Overview and Scope
The catalog management system refers to the software that consolidates and structures data of e-commerce products into a single, digital point of reference, which includes catalogs for both buyer and the merchant. It enables brand suppliers to deliver quality product data across a full catalog in a buyer's required format.
Sizing and Forecast
The catalog management system market size has grown steadily in recent years. It will grow from $2.79 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to increased product complexity, regulatory compliance, customer expectations for personalization, efficiency and automation needs, multi-channel selling.
The catalog management system market size is expected to see steady growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to dynamic pricing strategies, subscription commerce models, rich media and video content management, environmental social, and governance (esg) considerations, pim and cms convergence.. Major trends in the forecast period include multi-cloud cms deployments, voice commerce optimization, collaboration tools integration, subscription commerce models, content ai for automated tagging, continuous content delivery..
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Segmentation & Regional Insights
The catalog management system market 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)
5) By Vertical: BFSI, Retail and eCommerce, Telecom, IT, Media and Entertainment, Travel and Hospitality, Other Verticals
Top Major Players
International Business Machines Corporation
SAP SE
Oracle Corporation
Salsify Inc.
Coupa Software India Pvt. Ltd.
North America was the largest region in the catalog management market in 2023. 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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Major Driver Impacting Market Growth
The increase in demand from the e-commerce industry for catalog management solutions is expected to drive the growth of the catalog management system market going forward. Catalogs are a list of items, organized into different groups for different purposes. Catalog management refers to the process of keeping the product database structured, organized, and updated across all online sales channels. As people's movement was restricted owing to lockdowns, there was a surge in demand for online products, causing the e-commerce sector's growth to accelerate, resulting in a shift toward catalog management solutions. For instance, according to the Springbord, a US-based information service provider, Global e-commerce sales accounted for almost $26.7 trillion in online sales in 2020, with online retail sales increasing by 32.4% year over year in 2020, and by 39% in Q1 2021. Therefore, the increasing demand for catalog management solutions in the eCommerce industry drives the catalog management system market growth.
Key Industry Players
Major companies operating in the catalog management system market report are 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.
The catalog management system market report table of contents includes:
1. Executive Summary
2. Catalog Management System Market Characteristics
3. Catalog Management System Market Trends And Strategies
4. Catalog Management System Market - Macro Economic Scenario
5. Global Catalog Management System Market Size and Growth
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31. Global Catalog Management System Market Competitive Benchmarking
32. Global Catalog Management System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Catalog Management System Market
34. Catalog Management System Market Future Outlook and Potential Analysis
35. Appendix
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