The global product information management (PIM) market size is expected to reach USD 36.12 billion by 2030, according to a new study by Polaris Market Research. The report “Product Information Management (PIM) Market Share, Size, Trends, Industry Analysis Report, By Deployment (On-premises and Cloud); By Organization Size; By Verticals; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising digitization and growing access to consumers for product information management through several sources, coupled with the massive increase in e-commerce sector, are major factors favoring the market growth. Moreover, high adoption of advanced PIM solutions across various industries such as retail, banking, healthcare, transportation, and financial services around the globe is further anticipated to propel the growth and demand for the global market over the coming years.
For instance, as per the report published by Flipkart and Bain., the total number of online shoppers in India is projected to grow to around 400 to 450 million by 2027. The Indian e-retail market is estimated to grow by around 25-30% annually over the coming years.
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/product-information-management-market/request-for-sample
Continuously rising investments in automation to enable quicker decisions, along with ever-rising competition and high business growth, around the globe to facilitate business operations, equipment, data management, and types of machinery is likely to have a positive impact on the global market at a healthy growth rate in the coming years.
In May 2022, Pimcore, a leading service provider in PIM solutions market introduced their new and more enhanced Pimcore 10.4 with high importance on consumer experience, API improvements, optimizations, and security. With the help of company’s new offering, organizations will be able to preview data or product information from any of their device like laptop, mobile, and tablets.
Product Information Management (PIM) Market Report Highlights
Polaris Market Research has segmented the product information management (PIM) market report based on deployment, organization size, verticals, and region:
Product Information Management (PIM), Deployment Outlook (Revenue - USD Billion, 2018 - 2030)
Product Information Management (PIM), Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)
Product Information Management (PIM), Verticals Outlook (Revenue - USD Billion, 2018 - 2030)
Product Information Management (PIM), Regional Outlook (Revenue - USD Billion, 2018 - 2030)