The global Product Information Management (PIM) market size was valued at USD 12.2 Billion in 2021 growing at a CAGR of 14.3% from 2022 to 2032. Product information management (PIM) is a business tool that facilitates collaborative data enrichment and unifies the administration of product data and digital assets. It assists in standardizing the ever-expanding requirements for product content and distributes reliable, high-quality product information to sales and marketing channels.
The driving factor of the Product Information Management (PIM) market:
- Increased need for product data curation and management
Businesses in a wide range of industries are becoming aware of the need for an appropriate solution that can simplify the administration and curation of product data. The reason for this is that businesses are attempting to get a competitive edge in the ever-changing digital economy. Products with multiple channels, complex attribute models, endless aisles, multiple product hierarchies, complex user models, direct-to-consumer (DTC) commerce, and expensive-to-maintain legacy systems typically require product information management solutions. Companies are gravitating toward investing in PIM, fueling the growth of this market, as the market is rapidly changing and competitors are providing advanced capabilities.
- Improved product information is more in demand for future trade
- Rising demand for product information management software from the thriving eCommerce industry
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Key Highlights:
- The global Product Information Management (PIM) market size was valued at USD 12.2 Billion in 2021 growing at a CAGR of 14.3% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The Product Information Management (PIM) market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Oracle
- SAP
- IBM
- Informatica
- Pimcore
- Akeneo
- inriver
- Winshuttle
- Riversand
- Salsify
The Global Product Information Management (PIM) Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Product Information Management (PIM) market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID 19 impact, the Product Information Management (PIM) market report also includes the following data points:
- COVID 19 Impact on Product Information Management (PIM) market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Product Information Management (PIM) market
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Scope of the Report:
Market Segment By Component:
- Solution
- Services
Market Segment By Enterprise Size:
- Small and Medium-Sized Enterprise
- Large Enterprise
Market Segment By Deployment Type:
- On-Premises
- Cloud
Market Segment By End Use:
- BFSI
- Retail
- Manufacturing
- Telecom and IT
- Transportation and logistics
- Media and entertainment
- Other
Market Segment By Operating System:
- iOS
- Windows
- Android
- Others
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
North America is a significant PIM market because of the region’s organizations’ increasing usage of modern technologies to eliminate manual duties and streamline operations. E-commerce expansion also helps the growth of the analyzed industry. Furthermore, the area has a high presence of product information management (PIM) suppliers, which fosters the growth of the total industry.
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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