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Product Infomation Management (PIM) Market Analysis, Type, Size, Trends, Key Players and Forecast 2017 to 2032
Product Infomation Management (PIM) Market
A system or group of systems used for organising and centralising product information is referred to as product information management (PIM). It entails managing the data, content, and other materials needed for the promotion and sale of goods as well as making sure that accurate data is generated for internal usage. It is used in e-commerce businesses to maintain product catalogues with accurate and consistent data. To recognise and organise complex data and send it to the desired distribution channels, PIM can be used in conjunction with catalogue management, business process management (BPM), and data quality. As a result, it has numerous applications in a variety of industry verticals, including banking, financial services, insurance, and the retail, manufacturing, healthcare, and information technology (IT) and telecom sectors (BFSI).
The practise of managing the information needed to market and sell items through distribution channels is known as product information management. Manufacturing, retail, and other businesses utilise product information management software to assist them gather, manage, and enhance the product information for the organisation. Additionally, product information management software develops product catalogues and distributes them to the business's sales and e-commerce channels through websites, enterprise resource planning (ERP) systems, product lifecycle management (PLM) systems, and electronic data feeds. Additionally, this software is primarily used to improve the quality and consistency of product data, give a better product experience to the client, and streamline the distribution process for suppliers.
Market Overview
Due to rising consumer demand for products, greater Internet access, and rising smartphone usage, the e-commerce industry has been booming at a dizzying pace globally. Online sales grow globally each year. E-commerce is expanding in countries like China, Mexico, India, the Philippines, and Mexico. More orders are being placed on e-commerce platforms by residents of the cities in the nations mentioned above. Amazon.com Inc., Alibaba Group Holding Ltd., eBay Inc., Walmart Inc., and Target Brands Inc. are a few of the major players in the e-commerce industry. Global e-commerce expenditure is soaring during COVID-19.
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Global Product Infomation Management (PIM) Market: Major Players
• SAP
• ADAM Software
• Pimcore
• Agility Multichannel
• IBM Corporation
• Oracle
• Riversand Technologies
• Stibo Systems
• InRiver
• Informatica
Global Product Infomation Management (PIM) Market: Types
• On-Premises
• Cloud-Based
Global Product Infomation Management (PIM) Market: Applications
• Retail
• Manufacturing
• Logistics
• Energy
• Healthcare
• Others
Global Product Infomation Management (PIM) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Product Infomation Management (PIM) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Reasons to Purchase
• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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Frequently Asked Questions
• What is the projected market size & growth rate of the Product Information Management Market?
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