analyses that the Product Information Software Management Market is expected to reach USD 57.43 billion by 2030, which was USD 15.17 billion in 2022, at a CAGR of 18.10% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Recently, more professionals have paid more attention to product information software management systems due to the increasing demand for a better customer experience. Furthermore, the demand for the software-as-a-service versions of business applications augmented dramatically in current times. Moreover, the android segment is expected to be the fastest-growing segment during the forecast period due to its standardized operating system platforms, low cost, and user-friendly interface.

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Global Product Information Software Management Market

Drivers

  • Rising need for product data curation and management

Companies from various industries recognize the need for an appropriate solution to simplify product data management and curation. This is explained by businesses wanting a competitive edge in the ever-changing digital market. When there are multiple channels, complex attribute models, endless aisles (inbound or outbound) and when legacy systems become expensive to maintain, product information management solutions are typically needed. Companies are focussing on investing in product information software management due to the marketplace's rapid change and competitors' introduction of cutting-edge capabilities, boosting this industry's expansion.

.Opportunities

  • Increasing demand for better product information for future commerce

B2C and B2B customers demand more persuasive, frictionless, and personalized transaction experiences in the digital economy. To maximize the narrative being presented about their products, retailers, manufacturers, and brands must provide correct product data to all their distribution channels. Product information management (PIM) software is crucial for businesses to market their goods and services through consumer engagement channels successfully. Therefore, the growing demand for better product information for the upcoming period will create lucrative opportunities for market growth.

Some of the major players operating in the product information software management market are:

  • SAP SE (U.S.)
  • IBM (U.S.)
  • Informatica (U.S.)
  • Oracle (U.S )
  • Akeneo (France)
  • Pimcore (Austria)
  • Syndigo LLC (U.S.)
  • Aprimo (U.S.)
  • Vinculum Solutions Pvt. Ltd (India)
  • censhare GmbH (Germany)
  • Verint Systems Inc. (U.S.)
  • Servion Global Solutions (India)
  • CallMiner (U.S.)
  • NGDATA, Inc. (Belgium)
  • Acoustic, L.P. (U.S.),
  • FirstHive (U.S.)
  • CaliberMind (U.S.)
  • Amperity, Inc.  (U.S.)
  • Cerebri AI Inc. (U.S.)

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Global Product Information Software Management Market Scope

Component

  • Solutions
  • Single Domain
  • Multi-Domain
  • Services
  • Consulting and Implementation
  • Training, Support, and Maintenance

 Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Deployment Type

  • Cloud
  • On-Premise

 Operating System

  • IOS
  • Windows
  • Android
  • Others

Industry Vertical

  • Banking, Financial Services and Insurance
  • Consumer Goods and Retail
  • Manufacturing
  • I.T. and Telecom
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Others

Product Information Software Management Market Regional Analysis/Insights

The countries covered in the product information software management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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