Market Share of Product Information Management Industry
The product information management market is highly competitive due to the presence of regional and international players. The market is concentrated, with players adopting strategies like mergers and acquisitions and product innovations to maintain their position in the market, which holds an intense rivalry among the competitors. Some of the recent developments in the market are:
- February 2023: Lumavate launched its product information management (PIM) solution. Marketers can easily create and manage their product data and digital assets in a centralized location using Lumavate's PIM.
- February 2023: Akeneo announced the availability of its Akeneo Product Information Management (PIM) solution on SAP Store, the online marketplace for SAP and partner offerings. Akeneo PIM is based on the SAP Business Technology Platform and integrates with SAP Commerce Cloud to provide compelling customer experiences that increase conversion and decrease returns.
Product Information Management Market Leaders
IBM Corporation
Informatica LLC
Riversand Technologies, Inc.
SAP SE
Salsify Inc.
*Disclaimer: Major Players sorted in no particular order
