Product Information Management Software (PIM) Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

Product Information Management Software (PIM) Market
Product Information Management Software (PIM) Market

Product Information Management (PIM) software is a type of software that helps companies manage and centralize product information. It provides a single source of truth for all product-related information, such as descriptions, specifications, images, and pricing, which can be easily accessed and updated by various teams across the organization.

The PIM software market is expected to grow significantly in the coming years, driven by factors such as the increasing adoption of e-commerce, the need for efficient product information management, and the growth of omni channel retailing. The global PIM software market size is expected to grow from USD 7.0 billion in 2021 to USD 16.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period.

The Product Information Management Software (PIM) Market is segmented by component, deployment mode, organization size, vertical, and region. By component, the market is divided into software and services. By deployment mode, the market is segmented into cloud and on-premises. By organization size, the market is divided into small and medium-sized enterprises (SMEs) and large enterprises. By vertical, the market is segmented into retail and e-commerce, manufacturing, transportation and logistics, energy and utilities, healthcare, and others.

North America is expected to hold the largest market share in the Product Information Management Software (PIM) Market during the forecast period, followed by Europe and Asia Pacific. The key players operating in the PIM software market include SAP SE, IBM Corporation, Informatica, Stibo Systems, Akeneo, Salsify, InRiver, Contentserv, Plytix, and Syndigo. These companies are focusing on partnerships, collaborations, and product innovations to expand their market presence and cater to the evolving needs of their customers.

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