Market Highlights:

The global pim market is projected to witness a rapid growth during the forecast period. Organizations are widely considering cloud-based deployments for implementing the central repository for their product data due to the increasing complexity associated with maintaining and managing it.

The global pim market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the pim market in the North American region is expected to witness significant growth during the forecast period. The U.S. is anticipated to drive the growth of the pim market owing to the presence of a large number of established key players, such as Oracle Corporation (U.S.), IBM Corporation (U.S.), Informatica (U.S.), Riversand Technologies, Inc. (U.S.) among others.

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In the global pim market, Asia Pacific is anticipated to grow at the highest rate during the forecast period. The rising adoption of advanced technologies in the industrial sector, particularly in the emerging economies such as India, China, and South Korea is boosting the market growth in the region.

The global pim market is projected to reach USD 21 billion at a CAGR of over 25% by the end of the forecast period.

pim market Segmentation:

The global pim market is segmented into component, deployment, organization size and end-user. The component segment is further bifurcated into software and service. The software segment consists of single domain and multi-domain. The service segment comprises consulting and system integration, training and support and maintenance. The deployment segment is sub-segmented into cloud and on-premise. The organization size segment consists of small & medium enterprises and large enterprises. The vertical segment consists of BFSI, government, retail, healthcare, IT & telecommunications, manufacturing, energy & utilities, healthcare, transportation & logistics, and others.

pim market Key Players:

Some of the prominent players in the global pim market are Oracle Corporation (U.S.), SAP AG (Germany), IBM Corporation (U.S.), Informatica (U.S.), Stibo Systems (Denmark), Riversand Technologies, Inc. (U.S.), Pimcore (Austria) are among others.

pim market Regional Analysis:

The North American region accounts for a substantial share of the global pim market in terms of revenue, owing to the early adoption of production information management across industry verticals in the enterprises. In Asia Pacific market, enterprises in countries such as Japan, China, and India are implementing PIM solutions in the retail industry. 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.

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