Product Information Management Software Statistics 2024


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As we navigate the dynamic landscape of modern business, the significance of product information management (PIM) software cannot be overstated. In 2024, PIM solutions are pivotal in streamlining the organization, storage, and distribution of product data. Understanding the statistics surrounding this rapidly advancing technology is crucial for grasping its transformative impact on business operations and customer engagement. This data not only unravels trends and shifts within the industry but also highlights the evolving needs and preferences of consumers, making it indispensable for companies seeking to stay competitive.

Key stakeholders, including business leaders, IT professionals, marketers, and supply chain managers, will find the statistics on PIM software particularly valuable. These insights reveal how industry giants leverage PIM tools to enhance data accuracy, reduce time-to-market, and improve customer experience. Moreover, the growing reliance on e-commerce and digital marketplaces underscores the critical role PIM software plays in maintaining a seamless and efficient product lifecycle, thus directly influencing business success and industry standards.

By delving into these statistics, decision-makers can pinpoint emerging trends and tailor their strategies to leverage PIM software effectively. In an era where informed decision-making and adaptability are paramount, the forthcoming data promises to equip stakeholders with the knowledge necessary to navigate the complexities of product data management and propel their businesses forward.

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Top Product Information Management Software Statistics 2024

☰ Use “CTRL+F” to quickly find Product Information Management Software facts. There are total 106 Product Information Management Software Statistics on this page πŸ™‚


Company Overview

  • Trinity Packaging Supply is a 13-year-old company with annual revenue of $100 million. [?]
  • 1600+ brands, world-class retailers, brand manufacturers, and industrial manufacturers rely on inriver digital-first product information management (PIM). [2]
  • The Product Information Management Market size is estimated at USD 15.62 billion in 2024 and is expected to reach USD 31.98 billion by 2029, growing at a CAGR of 15.41% during the forecast period (2024-2029). [4]
  • North America was the largest region in the product information management market in 2023. [9]
  • Asia-Pacific is expected to be the fastest-growing region in the forecast period. [9]
  • The global product information management market size was valued at USD 3.67 billion in 2023. [10]
  • The market is projected to grow from USD 4.47 billion in 2024 to USD 20.66 billion by 2032, exhibiting a CAGR of 21.1% during the forecast period. [10]
  • The global product information management market size is projected to grow from $4.47 billion in 2024 to $20.66 billion by 2032, at a CAGR of 21.1%. [10]
  • The global product information management market size was estimated at USD 11.49 billion in 2023 and is projected to grow at a CAGR of 16.7% from 2024 to 2030. [11]
  • The product information management market in the U.S. is expected to grow at the fastest CAGR of 17.5% during the forecast period. [11]
  • In 2024, the Product Information Management Market size is expected to reach USD 15.62 billion. [13]
  • Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). [13]
  • The product information management market size is projected to be worth US$ 6,570.50 million in 2024. [12]
  • The product information management market is likely to reach US$ 45,034.70 million by 2034. [12]
  • The product information management market is further expected to surge at a CAGR of 21.20% during the forecast period 2024 to 2034. [12]
  • The global product information management market size was valued at USD 14.45 billion in 2023 and it is projected to surpass around USD 92.49 billion by 2033 with a CAGR of 20.4% from 2024 to 2033. [16]
  • The U.S. product information management market size was estimated at USD 3.81 billion in 2023 and is predicted to be worth around USD 25.79 billion by 2033, at a CAGR of 21.1% from 2024 to 2033. [16]
  • North America dominated the market with the highest revenue share in 2023. [16]
  • The global product information management market size was valued at USD 15.29 billion in 2021. [19]
  • It is projected to reach USD 124.176 billion by 2030, growing at a CAGR of 26.2% during the forecast period (2022-2030). [19]

Market Trends And Drivers

  • With the impact of the COVID-19 pandemic, e-commerce has significantly grown, indicating growth and adoption of PIM solutions. [4]
  • Product performance analytics should be a top priority for any online business in 2024. [5]
  • Digital assets such as visual elements like images, videos, technical drawings, 3D models, and 360-degree views are crucial for consumer engagement. [6]
  • The global B2B e-commerce market is now five times larger, valued at $20.4 trillion in 2022. [8]
  • The COVID-19 situation forced many small companies to go online and accelerate digital transformation. [10]
  • The Product Information Management Market is projected to grow at a CAGR of 21.1% over the forecast period (2024-2032). [10]
  • The global product information management market size is projected to grow at a CAGR of 21.1% from 2024 to 2032. [10]
  • The growing demand for centralized data management tools and better customer service are key market drivers. [13]
  • The increasing data breaching cases are a market restraint. [13]
  • The cloud-based PIM solutions segment is projected to witness the highest growth, with a CAGR of 13% from 2021 to 2028. [17]
  • The adoption of AI and machine learning capabilities in PIM solutions is increasing, with an expected market penetration of 25% by 2028. [17]

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Key Companies And Acquisitions

  • In January 2021, inRiver, a Sweden-based product information management company, acquired Detail Online for an undisclosed amount. [9]
  • In June 2022, Jasper Commerce, Inc., a Canada-based PIM software company, launched the latest Jasper PIM SaaS solution featuring digital asset management (DAM) capability for enterprise customers. [9]
  • In December 2023, Akeneo expanded its U.S. business by more than doubling its size, acquiring an AI platform company and appointing new executives. [10]
  • In November 2023, Stibo Systems and CommerceIQ formed a strategic partnership to enhance PIM with digital shelf analytics. [10]
  • In February 2023, MikMak acquired Swaven, an eCommerce enablement and analytics software company, expanding its offerings. [10]
  • In October 2022, Agilis and SpecialChem launched ionicPIM, a cloud-based product information management system for the chemical industry. [10]
  • In January 2021, inRiver, a Sweden-based product information management company acquired Detail Online for an undisclosed amount. [9]
  • In March 2024, N Brown launched a new PIM system to enhance the customer experience by providing better product descriptions, including sizing, fabric information, and fit. [10]
  • In April 2023, Image Relay launched Marketing Delivery, a platform that integrated product information management with digital asset management. [10]
  • In February 2022, Syndigo entered into a partnership with Ariser to deliver enterprise PIM and MDM solutions to the clients to boost the enterprise data management capabilities by providing a better customer experience. [10]
  • In January 2021, inRiver, a Sweden-based product information management company acquired Detail Online for an undisclosed amount. [9]
  • In November 2022, Propel Software launched product information management (PIM) as its solution. [11]
  • In April 2023, Image Relay launched a single-source product information and digital assets solution, Marketing Delivery. [11]
  • In March 2022, Akeneo launched its Akeneo App Store, including a wide range of categories such as syndication, data enrichment, and product catalog publishing as a part of their new product features and various benefits debuting in Spring 2022 release. [18]
  • In July 2021, Pimcore introduced its Pimcore X, an advanced data importer. [18]
  • In January 2021, inRiver, a Sweden-based product information management company acquired Detail Online for an undisclosed amount. [9]

Growth Statistics

  • The product information management market size was valued at USD 12.2 billion in 2023 and is estimated to register a CAGR of over 13% between 2024 and 2032. [14]
  • The global product information management market size was valued at USD 14,116.05 million in 2022. [15]
  • The market is projected to expand at a compound annual growth rate (CAGR) of 12.03% during the forecast period, reaching a staggering value of USD 27,903.28 million by 2028. [15]
  • The global product information management market size was valued at USD 14.45 billion in 2023 and it is projected to surpass around USD 92.49 billion by 2033 with a CAGR of 20.4% from 2024 to 2033. [16]
  • The product information management market size is projected to be worth US$ 6,570.50 million in 2024. [12]
  • The market is likely to reach US$ 45,034.70 million by 2034. [12]
  • The market is further expected to surge at a CAGR of 21.20% during the forecast period 2024 to 2034. [12]
  • The product information management market size was estimated to be USD 11.32 Billion in 2023 and is projected to reach USD 23.4 Billion by 2031, growing at a CAGR of 9% from 2024 to 2031. [20]
  • The global product information management market was valued at USD 10.98 billion in 2021 and is expected to grow at a CAGR of 14.53% during the forecast period. [18]
  • The global product information management market size was valued at USD 15.29 billion in 2021. [19]
  • It is projected to reach USD 124.176 billion by 2030, growing at a CAGR of 26.2% during the forecast period (2022-2030). [19]
  • The global product information management market size was valued at USD 3.67 billion in 2023. [10]
  • The market is projected to grow from USD 4.47 billion in 2024 to USD 20.66 billion by 2032, exhibiting a CAGR of 21.1% during the forecast period. [10]
  • The global product information management market size is projected to grow from $4.47 billion in 2024 to $20.66 billion by 2032, at a CAGR of 21.1%. [10]
  • The global product information management market size was estimated at USD 11.49 billion in 2023 and is projected to grow at a CAGR of 16.7% from 2024 to 2030. [11]
  • The product information management market in the U.S. is expected to grow at the fastest CAGR of 17.5% during the forecast period. [11]
  • In 2024, the Product Information Management Market size is expected to reach USD 15.62 billion. [13]
  • Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). [13]

Software And Technology

  • EnterWorks provides a 360-degree solution for the onboarding, cleansing, synchronization, and publication of product data. [7]
  • In November 2022, Propel Software launched product information management (PIM) as its solution. [11]
  • In April 2023, Image Relay launched a single-source product information and digital assets solution, Marketing Delivery. [11]
  • EnterWorks provides a 360-degree solution for the on-boarding, cleansing, synchronization, and publication of product data. [7]
  • In March 2024, N Brown launched a new PIM system to enhance the customer experience by providing better product descriptions, including sizing, fabric information, and fit. [10]
  • In February 2022, Syndigo entered into a partnership with Ariser to deliver enterprise PIM and MDM solutions to the clients to boost the enterprise data management capabilities by providing a better customer experience. [10]
  • According to Flexera 2020 State of the Cloud Report, 93% of projects are adopting a multi-cloud approach and 87% are adopting a hybrid cloud strategy. [10]
  • Additionally, 20% of organizations spend more than USD 12 billion annually on the public cloud, and 59% expect the COVID-19 situation to push cloud usage beyond previous plans. [10]
  • In October 2022, Agilis and SpecialChem launched ionicPIM, a cloud-based product information management system for the chemical industry. [10]
  • In January 2021, inRiver, a Sweden-based product information management company acquired Detail Online for an undisclosed amount. [9]
  • In February 2023, MikMak acquired Swaven, an eCommerce enablement and analytics software company, expanding its offerings. [10]
  • This deal enhanced the shopper experience and provided more advanced analytics through MikMak 3.0, with integrations to its PIM platforms and others. [10]
  • In January 2021, inRiver, a Sweden-based product information management company acquired Detail Online for an undisclosed amount. [9]

Industry Applications

  • Product Information Management Use Case #1: Large or Complex Product Catalog [3]
  • Product performance analytics should be a top priority for any online business in 2024. [5]
  • Digital assets such as visual elements like images, videos, technical drawings, 3D models, and 360-degree views are crucial for consumer engagement. [6]
  • The global B2B e-commerce market is now five times larger, valued at $20.4 trillion in 2022. [8]
  • The COVID-19 situation forced many small companies to go online and accelerate digital transformation. [10]
  • The Product Information Management Market is projected to grow at a CAGR of 21.1% over the forecast period (2024-2032). [10]
  • The global product information management market size is projected to grow at a CAGR of 21.1% from 2024 to 2032. [10]
  • The growing demand for centralized data management tools and better customer service are key market drivers. [13]
  • The increasing data breaching cases are a market restraint. [13]
  • The cloud-based PIM solutions segment is projected to witness the highest growth, with a CAGR of 13% from 2021 to 2028. [17]
  • The adoption of AI and machine learning capabilities in PIM solutions is increasing, with an expected market penetration of 25% by 2028. [17]

Regional Insights

  • North America was the largest region in the product information management market in 2023. [9]
  • Asia-Pacific is expected to be the fastest-growing region in the forecast period. [9]
  • The global product information management market size was valued at USD 3.67 billion in 2023. [10]
  • The market is projected to grow from USD 4.47 billion in 2024 to USD 20.66 billion by 2032, exhibiting a CAGR of 21.1% during the forecast period. [10]
  • The global product information management market size is projected to grow from $4.47 billion in 2024 to $20.66 billion by 2032, at a CAGR of 21.1%. [10]
  • The global product information management market size was estimated at USD 11.49 billion in 2023 and is projected to grow at a CAGR of 16.7% from 2024 to 2030. [11]
  • The product information management market in the U.S. is expected to grow at the fastest CAGR of 17.5% during the forecast period. [11]
  • In 2024, the Product Information Management Market size is expected to reach USD 15.62 billion. [13]
  • Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). [13]
  • The product information management market size is projected to be worth US$ 6,570.50 million in 2024. [12]
  • The market is likely to reach US$ 45,034.70 million by 2034. [12]
  • The market is further expected to surge at a CAGR of 21.20% during the forecast period 2024 to 2034. [12]
  • The global product information management market size was valued at USD 14.45 billion in 2023 and it is projected to surpass around USD 92.49 billion by 2033 with a CAGR of 20.4% from 2024 to 2033. [16]
  • The U.S. product information management market size was estimated at USD 3.81 billion in 2023 and is predicted to be worth around USD 25.79 billion by 2033, at a CAGR of 21.1% from 2024 to 2033. [16]
  • North America dominated the market with the highest revenue share in 2023. [16]
  • The global product information management market size was valued at USD 15.29 billion in 2021. [19]
  • It is projected to reach USD 124.176 billion by 2030, growing at a CAGR of 26.2% during the forecast period (2022-2030). [19]

Also Read

Sources

  1. b2bea – https://www.b2bea.org/pim/
  2. inriver – https://www.inriver.com/resources/the-big-impact-of-inriver-digital-first-pim/
  3. nansen – https://www.nansen.com/blog/top-5-use-cases-for-product-information-management-pim-in-2021
  4. mordorintelligence – https://www.mordorintelligence.com/industry-reports/product-information-management-market/market-size
  5. woopra – https://www.woopra.com/learn/product-performance-analysis
  6. rightinformation – https://rightinformation.com/blog/what-is-pim-system-product-information-management/
  7. precisely – https://www.precisely.com/resource-center/productsheets/product-information-management-pim
  8. catsy – https://catsy.com/blog/evolution-of-pim/
  9. thebusinessresearchcompany – https://www.thebusinessresearchcompany.com/report/product-information-management-global-market-report
  10. fortunebusinessinsights – https://www.fortunebusinessinsights.com/product-information-management-market-107113
  11. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/product-information-management-pim-market-report
  12. futuremarketinsights – https://www.futuremarketinsights.com/reports/product-information-management-market
  13. mordorintelligence – https://www.mordorintelligence.com/industry-reports/product-information-management-market
  14. gminsights – https://www.gminsights.com/industry-analysis/product-information-management-market
  15. apimio – https://apimio.com/product-information-management-trends-and-predictions/
  16. precedenceresearch – https://www.precedenceresearch.com/product-information-management-market
  17. worldmetrics – https://worldmetrics.org/product-information-management-industry-statistics/
  18. polarismarketresearch – https://www.polarismarketresearch.com/industry-analysis/product-information-management-market
  19. straitsresearch – https://straitsresearch.com/report/product-information-management-market
  20. verifiedmarketresearch – https://www.verifiedmarketresearch.com/product/product-information-management-market/

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