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PRODUCT INFORMATION MANAGEMENT SOFTWARE (PIM) MARKET ANALYSIS

Product Information Management Software (PIM) Market, by Software (Single Domain Product Information Management Software, and Multi Domain Product Information Management Software), by Services (Managed Services, Professional Services, and Training Services), by Deployment (On-Premises, and Cloud), by End-Use Industry (Banking, Financial Services, and Insurance, Healthcare, IT and Telecom, Manufacturing, Retail, Automotive & Transportation, and Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Product Information Management Software (PIM) MarketSize and Trends

Retailers Are Adopting Product Information Management Software to Shorten New Product Information Cycle

Product information management is majorly used to market the product so that it can reach maximum number of customers. Retailers are majorly seen implementing this software to shorten the time required to promote new products launched in the market through various sales channels such as distributers, e-commerce portals, social media and others by providing accurate product information along with images and other digital media to customers. All this helps in reducing the time required to market the product, owing to which demand for product information management software is expected to grow during the forecasted period (2019-2027). For instance, in October 2019, Verishop, an e-commerce company, announced that they had started implementing product information management software (PIM) solutions to help start-ups scale up the speed of launching their product in the market.

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