The product information management (PIM) system is primarily used by e-commerce organizations for managing and centralizing product information. Furthermore, it also offers simplified business operations by maintaining product catalogs with consistent and accurate information. The PIM system can be integrated with various management tools to identify and sort complex data, thereafter, forwarding it to the required distribution channels. Furthermore, the ability to efficiently manage and coordinate product-related data has augmented the demand for the PIM system on a global level.
The global product information management market grew at a CAGR of around 18% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Product Information Management (PIM) Market Trends:
Rapid digitalization, coupled with the increasing adoption of centralized data management tools across industries, is currently bolstering the demand for PIM systems. Furthermore, the exponential growth in the e-commerce trade is also driving the market. Several online sales channels are utilizing PIM systems for improving consumer’s experience and offering efficient onboarding assistance to retain customer ratings. Moreover, the growing popularity of PIM systems in the media and entertainment industry for publishing and managing product information is further aggravating the market growth. Additionally, the rapid integration of artificial intelligence (AI) and machine learning (ML) with PIM systems is anticipated to stimulate the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The report has segmented the market on the basis of Deployment Type, Component Type, Operating System, Organization Size, Vertical, and Region.
Breakup by Deployment Type:
Cloud-based
On-premises
Breakup by Component Type:
Software
Single Domin
Multi-Domain
Services:
Training, Support and Maintenance
Consulting and System Integration
Breakup by Operating System:
iOS
Windows
Android
Others
Breakup by Organization Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Vertical:
BFSI
Manufacturing
Retail
Healthcare
IT and Telecom
Transportation and Logistics
Travel and Hospitality
Others
Market Breakup by Region
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
For more information about this report: https://www.imarcgroup.com/product-information-management-market
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