This product information software management market Covers the product contributions, revenue segmentation, and business overview of the leading players in the market. It utilizes the latest developments in the global market to assess the market share of the prominent market players in the upcoming period. The report highlights the limitations and strong points of the well-known players through SWOT analysis. It also assesses their growth in the market. Additionally, the global market report covers the major product & applications categories & segments. Further, the report analyzes the global market based on the product type and customer segments. It also calculates the growth of each segment in the ground market over the predicted time.

The global market is further bifurcated on the basis of the regions Latin America, Asia Pacific, North America, Europe, and Middle East & Africa too. In addition, the study also assesses the global market on the basis of the geography. It analyzes the macro- and microeconomic factors influencing the market growth in each region.

Data Bridge Market Research analyses that the product information software management market is expected to reach USD 57.43 billion by 2030, which was USD 15.17 billion in 2022, at a CAGR of 18.10% during the forecast period.

Definition

Product management software manages every aspect of a product during its entire life cycle, from creation to disposal. Software for product management is designed to be set up, installed, and accessed at any time and from any location. It helps a company meet its strategic objectives and respond to the needs and difficulties of its customers. It employs several strategies to bring high-quality products to market, increase profitability, promote productivity, and draw in and retain customers.

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Key Growth Drivers:

• Rising need for product data curation and management

Companies from various industries recognize the need for an appropriate solution to simplify product data management and curation. This is explained by businesses wanting a competitive edge in the ever-changing digital market. When there are multiple channels, complex attribute models, endless aisles (inbound or outbound) and when legacy systems become expensive to maintain, product information management solutions are typically needed. Companies are focussing on investing in product information software management due to the marketplace's rapid change and competitors' introduction of cutting-edge capabilities, boosting this industry's expansion.

• The increasing influence of the e-commerce sector in product information software management software

Distribution and supplier networks for the retail business have grown more difficult on a global scale. Companies are using product information software management software to effectively supply product information across all distribution channels and boost sales. Additionally, the expansion of e-commerce globally is forcing industry participants to concentrate on preserving product content, enhancing the user experience, and preserving customer feedback, ratings, and online platform activity. This is further leading to the growth of the product information software management software segment.

The report emphasizes the participation of key entities, notably:

• SAP SE (U.S.)
• IBM (U.S.)
• Informatica (U.S.)
• Oracle (U.S )
• Akeneo (France)
• Pimcore (Austria)
• Syndigo LLC (U.S.)
• Aprimo (U.S.)
• Vinculum Solutions Pvt. Ltd (India)
• censhare GmbH (Germany)
• Verint Systems Inc. (U.S.)
• Servion Global Solutions (India)
• CallMiner (U.S.)
• NGDATA, Inc. (Belgium)
• Acoustic, L.P. (U.S.),
• FirstHive (U.S.)
• CaliberMind (U.S.)

Major Points in the Report

• Understanding the entirety of the product information software management marketlandscape thoroughly.
• Exploring the leading entities in this sector, delving into their range of products and core approaches.
• Examining the prominent geographical areas where product information software management marketdemonstrates significant growth.
• Keeping abreast of the latest shifts and advancements within the industry.
• Identifying specific areas or markets with high potential and promising expansion opportunities.

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Key Market Segmentation

By Component (Solutions, Services), Organisation Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (Cloud, On-Premise), Operating System (iOS, Windows, Android, Others), Industry Vertical (Banking, Financial Services and Insurance, Consumer Goods and Retail, Manufacturing, I.T. and Telecom, Media and Entertainment, Healthcare and Life Sciences, Transportation and Logistics, Others)

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