PUBLISHER: QKS Group | PRODUCT CODE: 1637510
PUBLISHER: QKS Group | PRODUCT CODE: 1637510
"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 15.5% by 2028 in Latin America.
The Latin American PIM market is likely to grow further, propelled by technology advancements and rising demand from the retail and e-commerce industries. The market's growth is being driven by ongoing digital transformation efforts and the demand for efficient data management solutions to handle the complexities of product information across several platforms and regions. Cloud-based PIM solutions, big data analytics, artificial intelligence, and machine learning are examples of innovations that are creating new market opportunities. These solutions enable firms to manage and enrich product information, assuring consistency across numerous 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 15.5% by 2028 in Latin America.
The Latin American PIM market is expected to continue its growth trajectory, driven by technological advancements and increasing demand from the retail and e-commerce sectors. The market's expansion is supported by ongoing digital transformation efforts and the need for efficient data management solutions to handle the complexities of product information across different platforms and regions. Innovations such as cloud-based PIM solutions, big data analytics, artificial intelligence, and machine learning are providing new opportunities for market growth. These technologies help businesses manage and enrich product information, ensuring consistency across multiple 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."