Product Information Management Market Size, Share, Growth Report 2032

Product Information Management Market: Size

The global Product Information Management market size was worth around USD 3.93 billion in 2023 and is predicted to grow to around USD 22.91 billion by 2032 with a compound annual growth rate (CAGR) of roughly 21.65% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Product Information Management market on a global and regional level.

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Product Information Management Market: Overview

Product information management (PIM) is a business applications category that manages product information for its usage across an entire organization, i.e., from supply chain to commerce to customers. A PIM solution provides a one-stop solution to collect, manage, and enrich product information, create product catalogs, and distribute information to sales and e-commerce channels. Information technology has become an essential part of almost all organizations globally. Product information management facilitates easy access to the information and helps in strategic data storage techniques while maintaining data quality. Linking and indexing reduce the time required to complete various tasks related to data storage along with increasing the operational efficiency. Moreover, PIM helps in the display of products to achieve a unified customer view and client centricity. It also provides a centralized system to improve the efficiency of promotional activities. Additionally, all the distribution channels are managed effectively via product information management solutions. 

Digitization has increased the speed and volumes of data, which has created the need for additional levels of data security and storage. PIM provides organizations with a centralized system to improve the effectiveness of their promotional activities along with efficiently managing their various distribution channels. The integration of business intelligence and big data analytics cloud storage is generating new growth opportunities for the product information management market. PIM also ensures that quality data and strategic techniques help facilitate easy and quick access to the required information. However, data inaccuracy, lack of awareness and expertise about PIM, and data security concerns may hinder the product information management market growth.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

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Product Information Management Market: Segmentation

The study provides a decisive view of the product information management market by segmenting it based on deployment type, operating system, vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on deployment type, the market for product information management is divided into on-premises and cloud-based.

By operating system, the product information management market is fragmented into android, iOS, windows, and others.

Based on vertical, the market comprises manufacturing, retail, logistics, healthcare, energy, and others.

Product Information Management Market: Report Scope

Product Information Management Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America dominated the global product information management market in 2023, due to excellent and supportive healthcare coverage and advancements in technology. The U.S. leads the market for product information management in North America, owing to the growing demand for reference and centralized master data and gain meaningful insights from this master data. The Asia Pacific product information management market is likely to register the highest CAGR. This can be attributed to the emergence of countries like China, Singapore, and India as preferred destinations for faster adoption of multi-domain product information management software, which offers better services in terms of performance, quality, and capacity.

Product Information Management Market: Competitive Players

Some leading players operating in the global product information management market are the:

• SAP
• Informatica
• Oracle
• Riversand Technologies
• Stibo Systems
• Agility Multichannel
• IBM Corporation
• ADAM Software
• InRiver
• Pimcore

The Global Product Information Management Market is segmented as follows:

Global Product Information Management Market: Deployment Type Analysis

• On-Premises
• Cloud-Based

Global Product Information Management Market: Operating System Analysis

• iOS
• Windows
• Android
• Others

Global Product Information Management Market: Vertical Analysis

• Retail
• Manufacturing
• Logistics
• Energy
• Healthcare
• Others

Global Product Information Management Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa