Global PIM Market Size is Expected to Grow from USD 7.0 Billion in 2019 to USD 11.4 Billion by 2024 - ResearchAndMarkets.com

DUBLIN--()--The "Product Information Management Market by Component (Solutions and Services), Deployment Type, Organization Size, Industry Vertical (Consumer Goods and Retail, Manufacturing, and Transportation and Logistics), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Need for a centralized database to eliminate data inconsistencies, achieve better syndication, and reduce Time-To-Market (TTM) to drive the adoption of Product Information Management( PIM) solutions and services

The PIM market is growing rapidly, owing to factors such as the growing need to gain real-time visibility into data to reduce TTM and increasing need for eliminating data inconsistencies across multiple data silos. However, varied data and government regulations across industries and regions, and complex data governance and system integration are expected to pose challenges in the implementation of PIM solutions.

Cloud deployment type to grow at a higher CAGR during the forecast period

With the rising technology infusion and increasing data, most of the organizations want access to ostensibly infinite resources, and hence, they are increasingly moving toward adopting cloud-based technologies. The cloud deployment model is mostly adopted by organizations that either want less customized solutions or want rapid implementation, and reduced setup and operational costs. Owing to this, many leading PIM solution providers such as SAP, Akeneo, Plytix, Pimcore, and Oracle are focusing on improving their cloud portfolio, which is another factor that aids to increase the adoption of cloud deployment model for PIM solutions.

Consumer goods and retail industry vertical to hold the highest market share during the forecast period

Changing consumer demands and rising competition compel the consumer goods and retail industry vertical to continuously improve its products and services, resulting in different product lines, vast product portfolio, and continuous product changes. With this, organizations across the consumer goods and retail industry are increasingly deploying PIM solutions to optimize the collection, enrichment, and syndication of their product information. The need to adhere to various regulations prevailing in the industry, and improve customer and supplier experiences are various other factors for the high adoption of PIM solutions among consumer goods and retail companies.

Asia Pacific to grow at the highest CAGR during the forecast period

The high growth of the market in Asia Pacific (APAC) can be attributed to the increasing internet penetration and consumer spending, rising number of business processes, springing startups having limited IT budgets, and increasing adoption of cloud technologies. Various global PIM solution providers, including Oracle, IBM, SAP, Pimcore, and Informatica, have their businesses in the region due to the region's low-cost benefits and high availability of workforce

Key benefits of the report

The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall PIM market and its subsegments. It would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. It would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.2.1 Inclusions and Exclusions

1.3 Market Scope

1.3.1 Market Segmentation

1.3.2 Regions Covered

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.3.1 Top-Down Approach

2.3.2 Bottom-Up Approach

2.4 Market Forecast

2.5 Assumptions for the Study

2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Product Information Management Market

4.2 North American Market, By Industry Vertical and Country

4.3 Product Information Management Market: Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Industry Trends

6 Product Information Management Market, By Component

6.1 Introduction

6.2 Solutions

6.3 Services

7 Product Information Management Market, By Deployment Type

7.1 Introduction

7.2 On-Premises

7.3 Cloud

8 Product Information Management Market, By Organization Size

8.1 Introduction

8.2 Large Enterprises

8.3 Small and Medium-Sized Enterprises

9 Product Information Management Market, By Industry Vertical

9.1 Introduction

9.2 Banking, Financial Services, and Insurance

9.3 Consumer Goods and Retail

9.4 Manufacturing

9.5 IT and Telecom

9.6 Media and Entertainment

9.7 Healthcare and Life Sciences

9.8 Transportation and Logistics

9.9 Others

10 Product Information Management Market, By Region

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Middle East and Africa

10.6 Latin America

11 Competitive Landscape

11.1 Introduction

11.2 Competitive Scenario

11.3 Competitive Leadership Mapping

12 Company Profiles

12.1 Introduction

12.2 SAP

12.3 IBM

12.4 Informatica

12.5 Oracle

12.6 Akeneo

12.7 Pimcore

12.8 Salsify

12.9 inRiver

12.10 Magnitude Software

12.11 Stibo Systems

12.12 Contentserv

12.13 Enterworks

12.14 Plytix

12.15 Riversand

12.16 Aprimo

12.17 Mobius

12.18 Perfion

12.19 Profisee

12.20 Censhare

12.21 Vinculum

12.22 Right to Win

For more information about this report visit https://www.researchandmarkets.com/r/a8ir2h

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900