Catalog Management Systems Market Analysis and Global Forecast (2022-2030) with COVID Impact Analysis

Name: Catalog Management Systems Market Analysis and Global Forecast (2022-2030) with COVID Impact Analysis
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The global Catalog Management Systems market size is projected to reach approximately $1.9 Billion by 2030, at a CAGR of 10.6% from 2022 to 2030.
Report Code: EB_ICT | Page: 150 | Published Date: Upcoming

Categories: Food & Beverage, Information and Communication Technology, Information and Communication Technology ICT (CI) Tags: Catalog Management Systems Analysis, Catalog Management Systems Companies, Catalog Management Systems Forecast, Catalog Management Systems Growth, Catalog Management Systems Industry, Catalog Management Systems Restraints, Catalog Management Systems Share, Catalog Management Systems Size, Catalog Management Systems Trends

Description

The global Catalog Management Systems market size is projected to reach approximately $1.9 Billion by 2030, at a CAGR of 10.6% from 2022 to 2030. A Catalog management system is designed to help with designing and editing catalogs, which allows for accurate pricing of the products available. It is used to maintain the product information in a structured and organized manner, which helps customers and channel partners understand the product benefits. At the moment, there’s a range of new items being released by brands and due to their short lifecycle, they are very dependent on various channels. Firms find it hard to maintain the integrity of item data across all platforms and channels. Catalogs are an important part of any business because they present a list of products that are available for sale and provide useful information on how to order the product.

COVID-19 Impact Analysis

The pandemic has had a positive impact on the Catalog Management Systems market. COVID-19 has contributed greatly to the digital transformation that has occurred in several industries, including retail and eCommerce, telecom, and media and entertainment. These solutions can quickly provide a snapshot of products in a channel, capture and upload data, and map it to customer needs. Systems also help in verifying, enriching, and augmenting data in real-time. They automate the creation of product catalogs using data from multiple sources to improve product assortment. As a result, they are faster at syndicating information across channels and reduce the need for manual labor to a great extent.

Market Dynamics

The Catalog Management Systems market is expected to witness growth due to various factors. There is a growth of people using mobile apps, social media, and digital channels which has increased the level of engagement in retail and e-commerce. Furthermore, the demand for more efficient catalog management is rising as companies focus on reducing operational costs and streamlining selling processes. This will drive market growth during the forecast period.

Drivers

⮚ Increased Adoption of Catalog Management Systems in the E-Commerce Industry

The internet has enabled many businesses to grow their customer base. With more consumers having access to the internet and more people owning smartphones, the eCommerce industry is forecasted to maintain its rapid growth. The e-Commerce industry is rapidly growing in countries like the Philippines, Mexico, India & China. Catalog management reduces service delivery costs, improves customer experience, makes employees more efficient, and increases business productivity. Catalog management systems offer customers a better shopping experience by providing comprehensive information on all the products. These benefits not only give time to focus on other important aspects of the business but also help automate updates on eCommerce platforms.

Restraint:

Lack of Proper Knowledge of the Data Security and Privacy Issues of Catalog Management Systems

Concerns about data security are what have prevented the majority of companies from adopting catalog management solutions. Users do not often use these solutions because they are worried about losing their important data as a result of errors occurring during compilation or upgrade. Users feel the level of security for their data is insufficient and that the company would potentially not take responsibility for any data thefts or losses. Users are also increasingly worried about the potential loss of their data’s authenticity.

Opportunity:

⮚ Use of Artificial Intelligence and Machine Learning to Improve Customer Experience

Organizations across industries such as healthcare, retail, and financial services are investing in new techs like AI and ML to grow and stay ahead of the competition. AI catalog management provides automatic product classification, anomaly detection, enrichment of the catalog through the selection of trusted data sets, scoring products, and contextual recommendations. ML catalog management solutions help businesses in ensuring data compliance, driving digital transformation, and improving operational efficiency. By sensing upcoming data quality issues and suggesting appropriate solutions for them, these solutions can reduce the need for expensive clean-up tasks that would otherwise be necessary. IBM is one of the companies that offer machine learning-enabled catalog management solutions.

Segment Overview

By Type

Based on the Type, the Catalog Management Systems market is segmented based on Product Catalogs and Service Catalogs. The Product Catalog segment is anticipated to account for the large market share. The penetration of e-commerce websites and online retail stores has allowed users to shop for their desired products under one application. The segment growth can be attributed to the increasing penetration of these websites and stores. The Service Catalog segment is anticipated to expand at the highest CAGR. This expansion can be attributed to the increasing demand for post-purchase services of tangible products.

By Component

Based on the Component, the Catalog Management Systems market is segmented based on Solutions and Services. The Solution segment is anticipated to account for the large market share as it is a broader solution that covers most of the needs of any company. Solutions provide the core components needed to run a Catalog Management System (CMS).

By Deployment Type

Based on Deployment Type, the global Catalog Management Systems market has been divided into Cloud and On-Premises. The Cloud segment is expected to hold the largest market share owing to the cost-effectiveness and scalability of cloud solutions. Large enterprises often choose to adopt the on-premises model, because they have a higher budget allowance that can be used to buy catalog management software. Some SMEs find it difficult to get the necessary funding for the same.

By Organization Size

Based on Organization Size, the global Catalog Management Systems market has been divided into Large Enterprises and SMEs. The SMEs segment is expected to hold the largest market share due to the rising adoption of cloud-based systems. SMEs often lack the budget and resources to conduct effective marketing operations. These enterprises face greater challenges with limited budgets in comparison to large companies. They need better methods to tackle complex issues and optimize their process costs.

By Vertical

Based on Vertical, the global Catalog Management Systems market has been divided into IT and Telecom, Retail and e-Commerce, BFSI, Media & Entertainment, Travel, and Hospitality. The Retail and e-Commerce segment is expected to hold the largest market share. Retail and eCommerce have been experiencing a boom because of the adoption of various digital strategies that meet the growing needs of consumers. Today, customers expect rich and consistent product information. That is why catalog managers ensure the quality of product data across all sales channels for the organization.

Global Catalog Management Systems Market Share, by Segmentation

Regional Analysis

Based on region, the global Catalog Management Systems market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to dominate the use of the Catalog Management Systems market followed by the Asia-Pacific and Europe regions.

North America Market

The North American market is expected to be a dominant presence in the Catalog Management Systems market. The presence of significant manufacturers and companies in the region accounts for the region’s largest market share. The region has been one of the quickest in technology adoption and IT infrastructure optimization, leading to substantial growth in the global catalog management systems market.

Asia-Pacific Market

The Asia Pacific region is forecast to experience accelerated growth Catalog Management Systems market growth over the next few years. The rapid economic growth, digitalization, globalization, and rising usage of cloud-based technologies are projected to drive the catalog management systems market in the Asia Pacific region. The e-commerce sector in the region is expected to facilitate the market for catalog management during the forecast period

Competitive Landscape

The market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Because of their strategic innovations and broad regional presence, companies such as IBM, Oracle, Coupa Software, AP, Servicenow, CA Technologies, Fujitsu, Comarch, Proactis, and Salsify, lead the global Catalog Management Systems business. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.

Prominent Players:

IBM
Oracle
Coupa Software
AP
Servicenow
CA Technologies
Fujitsu
Comarch
Proactis
Salsify

In November 2020, Salsify has teamed up with e-Comas, a company that provides consulting, management, and content optimization for Amazon. The aim behind the partnership is to provide Amazon digital shelf excellence to brand manufacturers in Europe, the Middle East, and Africa by utilizing Salsify’s solutions.

Scope of the Report

Global Catalog Management Systems Market, by Type

Product Catalogs
Service Catalogs

Global Catalog Management Systems Market, by Component

Solutions
Services

Global Catalog Management Systems Market, by Deployment Type

Cloud
On-Premises

Global Catalog Management Systems Market, by Organization Size

Large Enterprises
SMEs

Global Catalog Management Systems Market, by Vertical

BFSI
Retail and eCommerce
Telecom
IT
Media and Entertainment
Travel and Hospitality

Global Catalog Management Systems Market, by Region

North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
Rest of the World

Parameters	Indicators
Market Size	2030: $ 1.9Billion
CAGR	10.6% CAGR (2022-2030)
Base year	2021
Forecast Period	2022-2030
Historical Data	2020
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	IBM, Oracle, Coupa Software, AP, Servicenow, CA Technologies, Fujitsu, Comarch, Proactis, and Salsify
Key Market Opportunities	Use of Artificial Intelligence and Machine Learning to Improve Customer Experience
Key Market Drivers	Increased Adoption of Catalog Management Systems in the E-Commerce Industry

REPORT CONTENT BRIEF:

High-level analysis of the current and future Catalog Management Systems market trends and opportunities
Detailed analysis of current market drivers, restraining factors, and opportunities in the future
Catalog Management Systems market historical market size for the year 2020, and forecast from 2021 to 2028
Catalog Management Systems market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
To identify and understand the various factors involved in the global Catalog Management Systems market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Catalog Management Systems Market FAQs

What is the study period of this market?

The study period of the global Catalog Management Systems market is 2020 – 2030

What is the growth rate of the global Catalog Management Systems market?

The global Catalog Management Systems market is growing at a CAGR of ~ 6% over the next 7 years

Which region has the highest growth rate in the global Catalog Management Systems market?

Asia Pacific is expected to register the highest CAGR during 2022 – 2030

Which region has the largest share in the global Catalog Management Systems market?

North America holds the largest share in 2021

Who are the key players in the global Catalog Management Systems market?

IBM, Oracle, Coupa Software, AP, Servicenow, CA Technologies, Fujitsu, Comarch, Proactis, and Salsify are the major companies operating in the global Catalog Management Systems

Do you offer Post Sale Support?

Yes, we offer 16 hours of analyst support to solve the queries

Do you sell particular sections of a report?

Yes, we provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives.

Table of Contents

Chapter 1. Executive Summary

Chapter 2. Scope Of Study

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Objectives of Report

2.2.2. Limitations

2.3. Market Structure

Chapter 3. Evolve BI Methodology

Chapter 4. Market Insights and Trends

4.1. Supply/ Value Chain Analysis

4.1.1. Raw Application Providers

4.1.2. Manufacturing Process

4.1.3. Distributors/Retailers

4.1.4. End Users

4.2. Porter’s Five Forces Analysis

4.2.1. Threat Of New Entrants

4.2.2. Bargaining Power Of Buyers

4.2.3. Bargaining Power Of Suppliers

4.2.4. Threat Of Substitutes

4.2.5. Industry Rivalry

4.3. Impact Of COVID-19 on Catalog Management Systems Market

4.3.1. Impact on Market Size

4.3.2. End-User Trend, Preferences, and Budget Impact

4.3.3. Regulatory Framework/Government Policies

4.3.4. Key Players' Strategy to Tackle Negative Impact

4.3.5. Opportunity Window

4.4. Technology Overview

4.5. Macro factor

4.6. Micro Factor

4.7. Demand Supply Gap Analysis of Catalog Management Systems Market

4.8. Import Analysis of Catalog Management Systems Market

4.9. Export Analysis of Catalog Management Systems Market

Chapter 5. Market Dynamics

5.1. Introduction

5.2. DROC Analysis

5.2.1. Drivers

5.2.2. Restraints

5.2.3. Opportunities

5.2.4. Challenges

5.3. Patent Analysis

5.4. Industry Roadmap

5.5. Parent/Peer Market Analysis

Chapter 6. Global Catalog Management Systems Market, By Type

6.1. Introduction

6.2. Product Catalogs

6.3. Service Catalogs

Chapter 7. Global Catalog Management Systems Market, By Component

7.1. Introduction

7.2.   Solutions

7.3.   Services

Chapter 8. Global Catalog Management Systems Market, By Deployment Type

7=8.1. Introduction

8.2.   Cloud

8.3.   On-Premises

Chapter 9. Global Catalog Management Systems Market, By Organization Size

9.1. Introduction

9.2.   Large Enterprises

9.3.   SMEs

Chapter 10. Global Catalog Management Systems Market, By Verticals

10.1. Introduction

10.2.   IT and Telecom

10.3.   Retail, and e-Commerce

10.4.   BFSI

10.5.   Media & Entertainment

10.6.   Travel and Hospitality

Chapter 11. Global Catalog Management Systems Market, By Region

11.1. Introduction

11.2. North America

11.2.1. Introduction

11.2.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.2.3. Market Size and Forecast, By Country, 2020 - 2028

11.2.4. Market Size and Forecast, By Product Type, 2020 - 2028

11.2.5. Market Size and Forecast, By Application, 2020 – 2028

11.2.6. US

11.2.6.1. Introduction

11.2.6.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.2.6.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.2.6.4. Market Size and Forecast, By Application, 2020 - 2028

11.2.7. Canada

11.2.7.1. Introduction

11.2.7.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.2.7.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.2.7.4. Market Size and Forecast, By Application, 2020 - 2028

11.3. Europe

11.3.1. Introduction

11.3.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.3.3. Market Size and Forecast, By Country, 2020 - 2028

11.3.4. Market Size and Forecast, By Product Type, 2020 - 2028

11.3.5. Market Size and Forecast, By Application, 2020 – 2028

11.3.6. Germany

11.3.6.1. Introduction

11.3.6.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.3.6.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.3.6.4. Market Size and Forecast, By Application, 2020 - 2028

11.3.7. France

11.3.7.1. Introduction

11.3.7.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.3.7.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.3.7.4. Market Size and Forecast, By Application, 2020 - 2028

11.3.8. UK

11.3.8.1. Introduction

11.3.8.2. Driving Factors, Opportunity Analyzed and Key Trends

11.3.8.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.3.8.4. Market Size and Forecast, By Application, 2020 - 2028

11.3.9. Italy

11.3.9.1. Introduction

11.3.9.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.3.9.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.3.9.4. Market Size and Forecast, By Application, 2020 - 2028

11.3.10. Rest Of Europe

11.3.10.1. Introduction

11.3.10.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.3.10.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.3.10.4. Market Size and Forecast, By Application, 2020 - 2028

11.4. Asia-Pacific

11.4.1. Introduction

11.4.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.4.3. Market Size and Forecast, By Country, 2020 - 2028

11.4.4. Market Size and Forecast, By Product Type, 2020 - 2028

11.4.5. Market Size and Forecast, By Application, 2020 - 2028

11.4.6. China

11.4.6.1. Introduction

11.4.6.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.4.6.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.4.6.4. Market Size and Forecast, By Application, 2020 - 2028

11.4.7. India

11.4.7.1. Introduction

11.4.7.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.4.7.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.4.7.4. Market Size and Forecast, By Application, 2020 - 2028

11.4.8. Japan

11.4.8.1. Introduction

11.4.8.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.4.8.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.4.8.4. Market Size and Forecast, By Application, 2020 - 2028

11.4.9. South Korea

11.4.9.1. Introduction

11.4.9.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.4.9.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.4.9.4. Market Size and Forecast, By Application, 2020 - 2028

11.4.10. Rest Of Asia-Pacific

11.4.10.1. Introduction

11.4.10.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.4.10.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.4.10.4. Market Size and Forecast, By Application, 2020 - 2028

11.5. Rest Of The World (RoW)

11.5.1. Introduction

11.5.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.5.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.5.4. Market Size and Forecast, By Application, 2020 - 2028

11.5.5. Market Size and Forecast, By Region, 2020 - 2028

11.5.6. South America

11.5.6.1. Introduction

11.5.6.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.5.6.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.5.6.4. Market Size and Forecast, By Application, 2020 - 2028

11.5.7. The Middle East and Africa

11.5.7.1. Introduction

11.5.7.2. Driving Factors, Opportunity Analyzed, and Key Trends

11.5.7.3. Market Size and Forecast, By Product Type, 2020 - 2028

11.5.7.4. Market Size and Forecast, By Application, 2020 - 2028

Chapter 12. Competitive Landscape

12.1. Introduction

12.2. Vendor Share Analysis, 2020/Key Players Positioning, 2020

Chapter 13. Company Profiles

13.1. IBM

13.1.1. Business Overview

13.1.2. Financial Analysis

13.1.3. Product Portfolio

13.1.4. Recent Development and Strategies Adopted

13.1.5. SWOT Analysis

13.2. Oracle

13.2.1. Business Overview

13.2.2. Financial Analysis

13.2.3. Product Portfolio

13.2.4. Recent Development and Strategies Adopted

13.2.5. SWOT Analysis

13.3. Coupa Software

13.3.1. Business Overview

13.3.2. Financial Analysis

13.3.3. Product Portfolio

13.3.4. Recent Development and Strategies Adopted

13.3.5. SWOT Analysis

13.4. AP

13.4.1. Business Overview

13.4.2. Financial Analysis

13.4.3. Product Portfolio

13.4.4. Recent Development and Strategies Adopted

13.4.5. SWOT Analysis

13.5. Servicenow

13.5.1. Business Overview

13.5.2. Financial Analysis

13.5.3. Product Portfolio

13.5.4. Recent Development and Strategies Adopted

13.5.5. SWOT Analysis

13.6. CA Technologies, Fujitsu, Comarch, Proactis, and Salsify

13.6.1. Business Overview

13.6.2. Financial Analysis

13.6.3. Product Portfolio

13.6.4. Recent Development and Strategies Adopted

13.6.5. SWOT Analysis

13.7. Fujitsu

13.7.1. Business Overview

13.7.2. Financial Analysis

13.7.3. Product Portfolio

13.7.4. Recent Development and Strategies Adopted

13.7.5. SWOT Analysis

13.8. Comarch

13.8.1. Business Overview

13.8.2. Financial Analysis

13.8.3. Product Portfolio

13.8.4. Recent Development and Strategies Adopted

13.8.5. SWOT Analysis

13.9. Proactis

13.9.1. Business Overview

13.9.2. Financial Analysis

13.9.3. Product Portfolio

13.9.4. Recent Development and Strategies Adopted

13.9.5. SWOT Analysis

13.10. Salsify

13.10.1. Business Overview

13.10.2. Financial Analysis

13.10.3. Product Portfolio

13.10.4. Recent Development and Strategies Adopted

13.10.5. SWOT Analysis

Chapter 14. Key Takeaways

Connect to Analyst

Research Methodology

Catalog Management Systems Market Analysis and Global Forecast (2022-2030) with COVID Impact Analysis

Drivers

Restraint:

Opportunity: