PUBLISHER: QKS Group | PRODUCT CODE: 1637509
PUBLISHER: QKS Group | PRODUCT CODE: 1637509
"This product includes two reports: Market Share and Market Forecast.
Quadrant Knowledge Solutions Reveals that Product Information Management Market is Projected to Register a CAGR of 16% by 2028 in the Middle East & Africa.
The Middle East and African PIM market is expected to grow further as demand from the retail and e-commerce industries rises and technological advances. The market is growing due to ongoing digital transformation efforts and the need for comprehensive data management solutions to manage the complexity of product information across several platforms and locations. Big data analytics, artificial intelligence, machine learning, and cloud-based PIM solutions are all paving the way for fresh market expansion. By monitoring and refining product information, these systems help businesses maintain consistency across several sales channels.
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 16% by 2028 in the Middle East & Africa.
Due to growing demand from the retail and e-commerce industries as well as technological advances, the Middle East and African PIM market is anticipated to continue growing. The continued attempts at digital transformation and the requirement for effective data management solutions to manage the complexity of product information across many platforms and geographies are driving the market's rise. Technological advancements like big data analytics, artificial intelligence, machine learning, and cloud-based PIM solutions are opening up new markets for expansion. By managing and improving product information, these systems assist companies in maintaining consistency across various sales channels.
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."