Catalog Management System Market Expected to Reach US ~$2.98 Billion and CAGR 10.8% by 2030 – Polaris Market Research
The global catalog management system market size is expected to reach USD 2.98 Billion by 2030 according to a new study by Polaris Market Research.
Demand for catalog management systems from the IT and telecom sectors boosts the demand. With the growing demand for smartphones and other information devices in the digital world, CSPs continue to face challenges in providing customers with appropriate solutions at the right time. It might be difficult for CSPs to originate, manage, and commercialize data offers properly. A consolidated product listing aids in the capture of revenue-generating opportunities, the reduction of Time-to-Market (TTM), the delivery of unrivaled Quality of Experience (QoE), and the retention of a good customer base, reduction of churn, and the improvement of brand loyalty.
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This management system enables CSPs to easily develop, coordinate, organize, and manage offer life cycles, giving them a competitive advantage in launching various innovative plans and services. Reduced TTM and the ability to respond promptly to client needs to ensure customer satisfaction, redefine the customer experience, increase ARPU and ROI, and reduce operational expenses.
Based on the vertical, the retail and e-commerce segment accounted for the leading share in the global management system market. Due to the massive amount of product information, retail and e-commerce are the quickest verticals in adopting innovative technologies and services.
In order to satisfy customers’ changing needs, digital transformation projects have fueled growth in the retail & eCommerce sectors. Consumers generally expect comprehensive and consistent information about the product; as a result, the manager maintains the quality of product data across all retail channels.
Market players such as Salsify, Broadcom, Claritum, Coupa Software Inc., Fujitsu, GEP, IBM, Oracle, Amdocs, Proactis Holdings Limited, SAP, ServiceNow, Comarch SA, Telefonaktiebolaget LM Ericsson, and Zycus Inc. are some key players operating in the global market. In December 2021, Salsify launched an interface with Amazon’s new Selling Partner API. This new connectivity allows Amazon selling partners to retrieve their Amazon Vendor Central account information programmatically.
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Polaris Market Research has segmented the catalog management system market report based on type, deployment, component, vertical, and region:
Catalog Management System, Type Outlook (Revenue – USD Billion, 2018 – 2030)
Catalog Management System, Component Outlook (Revenue – USD Billion, 2018 – 2030)
- Managed Services
- Professional Services
Catalog Management System, Deployment Outlook (Revenue – USD Billion, 2018 – 2030)
Catalog Management System, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)
- Retail & eCommerce
- Media & Entertainment
- Travel & Hospitality
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