Catalog Management Systems market trends
According to Market sand Markets, the global catalog management systems market is likely to grow to USD 1,190.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. The forecast period is from 2018 to 2023, whereas 2017 is the base year for estimating the market study.
Catalog Management System, maintains an up to date product information, pricing, and other digital assets in a consolidated and structured manner to ensure high-quality data across all sales channels. It is an integral part of a business as it holds lists of products on sale, its availability, and delivery.
Catalog Management Software enriches product data by facilitating the editing and modifying product information which is useful for merchants and customers as it helps in managing product data in a single system and offers a rich experience to the customers.
Customer satisfaction has become a primary objective for companies and with the increase in the use of mobile devices across the globe the adoption of mobile apps, social media, and digital channels has made it more transparent. These channels maintain engagement between customers and retail or e-commerce. Therefore, strategizing customer engagement channels has become important. SMEs and large enterprises are opting for the latest technologies and services to principally manage product details, payment systems, and inventory. Catalog management software offers a centralized view of the product data required for supply chain optimization and search engine optimization. The incorporation of the latest technologies such as artificial intelligence (AI), machine learning (ML), and other analytics are intended to further enhance the catalog management solution capabilities, thereby offering significant growth feasibility to the catalog management market.
Catalog Management Market is divided based on certain factors like region, end-user industry, and cloud deployment.
The regional analysis of the global Catalog Management System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East. North America is the leading region across the world in terms of market share as it holds large manufacturing units and adopts technology faster contributing to the growth of CMS.
The end-user industry is classified into retail, e-commerce, media & entertainment, BFSI, IT & telecom, and others. The retail segment is likely to continue to flourish in the catalog management market between 2018 and 2026, followed by the e-commerce segment. The evolution of the digital transformation in retail and e-commerce sectors is paving ways for the entry of new players in the catalog management market. Based on organization size, the catalog management market has been segmented into small & medium enterprises (SMEs) and large enterprises.
The cloud software segment is expected to grow at the highest CAGR over the forecast period. The cloud deployment model is mostly acquired by organizations that either want reduced customized solutions or fast implementation in less operational costs. The prominent players operating in the global catalog management market are SAP SE, IBM Corporation, Fujitsu Limited, Salsify, Inc., Sigma Systems, Coupa Software Inc., and GEP.
The Catalog Management Systems Market report confirms the future market predictions related to market size, revenue, production, consumption, gross margin, and other substantial components. It also analyzes the role of the eminent market players involved in the industry including their corporate overview.
Market Scope of the Report
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
By Deployment Type
By Industry Vertical
- IT and Telecom
- Retail and e-Commerce
- Media and Entertainment
- Travel and Hospitality
- Others (Government, Healthcare, and Energy and Utilities)
- North America
- Latin America
Top players operating in Catalog Management Systems Market Research Report:
- Coupa Software
- CA Technologies
- Proactis and Salsify
The report provides a comprehensive evaluation of the market. It analyzes all the factors and fundamental capacities hence map a competitive scenario for the market. The study report offers a valuable insight with significance on the global market including some of the major players such as IBM, Oracle, Coupa Software, AP, Servicenow, CA Technologies, Fujitsu, Comarch, Proactis and Salsify.
Key Points of the Report
- The detailed market analysis
- Growth in region segments
- Geographical Analysis
- High growth rate
- Competitive landscape including major market players
- Overview of company insights
- Change in marketing dynamics
- Current market trends
Various brands offering a huge variety of products on different channels find it difficult to manage the inventory and product data. The objective of the Catalog Management System is to simplify workflow, manage product information, and streamline the whole process in a single central repository. This system gathers and analyzes information from the previous and current sources to provide a detailed overview report.
The details of manufacturers’ data, including shipment, price, revenue, gross profit, business distribution, etc are incorporated in the Catalog Management System market report. This report also includes all the regions and countries of the world, which shows a regional development status, including market size, volume, value, and price data. Thus helps the consumers to understand the competitors better.
Subscribe to our blog and stay updated!