Global Catalog Management Market Overview:
Catalog management, is a strategic process where products are maintained in organized way to ensure its configurability to buyers required format. It is a dynamic process that helps e-commerce to quickly broadcast their products, new price, and releasing of new items as well. The changing consumer preferences, a robust catalog management provides enterprises in presenting consistent information of their products to its customers and also aiming toward positive customer experience Some of the key players profiled in the study are SAP SE (Germany), IBM (United States), Oracle (United States), Fujitsu (Japan), CA Technologies (United States), Proactis Holdings (United Kingdom), SellerCloud (United States), Comarch (Poland), Salsify (United States), Sigma Systems (Canada), Coupa Software (United States), eJeeva (United States), SunTec (India), Cellent (Germany) and Amdocs (United States). According to Market Analyst at AMA, the Global Catalog Management market may see a growth rate of 6.9% and would reach the market size of USD1205.2 Million by 2024.
On the basis of geography, the market of Catalog Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Catalog Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component Type, the sub-segment i.e. Solutions will boost the Catalog Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-premises will boost the Catalog Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Surging digital transformation initiatives in the retail and eCommerce industry across the globe
- Increasing need of centralized systems for improved marketing and selling of products and services
- Advancements in areas of Machine Learning (ML), analytics, and Artificial Intelligence (AI)
- Increasing adoption of automation across various manufacturing industry verticals
- Security and privacy concerns
- Lack of awareness about catalog management systems and capabilities
- Rising adoption of catalog management systems by SMEs in both developed and developing economies
- Advancements in areas of Machine Learning, and Artificial Intelligence (AI)
- Absence of standardized catalog format among enterprises
Major Market Developments:
In June 2018, Proactis partnered with Halliburton to provide Halliburton with a cloud-based catalog management solution. The solution helped Halliburton reduce its purchase order cost by 75% and In April 2018, ServiceNow made an agreement to acquire Silicon Valley-based AI company, Parlo. The acquisition is aimed at enhancing the functionalities of the Now Platform
In June 2018, SAP launched its new suite of services, SAP C/4HANA. The company aims to disrupt the Customer Relationship Management (CRM) market space by introducing this suite. SAP Hybris, which offers catalog management, is a part of this suite.
Major Objectives Focused through this Study
To define, describe, and forecast the Global Catalog Management market on the basis of product  , application [IT and Telecom, Retail and e-Commerce, BFSI, Media and Entertainment, Travel and Hospitality and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Catalog Management market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Catalog Management industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Ericsson (Sweden), Zycus (United States), Insite Software (United States), Plytix (Denmark), Vroozi (United States), Mirakl (France), Vinculum (India) and Claritum (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Catalog Management market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.