Product Infomation Management Market Insights 2022, Global Growth, Trends Size, Share & Trends Analysis and Forecast to 2027

According to the new market research report global PIM Market size is expected to grow from USD 9.0 billion in 2020 to USD 16.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period.

The major factors driving the growth of the PIM industry include exponential growth in the eCommerce industry and incorporation of advanced technologies in PIM solutions.Major PIM vendors include Oracle (US), IBM (US), SAP (Germany), Informatica (US), Winshuttle (US), Stibo Systems (Denmark), Akeneo (France), Aprimo (US), Riversand (US), Contentserv (Switzerland), inRiver (Sweden), Magnitude Software (US), Salsify (US), Plytix (Denmark), Pimcore (Austria), Mobius (India), Perfion (Denmark), Profisee (US), censhare (Germany), Viamedici (Germany), TrueCommerce (US), Syndigo (US), PIMworks (US), and Vinculum (India).

Product enhancements and collaborations have been the most adopted strategies by major players from 2018 to 2020, which helped companies innovate their offerings and broaden their customer base.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=661489SAP is one of the leading players in the PIM market.

This new product offers master product data for customer-facing systems, including the SAP Commerce Cloud Solution, and its user interface allows business users to effectively create and manage high quality product data across marketing channels.Akeneo is a growing player in the PIM market.

For instance, in July 2019, Akeneo launched Akeneo Connector for Magento 2, an Akeneo PIM-powered extension that helps users export product information from Akeneo PIM to Magento eCommerce platform.

Built on PIMGento 2 API developed by Agence Dn’D, the new extension is fully compatible with latest version of both Akeneo PIM Enterprise Edition and Magento 2.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=661489About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Major factors expected to drive the growth of the product lifecycle management market include growing focus on developing groundbreaking smart products and factories, increasing need to build product innovation platform would support product lifecycle management-enabled applications, and growing demand for cloud-based product lifecycle management solutions for scalability and secure IT infrastructure.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152565174Key and emerging market players include SAP (Germany), Dassault System (France), PTC (US), Siemens (Germany), Autodesk (US), IBM (US), Oracle (US), HP (US), Atos (France), Accenturs (Ireland), Arena (US), Ansys (US), Aras (US), Infor (US), Propel (US), Kalypso (US), FusePLM (US), Bamboo Rose (US),  Inflectra (US), TCS (India).

These players have adopted various strategies to grow in the product lifecycle management market.Siemens (Germany) is a global firm that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years.

The company focuses on the areas of electrification, automation, and digitalization.

One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry.

In September 2019, Siemens collaborated with Bentley to introduce the Capital Asset Lifecycle Management solution for Teamcenter.

The solution built to help companies make the transition to digitalization and realize greater efficiency throughout the lifecycle of their capital assets.PTC (US) is a global leader in offering computer software and services in the market.

COVID-19 Impact Analysis on Product Information Management Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.

The report encompasses data regarding market share and recent developments by key players.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Product Information Management include SAP, IBM, Oracle, Informatica, Pimcore, Akeneo, Winshuttle,  Inriver, Salsify, Stibo Systems, Aprimo, Contentserv, Riversand, Mobius, Perfion, Pimcore, Profisee, Vinculum, Censhare, Pimworks, Vimedici, Truecommerce, Magnitude Software, Plytix, and Syndigo..

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Product Information Management Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/product-information-management-market/download-sampleMarket SegmentationThe broad Product Information Management has been sub-grouped into the Enterprise Size, End-User Industry and Region.

The report studies these subsets with respect to the geographical segmentation.

According to a new market research report "Product Information Management Market by Component (Solutions and Services), Deployment Type, Organization Size, Industry Vertical (Consumer Goods and Retail, Manufacturing, and Transportation and Logistics), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global PIM market size is expected to grow from USD 7.0 billion in 2019 to USD 11.4 billion by 2024, at a CAGR of 10.2% during the forecast period.Key factors driving the PIM market include the growing need to gain real-time visibility into data to reduce Time to Market (TTM) and growing need for eliminating data inconsistencies across multiple data silos.Browse and in-depth TOC on “Product Information Management Market” 114 - Tables26 - Figures 162 - Pages    Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=661489Large enterprises segment to hold a larger market size during the forecast periodThe adoption of PIM solutions is high among large enterprises, due to distributed systems, extensive product portfolio, and economies of scale.

Data inconsistencies and poor data syndication may lead to the loss of customers.

These factors are responsible for the high adoption of PIM solutions among large enterprises.Media and entertainment industry vertical to grow at the highest CAGR during the forecast periodThe growing need for high-performance technologies to improve synchronization and publication of information about product attributes, such as media clips, sound recording, images, and text files, is responsible for the highest CAGR of the media and entertainment segment.

PIM solutions can manage both digital as well as non-digital information for better syndication to improve overall customer experience and customer satisfaction which is highly beneficial for enterprises across the media and entertainment industry vertical.Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=661489North America to account for the highest market share during the forecast periodNorth America has always been at the forefront of adopting advanced technologies and has depicted a high adoption of data management technologies.

With this, many companies in North America are increasingly adopting PIM solutions to achieve better collection, cleansing, and enrichment of product content for quickly informing customers and suppliers about new products and product changes.

The direct presence of many major PIM vendors in North America has further added to the high adoption of PIM solutions in North America.The global Product Information Management Market comprises major solution providers, such as IBM (US), SAP (Germany), Oracle (US), Informatica (US), Stibo Systems (Denmark), EnterWorks (US), Akeneo (France), Riversand (US), Contentserv (Switzerland), inRiver (Sweden), Magnitude Software (US), Salsify (US), Plytix (Denmark), Pimcore (Austria), Mobius (India), Catsy (US), Perfion (Denmark), Profisee (US), censhare (Germany), and Vinculum (India).

According to IMARC Group’s latest report, titled “Product Information Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global product information management (PIM) market reached a value of US$ 7.7 Billion in 2020.

It comprises the handling of data, content, and other materials required for the selling and marketing of products.

Product information management is employed in e-commerce organizations to maintain product catalogs with consistent and accurate information.

PIM can be combined with catalog management, business process management (BPM), data quality, etc., to identify and sort complex data and then forward it to the required distribution channels.

As a result, PIM finds various applications across numerous industry verticals, including retail, manufacturing, healthcare, information technology (IT), telecom, etc.Request for a PDF sample of this report: https://www.imarcgroup.com/product-information-management-market/requestsampleThe increasing digitalization and the growing adoption of centralized data management tools across several industries are primarily driving the global product information management market.

Moreover, the rising popularity of e-commerce platforms is further propelling the market growth, since several online sales channels are utilizing PIM systems to enhance the consumer experience and provide efficient onboarding assistance to maintain high customer ratings.