The Business Research Company’s Product Information Management Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business research company
LONDON, GREATER LONDON, UK, November 9, 2023 /EINPresswire.com/ — The global product information management market is divided into various segments, catering to the diverse data management needs of organizations. The market is poised to expand from $12.1 billion in 2022 to $14.21 billion in 2023, demonstrating a noteworthy compound annual growth rate (CAGR) of 17.4%. Despite the recent disruptions caused by the Russia-Ukraine conflict, the market is projected to reach $28.53 billion by 2027, reflecting a robust CAGR of 19.0%. The burgeoning demand for product information management software from the flourishing e-commerce sector worldwide is a significant contributor to the market’s growth.
AI and Machine Learning Integration: Enhancing Data Management and Customer Experience
The integration of artificial intelligence (AI) and machine learning capabilities to enhance information management and customer experience is driving the product information management market forward. AI and machine learning have rapidly emerged as one of the most prominent trends in the industry, with many businesses keen on leveraging these technologies to enhance their digital experiences. By incorporating AI into PIM systems, businesses can provide more efficient, intuitive, and meaningful consumer purchasing experiences with updated product data on their e-commerce websites. For instance, in 2021, VouchPro, an India-based provider of managed live streaming services, bolstered the virtual attendee experience for VouchPro events by integrating artificial intelligence (AI). Thus, the integration of AI and machine learning capabilities to enhance information management and customer experience is facilitating more efficient market growth.
Explore comprehensive insights into the global product information management market with a detailed sample report:
Key Players: Spearheading Data Management Innovations
Leading the charge in data management innovations within the product information management market are key players such as IBM Corporation, SAP SE, Informatica LLC., Magnitude Software, Contentserv, Plytix Limited, Salsify Inc., Riversand Technologies Inc., Pimcore USA, Akeneo SAS, Stibo System, EnterWorks Acquisition Inc., Agility Multichannel Limited, Mobius, Profisee, Censhare, Vinculum, Truecommerce, and Vimedici.
Segments: Addressing Diverse Data Management Needs
The global product information management market is segmented as follows:
• Component: Software, Services
• Deployment Type: On-premises, Cloud
• Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
• End User: Consumer Goods And Retail, Banking, Financial Services And Insurance (BFSI), Telecom And IT, Manufacturing, Transportation And Logistics, Media And Entertainment, Other End Users
Region: Mapping the Global Data Management Landscape
North America led the product information management market in 2022, while Asia-Pacific is anticipated to emerge as the fastest-growing region in the forecast period. The comprehensive market analysis report covers key regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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Product Information Management Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Product Information Management Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on product information management market size, product information management market drivers and trends, product information management market major players, product information management market competitors’ revenues, market positioning, and product information management market growth across geographies. The product information management market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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