According to a new report Global Product Information Management (PIM) Market, published by KBV research, The Global Product Information Management (PIM) Market size is expected to reach $17 billion by 2026, rising at a market growth of 11.4% CAGR during the forecast period.
There is a massive implementation of PIM in the retail and e-commerce sector due to the shifting focus on improving customer experience and the adoption of AI and retail analytic tools in the e-commerce and retail industry. Digitalization helps the customers to gain access to product information from different sources. Customer preference and behavior have changed massively due to the increasing growth of the e-commerce sector. Furthermore, the mobility domain and artificial intelligence integrate smart data analytics, which helps retailers to obtain accurate analytics for their business globally.
The On-premise market dominated the Global Product Information Management (PIM) Market by Deployment Type 2019, growing at a CAGR of 10.5 % during the forecast period. The Cloud market is estimated to grow at the highest CAGR of 12.8% during (2020 - 2026).
It is estimated that North America will acquire the highest market share during the forecast period. It is due to the rising number of PIM vendors and technological advancement in the countries like Canada and the US. The Asia Pacific is recording a high growth rate owing to the rising global competition and a substantial rise in the eCommerce industry. The huge economic growth in developing countries like China, India, and Vietnam, has caused a surge in the utilization of online retail and media content.
Full Report: https://www.kbvresearch.com/product-information-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
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