Global Product Information Management Market Size, Trends and Growth Opportunity, By Component (Solution and Services), By Vertical (Consumer Goods and Retail, IT& Telecom, BFSI, Healthcare & Life Sciences, and Others), By Region and Forecast till 2027

Product Information Management
The global Product Information Management market was valued at USD 7,003.98 million in 2021 and is expected to reach USD 14,809.81 million by 2027, growing at a CAGR of 6.89% from 2022 to 2027.

The process of handling all the data that is required to market and sell the products is referred to as "product information management," also known as PIM. The motto of implementing PIM, within organizations, is to create quality data both for internal use and distribution channels. The application of PIM also encourages the count of sales channels, offers a wide array of products with accurate descriptions, and determines numerous requirements. The elevating demand for centralised data management tools is expected to offer steady growth to the market.

Market Drivers
Major driving factors for the product information management Market are the adoption of product information management (PIM) in the retail and e-commerce industries due to the growing focus on enhancing customer experience and the adoption of artificial intelligence and retail analytics tools in the retail and e-commerce sector.
Also, due to digitization, customers have the power to access product information through numerous sources.
Challenges
The increase in the number of cyberattacks is consequential in growing concerns regarding data security. Cyber-attacks are among the top 5 risks to global stability according to the World Economic Forum, as of 2019.
Furthermore, the growing data breaches is another factor predicted to hamper market growth.

Market Segmentation
Product Information Management market is segmented into components such as solutions and services. Further, the market is segmented into vertical such as Consumer Goods and Retail, IT& Telecom, BFSI, Healthcare & Life Sciences, and others. Also, Product Information Management Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Regional Analysis
North America is anticipated to dominate the market because of the rising adoption of advanced technologies to decrease manual tasks and streamline workflows among the region's enterprises. The development of e-commerce also contributes to the market's growth.
The Asia-Pacific region is likely to register substantial growth in the product information management market due to the increasing need for data storage and security. Also, the massive market potential in Asia-Pacific is expected to entice several foreign companies to grow there.

Market Key Players
Various key players are discussed in this report, such as SAP, IBM, Informatica, Oracle, Akeneo, Pimcore, Salsify, InRiver, Stibo Systems, and Contentserv.

Industry development
May 2021: Amazon, the world's largest online retailer, opened its groundbreaking Amazon Go concept store to the public in Seattle, Washington, in the United States. The increase in these types of innovations would directly grow the demand for the product information management market.
June 2021: Walmart Inc. announced plans to expand its online grocery delivery option to more than 40% of United States households by the year's end. These trends are expected to be instrumental in driving the PIM market in the retail sector.

Global Product Information Management Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Product Information Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Product Information Management Market, By Component
5.1 Y-o-Y Growth Comparison, By Component 
5.2 Global Product Information Management Market Share Analysis, By Component 
5.3 Global Product Information Management Market Size and Forecast, By Component
5.3.1 Services
5.3.2 Solution
6  lobal Product Information Management Market, By Vertical
6.1.Y-o-Y Growth Comparison, By Vertical
6.2 Global Product Information Management Market Share Analysis, By Vertical
6.3 Global Product Information Management Market Size and Forecast, By Vertical
6.3.1 Consumer Goods & Retail
6.3.2 IT & Telecom
6.3.3 BFSI
6.3.4 Healthcare & Life Sciences
6.3.5Others
7 Global Product Information Management Market, By Region
7.1 Global Product Information Management Market Share Analysis, By Region
7.2 Global Product Information Management Market Share Analysis, By Region
7.3 Global Product Information Management Market Size and Forecast, By Region
8 North America Product Information Management Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Product Information Management Market Share Analysis, By Component
8.3 North America Product Information Management Market Size and Forecast, By Vertical
8.4 North America Product Information Management Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Product Information Management Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Product Information Management Market Share Analysis, By Component 
9.3 Europe Product Information Management Market Size and Forecast, By Vertical 
9.4 Europe Product Information Management Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Product Information Management Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Product Information Management Market Share Analysis, By Component 
10.3 Asia Pacific Product Information Management Market Size and Forecast, By Vertical 
10.4 Asia Pacific Product Information Management Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Product Information Management Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Product Information Management Market Share Analysis, By Component 
11.3 Latin America Product Information Management Market Size and Forecast, By Vertical 
11.4 Latin America Product Information Management Market Size and Forecast, By Country
11.5.1 Brazil
11.5.2 Rest of Latin America
12 Middle East Product Information Management Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Product Information Management Market Share Analysis, By Component 
12.3 Middle East Product Information Management Market Size and Forecast, By Vertical 
12.4 Middle East Product Information Management Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 SAP
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 IBM
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Informatica
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Oracle
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Akeneo
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Pimcore
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Salsify
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 inRiver
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Stibo Systems
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Contentserv
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies