A catalog management system helps in designing and editing online catalogs, thus helping to price the products available. Major driving factors for the market include the digital transformation initiatives that have resulted in the boom of retail and the industry vertical, along with improved IT systems for meeting customers’ dynamic requirements. Other than this, it is the manageability, creation of queries to search the catalog over multiple categories together with the creation of easily navigable pages are certain other growth drivers for the catalog management systems market.
Among deployments, it is the cloud deployment type that is expected to gain traction during the current forecast period, as it offers the agility of booth on-demand resource deployment as well as consumption. Organizations prefer the cloud deployment model, also because it offers ease of access along with reduced capital and operational expenses.
The catalog management systems market is segmented by component, organization size, deployment type, type, industry, and region. The small and medium-sized enterprises or SMEs segment is expected to grow at a higher rate during the forecast period because of rising need to reduce operational costs as well as streamline selling processes. These factors, in turn, have driven the adoption rate of catalog management system solution and services.
North America is estimated to hold the largest market size in 2018. It can be attributed to the presence of large manufacturers and companies in the region. The region is also one of the fastest in terms of technology adoption along with IT infrastructure optimization that has further boosted the catalog management systems market globally.
The key players of the Catalog Management Systems market include IBM (US), Oracle (US), SAP SE (Germany), and CA Technologies (US).
Catalog Management Systems Market scope:-
Catalog Management Systems Market, By Component
Catalog Management Systems Market, By Organization Size
• Large Enterprise
Catalog Management Systems Market, By Deployment Type
Catalog Management Systems Market, By Type
• Service Catalogs
• Product Catalogs
About Company Info –
Maximize Market Research provides B2B and B2C research on
20,000 high growth emerging opportunities & technologies as well as threats
to the companies across the Healthcare, Pharmaceuticals, Electronics &
Communications, Internet of Things, Food and Beverages, Aerospace and Defense
and other manufacturing sectors