Product Information Management Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Product Information Management Market in 2025 is assessed at USD 13.62 billion. The global Market size was worth around USD 12.45 billion in 2024 and is set to register a CAGR of more than 11.7%, exceeding USD 52.46 billion revenue by 2037. North America is on pace to record USD 18.36 billion by 2037, due to demand for digital products and the need to manage product information across channels.
Mobilephones and online shopping are creating lucrative opportunities for PIM solutions. To ensure accurate, up-to -date product information is available to customers, businesses need PIM solutions to manage large amounts of product data. Over 2.2 billion people were expected to purchase goods and services online in 2022, as eCommerce sales reached 20% of retail sales worldwide.
Companies are increasingly looking for solutions to store, manage, and distribute product information quickly and efficiently due to the need for accurate and up-to-date product information for marketing, sales, and customer service activities. Product information management solutions provide the necessary infrastructure to help companies meet these demands.
Global Product Information Management Sector: Growth Drivers and Challenges
Growth Drivers
- Growth of Data Generation at An Exponential Rate - PIM systems provide a centralized repository for all product-related data, allowing businesses to easily manage and access the data they need to provide a better customer experience. In 2020, there were about 115 zettabytes of data created. By 2025, there will be over 180 zettabytes of data generated. This includes product descriptions, images, and pricing information, as well as other related data. By having all product data in one place, businesses can provide customers with accurate and up-to-date information quickly and efficiently.
- Continuously Growing Retail Sector -A total of 28 trillion dollars is expected to be spent on retail in 2023 worldwide. By providing a single platform for retailers and brands to manage their product inventory, PIM frameworks increase efficiency and reduce costs associated with managing product information. Additionally, PIM frameworks can optimize product postings for each sales channel, which further increases both efficiency and sales.
- Increasing Demand for Product Data Analysis And Management - Product data is increasingly used by companies to understand customer needs, develop marketing campaigns, create complex attribute models, enhance operational efficiency, and develop multiple product hierarchies. This requires managing and analyzing product data, which drives the need for PIM solutions that automate this process.
Challenges
- Risks associated with data security and privacy - As companies move more of their operations on cloud server, they are exposed to potential security and privacy breaches that could lead to significant financial and reputational losses. This has made companies more cautious about investing in product information management solutions.
- Lack of awareness about the benefits of product information management solutions
- Increasing competition from other software solutions, making it difficult for companies to differentiate their products
Product Information Management Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
11.7% |
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Base Year Market Size (2024) |
USD 12.45 billion |
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Forecast Year Market Size (2037) |
USD 52.46 billion |
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Regional Scope |
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Product Information Management Segmentation
Deployment (On-premise, Cloud)
An estimated 54% of the market is set to be captured by the on-premise segment by 2037. There is a growing demand for integrated customer experiences, a growing need for efficient product information management, and an increasing adoption of enterprise-wide solutions for product information management. The need to customize products and services is growing as customers become more informed and demanding. A business's ability to control data and processes is increased with on-premise solutions.
Enterprise Size (Large Enterprises, Small & Medium-Sized Enterprises)
Product information management market from the large enterprises segment is set to gain a significant share of about 53% in the year 2037 benefitting from the increasing trend of digital transformation across the world. Furthermore, enterprises are willing to invest more in PIM solutions due to the growing demand for better customer experience, faster time-to-market, and better operational efficiency. These solutions enable companies to manage their vast amount of product-related data in one central location and ensure that this data is accurate and up to date.
Our in-depth analysis of the market includes the following segments:
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Offering |
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Deployment |
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Enterprise Size |
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End User |
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Customize this ReportGlobal Product Information Management Industry Regional Synopsis
North America Market Forecast
In North America, the product information management market is predicted to account for 35% share by 2037. In the region, there are many well-established companies with highly developed IT infrastructures that invest heavily in PIM technologies. In the United States, private investment in computers & software is estimated to be worth USD 1270 billion. The region also has an increasing demand for digital products such as e-books, software, and web-based applications, and the need to manage product information across multiple channels, driving the demand for PIM solutions.
Asia Pacific Market Analysis
The Asia Pacific product information management sector to register a share of about 27% by 2037. The region continues to focus on digital transformation initiatives and is becoming more aware of the benefits of PMS. In 2022, 16% of Chinese companies made decisive investments in adopting and scaling digital technologies, indicating steady progress in digital transformation. A report predicts that digital transformation spending in India will amount to USD 84 billion by 2026. The increasing use of digital platforms in the region has necessitated the need to store and manage product information. PMS enables companies to easily organize, store, and access product data.
Top Featured Companies Dominating the Global Product Information Management Market
- Akeneo
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Informatica LLC
- Riversand Technologies, Inc.
- SAP SE
- Salsify Inc.
- Pimcore
- IBM Corporation
- Aprimo
- Magnitude Software
- Inriver
In the News
- A new data importer, Pimcore X, was introduced by Pimcore. Several innovative technologies are implemented in Pimcore to enable clients' digital applications to access and update data to be managed in Pimcore with the assistance of many innovative technologies, such as REST or GraphQL.
- New cloud-based product information management solution (PIM) SAP Product Content Hub has been announced by SAP SE. SAP Product Content Hub allows companies to integrate their product content across their different departments and channels, streamlining the process of creating, managing, and distributing product information.
Author Credits: Abhishek Verma
- Report ID: 4992
- Published Date: May 09, 2025
- Report Format: PDF, PPT
