The global product information management (PIM)market size is expected to reach USD 24.39 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising need for providing enhanced consumer experience. In addition, increasing pressure on distributors to provide more informative and functional B2B online customer experience that includes high-quality product information is expected to continue to drive adoption of product information management systems going ahead.
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Product Information Management (PIM) in business applications help to address challenges posed by proliferation of product information, increasing buyer demand, necessity of managing inventory levels, sales orders, and customer returns. With the help of Product Information Management (PIM), distributors can ensure better accuracy of the information provided by their manufacturers and internal Enterprise Resource Planning (ERP) and inventory management systems.
Competitive Outlook:
The global Product Information Management (PIM) market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Product Information Management (PIM) market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Major players in the market include Oracle, SAP, IBM, Informatica, Winshuttle, Pimcore, Akeneo, Riversand Technologies, Inc., Salsify Inc., and Aprimo.
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Emergen Research has segmented the global Product Information Management (PIM) market on the basis of offering, deployment, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Services
Solution
Deployment Outlook (Revenue, USD Billion; 2018–2028)
On-premise
Cloud
End-use Outlook (Revenue, USD Billion; 2018–2028)
Media & Entertainment
BFSI
Healthcare
Retail
IT and Telecommunication
Energy Utilities
Transportation and Logistics
Others
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Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Product Information Management (PIM) market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Product Information Management (PIM) market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
What will be the estimated growth rate of the Product Information Management (PIM) market by 2028?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Product Information Management (PIM) market throughout the forecast period?
What are the current and future market trends of the Product Information Management (PIM) market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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