DUBLIN–(BUSINESS WIRE)–The “Product Information Management Market by Component (Solutions and Services), Deployment Type, Organization Size, Industry Vertical (Consumer Goods and Retail, Manufacturing, and Transportation and Logistics), and Region – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
Need for a centralized database to eliminate data inconsistencies, achieve better syndication, and reduce Time-To-Market (TTM) to drive the adoption of Product Information Management( PIM) solutions and services
The PIM market is growing rapidly, owing to factors such as the growing need to gain real-time visibility into data to reduce TTM and increasing need for eliminating data inconsistencies across multiple data silos. However, varied data and government regulations across industries and regions, and complex data governance and system integration are expected to pose challenges in the implementation of PIM solutions.
Cloud deployment type to grow at a higher CAGR during the forecast period
With the rising technology infusion and increasing data, most of the organizations want access to ostensibly infinite resources, and hence, they are increasingly moving toward adopting cloud-based technologies. The cloud deployment model is mostly adopted by organizations that either want less customized solutions or want rapid implementation, and reduced setup and operational costs. Owing to this, many leading PIM solution providers such as SAP, Akeneo, Plytix, Pimcore, and Oracle are focusing on improving their cloud portfolio, which is another factor that aids to increase the adoption of cloud deployment model for PIM solutions.
Consumer goods and retail industry vertical to hold the highest market share during the forecast period
Changing consumer demands and rising competition compel the consumer goods and retail industry vertical to continuously improve its products and services, resulting in different product lines, vast product portfolio, and continuous product changes. With this, organizations across the consumer goods and retail industry are increasingly deploying PIM solutions to optimize the collection, enrichment, and syndication of their product information. The need to adhere to various regulations prevailing in the industry, and improve customer and supplier experiences are various other factors for the high adoption of PIM solutions among consumer goods and retail companies.
Asia Pacific to grow at the highest CAGR during the forecast period
The high growth of the market in Asia Pacific (APAC) can be attributed to the increasing internet penetration and consumer spending, rising number of business processes, springing startups having limited IT budgets, and increasing adoption of cloud technologies. Various global PIM solution providers, including 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
Key benefits of the report
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall PIM market and its subsegments. It would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. It would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Product Information Management Market
4.2 North American Market, By Industry Vertical and Country
4.3 Product Information Management Market: Major Countries
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Industry Trends
6 Product Information Management Market, By Component
6.1 Introduction
6.2 Solutions
6.3 Services
7 Product Information Management Market, By Deployment Type
7.1 Introduction
7.2 On-Premises
7.3 Cloud
8 Product Information Management Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises
9 Product Information Management Market, By Industry Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 Consumer Goods and Retail
9.4 Manufacturing
9.5 IT and Telecom
9.6 Media and Entertainment
9.7 Healthcare and Life Sciences
9.8 Transportation and Logistics
9.9 Others
10 Product Information Management Market, By Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.3 Competitive Leadership Mapping
12 Company Profiles
12.1 Introduction
12.2 SAP
12.3 IBM
12.4 Informatica
12.5 Oracle
12.6 Akeneo
12.7 Pimcore
12.8 Salsify
12.9 inRiver
12.10 Magnitude Software
12.11 Stibo Systems
12.12 Contentserv
12.13 Enterworks
12.14 Plytix
12.15 Riversand
12.16 Aprimo
12.17 Mobius
12.18 Perfion
12.19 Profisee
12.20 Censhare
12.21 Vinculum
12.22 Right to Win
For more information about this report visit https://www.researchandmarkets.com/r/a8ir2h
