Product Information Management Market Size

Product Information Management Market size was over USD 12.45 billion in 2024 and is projected to cross USD 51.83 billion by the end of 2037, growing at more than 11.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of product information management is estimated at USD 13.61 billion. 

Mobilephones and online shopping are creating lucrative opportunities for PIM solutions. To ensure accurate, up-to -date product information is available to customers, businesses need PIM solutions to manage large amounts of product data. Over 2.2 billion people were expected to purchase goods and services online in 2022, as eCommerce sales reached 20% of retail sales worldwide.

Companies are increasingly looking for solutions to store, manage, and distribute product information quickly and efficiently due to the need for accurate and up-to-date product information for marketing, sales, and customer service activities. Product information management solutions provide the necessary infrastructure to help companies meet these demands.