According to a new market research report “Product Information Management (PIM) Market by Component (Solutions and Services), Solution (Multi-mode, and Single-mode), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region – Global Forecast to 2025″, published by MarketsandMarkets, the market is expected to grow from USD 9.0 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 12.2% during the forecast period. The major factors driving the growth of the PIM industry include rising demand for PIM solutions from the flourishing eCommerce industry and an increasing need to offering enhanced customer services.
Browse and in-depth TOC on “Product Information Management (PIM) Market”
220 – Tables
70 – Figures
200 – Pages
Request a Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=661489
The large enterprise segment to hold the largest market size during the forecast period
The adoption of PIM solutions and services is higher in large enterprises, and the trend is expected to continue during the forecast period. PIM systems offer a single centralized system, to manage products information across the sectors. Hence, large enterprises heavily invest in advanced technologies to increase their overall productivity and efficiency. The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage the market players to come up with newer technologies and innovative solutions.
Media and Entertainment to record the fastest growth rate during the forecast period
As most of the population are staying at home, the usage of media and entertainment has increased with double digit growth. Additionally, PIM offers high visibility, scalability and service optimization that can tackle challenges occurred due to sudden increased demand in media and entertainment industry vertical.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=661489
APAC is projected to be the fastest-growing region during the forecast period
The PIM market in APAC is expected to grow at the highest growth rate during the forecast period. Intrinsic strength, progressive trade agreements among countries, and recovering global demand are driving the PIM market in this region. This growth is evident with the acceptance of new cloud-based PIM solutions, services, and platforms by developing countries of this region. APAC is witnessing high growth due to the increasing global competition and an exponential increase in eCommerce penetration. High economic growth in developing countries, such as India, China, and Vietnam, has resulted in an increase in the usage of online retail and media content.
Some prominent players across all service types profiled in the PIM market study include Oracle (US), SAP (US), IBM (US), Informatica (US), Pimcore (Austria), Akeneo (France), Inriver (Sweden), Winshuttle (US), Riversand (US), Salsify (US), Aprimo (US), Stibo Systems (Denmark), Contentserv (Switzerland), Mobius (India), Perfion (Denmark), Profisee (US), Censhare (Germany), Vinculum (India), Pimworks (US), Truecommerce (US), Vimedici (Germany), Magnitude Software (US), Plytix (Denmark) and Syndigo (US).
Browse Adjacent Markets @ Software and Services Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.