Product Information Management Market - 25.3% CAGR Forecast to 2021

May 10, 2016, 06:00 ET from RnR Market Research

PUNE, India, May 10, 2016 /PRNewswire/ --

The product information management (PIM) market is estimated to grow from $5.11 billion in 2016 to $15.78 billion by 2021 with an estimated CAGR of 25.3% and Asia-Pacific (APAC) is expected to grow at the highest CAGR for product information management software.

Complete report on global product information management 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 .

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 product information management software and service.

North America has been an extremely open market towards PIM solutions. The indispensable need to maximize value from the centralized master and reference data followed by the ongoing demands to gain meaningful insights from this consolidated master data has categorically driven the master data adoptions in North America. Furthermore, this region has been extremely responsive towards adopting the latest technological advancements such as integration of big data and BI tools within product information management solutions.

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 product information management 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.

Various key players in the product information management 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. Order a copy of Product Information Management Market by Software (Single Domain, Multi-Domain), Service Type (Consulting and System Integration, Training, Support and Maintenance), Deployment, User Type, Industry, and Region - Global Forecast to 2021 research report http://www.rnrmarketresearch.com/contacts/purchase?rname=541430 .

To determine product information management market size of various segments and sub-segments of PIM, extensive secondary research is done. 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 Executives (40%), Manager 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%).

On a related note, another research on Business Process Management Market Global Forecast to 2021 says, the ability to further improve the efficiency and visibility of the overall business process and adhering to ever increasing government compliances will drive the overall Business Process Management (BPM) market. The overall market size is estimated to grow USD 6.96 billion in 2016 to USD 13.52 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.2% from 2016 to 2021. Companies like IBM Corporation, Appian Corporation, Oracle Corporation, Red Hat, Inc., Software AG, Pegasystems, TIBCO Software, K2, OpenText and BPLogix have been profiled in this 136 pages research report available at http://www.rnrmarketresearch.com/business-process-management-market-by-solution-by-service-by-deployment-type-cloud-on-premises-by-organization-size-smes-enterprises-by-business-function-by-industry-vertical-by-region-na-europe-apac-st-to-2021-market-report.html .

Explore more reports on the Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .

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