Product Code: GVR-4-68040-248-0
Product Information Management Market Growth & Trends:
The global product information management market size is anticipated to reach USD 32.84 billion by 2030 and it is projected to grow at a CAGR of 16.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The globalization of markets drives the demand for product information management (PIM) solutions. As businesses grow into new regions and target international customers, they encounter diverse languages, currencies, and regulatory requirements. PIM solutions offer the flexibility to customize and localize product information for different markets while ensuring compliance with local regulations and maintaining consistency across channels, thus fueling market growth.
The accelerated shift to online shopping during lockdowns and social distancing measures increased demand for PIM solutions during the pandemic. With more businesses embracing e-commerce to reach customers and maintain sales, there was a growing need for robust PIM platforms to manage and distribute product information across digital channels. This surge in e-commerce activity drove the adoption of PIM solutions as businesses seek to enhance their online presence and deliver convincing product experiences to consumers.
The market trends include the increasing demand for enhanced integration and interoperability of PIM solutions with other business systems and technologies. As businesses seek to streamline their operations and improve efficiency, there is a growing demand for PIM platforms that integrate seamlessly with enterprise resource planning (ERP) systems, customer relationship management (CRM) software, e-commerce platforms, and other applications. Integrated PIM solutions enable businesses to synchronize product data across various systems, automate data workflows, and leverage data insights more effectively, driving productivity and competitiveness.
Moreover, the increasing importance of omnichannel commerce fuels the adoption of PIM solutions. With customers expecting a seamless shopping experience across multiple channels, including websites, mobile apps, social media platforms, and brick-and-mortar stores, businesses need to ensure consistency and coherence in product information across all touchpoints. PIM platforms enable enterprises to centralize and synchronize product data, facilitating seamless integration and coordination across different channels and delivering a cohesive omnichannel experience to their customers.
Product Information Management Market Report Highlights:
- Based on components, the solution segment led the market with the largest revenue share of 56.8% in 2023 and is expected to grow at the fastest CAGR over the forecast period. The increasing need to deliver personalized customer experiences is driving the market growth of solutions in the global market
- Based on organization size, the large enterprises segment dominated the market in 2023 and is expected to grow at a significant CAGR over the forecast period. The emphasis on data quality and governance is fueling the market growth in large enterprises
- Based on deployment type, the on-premises segment accounted for the maximum revenue share in 2023. The need for unique integration and customization fuels the growth of on-premises product information management solutions
- Based on industry verticals, the retail industry accounted for the largest revenue share in 2023. The increasing complexity and diversity of products retailers offer necessitate the adoption of product information management solutions
- In February 2023, Pimply launched the Product Cloud, a salesforce-based product information management platform. The platform allows the partners, customers, employees, and prospects to become experts on product information. It solves the problem of data silos and delivers accurate product information to all company stakeholders
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Component
- 1.2.2. Organization Size
- 1.2.3. Deployment Type
- 1.2.4. Industry Vertical
- 1.2.5. Regional scope
- 1.2.6. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information Procurement
- 1.4.2. Information or Data Analysis
- 1.4.3. Market Formulation & Data Visualization
- 1.4.4. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Component
- 2.2.2. Organization size outlook
- 2.2.3. Deployment type outlook
- 2.2.4. Industry vertical outlook
- 2.3. Competitive Insights
Chapter 3. Product Information Management Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Focus on achieving smooth omnichannel distribution.
- 3.2.2. Market restraint analysis
- 3.2.2.1. Misinformation regarding data security and privacy exposures
- 3.2.3. Market opportunity analysis
- 3.2.3.1. Increasing investment in automation facilitates faster decision-making
- 3.3. Product Information Management Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Product Information Management Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Product Information Management Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.2.1. Solution
- 4.2.1.1. Solution market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.2.2. Services
- 4.2.2.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Product Information Management Market: Organization Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Product Information Management Market: Organization Size Movement Analysis, 2023 & 2030 (USD Million)
- 5.2.1. Large enterprises
- 5.2.1.1. Large enterprises market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.2.2. Small & medium enterprises (SMEs)
- 5.2.2.1. Small & medium enterprises (SMEs) market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Product Information Management Market: Deployment Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Product Information Management Market: Deployment Type Movement Analysis, 2023 & 2030 (USD Million)
- 6.2.1. On-Premises
- 6.2.1.1. On-premises market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.2.2. Cloud
- 6.2.2.1. Cloud market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Product Information Management Market: Industry Vertical Estimates & Trend Analysis
- 7.1. Industry Vertical Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Global Product Information Management Market, by Industry Vertical Outlook
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.4.1. BFSI
- 7.4.1.1. BFSI market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4.2. Retail
- 7.4.2.1. Retail market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4.3. Manufacturing
- 7.4.3.1. Manufacturing market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4.4. Telecom & IT
- 7.4.4.1. Telecom & IT market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4.5. Media and entertainment
- 7.4.5.1. Media and entertainment market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4.6. Others
- 7.4.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 8. Product Information Management Market: Regional Estimates & Trend Analysis
- 8.1. Product Information Management Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America product information management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe product information management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. UK
- 8.3.2.1. UK product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific product information management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. Japan
- 8.4.2.1. Japan product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4.3. China
- 8.4.3.1. China product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4.5. Japan
- 8.4.5.1. Japan product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4.7. South Korea
- 8.4.7.1. South Korea product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America product information management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Mexico product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5.4. Argentina
- 8.5.4.1. Argentina product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.6. MEA
- 8.6.1. MEA product information management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. South Africa
- 8.6.2.1. South Africa product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia product information management market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. UAE product information management market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1.1. Expansion
- 9.5.1.2. Mergers & Acquisition
- 9.5.1.3. Partnerships & Collaborations
- 9.5.1.4. New Product Launches
- 9.5.1.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. Oracle
- 9.6.1.1. Company overview
- 9.6.1.2. Financial performance
- 9.6.1.3. Product benchmarking
- 9.6.1.4. Strategic initiatives
- 9.6.2. SAP
- 9.6.2.1. Company overview
- 9.6.2.2. Financial performance
- 9.6.2.3. Product benchmarking
- 9.6.2.4. Strategic initiatives
- 9.6.3. IBM
- 9.6.3.1. Company overview
- 9.6.3.2. Financial performance
- 9.6.3.3. Product benchmarking
- 9.6.3.4. Strategic initiatives
- 9.6.4. Informtica
- 9.6.4.1. Company overview
- 9.6.4.2. Financial performance
- 9.6.4.3. Product benchmarking
- 9.6.4.4. Strategic initiatives
- 9.6.5. Pimcore
- 9.6.5.1. Company overview
- 9.6.5.2. Financial performance
- 9.6.5.3. Product benchmarking
- 9.6.5.4. Strategic initiatives
- 9.6.6. Akeneo
- 9.6.6.1. Company overview
- 9.6.6.2. Financial performance
- 9.6.6.3. Product benchmarking
- 9.6.6.4. Strategic initiatives
- 9.6.7. Winshuttle
- 9.6.7.1. Company overview
- 9.6.7.2. Financial performance
- 9.6.7.3. Product benchmarking
- 9.6.7.4. Strategic initiatives
- 9.6.8. Riversand
- 9.6.8.1. Company overview
- 9.6.8.2. Financial performance
- 9.6.8.3. Product benchmarking
- 9.6.8.4. Strategic initiatives
- 9.6.9. Salsify
- 9.6.9.1. Company overview
- 9.6.9.2. Financial performance
- 9.6.9.3. Product benchmarking
- 9.6.9.4. Strategic initiatives
- 9.6.10. Aprimo
- 9.6.10.1. Company overview
- 9.6.10.2. Financial performance
- 9.6.10.3. Product benchmarking
- 9.6.10.4. Strategic initiatives