Catalog Management System Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033 | SAP SE, Oracle Corporation, Salsify Inc., ServiceNow Inc., Broadcom Inc.

The catalog management system market size has grown steadily in recent years. It will grow from $2.79 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to increased product complexity, regulatory compliance, customer expectations for personalization, efficiency and automation needs, multi-channel selling.

The catalog management system market size is expected to see steady growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to dynamic pricing strategies, subscription commerce models, rich media and video content management, environmental social, and governance (esg) considerations, pim and cms convergence.. Major trends in the forecast period include multi-cloud cms deployments, voice commerce optimization, collaboration tools integration, subscription commerce models, content ai for automated tagging, continuous content delivery..

Market Overview -
The catalog management system refers to the software that consolidates and structures data of e-commerce products into a single, digital point of reference, which includes catalogs for both buyer and the merchant. It enables brand suppliers to deliver quality product data across a full catalog in a buyer's required format.

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E-Commerce Industry's Demand Boosts Catalog Management System Market
The increase in demand from the e-commerce industry for catalog management solutions is expected to drive the growth of the catalog management system market going forward. Catalogs are a list of items, organized into different groups for different purposes. Catalog management refers to the process of keeping the product database structured, organized, and updated across all online sales channels. As people's movement was restricted owing to lockdowns, there was a surge in demand for online products, causing the e-commerce sector's growth to accelerate, resulting in a shift toward catalog management solutions. For instance, according to the Springbord, a US-based information service provider, Global e-commerce sales accounted for almost $26.7 trillion in online sales in 2020, with online retail sales increasing by 32.4% year over year in 2020, and by 39% in Q1 2021. Therefore, the increasing demand for catalog management solutions in the eCommerce industry drives the catalog management system market growth.

Competitive Landscape -
Major companies operating in the catalog management system market report are International Business Machines Corporation, SAP SE, Oracle Corporation, Salsify Inc., Coupa Software India Pvt. Ltd., ServiceNow Inc., Proactis Holdings Limited, Broadcom Inc., Fujitsu Limited, Comarch SA, Zycus Inc., GEP Worldwide, Telefonaktiebolaget LM Ericsson, Amdocs Limited, Episerver Inc., Hansen Technologies Limited, Vinculum Inc., Claritum Limited, EJeeva Technologies Pvt. Ltd., SunTec Business Solutions Pvt. Ltd., Plytix. com Inc., Mirakl Inc., Sellercloud Inc., Vroozi Inc., CatBase Publishing Systems Ltd., Akeneo SAS, nChannel Inc., Contalog, Sales Layer S. L., Hubwoo Inc., Pinnacle Cart (Actinic), Sigmento Inc.

Enhancing Catalog Management Systems With Ai And Automation
Artificial intelligence and automation have emerged as a key trend gaining popularity in catalog management systems. The catalog management system is a process that enables brand suppliers to deliver quality product data across a full catalog. Artificial intelligence and automation are approaches and theories that are used to construct computers that can simulate intelligence. The catalog system's AI and automation improve product tagging, description, visualization, catalog insights, and other features. For instance, according to Vue.ai, a U.S.-based end-to-end retail automation platform, catalog system AI and automation improvements have resulted in a 51% increase in accuracy for better search and discovery, a 75% reduction in traditional photoshoot costs, a 40% increase in conversion rate, and a 30% increase in unique product views in 2021.

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Key Segments -
The catalog management system market covered in this report is segmented -
1) By Type: Product Catalogs, Service Catalogs
2) By Component: Solutions, Services
3) By Deployment Type: On-Premises, Cloud
4) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
5) By Vertical: BFSI, Retail and eCommerce, Telecom, IT, Media and Entertainment, Travel and Hospitality, Other Verticals

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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