Published by mark itwired
Posted on October 6, 2021
5 min readLast updated: January 30, 2026
The global Product Information Management market is set to grow at a 21.0% CAGR, driven by retail and SaaS deployment, reaching over US$ 12 Bn by 2027.
The global product information management market is segmented by component, by deployment, by industry, by enterprise type and by region.
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Global Product Information Management Market: Future Projections
The report reveals that the global product information management market is expected to reach a value above US$ 12 Bn by the end of the period of assessment from a valuation of around US$ 1.8 Bn in 2017 and is projected to grow at a very high CAGR of 21.0% throughout the period of forecast.
Global Product Information Management Market: Growth Influencing Factors
Several aspects influencing the growth of the global product information management market are studied and included in this research report. Various aspects such as rising number of products coupled with growing importance on reducing errors associated with product information, increasing focus on reducing time to market and improving sales efficiency, increasing demand for centralised data, rising adoption of product information management solutions in the retail sector, emergence of digital asset management, rising requirements for data verification and authenticity, increasing consumer demand for advanced technology and increasing traction of digital transformation in the manufacturing, wholesale and retail sectors are pushing the growth of the global market. Moreover, benefits such as support in keeping track on customers and managing complex product data are also contributing to the growth of the global product information management market. However, certain aspects like lack of awareness, interoperability issues, high operating costs associated with deployment, long implementation time and challenges associated with data integration are posing restraints to global market revenue growth.
Global Product Information Management Market: Competitive Scenario
The report covers a competition analysis and has profiled companies such as SAP AG, IBM Corporation, Informatica, Riversand Technologies, Inc., Stibo Systems, ADAM Software, Agility Multichannel, Inriver, Inc., Pimcore, Salsify, Edgenet, CATSY, Censhare AG, Shotfarm, Akeneo and NetCracker.
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Market Segmentation:
By Component
By Deployment
By Industry
By Enterprise Type
The post Product Information Management Market 2021 Strategic Analysis, Growth Drivers, Industry Trends, Demand And Future Opportunities Till 2027 appeared first on Industry News Analsis.
The article discusses the growth and trends of the global Product Information Management market up to 2027.
Key drivers include the retail sector's revenue generation and the rise of SaaS deployment.
North America is the largest regional market for Product Information Management.
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