The global catalog management system market size is expected to reach USD 2.98 billion by 2030, according to a new study by Polaris Market Research. The report “Catalog Management System Market Share, Size, Trends, Industry Analysis Report, By Type; By Component; By Deployment; By Vertical (BFSI, Retail & E-Commerce, Telecom, IT, Media & Entertainment, Travel & Hospitality, Others); By Region; Segment Forecast, 2022- 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The IT and telecom industries are driving up demand for sequence administration solutions. CSPs continue to struggle to offer clients the correct solutions at the right time in light of the rising demand for smartphones and other information devices in the digital age. Originating, managing, and effectively commercializing data offerings may be challenging for CSPs.
A unified product listing assists in capturing revenue-generating possibilities, cutting down on time-to-market, delivering unmatched quality of experience, retaining a solid client base, cutting down on churn, and enhancing brand loyalty.
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This administration structure gives CSPs a competitive edge when launching various cutting-edge programs and services by making it simple to develop, coordinate, organize, and manage offer life cycles. Reduced TTM and the capacity to quickly address client requirements in order to guarantee client pleasure, reinvent the customer experience, raise ARPU and ROI, and save operating costs.
Based on the vertical, the retail and e-commerce segment accounted for the leading share in the global industry. Due to the massive amount of product information, retail and e-commerce are the quickest verticals in adopting innovative technologies and services.
In order to satisfy customers’ changing needs, digital transformation projects have fueled growth in the retail & eCommerce sectors. Consumers generally expect comprehensive and consistent information about the product; as a result, the manager maintains the quality of product data across all retail channels.
Industry players such as Salsify, Broadcom, Claritum, Coupa Software Inc., Fujitsu, GEP, IBM, Oracle, Amdocs, Proactis Holdings Limited, SAP, ServiceNow, Comarch SA, Telefonaktiebolaget LM Ericsson, and Zycus Inc. are some key players operating in the global industry. In December 2021, Salsify launched an interface with Amazon’s new Selling Partner API. This new connectivity allows Amazon selling partners to programmatically retrieve their Amazon Vendor Central account information.
Polaris market research has segmented the catalog management system market report based on type, deployment, component, vertical, and region:
Catalog Management System, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Catalog Management System, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Catalog Management System, Deployment Outlook (Revenue - USD Billion, 2018 - 2030)
Catalog Management System, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Catalog Management System, Regional Outlook (Revenue - USD Billion, 2018 - 2030)