The product information management market is estimated to grow from $5.11 billion in 2016 to $15.78 billion by 2021 with an estimated CAGR of 25.3%. The indispensable requirement to have centrally managed data is the driving force of product information management (PIM) market. Rising need for compliance and verification, mounting demands for operational excellence and data quality, compiled master data on real-time basis, manifestation of unified customer view and client centricity, need for centralized system for improved marketing and selling of products through distribution channels are some of the prominent factors driving the adoption of PIM software and service. Complete report on product information management (PIM) market spread across 163 pages, profiling 10 companies and supported with 64 tables and 53 figures is now available at http://www.rnrmarketresearch.com/product-information-management-market-by-softwaresingle-domain-multi-domain-service-type-consulting-and-system-integration-training-support-and-maintenance-deployment-user-type-industry-region-global-f-st-to-2021-market-report.html .
Asia-Pacific (APAC) is expected to grow at the highest CAGR for PIM software. APAC is estimated to grow at the highest CAGR for the PIM software and service market during the forecast period due to the rising need of compliance and verification and indispensable requirement to have centrally managed data. On-premise based PIM is the largest contributor than the cloud-based PIM but the latter is expected to surpass the former due to the higher adoption rate of cloud technologies. Training, support and maintenance service in the services segment is expected to grow at the highest CAGR during the forecast period.
Increase demands for cloud-based deployment of PIM solution. With the increasing complexity pertaining to maintaining and managing this data, organizations are widely considering cloud-based deployments for implementing the central repository for their master data. Since master data and its sub-set reference master data are extremely crucial for ensuring business continuity among organizations, the large enterprises and SMBs are deploying cloud-based PIM solutions chiefly for the flexibility and freedom in usage it offers.
With cloud-based PIM solutions, organizations can easily minimize their upfront costs, manage data quality, increase their Return on Investment (RoI), and elevate their customer base.Hence, large enterprises are gradually shifting to cloud-based PIM solutions.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (40%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (40%), Director Level (30%) and others (30%) from various key organizations operating in the global product information management (PIM) market. The primary interviews were conducted worldwide covering regions such as North America (40%), APAC (25%), Europe (20%) and RoW (15%).
The various key players in the product information management (PIM) market profiled in the report are SAP AG, IBM Corporation, Oracle Corporation, Informatica, Rivers and Technologies, Inc., Stibo Systems, Adam Systems, Agility Multichannel, inRiver, Inc., Pimcore. Make an Inquiry on “Product Information Management Market by Software(Single Domain, Multi-Domain), Service Type (Consulting and System Integration, Training, Support and Maintenance), Deployment ,User Type, Industry, Region - Global Forecast to 2021” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=541430 .
On a related note, another research titled Integrated Workplace Management System Market Global Forecast to 2021 says, IWMS market is projected to grow from USD 1.52 billion in 2016 to USD 3.35 billion by 2021, at a CAGR of 17.1% due to strict regulatory compliance. North America is expected to hold the largest market share of the IWMS market in 2016 due to government mandates and increasing adoption of cloud computing in the U.S. and Canada. Companies like IBM Corporation, Oracle Corporation, Trimble Navigation Limited, Planon Corporation, Accruent, LLC, ARCHIBUS, Inc., NJW Limited, Indus Systems, FM Systems, Inc. and iOffice Corporation have been profiled in this 161 pages research report available at http://www.rnrmarketresearch.com/integrated-workplace-management-system-market-by-solution-environment-energy-management-real-estate-operations-facility-management-service-consulting-managed-application-property-space-move-manageme-st-to-2021-market-report.html .
Explore more reports on Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .
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