PUBLISHER: QKS Group | PRODUCT CODE: 1637508
PUBLISHER: QKS Group | PRODUCT CODE: 1637508
"This product includes two reports: Market Share and Market Forecast.
Quadrant Knowledge Solutions Reveals that the Product Information Management (PIM) Market is Projected to Register a CAGR of 18% by 2028 in the USA.
The Product Information Management (PIM) market in the United States is expected to increase significantly in the coming years, owing to the rise of the e-commerce sector and advances in digital technology. The booming e-commerce business is a significant driver of PIM market expansion. The growing number of online shoppers, combined with the requirement for efficient product data management across several sales channels, are driving demand for PIM solutions. North America, notably the United States, has the biggest market share due to the widespread adoption of digital technologies and the presence of major industry participants. The region's strong retail and e-commerce businesses contribute to this position.
Quadrant Knowledge Solutions defines Product Information Management (PIM) as "a solution that centralizes the product information into a single source and helps manage, store, optimize, and publish that information across sales, marketing, and eCommerce channels, for digital commerce. PIM collects data from various digital sources with the support of data tools, helping organizations improve product experience, cost efficiency, product data quality, and reach in the market. The solution is integrated with eCommerce platforms, customer relationship management (CRM) systems, and enterprise resource management (ERP) software across all digital and physical touchpoints to enhance data accuracy and quality."
Quadrant Knowledge Solutions Reveals that Product Information Management Market is Projected to Register a CAGR of 18% by 2028 in the USA.
The Product Information Management (PIM) market in the USA is poised for significant growth in the coming years, driven by the expansion of the e-commerce sector and advancements in digital technologies. The thriving e-commerce industry is a major driver of PIM market growth. The increasing number of online shoppers and the need for efficient product data management across various sales channels are fueling demand for PIM solutions. North America, particularly the USA, holds the largest market share due to the high adoption of digital technologies and the presence of leading market players. The region's strong retail and e-commerce sectors further bolster this position.
Quadrant Knowledge Solutions defines Product Information Management (PIM) as "a solution that centralizes the product information into a single source and helps manage, store, optimize, and publish that information across sales, marketing, and eCommerce channels, for digital commerce. PIM collects data from various digital sources with the support of data tools, helping organizations improve product experience, cost efficiency, product data quality, and reach in the market. The solution is integrated with eCommerce platforms, customer relationship management (CRM) systems, and enterprise resource management (ERP) software across all digital and physical touchpoints to enhance data accuracy and quality."