DUBLIN–(BUSINESS WIRE)–The “Global Catalog Management System Market Size, Share & Trends Analysis Report by Type (Product Catalog, Service Catalog), Component (Solution, Service), Deployment Type, Organization Size, Vertical, Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global catalog management system market size is projected to reach USD 9.3 billion by 2028, expanding at a CAGR of 12.5% over the forecast period.
Companies Mentioned
- Amdocs
- Broadcom Inc.
- Coupa Solution
- Fujitsu Limited
- International Business Machine Corporation
- Oracle Corporation
- SAP SE
- Salsify
- ServiceNow
- Zycus Inc.
The growing demand from consumers for products such as fashion and apparel and wearable devices, rising internet usage, and increasing smartphone penetration across the globe are some of the factors anticipated to provide lucrative growth opportunities for catalog management solutions over the forecast period.
The outbreak of the COVID-19 pandemic has positively impacted the overall market growth owing to digitalization, changing customer preferences, and increased screen time. Small, medium and large enterprises have opted for the work-from-the-home working model to provide a safe working environment for their employees, which has resulted in spending more time on the internet and browsing e-commerce websites. Furthermore, various individuals mainly resort to online purchasing from e-commerce websites, subsequently driving the demand for catalog management systems.
Professional services help companies mitigate security gaps and develop security measures for the effective implementation of catalog management systems. The benefits offered by professional services consist of increased profitability, limited administrative expenses, and increased utilization of resources. Furthermore, professional services help boost workforce management by increasing efficiency through better planning, increased collaboration, and integrated knowledge management.
Catalog Management System Market Report Highlights
- The solution segment is expected to dominate the market over the forecast period owing to the continued adoption of these systems by various small and large enterprises across the globe. The segment is expected to reach USD 5.8 billion by 2028
- The managed service segment is anticipated to expand at the highest CAGR of 14.3% over the forecast period
- The cloud segment is expected to dominate the market over the forecast period and reach USD 6.1billion by 2028
- The small and medium enterprise segment is expected to dominate the market over the forecast period and reach USD 5.2 billion by 2028
- The retail and e-commerce segment is anticipated to expand at the highest CAGR of 13.4% over the forecast period owing to the growing preference among individuals for online purchases from e-commerce websites
- North America is projected to account for the largest market share over the forecast period. The regional market is anticipated to reach USD 3.9 billion by 2028 driven by the presence of several prominent players in the region and the rapid adoption of technologically advanced solutions
Key Topics Covered:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Catalog Management System Market Variables, Trends, and Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Business Environment Analysis Tools
3.4.1. Industry Analysis – Porter’s Five Forces Analysis
3.4.2. PEST Analysis
3.5. Key Company Analysis, 2020
3.6. Impact of COVID-19 on Catalog Management System Market
Chapter 4. Catalog Management System Market: Type Outlook
4.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 – 2028 (USD Million)
4.1.1. Product Catalog
4.1.1.1. Market estimates and forecasts by region, 2018 – 2028 (USD Million)
4.1.2. Service Catalog
4.1.2.1. Market estimates and forecasts by region, 2018 – 2028 (USD Million)
Chapter 5. Catalog Management System Market: Component Outlook
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 – 2028 (USD Million)
5.1.1. Solution
5.1.1.1. Market estimates and forecasts by region, 2018 – 2028 (USD Million)
5.1.2. Service
5.1.2.1. Market estimates and forecasts by region, 2018 – 2028 (USD Million)
5.1.2.2. Professional Service
5.1.2.3. Managed Service
Chapter 6. Catalog Management System Market: Deployment Type Outlook
Chapter 7. Catalog Management System Market: Organization Size Outlook
Chapter 8. Catalog Management System Market: Application Outlook
Chapter 9. Catalog Management System Market: Regional Outlook
Chapter 10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/cp82aa
