Market Study Report recently added a new title on 2020-2027 Global Product Information Management Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2027.
Global Product Information Management Market Size to reach USD 20.14 billion by 2027 and is valued approximately at USD 8.02 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2020-2027.
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Product Information Management comprise of series of processes and tools which assist in centralizing and managing an e-commerce business product information to ensure a simple, accurate view of product data. The product information market will see a rise in demand owing to the popularity of e-commerce platforms, since mobile data penetration and consumer demand has soared, the e-commerce platform has seen a rise in the number of users and hence with it comes the need to manage the data acquired through the customers. In a report by United Nations Conference on Trade and Development (UNCTAD), in April 2018, e-commerce sales hit $25.6 trillion globally. With the global expansion of e-commerce platforms, the demand is set to grow exponentially.
Major Product Information Management Market player included in this report are:
- Oracle (US)
- SAP (US)
- IBM (US)
- Informatica (US)
- Pimcore (Austria)
- Akeneo (France)
- Inriver (Sweden)
- Winshuttle (US)
- Riversand (US)
- Salsify (US)
In June 2020, Winshuttle partnered up with ABBYY, a digital intelligence company to help organizations and businesses in digital transformation, which involves extracting data from physical documents and automatically loading it into SAP. However, data breaches and data theft has forced the government and the concerned authorities to take strict actions to ensure that companies provide data security hence, companies need to comply with Global Unique Identification Database (GUID), Government e-Marketplace (GeM). These may act as a restraint and hamper the growth of product information management.
The regional analysis of global Product Information Management Market Size is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing reliance upon e commerce platforms to fulfill the demand. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing smartphone and mobile data penetration would create lucrative growth prospects for the Fitness Equipment market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Single mode
By Deployment Type:
- North America
- Asia Pacific
- Latin America
- Rest of the World
For More Details on Product Information Management Market Report at: https://www.marketstudyreport.com/reports/global-product-information-management-market-research-report-by-component-solutions-and-services-by-solution-multi-mode-and-single-mode-by-dep?utm_source=Marketwatch.com/&utm_medium=SP
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