E-Commerce Boom Drives Market Growth For Product Information Management Software: Transformative Forces Shaping the Product Information Management Market Landscape in 2025

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What Will the Product Information Management Industry Market Size Be by 2025?
The size of the market for product information management has seen swift expansion in recent times. This market is projected to rise from $16.06 billion in 2024 to $18.59 billion in 2025, exemplifying a compound annual growth rate (CAGR) of 15.8%. The historical growth witnessed in this market is largely due to the increasing intricacy of product data, the need for regulatory compliance, the flourishing e-commerce industry, a demand for higher operational efficiency, and heightened customer expectations.

What's the Long-Term Growth Forecast for the Product Information Management Market Size Through 2029?
The size of the product information management market is predicted to skyrocket in the next few years. It is estimated to reach a considerable value of $39.44 billion in 2029, with a compound annual growth rate (CAGR) of 20.7%. The accelerated growth during this forecast period is due to factors such as the globalization of markets, increased emphasis on the quality and governance of data, integration with various other business systems, and the rising significance of omnichannel marketing. Key trends anticipated during the forecast period include the integration of artificial intelligence (AI) and machine learning, the advent of cloud-based PIM solutions, mobile PIM applications, personalization features, blockchain technology for ensuring data integrity, synchronization of data across different channels, PIM that encourages collaboration, and the management of real-time data.

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What Are the Key Growth Drivers Fueling the Product Information Management Market Expansion?
The booming global eCommerce sector's need for product information management software is fostering market expansion. Product information management systems are essential tools for companies as they allow for the accurate assessment, organization, and validation of brand and product data before it's distributed to all associated supply chain partners in the necessary formats and at the right time. To keep pace with eCommerce growth and fully satisfy customer needs, eCommerce businesses consistently experiment with fresh digital technologies and incorporate them into their operational procedures. For example, the United States Census Bureau, a US government agency, reported that eCommerce increased by 7.5% (or 1.4%) in the second quarter of 2023 compared to the same period in 2022, while overall retail sales saw a growth of 0.6% (or 0.4%). E-commerce accounted for 15.4% of all sales in the second quarter of 2023. This increasing demand for product information management software from the flourishing eCommerce sector is expected to drive market growth in the near future.

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Which Fast-Growing Trends Are Poised to Disrupt the Product Information Management Market?
Leading organizations in the product information management market are creating cutting-edge technologies such as generative AI algorithms to boost data management, streamline the generation of product content, and enhance consumer engagement through custom experiences. Generative AI algorithms are a particular set of AI methods aimed at generating new content or data that mirrors the existing data. For example, in August 2024, GroupBy Inc., an AI search and product discovery solutions firm from Canada, introduced Enrich AI. This product data enrichment platform is set to transform the product information management industry. Enrich AI automates the process of extracting, standardizing, and enriching product data. It utilizes generative AI algorithms to detect and amend mistakes and discrepancies in product data. Enrich AI leverages AI to bring groundbreaking changes to product data management.

How Is the Product Information Management Market Segmented?
The product information management market covered in this report is segmented -

1) By Component: Software, Services
2) By Deployment Type: On-premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By End User: Consumer Goods And Retail, Banking, Financial Services And Insurance (BFSI), Telecom And IT, Manufacturing, Transportation And Logistics, Media And Entertainment, Other End Users

Subsegments:
1) By Software: On-Premises, Cloud-Based
2) By Services: Consulting, Implementation, Maintenance And Support

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Which Companies Are Leading the Charge in Product Information Management Market Innovation?
Major companies operating in the product information management market include International Business Machines Corporation, SAP SE, Informatica LLC, Magnitude Software Inc., Contentserv Inc., Plytix Limited, Salsify Inc., Riversand Technologies Inc., Pimcore, Akeneo SAS, Stibo Systems A/S, EnterWorks Acquisition Inc., Agility Multichannel Limited, Mobius Knowledge Services Inc., Profisee Group Inc., Censhare AG, Vinculum Solutions Inc., TrueCommerce Inc., Vimedici AG, Imagine Communications Corp., inRiver AB, StoreGekko Limited, Idiosity Inc., Icecat NV, Skypim Limited, Merchantry Global Inc., ADAM Software NV, Oracle Corporation, ASIM Products

Which Regions Are Leading the Global Product Information Management Market in Revenue?
North America was the largest region in the product information management market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the product information management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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