Product Information Management (PIM) Software Market Key Vendors, Segment, Growth Opportunities by 2017 to 2032

Product Information Management (PIM) Software Market size was valued at $9.90 billion in 2019, and is projected to reach $59.25 billion by 2027, growing at a CAGR of 25.2% from 2020 to 2027.
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 product information management component of the central depot system of record gives retailers a unified view of the product data. It helps to store, arrange, and manage all the product information in order to market and sell products through a number of sales channels. Additionally, it helps businesses provide better customer satisfaction by giving customers access to reliable information on a variety of products in one location. The technology also makes data extraction for a particular product straightforward.
Product information management refers to a different system or set of systems used for organising and centralising product information (PIM). It involves overseeing the production of reliable data for internal use as well as the management of the data, content, and other materials required for product promotion and sales. It is utilised in e-commerce enterprises to keep up-to-date and consistent product catalogues. PIM can be used in conjunction with catalogue management, business process management (BPM), and data quality to recognise and organise complicated data and distribute it to the desired distribution channels.

Market Overview
Globally, the e-commerce market has been expanding at a dizzying rate due to rising consumer demand for products, more Internet access, and increased smartphone usage. Every year, global online sales increase. In nations like China, Mexico, India, the Philippines, and Mexico, e-commerce is growing. Residents of the cities in the aforementioned countries are placing more orders on e-commerce sites. Among the top companies in the e-commerce sector are Amazon.com Inc., Alibaba Group Holding Ltd., eBay Inc., Walmart Inc., and Target Brands Inc. During COVID-19, global e-commerce spending is increasing.

The need for PIM solutions is anticipated to develop over the projection period as a result of the quickly expanding e-commerce industry since PIM provides easy maintenance and editing of all product information. In order to improve product assortment and achieve quicker syndication of product data across channels, the PIM solution also collects and uploads data, maps it to customer needs in real-time, validates, enriches, and augments the data in real-time, and automates the creation of product information using data from various sources. Businesses all around the world are reluctant to embrace new solutions that involve handling data or switching platforms due to security and regulatory issues.
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Global Product Information Management (PIM) Software Market: Segmentations

Global Product Information Management (PIM) Software Market: Major Players
Agility Multichannel
Oracle
IBM InfoSphere DataStage
Riversand Technologies
Winshuttle
Stibo Systems
Pimcore
Akeneo PIM
ComCap LLC
Hybris Software

Global Product Information Management (PIM) Software Market: By Types
Cloud Based
Web Based

Global Product Information Management (PIM) Software Market: By Applications
Large Enterprises
SMEs

Global Product Information Management (PIM) Software Market: Regional Analysis
The countries covered in the regional analysis of the Global Product Information Management (PIM) Software 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.

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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?

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