In a recently published report, Product Information Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Product Information Management Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Product Information Management Market is valued approximately at USD 8.02 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.2 % over the forecast period 2020-2027. Product Information Management comprise of series of processes and tools which assist in centralizing and managing an e-commerce business product information to ensure a simple, accurate view of product data. The product information market will see a rise in demand owing to the popularity of e-commerce platforms, since mobile data penetration and consumer demand has soared, the e-commerce platform has seen a rise in the number of users and hence with it comes the need to manage the data acquired through the customers.
In a report by United Nations Conference on Trade and Development (UNCTAD), in April 2018, e-commerce sales hit $25.6 trillion globally. With the global expansion of e-commerce platforms, the demand is set to grow exponentially. In June 2020, Winshuttle partnered up with ABBYY, a digital intelligence company to help organizations and businesses in digital transformation, which involves extracting data from physical documents and automatically loading it into SAP. However, data breaches and data theft has forced the government and the concerned authorities to take strict actions to ensure that companies provide data security hence, companies need to comply with Global Unique Identification Database (GUID), Government e-Marketplace (GeM). These may act as a restraint and hamper the growth of product information management.
The regional analysis of global Fitness Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing reliance upon e commerce platforms to fulfill the demand. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing smartphone and mobile data penetration would create lucrative growth prospects for the Fitness Equipment market across Asia-Pacific region.
Major market player included in this report are: Beyond Meat
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment Type:
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Product Information Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
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