A) Market Overview:
The global Product Information Management Software (PIM) market is estimated to be valued at USD 12.2 billion in 2022, and it is expected to exhibit an impressive CAGR of 14.3% over the forecast period of 2022-2027. PIM software enables businesses to centralize, manage, and distribute product information across various sales channels efficiently. It offers advantages such as improved data accuracy, streamlined workflows, enhanced customer experience, and increased operational efficiency. As companies strive to enhance their online presence and manage their product information effectively, the demand for PIM software is poised to witness substantial growth.
B) Market Key Trends:
One key trend in the PIM market is the rising adoption of cloud-based PIM solutions. Cloud-based PIM software offers scalability, flexibility, and easy accessibility, eliminating the need for large upfront investments in IT infrastructure. It allows businesses to manage their product information remotely and ensures seamless collaboration among various stakeholders. For example, Akeneo and Pimcore, two key players in the PIM market, offer cloud-based solutions that cater to different business sizes and requirements. This trend is expected to continue as companies embrace digital transformation and prioritize remote working capabilities.
C) Porter's Analysis:
- Threat of New Entrants: The Product Information Management Software (PIM) Market Size presents a moderate threat of new entrants. While the market is witnessing rapid growth, establishing a strong brand presence and developing feature-rich software can be challenging for new players.
- Bargaining Power of Buyers: With an increasing number of PIM software providers in the market, buyers have multiple options to choose from, giving them substantial bargaining power. Additionally, buyers can demand customized solutions that cater to their specific needs.
- Bargaining Power of Suppliers: PIM software suppliers rely on technology partners and developers who provide them with necessary components and integrations. The bargaining power of suppliers is determined by the availability and expertise of these technology partners.
- Threat of New Substitutes: As businesses recognize the importance of PIM software, the threat of new substitutes is relatively low. However, technological advancements and innovations may introduce alternative solutions in the future.
- Competitive Rivalry: The PIM market is highly competitive, with key players such as Salsify Inc., Syndigo LLC, and inRiver constantly innovating their software to gain a competitive edge. The market is characterized by product differentiation, pricing strategies, and brand reputation.
D) Key Takeaways:
- The PIM market is expected to witness high growth, driven by increasing e-commerce activities, digital transformation, and the need for centralized and accurate product information management.
- North America is expected to dominate the PIM market due to the continuous adoption of advanced technology and a well-established e-commerce landscape.
- Key players operating in the global PIM market include Akeneo, Salsify Inc., Catsy, Plytix, Syndigo LLC, Pimcore, inRiver, PropelPLM Inc., Syndigo LLC, EnterWorks, and Sales Layer. These players are focusing on product enhancements, partnerships, and acquisitions to expand their market presence and meet the evolving needs of customers.
In conclusion, the Product Information Management (PIM) software market is poised for significant growth as businesses worldwide recognize the importance of efficiently managing and distributing product information. Cloud-based solutions, the dominance of North America, and the competitive landscape shaped by key players are key factors to watch. As the market continues to evolve, businesses should leverage PIM software to stay ahead in the competitive e-commerce landscape and deliver superior customer experiences.
In this report, our team offers a comprehensive analysis of PIM Software market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-pim-software-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Akeneo• inRiver• Salsify• Oracle• Hybris Software• Agility Multichannel• IBM InfoSphere• ADAM• EnterWorks• Stibo Systems• Informatica• Pimcore• Tradeshift• Perfion• Riversand• Catsy• Edgenet• Plytix On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Cloud Based• Web Based By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Large Enterprises• SMEs By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-pim-software-market-2020-2026 Table of Contents Global PIM Software Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Cloud Based1.3.2 Web Based1.4 Application Overview1.4.1 Large Enterprises1.4.2 SMEs1.5 Industrial Chain1.5.1 PIM Software Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Cloud Based2.1.2 Web Based2.2 The Overall Market Performance(Value)2.2.1 Cloud Based2.2.2 Web Based 3 Global PIM Software Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Large Enterprises3.3 SMEs 4 Competitive Analysis4.1 Akeneo4.1.1 Akeneo Profiles4.1.2 Akeneo Product Information4.1.3 Akeneo PIM Software Business Performance4.1.4 SWOT Analysis4.2 inRiver4.2.1 inRiver Profiles4.2.2 inRiver Product Information4.2.3 inRiver PIM Software Business Performance4.2.4 SWOT Analysis Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/ict About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
In this report, our team offers a comprehensive analysis of PIM Software market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-pim-software-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Akeneo• inRiver• Salsify• Oracle• Hybris Software• Agility Multichannel• IBM InfoSphere• ADAM• EnterWorks• Stibo Systems• Informatica• Pimcore• Tradeshift• Perfion• Riversand• Catsy• Edgenet• Plytix On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Cloud Based• Web Based By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Large Enterprises• SMEs By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-pim-software-market-2020-2026 Table of Contents Global PIM Software Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Cloud Based1.3.2 Web Based1.4 Application Overview1.4.1 Large Enterprises1.4.2 SMEs1.5 Industrial Chain1.5.1 PIM Software Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Cloud Based2.1.2 Web Based2.2 The Overall Market Performance(Value)2.2.1 Cloud Based2.2.2 Web Based 3 Global PIM Software Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Large Enterprises3.3 SMEs Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/ict About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
A Product Information Management (PIM) solution provides a single place to collect, manage, and enrich your product information, create a product catalog, and distribute it to your sales and eCommerce channels.
A PIM solution makes it faster and easier to create and deliver compelling product experiences.
What are the benefits of using a PIM?A PIM system is great for companies that need to juggle a lot of product information and sell in multiple channels.
The benefits are profound, especially when it comes to productivity.
A PIM can save you and your team time, improve data quality and help you take control of your products.
Reduce errors and redundancies by relying on a single source of truth.Eliminate manual data entry and updating.Get to market faster than your competitors.Reduce overheads and wasted resources.Eliminate bottlenecks and data silos.Create rich, consistent content, which is optimized for all your sales channels.Sell more with better content and accessible data.Expand your product offering sustainably.Import and sort supplier data quickly.Increase customer satisfaction and loyalty.
