Product Information Management Market Size, Share, and Trends 2025 to 2034

Product Information Management Market Size and Growth 2025 to 2034

The global product information management market size was estimated at USD 17.40 billion in 2024 and is predicted to increase from USD 20.95 billion in 2025 to approximately USD 106.40 billion by 2034, expanding at a CAGR of 19.85% from 2025 to 2034.

Product Information Management Market Key Takeaways

• North America led the global market with the highest market share of 38% in 2024.
• Asia Pacific region is estimated to expand the fastest CAGR between 2025 and 2034.
• By Component, the services segment has held the largest market share in 2024.
• By Enterprise Size, the large enterprises segment captured the biggest revenue share in 2024.
• By End Use, the retail segment has held the largest market share in 2024.

U.S. Product Information Management Market Size and Growth 2025 to 2034

The U.S. product information management market size was estimated at USD 4.63 billion in 2024 and is predicted to be worth around USD 28.55 billion by 2034, at a CAGR of 20% from 2025 to 2034. 

North America dominated the market with the highest revenue share in 2024. The product information management market in North America region is being driven by the existence of significant market players. In addition, technological developments and adoption of latest and advanced technologies, growing research and development activities are boosting expansion of product information management market in North America region.

Asia-Pacific is expected to develop at the fastest rate during the forecast period. China and India dominated the product information management market in Asia-Pacific region. The growth of product information management market in Asia-Pacific region is attributed to the rising need for data storage and security. The enormous market potential in Asia-Pacific is projected to entice several foreign companies to grow there. The Indian e-commerce sector, for instance, is predicted to reach $200 billion by the end of 2026, up from 38.5 billion in 2017. In addition, the growing internet and smartphone penetration is driving the growth of Asia-Pacific product information management market.

Product Information Management Market Growth Factors

• With the help of product information management systems, various organizations store data and information that is very crucial in nature. One of the key factors driving the growth of global product information management market is the surge in demand for centralized system for data storage.
• The firms can effortlessly manage and organize all of their product data due to centralized data storage. The data sources are modified with a single modification in the centralized data repository, reducing data administration costs and time.
• Due to the expanding number of risks to data security, compliance and verification needs are also increasing.
• In 2024, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) highlighted a 38% rise in corporate cyberattacks, urging companies to adopt stronger data governance tools like product information management systems. 

Market Scope

Component Insights

The services segment dominated the product information management market in 2024. The market players offer support, training, and servicing to help in-house employees understand product information management systems. These services are a low-cost way to ensure that in house employees are performing at their best. As some businesses lack the ability to understand the intricacies of implementing product information management, end users involve maintenance services. The product information management solutions require these services to function properly.

• In 2024, the U.S. Department of Labor highlighted a nationwide shortage of trained data management professionals, prompting more enterprises to outsource PIM-related services. This increased demand is expected to elevate the service segment further, thus further fuelling the market. 

Enterprise Size Insights

The large enterprises segment dominated the product information management market in 2024. The use of product information management services and solutions is higher in large organizations, and this trend is projected to continue over the projection period. The product information management designed to handle product information across industries using a single centralized system.

To increase overall production and efficiency, large corporations are funding heavily in novel technology. The demand for scalable, flexible, and easy large-scale services is expected to accelerate industry participants to develop new solutions and technologies.

End Use Insights

The retail segment accounted largest market share in 2024. Due to the increased concentrate on developing customer experience and the implementation of retail analytics and artificial intelligence technologies in the e-commerce and retail industries, the e-commerce and retail business is predicted to have the greatest development of product information management. As per the Shopify, the worldwide e-commerce market will be valued $4.97 trillion by 2021, representing 400% rise in upcoming years. E-commerce sales are predicted to account for 13.7% of worldwide retail sales in 2019, with 1.92 billion worldwide digital buyers.

 Product Information Management Market Companies

• Oracle
• SAP
• IBM
• Informatica
• Pimcore
• Akeneo
• Inriver
• Winshuttle
• Riversand
• Salsify

Recent Developments

• In December 2024, ATLANTA Canto, a top provider of digital asset management software, announced the introduction of Canto PIM, a comprehensive platform integrating digital asset management (DAM) with product information management (PIM) functionalities. This new solution addresses the difficulties brands encounter in handling, sharing, refining, optimizing, and safeguarding digital assets and product data across a growing range of channels, campaigns, and use cases.
• In September 2024, bimstore, a leader in designing and hosting BIM content, announced the launch of Sinc, a groundbreaking Product Information Management (PIM) platform crafted exclusively for manufacturers. Sinc is the result of bimstore’s 15-year collaboration with manufacturers and their deep understanding of product data challenges.
• In March 2024, N Brown Group, a digital retail platform specializing in inclusive fashion and homeware, unveiled its new Product Information Management (‘PIM’) system, a major milestone in its transformation efforts to enhance the customer journey. The PIM system improves customer experiences by enhancing product display pages with better descriptions, including size, fit, and fabric details. This improvement fosters consistency and clarity in pre-purchase messaging across channels, better informing buying decisions. Consequently, it is anticipated to lower return rates, further improving the overall customer satisfaction.

Market Segmentation:

By Component

• Solution
• Multi-domain
• Single Domain
• Services
• Consulting and Implementation
• Training, Support and Maintenance

By Deployment

• On-premise
• Cloud

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By End Use

• BFSI
• Retail
• Manufacturing
• Telecom and IT
• Transportation and logistics
• Media and entertainment
• Other

By Operating System

• iOS
• Windows
• Android
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa