Product Information Management (PIM) Market Share, Size, Trends, & Industry Analysis Report 2019-2026
Published Date:22 Apr 2020
Category:ICT & Telecom
Impact Analysis on the Growth of Market
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Product information management (PIM) is a business applications category that manages product information for its usage across an entire organization, i.e., from supply chain to commerce to customers. A PIM solution provides a one-stop solution to collect, manage, and enrich product information, create product catalogs, and distribute information to sales and e-commerce channels. Information technology has become an essential part of almost all organizations globally. Product information management facilitates easy access to the information and helps in strategic data storage techniques while maintaining data quality. Digitization has increased the speed and volumes of data, which has created the need for additional levels of data security and storage. PIM provides organizations with a centralized system to improve the effectiveness of their promotional activities along with efficiently managing their various distribution channels. The integration of business intelligence and big data analytics cloud storage is generating new growth opportunities for the product information management market.
The product information management market by component covers solutions and services. The solutions segment is expected to hold a larger market size during the forecast period. This is because PIM solutions collect and combine product information, such as product attributes, specifications, and taxonomies, from multiple sources, enabling companies to optimize product data synchronization and publishing, ensure faster TTM, increase brand awareness, drive online traffic and sales, and enhance customer experience and satisfaction.
Scope of the Report
The product information management market is now gaining traction in various end-user industries, and has caught the eye of various organizations for better information management and storage. PIM offers a centralized platform, cost-effective and manage data on a business's products and services under verticals in BFSI, healthcare, retail, etc.
By Deployment Type Analysis
By Operating System Analysis
By Vertical Analysis
By Regional Ananlysis
*Rest of Europe
*Rest of Asia-Pacific
*Rest of LATAM
Middle East & Africa
*Rest of MEA
Global Product Information Management (PIM) Software Market Segment by Companies, this report covers