Global Catalog Management Systems Market Report 2021-2026: Major Players are IBM, SAP, Oracle, Salsify, Coupa Software, ServiceNow, Proactis, Broadcom, Fujitsu, Comarch
DUBLIN, June 24, 2021 /PRNewswire/ -- The "Global Catalog Management Systems Market with COVID-19 Impact by Type (Product Catalogs and Service Catalogs), Component, Deployment Type, Organization Size (Large Enterprises and SMEs), Vertical, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global catalog management systems market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period, to reach USD 1.94 billion by 2026 from USD 1.17 billion in 2021.
Key factors that are expected to drive the growth of the market are the rising consumer demand for products, growing internet access, and rising penetration of smartphones demand which is acting as a catalyst for catalog management solutions from the e-commerce industries.
Indispensable requirement of data hubs for better data syndication and compelling need for eliminating data inconsistencies across multiple data silos. These factors are driving the demand for catalog management systems.
APAC to grow at the highest CAGR during the forecast period
Asia Pacific has witnessed the advanced and dynamic adoption of new technologies and is projected to record the highest CAGR during the forecast period. In addition, the IT spending across organizations in the region is gradually increasing, which is projected to lead to a surge in the adoption of catalog management software solutions. China, India, Japan, and Australia and New Zealand (ANZ) are the leading countries in terms of the adoption of catalog management software solutions and services in the region.
While the expenditure on technology solutions in APAC has increased, a setback is witnessed due to the recent COVID-19 pandemic. The COVID-19 pandemic makes it more urgent for business leaders across APAC to increase their rate of cloud adoption and digital transformation, thereby embracing great market opportunities for catalog management system vendors across the region.
However, the current pandemic has forced the retail vertical across APAC to shift toward digital innovation and eCommerce, thereby driving huge market opportunities for catalog management system vendors.
Market Overview and Industry Trends
Case Study Analysis
Porter's Five Forces Analysis
COVID-19-Driven Market Dynamics
Value Chain Analysis
Regulatory Implications and Industry Standards
Revenue Shift - YC/YCC Shift
For more information about this report visit https://www.researchandmarkets.com/r/fbise1
Research and Markets
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