Global Catalog Management System Market: Major Trends Reshaping the Future of the Industry

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What Will the Catalog Management System Industry Market Size Be by 2025?
In recent times, there has been a slight increase in the size of the catalog management system market. With a compound annual growth rate (CAGR) of 0.4%, it is projected to increase from $2.79 billion in 2024 to $2.8 billion in 2025. Factors contributing to this growth over the historic period include rising product complexity, regulatory requirements, consumer demand for personalization, the necessity for efficiency and automation, and multi-channel selling.

What's the Long-Term Growth Forecast for the Catalog Management System Market Size Through 2029?
The market size for the catalog management system is predicted to experience significant expansion in the forthcoming years. By 2029, it is projected to reach $3.49 billion, reflecting a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this growth during the projected period include dynamic pricing strategies, subscription commerce models, robust media and video content management, environmental, social, and governance (ESG) factors, and the convergence of PIM and CMS. Key trends for this period include the deployment of multi-cloud CMS, optimization of voice commerce, integration of collaboration tools, subscription commerce models, artificial intelligence for automated tagging in content, and continuous content delivery.

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What Are the Key Growth Drivers Fueling the Catalog Management System Market Expansion?
The rise in demand from the e-commerce sector for catalog management systems is anticipated to propel the expansion of the catalog management system market. Catalogs, which are structured lists of items sorted into various groups for diversified applications, are crucial in catalog management. Catalog management represents the act of maintaining a well-arranged, organized, and updated product database across all virtual sales platforms. The enforced lockdowns limited people's mobility, triggering a heightened demand for online merchandise, thereby speeding up the expansion of the e-commerce sector. This led to a shift in focus towards catalog management systems. For example, The United States Census Bureau, a governmental entity in the U.S, revealed that in the last quarter of 2023, the retail e-commerce sales in the U.S reached $285.2 billion, an increase of 0.8 percent (±1.1%) compared to the preceding quarter. Consequently, the rising demand for catalog management systems in the e-commerce sector is fueling the market's expansion.

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What Are the Key Trends Driving Catalog Management System Market Growth?
Trend 1: The rise of artificial intelligence and automation in catalog management systems represents a significant trend. These systems help brands to provide comprehensive and quality product information across their catalog. The application of AI and automation theories constructs computer systems capable of mimicking intelligent behaviors. Enhancements in AI and automation within the catalog system notably enhance product labelling, description, visualization, catalog insights, and other related aspects. Vue.ai, an end-to-end retail automation platform based in the U.S., acknowledges that enhancements in catalog system AI and automation resulted in a 51% rise in accuracy for improved search and discovery, a 75% decrease in traditional photoshoot costs, a 40% surge in conversion rate, and a 30% growth in unique product views in 2021.

How Is the Catalog Management System Market Segmented?
The catalog management systemmarket covered in this report is segmented -

1) By Type: Product Catalogs, Service Catalogs
2) By Component: Solutions, Services
3) By Deployment Type: On-Premises, Cloud
4) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)

Subsegments:
1) By Product Catalogs: E-commerce Product Catalogs, Retail Product Catalogs, Wholesale Product Catalogs, Digital Asset Management For Products
2) By Service Catalogs: IT Service Catalogs, Professional Services Catalogs, Subscription-Based Service Catalogs, Customer Support Service Catalogs

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Which Companies Are Leading the Charge in Catalog Management System Market Innovation?
Major companies operating in the catalog management system market include International Business Machines Corporation, SAP SE, Oracle Corporation, Salsify Inc., Coupa Software India Pvt. Ltd., ServiceNow Inc., Proactis Holdings Limited, Broadcom Inc., Fujitsu Limited, Comarch SA, Zycus Inc., GEP Worldwide, Telefonaktiebolaget LM Ericsson, Amdocs Limited, Episerver Inc., Hansen Technologies Limited, Vinculum Inc., Claritum Limited, EJeeva Technologies Pvt. Ltd., SunTec Business Solutions Pvt. Ltd., Plytix. com Inc., Mirakl Inc., Sellercloud Inc., Vroozi Inc., CatBase Publishing Systems Ltd., Akeneo SAS, nChannel Inc., Contalog, Sales Layer S. L., Hubwoo Inc., Pinnacle Cart (Actinic), Sigmento Inc.

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

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