The most recent study conducted by Report Ocean, titled “Global Product Information Management Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Product Information Management . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Product Information Management Market is valued approximately at USD 8.02 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.2 % over the forecast period 2020-2027. Product Information Management comprise of series of processes and tools which assist in centralizing and managing an e-commerce business product information to ensure a simple, accurate view of product data. The product information market will see a rise in demand owing to the popularity of e-commerce platforms, since mobile data penetration and consumer demand has soared, the e-commerce platform has seen a rise in the number of users and hence with it comes the need to manage the data acquired through the customers.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
In a report by United Nations Conference on Trade and Development (UNCTAD), in April 2018, e-commerce sales hit $25.6 trillion globally. With the global expansion of e-commerce platforms, the demand is set to grow exponentially. In June 2020, Winshuttle partnered up with ABBYY, a digital intelligence company to help organizations and businesses in digital transformation, which involves extracting data from physical documents and automatically loading it into SAP.
However, data breaches and data theft has forced the government and the concerned authorities to take strict actions to ensure that companies provide data security hence, companies need to comply with Global Unique Identification Database (GUID), Government e-Marketplace (GeM). These may act as a restraint and hamper the growth of product information management.
The regional analysis of global Fitness Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing reliance upon e commerce platforms to fulfill the demand. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing smartphone and mobile data penetration would create lucrative growth prospects for the Fitness Equipment market across Asia-Pacific region.
Major market player included in this report are: Beyond Meat
Oracle (US)
SAP (US)
IBM (US)
Informatica (US)
Pimcore (Austria)
Akeneo (France)
Inriver (Sweden)
Winshuttle (US)
Riversand (US)
Salsify (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
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By Solution:
Multi-mode,
Single mode
By Deployment Type:
On-premises
Cloud
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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