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Product Information Management Market by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 121
  • SKU: IRTNTR73634
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The product information management market share is expected to increase to USD 7.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.17%.

This product information management market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers product information management market segmentations by deployment (on-premise and cloud) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The product information management market report also offers information on several market vendors, including Akeneo SAS, Aptean Group of Companies, Bluestone Norway, Contentserv Group AG, Informatica LLC, Inriver AB, International Business Machines Corp., Magnitude Software Inc., Mobius Knowledge Services P. Ltd., Oracle Corp., Pimcore GmbH, Plytix ApS, Salsify Inc., SAP SE, Stibo Systems, Syndigo LLC, True Commerce Inc., Viamedici Software GmbH, Vinculum Solutions Pvt. Ltd., and Winshuttle LLC among others.

What will the Product Information Management Market Size be During the Forecast Period?

Product Information Management Market Size

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Product Information Management Market: Key Drivers, Trends, and Challenges

The thriving e-commerce industry is notably driving the product information management market growth, although factors such as concerns about data security and privacy threats may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the product information management industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Product Information Management Market Driver

  • The thriving e-commerce industry is one of the key drivers supporting the product information management (PIM) market growth.
  • The e-commerce industry has been growing at a breakneck speed globally, thanks to the increase in consumer demand for items, expanding Internet access, and rising smartphone usage.
  • With the fast-developing e-commerce business, demand for PIM solutions is likely to rise during the forecast period as PIM allows for easy management and editing of all product information.
  • The PIM solution captures and uploads data and maps it to customer needs in real-time while validating, enriching, and augmenting the data in real-time
  • PIM solution automates the creation of product information using data from multiple sources to help improve product assortment and achieve faster syndication of product data across channels. This, in turn, will propel the product information management (PIM) market growth during the forecast period.

Key Product Information Management Market Trend

  • Adaption of AI and machine learning skills to improve data management and the consumer experience is one of the key product information management (PIM) market trends fueling market growth.
  • Automatic product classification, anomaly detection, enrichment processes through the selection of data from reputable sources, product grading, and contextual suggestions are all features of AI-powered PIM.
  • PIM solutions driven by AI may offer automated insights regarding data issues and build an integrated picture of data from numerous systems, allowing clients to better understand their goods.
  • ML-enabled PIM solutions assist organizations in managing compliance, driving data-driven digital transformation, and improving operational efficiency by detecting and recommending appropriate solutions to improve data matching and eliminate data discrepancies. These factors will propel the product information management (PIM) market growth during the forecast period.

Key Product Information Management Market Challenge

  • Concerns about data security and privacy threats is one of the key challenges hampering the product information management (PIM) market trends fueling the market growth.
  • Data collection and transmission from one channel to the other is part of PIM. The PIM system also involves data synchronization and publishing.
  • Several firms believe that PIM solutions may lead to data breaches in their highly abstracted data sets due to a lack of sufficient information about security standards and their implementation.
  • A few SMEs that still desire to use cloud-based PIM systems have reversed their choice due to privacy concerns associated with the cloud.
  • For instance, Pfizer, had a data breach in October 2020 due to unprotected cloud storage containing email addresses, home addresses, complete names, and other Health Insurance Portability and Accountability Act (HIPAA) related information. Such instances may limit the information management (PIM) market trends fueling market growth during the forecast period.

This product information management market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global product information management market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the product information management market during the forecast period.

Who are the Major Product Information Management Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Akeneo SAS
  • Aptean Group of Companies
  • Bluestone Norway
  • Contentserv Group AG
  • Informatica LLC
  • Inriver AB
  • International Business Machines Corp.
  • Magnitude Software Inc.
  • Mobius Knowledge Services P. Ltd.
  • Oracle Corp.
  • Pimcore GmbH
  • Plytix ApS
  • Salsify Inc.
  • SAP SE
  • Stibo Systems
  • Syndigo LLC
  • True Commerce Inc.
  • Viamedici Software GmbH
  • Vinculum Solutions Pvt. Ltd.
  • Winshuttle LLC

 

This statistical study of the product information management market encompasses successful business strategies deployed by the key vendors. The product information management market is concentrated and the vendors are deploying growth strategies such as mergers and acquisitions and product innovation to compete in the market.

Product Insights and News

  • Akeneo.com - The company offers product information management solution namely Akeneo PIM Growth Edition.
  • Contentserv.com - The company offers product information management solution to easily manage and deliver channel-ready product content.
  • Informatica.com - The company offers product information management solutions namely Product 360.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The product information management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Product Information Management Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the product information management market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Product Information Management Market?

Product Information Management Market Market segmentation by region

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36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the product information management market in North America. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

The presence of important market vendors and widespread adoption of modern technologies in various industries, particularly retail will facilitate the PIM market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 is expected to boost the growth of the product information management market in North America. Furthermore, customers no longer make retail decisions in real locations but rather online via web browsers or on cellphones on digital shelves. The costs of manufacturer's items are compared to alternative products from retailers on websites globally> Such convenience provided by online shopping will drive the PIM market growth during the forecast period.

What are the Revenue-generating Deployment Segments in the Product Information Management Market?

Product Information Management Market Segmentation

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The product information management market share growth by the on-premise segment will be significant during the forecast period. A physical on-premise PIM platform is software that is installed on-site and purchased under license and is housed, stored, and administered on personal servers, with the license holder taking full responsibility for its care and integration. In several cases, the on-premise PIM platform necessitates the hiring of specialized personnel. All obligations are handled in-house when adopting an on-premise system. These features of on-premise will drive the PIM market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the PIM market size and actionable market insights on post COVID-19 impact on each segment.

 

Product Information Management Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.17%

Market growth 2022-2026

$ 7.40 billion

Market structure

Concentrated

YoY growth (%)

10.56

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Akeneo SAS, Aptean Group of Companies, Bluestone Norway, Contentserv Group AG, Informatica LLC, Inriver AB, International Business Machines Corp., Magnitude Software Inc., Mobius Knowledge Services P. Ltd., Oracle Corp., Pimcore GmbH, Plytix ApS, Salsify Inc., SAP SE, Stibo Systems, Syndigo LLC, True Commerce Inc., Viamedici Software GmbH, Vinculum Solutions Pvt. Ltd., and Winshuttle LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Product Information Management Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive product information management market growth during the next five years
  • Precise estimation of the product information management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the product information management industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of product information management market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment
    • Exhibit 26: Chart on Comparison by Deployment
    • Exhibit 27: Data Table on Comparison by Deployment
  • 5.3 On-premise - Market size and forecast 2021-2026
    • Exhibit 28: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on On-premise - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on On-premise - Year-over-year growth 2021-2026 (%)
  • 5.4 Cloud - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Cloud - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Cloud - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Cloud - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Cloud - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment
    • Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Canada - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Akeneo SAS
    • Exhibit 89: Akeneo SAS - Overview
    • Exhibit 90: Akeneo SAS - Product / Service
    • Exhibit 91: Akeneo SAS - Key offerings
  • 10.4 Contentserv Group AG
    • Exhibit 92: Contentserv Group AG - Overview
    • Exhibit 93: Contentserv Group AG - Product / Service
    • Exhibit 94: Contentserv Group AG - Key offerings
  • 10.5 Informatica LLC
    • Exhibit 95: Informatica LLC - Overview
    • Exhibit 96: Informatica LLC - Product / Service
    • Exhibit 97: Informatica LLC - Key offerings
  • 10.6 Inriver AB
    • Exhibit 98: Inriver AB - Overview
    • Exhibit 99: Inriver AB - Product / Service
    • Exhibit 100: Inriver AB - Key offerings
  • 10.7 International Business Machines Corp.
    • Exhibit 101: International Business Machines Corp. - Overview
    • Exhibit 102: International Business Machines Corp. - Business segments
    • Exhibit 103: International Business Machines Corp. - Key offerings
    • Exhibit 104: International Business Machines Corp. - Segment focus
  • 10.8 Oracle Corp.
    • Exhibit 105: Oracle Corp. - Overview
    • Exhibit 106: Oracle Corp. - Business segments
    • Exhibit 107: Oracle Corp. - Key news
    • Exhibit 108: Oracle Corp. - Key offerings
    • Exhibit 109: Oracle Corp. - Segment focus
  • 10.9 SAP SE
    • Exhibit 110: SAP SE - Overview
    • Exhibit 111: SAP SE - Business segments
    • Exhibit 112: SAP SE - Key news
    • Exhibit 113: SAP SE - Key offerings
    • Exhibit 114: SAP SE - Segment focus
  • 10.10 Stibo Systems
    • Exhibit 115: Stibo Systems - Overview
    • Exhibit 116: Stibo Systems - Product / Service
    • Exhibit 117: Stibo Systems - Key offerings
  • 10.11 Syndigo LLC
    • Exhibit 118: Syndigo LLC - Overview
    • Exhibit 119: Syndigo LLC - Product / Service
    • Exhibit 120: Syndigo LLC - Key offerings
  • 10.12 Winshuttle LLC
    • Exhibit 121: Winshuttle LLC - Overview
    • Exhibit 122: Winshuttle LLC - Product / Service
    • Exhibit 123: Winshuttle LLC - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 124: Inclusions checklist
    • Exhibit 125: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 126: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 127: Research methodology
    • Exhibit 128: Validation techniques employed for market sizing
    • Exhibit 129: Information sources
  • 11.5 List of abbreviations
    • Exhibit 130: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Product Information Management Market market growth will increase by $7.40 bn during 2022-2026.
The product information management market market is expected to grow at a CAGR of 12.17% during 2022-2026.
Technavio has segmented the product information management market market by deployment (On-premise and Cloud) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
Akeneo SAS, Aptean Group of Companies, Bluestone Norway, Contentserv Group AG, Informatica LLC, Inriver AB, International Business Machines Corp., Magnitude Software Inc., Mobius Knowledge Services P. Ltd., Oracle Corp., Pimcore GmbH, Plytix ApS, Salsify Inc., SAP SE, Stibo Systems, Syndigo LLC, True Commerce Inc., Viamedici Software GmbH, Vinculum Solutions Pvt. Ltd., Winshuttle LLC are a few of the key vendors in the product information management market market.
North America will register the highest growth rate of 36% among the other regions. Therefore, the product information management market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the product information management market market growth are:
  • The thriving e-commerce industry is driving up demand for PIM solutions.
  • Adaption of AI and machine learning skills to improve data management and the consumer experience.
The product information management market market vendors should focus on grabbing business opportunities from the on-premise segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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