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Product Information Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 149 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5633207
The global product information management (PIM) market size reached US$ 11.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 22.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.1% during 2023-2028.

Product information management (PIM) refers to a system or a collection of systems utilized for managing and centralizing product information. It comprises handling of data, content and other materials required for the marketing and selling of products and ensuring that quality data is created for internal use. It 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) and data quality to identify and sort complex data and forward it to the desired distribution channels. Consequently, it finds extensive applications across various industry verticals, such as retail, manufacturing, healthcare, information technology (IT) and telecom, and banking, financial services, and insurance (BFSI).

PIM helps to enrich product descriptions and specifications; track progress and product completion; link images, documents and media to products; categorize products and files; manage upstream data and prepare it for sales channels; create and publish product sheets; and automate brand portal creation and maintenance. It also reduces errors and redundancies, imports and sorts supplier data quickly, reduces overheads and wasted resources, increases customer satisfaction and loyalty, sustainably expands product offerings, sells more with better content and accessible data, and eliminates bottlenecks and data silos and manual data entry and updating.

Burgeoning E-Commerce Sector on Account of COVID-19 is Propelling Market Growth

At present, increasing digitalization, along with the escalating demand for centralized data management tools across industries, represents one of the significant factors driving the growth of the PIM market. PIM enables organizations to organize their data related to products effectively while offering safe and secure access to the centralized database. Apart from this, the burgeoning e-commerce trade across the globe is also providing a boost to the market growth on account of the increasing organizational focus on improving consumer’s experience and providing effective onboarding instruction to eliminate errors and maintain customer ratings, reviews and behavior on the online platform, thereby enhancing PIM utilization. Furthermore, significant growth in the media and entertainment industry for publishing product information, such as media clips, sound recording, images and text files, to manage both digital and non-digital platforms, is acting as another major growth-inducing factor. Besides this, other factors, such as rapid urbanization, especially in the emerging nations, along with the integration of artificial intelligence (AI) and machine learning (ML) with PIM, are driving the market growth. Moreover, the sudden outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed in numerous countries have resulted in a significant rise in the overall sales of e-commerce platforms, which, in turn, is anticipated to fuel the growth of the market in the upcoming years.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global product information management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on deployment type, component type, operating system, organization size and vertical.

Breakup by Deployment Type:

  • Cloud-based
  • On-premises
At present, the on-premises segment exhibits a clear dominance in the market on account of the rising adoption of PIM solutions in industry verticals such as healthcare and life sciences and banking, financial services and insurance (BFSI). Besides this, on-premises solutions are also utilized to maintain complete control over data and information technology (IT) infrastructure and customize solutions based on end users’ requirements. Moreover, diverse data and design requirements, along with sufficient resources among large enterprises, are contributing to the adoption of on-premises PIM solutions worldwide.

Cloud-based PIM solutions are nowadays considered one of the most reliable forms of IT security available as they eliminate the risk of system break down and reduce the requirement for various security platforms and constant updates.

Breakup by Component Type:

  • Software
  • Single Domain
  • Multi-Domain
  • Services
  • Consulting and System Integration
  • Training, Support and Maintenance
PIM services, including consulting and system integration, and training, support and maintenance, account for the majority of the total market share.

Breakup by Operating System:

  • iOS
  • Windows
  • Android
  • Others

Breakup by Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises
Large enterprises presently hold the leading market share. The rising utilization of PIM solutions among large enterprises can be accredited to their extensive product portfolio. Additionally, as data inconsistencies and poor data syndication may lead to the loss of customers, it is positively influencing the application of PIM solutions in large enterprises.

Breakup by Vertical:

  • BFSI
  • Manufacturing
  • Retail
  • Healthcare
  • IT and Telecom
  • Logistics and Transportation
  • Travel and Hospitality
  • Others

Regional Insights:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
North America, including Canada and the United States, enjoys the leading position in the market due to the increasing presence of a large number of PIM vendors and the rising adoption of advanced technologies to minimize manual tasks and streamline workflows among different enterprises of the region. Other regions include Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.

Competitive Landscape

The competitive landscape of the market has been analyzed in the product information management market report, along with the detailed profiles of the major players operating in the industry. Some of these players are Aprimo US LLC, Magnitude Software, Inc., International Business Machines (IBM) Corporation, Informatica LLC, inRiver Inc., Oracle Corporation, Pimcore GmbH, Riversand Technologies, Inc., SAP SE and Stibo Systems.

Key Questions Answered in This Report

1. What was the size of the global product information management market in 2022?
2. What is the expected growth rate of the global product information management market during 2023-2028?
3. What are the key factors driving the global product information management market?
4. What has been the impact of COVID-19 on the global product information management market?
5. What is the breakup of the global product information management market based on the deployment type?
6. What is the breakup of the global product information management market based on the component type?
7. What is the breakup of the global product information management market based on the operating system?
8. What is the breakup of the global product information management market based on the organization size?
9. What is the breakup of the global product information management market based on the vertical?
10. What are the key regions in the global product information management market?
11. Who are the key players/companies in the global product information management market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Product Information Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Deployment Type
6.1 Cloud-based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 On-premises
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component Type
7.1 Software
7.1.1 Market Trends
7.1.2 Market Breakup by Type
7.1.2.1 Single Domain
7.1.2.2 Multi-Domain
7.1.3 Market Forecast
7.2 Services
7.2.1 Market Trends
7.2.2 Market Breakup by Type
7.2.2.1 Consulting and System Integration
7.2.2.2 Training, Support and Maintenance
7.2.3 Market Forecast
8 Market Breakup by Operating System
8.1 iOS
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Windows
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Android
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Organization Size
9.1 Small and Medium Enterprises
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Large Enterprises
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Vertical
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Manufacturing
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Retail
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Healthcare
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 IT and Telecom
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Logistics and Transportation
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Travel and Hospitality
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aprimo US LLC
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Magnitude Software Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 International Business Machines (IBM) Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Informatica LLC
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Inriver Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Oracle Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Pimcore GmbH
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 Riversand Technologies Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 SAP SE
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Stibo Systems
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
List of Figures
Figure 1: Global: Product Information Management Market: Major Drivers and Challenges
Figure 2: Global: Product Information Management Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Product Information Management Market: Breakup by Deployment Type (in %), 2022
Figure 4: Global: Product Information Management Market: Breakup by Component Type (in %), 2022
Figure 5: Global: Product Information Management Market: Software Breakup by Type (in %), 2022
Figure 6: Global: Product Information Management Market: Services Breakup by Type (in %), 2022
Figure 7: Global: Product Information Management Market: Breakup by Operating System (in %), 2022
Figure 8: Global: Product Information Management Market: Breakup by Organization Size (in %), 2022
Figure 9: Global: Product Information Management Market: Breakup by Vertical (in %), 2022
Figure 10: Global: Product Information Management Market: Breakup by Region (in %), 2022
Figure 11: Global: Product Information Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 12: Global: Product Information Management (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Product Information Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Product Information Management (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Product Information Management (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Product Information Management (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Product Information Management (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Product Information Management (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Product Information Management (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Product Information Management (iOS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Product Information Management (iOS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Product Information Management (Windows) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Product Information Management (Windows) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Product Information Management (Android) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Product Information Management (Android) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Product Information Management (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Product Information Management (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Product Information Management (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Product Information Management (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Product Information Management (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Product Information Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Product Information Management (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Product Information Management (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Product Information Management (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Product Information Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Product Information Management (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Product Information Management (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Product Information Management (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Product Information Management (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Product Information Management (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Product Information Management (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Product Information Management (Logistics and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Product Information Management (Logistics and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Product Information Management (Travel and Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Product Information Management (Travel and Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Product Information Management (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Product Information Management (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United States: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United States: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Canada: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Canada: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Asia Pacific: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Asia Pacific: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: China: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: China: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Japan: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Japan: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: India: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: India: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: South Korea: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: South Korea: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Australia: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Australia: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Indonesia: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Indonesia: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Europe: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Europe: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Germany: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Germany: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: France: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: France: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: United Kingdom: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: United Kingdom: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Italy: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Italy: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Spain: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Spain: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Russia: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Russia: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Latin America: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Latin America: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Brazil: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Brazil: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Mexico: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Mexico: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Others: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Others: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Middle East and Africa: Product Information Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Middle East and Africa: Product Information Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Product Information Management Industry: SWOT Analysis
Figure 97: Global: Product Information Management Industry: Value Chain Analysis
Figure 98: Global: Product Information Management Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Product Information Management Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Product Information Management Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 3: Global: Product Information Management Market Forecast: Breakup by Component Type (in Million US$), 2023-2028
Table 4: Global: Product Information Management Market Forecast: Breakup by Operating System (in Million US$), 2023-2028
Table 5: Global: Product Information Management Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Product Information Management Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 7: Global: Product Information Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Product Information Management Market Structure
Table 9: Global: Product Information Management Market: Key Players

Companies Mentioned

  • Aprimo US LLC
  • Magnitude Software Inc.
  • International Business Machines (IBM) Corporation
  • Informatica LLC
  • inRiver Inc.
  • Oracle Corporation
  • Pimcore GmbH
  • Riversand Technologies Inc.
  • SAP SE
  • Stibo systems

Methodology

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Table Information