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Catalog Management Systems Market by Component, Deployment Type, Organization Size, Industry Vertical And Region - Global Forecast to 2023

Catalog Management Systems Market: Global Forecast until 2023

  • August 2018
  • 150 pages
  • ID: 5483355
In this report:
The retail and eCommerce industry vertical is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at the highest CAGR of ##.##% during the forecast period.
North America is projected to account for the largest market size and is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.


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A increasing need to present consistent product information for meeting the dynamic requirements of customers is predicted to push the catalog management systems market

The overall catalog management systems market size is forecasted to grow from $846.60M in 2018 to $1190.00M by 2023, at a Compound Annual Increase rate of 7.00 percent during the forecast period. The indispensable requirement to have centrally managed product and service data will be a main increase driver of the market. With ever-changing customer requirements, a robust catalog management system benefits companies in presenting consistent product information to its customers and aim toward providing a positive customer experience. Another factor driving the rise of the catalog management market is growing number of digital transformation initiatives in the retail and eCommerce sector vertical. On the other hand, prevailing data security apprehensions and lack of awareness about the functionalities and profits associated to catalog management systems could hinder the increase of catalog management system market.

Solution segment to hold a larger market size during the outlook period

The solution segment is forecasted to hold a larger market size in 2018.Catalog management systems solution benefits firms save time and money when it comes to organizing and managing product information.

An rising need to streamline selling processes will drive the adoption of catalog management solution across industry verticals. Nevertheless, the services segment would grow at a better compound annual growth rate, as institutions are focusing on reducing operational costs and providing positive customer experience.

Cloud deployment type to grow at a better compound annual growth rate during the estimate period

In the catalog management systems market, the cloud deployment model would grow at a better compound annual growth rate during the outlook period.Top factors contain enhanced security features, interactive dashboards, ease of flexibility, and better scalability could encourage companies across the world to take the cloud deployment.

Furthermore, the cloud-based deployment model affords higher agility than the on-premises deployment model.

Asia Pacific (APAC) to be the fastest growing area during the estimate period

Asia-Pacific is anticipated to be the fastest growing area in the overall catalog management systems market during the outlook period.Quick economic developments, globalization, digitalization, and the increased adoption of cloud-based technologies are forecast to steer the catalog management systems market in the Asia-Pacific regions.

The increasing need for cost optimization and effective utilization of IT infrastructures is anticipated to propel the industry demand for catalog management systems solution and its associated services.

In the process of finding out and checking the total market size, various segments and sub-segments were gathered through secondary research and extensive primary audit sessions were managed with main people. The breakdown of the profiles of the primary participants is like:

• By Organization: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-level - 25.0 percent, and Others - 40.0 percent

• By Area: North America continent - 40.0 percent, Europe (EU) - 28.0 percent, Asia-Pac - 25.0 percent, RoW - 7.0 percent

The catalog management systems ecosystem comprises service and solution providers, including IBM (NYSE:IBM), SAP SE (SAP), Oracle Corporation (NYSE:ORCL), CA Technologies, Coupa Software, ServiceNow, Proactis, Fujitsu (TYO:6702), Comarch, Zycus, GEP, Insite Software, Plytix, Vroozi, Salsify, Mirakl, Ericsson (NASDAQ:ERIC), SellerCloud, Sigma Systems, Vinculum, Claritum, eJeeva, SunTec, cellent, and Amdocs.

Segment Research

The study includes detailed competitive review of main actors in the catalog management systems market, with their company descriptions, recent evolutions, and key industries strategies. The research document breaks down the catalog management systems market by component, deployment type, organization size, sector vertical, and area.

Reasons to Buy the Report

The catalog management systems market report segments market by component, deployment type, organization size, market vertical, and area. The analysis would benefit industry top players/new sector entrants in this sector in these ways:

1. The document breaks down the catalog management systems market comprehensively and offers the best approximations of the revenue data for the global market segments and sub-segments. The industry numbers are further split across distinct industry verticals and localities.

2. The market research benefits partners distinguish the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report benefits partners comprehend their players better and acquire additional insights to enhance the position of their businesses. There is a separate division on the competitive landscape, including competitor ecosystems, and mergers and acquisitions. Also, there are company profiles of main vendors offering catalog management systems solution and services.

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