The Asia Pacific Product Information Management (PIM) Market would witness market growth of 13.2% CAGR during the forecast period (2020-2026). PIM software simplify and automates the business process for efficient, consistent, and accurate management of the product content. Every organization which has scattered information about the product across the various departments uses the product information management system.
It also helps in accumulating information from various departments and combines them into one product data which is accessible to every member. Management of product information helps companies in decreasing the time and cost involved in generating, publishing, storing, and managing information. PIM is among the most widely used thread that operates via sales, e-commerce, and marketing domains.
The significant growth of the e-commerce sector is one of the factors that facilitate the growth of the product information management market. The e-commerce industry has contributed to the development of multi-channel retailing, where a specific channel needs different versions of product information. Companies with huge volume of inventories must have authentic and updated product information. The cost incurred due to the inaccurate inventory, returned items, incorrect shipments, and other errors has a noticeable effect on the revenue of a company. A surge in multichannel commerce, and online retailing, etc. resulted in the significant growth in product information and also increased the complexities of data management. It further results in the growing adoption of product information management software for organizing and managing product information across various sales channels and locations.
Based on Component, the market is segmented into Solution and Services. Solution segment is further bifurcated across Multi Domain and Single Domain. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on End User, the market is segmented into Consumer Goods & Retail, BFSI, Telecom & IT, Manufacturing, Transportation & logistics, Media & Entertainment and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Product Information Management (PIM) Market in Asia Pacific is expected to register a CAGR of 13.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Oracle Corporation, Informatica, LLC, Salsify, Inc., Syndigo, LLC, inRiver AB, Akeneo SAS, Plytix Limited, and Stibo Systems, Inc. (The Stibo Group)
By Component
By Deployment Type
By Organization size
By End User
By Country
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