Market Overview:
The global product information management system market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based product information management systems and the growing trend of big data and analytics. Additionally, the rising adoption of product information management systems by small and medium enterprises (SMEs) is also contributing to the growth of the market. However, lack of awareness about product information management systems among end users is restraining the growth of this market. On basis on type, cloud-based PIM system held major share in 2017 owing to its advantages such as scalability, flexibility, and low cost over traditional on-premises PIM system.
Product Definition:
A Product Information Management System (PIMS) is a software application that helps organizations manage their product data. PIMS allow companies to consolidate product information from multiple sources, including catalogs, websites, and internal databases. This consolidated data can then be used to create and update product catalogs, websites, and other marketing materials. PIMS also help organizations track changes to their product data over time, so they can ensure that all marketing materials are up-to-date.
Cloud-based:
Cloud-based PIMS is a software system that offers features such as online data storage, sharing and collaboration tools, integrated communication tools for teams, and real-time information. The factors driving the cloud-based PIMS market include growing demand for mobility in enterprises coupled with increasing adoption of SaaS platform by small & medium businesses.
On-premises:
On-premises is a term used for computer software and hardware installation at the organization's headquarters. The term on-premises is generally used for indicating that the services or solutions are provided by the organizations or companies which are located in their actual premises and can be accessed locally.
Application Insights:
The large enterprises segment dominated the global product information management system market in 2017. The segment will expand further at a steady CAGR from 2018 to 2030 owing to the growing adoption of PIMS by large enterprises for managing their product portfolio, enhancing their supply chain and reducing costs.
The SMEs' application segment is expected to witness significant growth over the forecast period due to increasing penetration of PIMS systems in small and medium-sized businesses for managing product information, tracking orders, generating bills and improving overall productivity. The cloud-based version of PIMS offers flexible deployment options while on-premises solution requires additional IT resources for installation & maintenance which may not be feasible for all SMEs. However, off-the shelf software packaged as SaaS can be easily deployed on web servers thereby providing an easy access to all stored data without requiring any technical expertise or knowledge about software architecture.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing government initiatives and investments, technological advancements, and growing demand from SMEs. For instance, according to a white paper published by IIoT Research Center at UMass Amherst; it was observed that more than 80% of industrial plants in the U.S are expected to be equipped with IIoT by 2020 which will create more opportunities for global product information management systems market over the next eight years.
However, Asia Pacific is anticipated to emerge as a lucrative regional market during the forecast period due high growth rate of manufacturing industries coupled with increasing adoption of cloud-based solutions among enterprises based outstation Hong Kong and China resulting into increased demand from other countries such as Japan Malaysia Singapore Thailand Vietnam Indonesia etc.
Growth Factors:
- Increasing demand for product information management system from small and medium-sized businesses (SMBs) due to the growing need for streamlining operations and improving efficiency.
- Proliferation of big data and the Internet of Things (IoT) is driving the need for more sophisticated product information management systems that can handle large volumes of data quickly and effectively.
- The increasing popularity of ecommerce is fueling demand for better product information management systems that can help online retailers manage their inventory more efficiently and improve customer experience.
- Rapid digitization across all industries is leading to an increased demand for effective product information management solutions that can help organizations manage their digital assets effectively.
- The growing trend towards customization and personalization in consumer products is putting pressure on businesses to have better control over their product data, which in turn is driving demand for better quality Product Information Management Systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Product Information Management System Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
IBM, Informatica, Salsify, Akeneo, inRiver, Stibo Systems, Riversand Technologies, Censhare, OpusCapita, Plytix, Sales Layer, Contentserv, Profisee, EnterWorks, Agility, EfficientPIM, TreoPIM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Product Information Management System Market Report Segments:
The global Product Information Management System market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Informatica
- Salsify
- Akeneo
- inRiver
- Stibo Systems
- Riversand Technologies
- Censhare
- OpusCapita
- Plytix
- Sales Layer
- Contentserv
- Profisee
- EnterWorks
- Agility
- EfficientPIM
- TreoPIM
Highlights of The Product Information Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Product Information Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A product information management system (PIMS) is a software application that helps businesses manage their product data. It can include features such as creating and managing product catalogs, tracking inventory, and generating reports on sales and customer behavior.
Some of the major companies in the product information management system market are IBM, Informatica, Salsify, Akeneo, inRiver, Stibo Systems, Riversand Technologies, Censhare, OpusCapita, Plytix, Sales Layer, Contentserv, Profisee, EnterWorks, Agility, EfficientPIM, TreoPIM.
The product information management system market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Product Information Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Product Information Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Product Information Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Product Information Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Product Information Management System Market Size & Forecast, 2018-2028
4.5.1 Product Information Management System Market Size and Y-o-Y Growth
4.5.2 Product Information Management System Market Absolute $ Opportunity
Chapter 5 Global Product Information Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Product Information Management System Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Product Information Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Product Information Management System Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Product Information Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Product Information Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Product Information Management System Analysis and Forecast
9.1 Introduction
9.2 North America Product Information Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Product Information Management System Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Product Information Management System Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (SMEs)
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Product Information Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Product Information Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Product Information Management System Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Product Information Management System Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (SMEs)
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Product Information Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Product Information Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Product Information Management System Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Product Information Management System Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (SMEs)
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Product Information Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Product Information Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Product Information Management System Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Product Information Management System Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (SMEs)
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Product Information Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Product Information Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Product Information Management System Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Product Information Management System Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (SMEs)
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Product Information Management System Market: Competitive Dashboard
14.2 Global Product Information Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Informatica
14.3.3 Salsify
14.3.4 Akeneo
14.3.5 inRiver
14.3.6 Stibo Systems
14.3.7 Riversand Technologies
14.3.8 Censhare
14.3.9 OpusCapita
14.3.10 Plytix
14.3.11 Sales Layer
14.3.12 Contentserv
14.3.13 Profisee
14.3.14 EnterWorks
14.3.15 Agility
14.3.16 EfficientPIM
14.3.17 TreoPIM
