Catalog Management Systems Market Witness the Growth of $1,190.0 million by 2023

(IT-NEWSWIRE.COM, February 25, 2021 )
According to research report "Catalog Management Systems Market by Component, Deployment Type, Organization Size, Industry Vertical (IT and Telecom, Retail and eCommerce, BFSI, Media and Entertainment, Travel and Hospitality), and Region - Global Forecast to 2023", The Catalog Management Systems Market is expected to grow from USD 846.6 million in 2018 to USD 1,190.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. The increasing need to organize and present consistent product information to customers across all channels has led to the adoption of catalog management systems. With an increase in the adoption of cloud-based catalog management solution and services among Small and Medium-sized Enterprises (SMEs), the catalog management systems market is expected to gain traction during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92687290

Browse 64 market data Tables and 42 Figures spread through 149 Pages and in-depth TOC on "Catalog Management Systems Market - Global Forecast to 2023"

Professional services segment to grow at the highest CAGR during the forecast period

The professional services segment is expected to gain traction during the forecast period. Professional services are mostly post-sales services that are delivered to customers after the purchase of a product. These services include designing, planning, upgrading, and a host of other consulting services that are offered to clients. The professional services team offers comprehensive services through the latest techniques and tools, skills, knowledge, and strategies to address an organization’s catalog management needs. Companies offering these services comprise consultants, solution experts, and dedicated project management teams that specialize in designing and delivering a robust catalog management system.

On-premises deployment type to hold a larger market size during the forecast period

The on-premises deployment type is expected to dominate the catalog management systems market by deployment type during 2018–2023. On-premises solutions are delivered for a one-time license fee, along with a service agreement. As the on-premises deployment requires huge infrastructure and a personal data center, only those organizations that can afford its deployment cost usually deploy this model. Therefore, the SMEs, with their limited resources, often face the dilemma of choosing between the cloud and on-premises solutions. The on-premises deployment model offers several advantages, such as system and data control, and dedicated maintenance and support staff.

North America to hold the largest market size in the global catalog management systems market

North America is expected to hold the largest market size in the global catalog management systems market, as the region is extremely responsive toward the adoption of latest technological advancements. Whereas Asia Pacific (APAC) is expected to grow at the highest CAGR, and has become a new hotspot for catalog management system vendors as a revenue generating region.

Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=92687290

Major vendors offering catalog management systems solution and services across the globe include IBM (US), SAP SE (Germany), Oracle (US), CA Technologies (US), Coupa Software (US), ServiceNow (US), Proactis (UK), Fujitsu (Japan), Comarch (Poland), Zycus (US), GEP (US), Insite Software (US), Plytix (Denmark), Vroozi (US), Salsify (US), Mirakl (France), Ericsson (Sweden), SellerCloud (US), Sigma Systems (Canada), Vinculum (India), Claritum (US), eJeeva (US), SunTec (India), cellent (Germany), and Amdocs (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Catalog Management Systems Market Witness the Growth of $1,190.0 million by 2023