Catalog Management System Market Size, Trends, overview And Mergers Outlook By 2033

The new report published by The Business Research Company, titled "Catalog Management System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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.

Contents of the report:
1. Executive Summary
2. Catalog Management System Market Report Structure
3. Catalog Management System Market Trends And Strategies
4. Catalog Management System Market - Macro Economic Scenario
5. Catalog Management System Market Size And Growth
…..
27. Catalog Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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