Catalog Management Systems Market - Global Forecast to 2023: Opportunities in Advancements in Areas of Machine Learning (ML), Analytics, and Artificial Intelligence (AI)
DUBLIN, Aug 14, 2018 /PRNewswire/ --
The "Catalog Management Systems Market by Component, Deployment Type, Organization Size, Industry Vertical (IT and Telecom, Retail and eCommerce, BFSI, Media and Entertainment, Travel and Hospitality), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global catalog management systems market size is expected to grow from USD 846.6 million in 2018 to USD 1,190.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.
Major growth factors for the market include the digital transformation initiatives that have led to the boom of retail and eCommerce industry vertical, and improved IT systems to meet customers' dynamic requirements. Major growth industry verticals in the market include Banking, Financial Services, and Insurance (BFSI); retail and eCommerce; and Information Technology (IT) and telecom.
The report segments the catalog management systems market by component, deployment type, organization size, industry vertical, and region. The solution segment is estimated to dominate the market in 2018, while the services segment is expected to grow at a higher CAGR during the forecast period. Catalog management solution and services are gaining popularity, as they empower enterprises to meet their cataloging requirements in a cost-effective manner.
Among deployments, the cloud deployment type is expected to gain traction during the forecast period, as it offers the agility of on-demand resource deployment and consumption. Organizations prefer the cloud deployment model, as it offers ease of access along with reduced capital and operational expenses.
The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period.The growing need to reduce operational costs and streamline selling processes would drive the adoption rate of catalog management solution and services.
Industry verticals, such as BFSI, IT and telecom, retail and eCommerce, media and entertainment, travel and hospitality, and others (government, healthcare, and energy and utilities) are rapidly adopting catalog management solution and services to optimize their selling processes. The IT and telecom industry vertical is expected to hold the largest market size during the forecast period, while the retail and eCommerce industry vertical would present prospective opportunities for catalog management systems vendors during the forecast period.
The 5 major geographic regions in the catalog management systems market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America, to provide a region-specific analysis. North America is expected to hold the largest market size during the forecast period, due to the presence of large vendors in the region. The region is also one of the most advanced regions in terms of technology adoption and IT infrastructure optimization.
Catalog management systems help organizations in their cataloging and selling processes. Some of the organizations are still unaware of their functionalities, and end up buying catalog management systems not meant for them. There are prevailing data security apprehensions, as product and service data is stored in catalog management systems. These could be restraining factors for the growth of catalog management systems market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Catalog Management Systems Market
4.2 Market By Industry Vertical (2018 vs 2023)
4.3 Market Share Across Major Regions
4.4 Market Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Digital Transformation Initiatives in the Retail and Ecommerce Industry Vertical
5.2.1.2 Need of Centralized Systems for Improved Marketing and Selling of Products and Services
5.2.2 Restraints
5.2.2.1 Security and Privacy Concerns
5.2.3 Opportunities
5.2.3.1 Rising Adoption of Catalog Management Systems By SMEs
5.2.3.2 Advancements in Areas of Machine Learning (ML), Analytics, and Artificial Intelligence (AI)
5.2.4 Challenges
5.2.4.1 Absence of Standardized Catalog Format Among Enterprises
5.2.4.2 Lack of Awareness About Catalog Management Systems and Capabilities
5.3 Industry Trends
5.3.1 Use Case 1: Proactis
5.3.2 Use Case 2: Comarch
5.3.3 Use Case 3: Salsify
5.3.4 Use Case 4: Sigma Systems
5.3.5 Use Case 5: Vserve
6 Catalog Management Systems Market, By Type
6.1 Introduction
6.2 Service Catalogs
6.3 Product Catalogs
7 Market By Component
7.1 Introduction
7.2 Solution
7.3 Services
7.3.1 Professional Services
7.3.1.1 Consulting
7.3.1.2 Training and Education
7.3.1.3 Support and Maintenance
7.3.2 Managed Services
8 Catalog Management Systems Market, By Deployment Type
8.1 Introduction
8.2 Cloud
8.3 On-Premises
9 Market By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises
10 Catalog Management Systems Market, By Industry Vertical
10.1 Introduction
10.2 IT and Telecom
10.3 Retail and Ecommerce
10.4 Banking, Financial Services, and Insurance
10.5 Media and Entertainment
10.6 Travel and Hospitality
10.7 Others
11 Catalog Management Systems Market, By Region
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.2 Canada
11.3 Europe
11.3.1 United Kingdom
11.3.2 Germany
11.3.3 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 United Arab Emirates
11.5.2 South Africa
11.5.3 Rest of Middle East and Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America
12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 New Product Launches/Service Launches/Upgradations
12.2.2 Business Expansions
12.2.3 Acquisitions
12.2.4 Partnerships and Agreements
13 Company Profiles
13.1 Introduction
13.2 IBM
13.3 SAP
13.4 Oracle
13.5 Coupa Software
13.6 Servicenow
13.7 Proactis
13.8 CA Technologies
13.9 Fujitsu
13.10 Comarch
13.11 Salsify
13.12 Zycus
13.13 GEP
13.14 Ericsson
13.15 Amdocs
13.16 Insite Software
13.17 Plytix
13.18 Vroozi
13.19 Mirakl
13.20 Sellercloud
13.21 Sigma Systems
13.22 Vinculum
13.23 Claritum
13.24 Ejeeva
13.25 Suntec
13.26 Cellent
For more information about this report visit https://www.researchandmarkets.com/research/62z35j/catalog?w=5
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