The Worldwide Product Information Management Industry is Expected to Reach $16.5 Billion by 2026 - ResearchAndMarkets.com

The "Global Product Information Management Market (2021-2026) by Component, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Product Information Management Market is estimated to be USD 9.9 Bn in 2021 and is expected to reach USD 16.5 Bn by 2026, growing at a CAGR of 10.7%.

Key factors such as growing digitalization have led to an increase in an e-commerce transaction, thereby surging demand for a centralized repository of information. Also, such centralized data can help remove the inconsistencies in data across numerous data storage systems. These factors are prominently driving the growth of the Product Information Management (PIM) market. Moreover, to fulfill the customer's ever-changing demands, businesses implement these PIM systems to provide enhanced services to the customer to retain them. This has been positively impacting market growth further.

However, amidst a higher dependence on data application tools, there is an increased threat to security with data breaches and lower security systems in place. Also, the cost of deployment is high, with recurring upgrades and maintenance fees. These factors are likely to restrain market growth.

The global product information management Market is segmented based on Component, Deployment, Organization Size, Industry Vertical, and Geography.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Product Information Management Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

• Growing Demand for Centralized Data Management Tools
• Growing Demand for Enhanced Customer Service
• Growth in The E-Commerce Sector Leading to an Indispensable Requirement for Centrally Managed Data

Restraints

• High Data Breaches
• High Costs of Deployment

Opportunities

• Integration of Artificial Intelligence (AI) And Machine Learning (Ml) With PIM
• Shifting Preferences towards Cloud-Based Applications

Challenges

• Diversified Data Legislations and Regulations
• Lack of Awareness About PIM

Companies Mentioned

• SAP SE
• Salsify Inc.
• Syndigo LLC
• Informatica LLC
• inRiver AB
• Stibo Systems Inc.
• Agility Multichannel Ltd. (Magnitude Software Inc.)
• IBM Corporation
• Pimcore GmbH
• Akeneo SAS
• Plytix Limited
• Riversand Technologies Inc.
• Censhare
• Contentserv
• ADAM Software NV (Aprimo)
• Oracle Corporation
• Winshuttle, LLC.
• Mobius Knowledge Services.
• Perfion A/S
• Profisee Group Inc.
• Vinculum Solutions Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/k5r7uc

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005618/en/