Catalog Management Systems Market size was valued at USD 1.15 Billion in 2022 and is projected to reach USD 8.72 Billion by 2030, growing at a CAGR of 7.6% from 2022 to 2030.

Catalog Management Systems Market Overview:

Increasing digital transformation initiatives in the retail and e-commerce industries are driving the global catalog management system market. Customers worldwide are tech savvy and prefer to engage with businesses through digital channels such as social media, mobile apps and websites. This industry is very focused on customer satisfaction, requirements and feedback and is increasingly embracing digital technology. Additionally, retail and e-commerce industry verticals are strategizing customer engagement channels to meet the demand for technologically sophisticated consumers worldwide.

In addition, increasing economic feasibility of catalog management software is expected to drive the growth of the global catalog management system market. Global demand is also fueled by the growing need for improved marketing and centralized systems for selling products and services. Small businesses and large enterprises are deploying modern software and services to centrally manage offers/discounts, product details, payment systems, and inventory. Newer technologies such as artificial intelligence are expected to further enhance catalog management solution capabilities, providing significant growth potential to the catalog management system market.

Certain constraints and challenges are faced that will hamper the overall market growth. Factors such as lack of skilled workforce and lack of standards and protocols are limiting market growth. Additionally, integrating complex integration systems and AI solutions into existing systems is a daunting task that limits growth. Besides, security and privacy concerns hamper the growth of the market. The prosperous growth of this market is absolutely limited by prevalent data security concerns among certain users.

Concerns about data security are one of the main reasons preventing the adoption of catalog management solutions. Lack of awareness about catalog management systems and features is also a potential restraint hindering the overall growth of the global catalog management systems market. However, increasing adoption of catalog management systems by SMEs and advancements in the fields of artificial intelligence (AI), analytics, and machine learning (ML) provide lucrative opportunities for the catalog management system market to thrive during the forecast period.

Catalog Management Systems market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Catalog Management Systems market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In December 2021, Salsify partnered with Trace One and UNFI Brands+. Together, the two companies are focused on creating over 5000 grocery products for digital shelf success, while also minimizing the elapsed time between product development completion. Additionally, these companies are making their products available to retail customers and e-commerce websites, along with increasing sales and improving customer satisfaction.
• In September 2021, ServiceNow teamed up with Infosys, a leading IT company. Together, these companies will focus on providing enterprise-class service management for the manufacturing company's customers. Additionally, these companies will leverage ServiceNow Operational Technology Management (OTM) and Infosys Industrial Cloud blueprints as part of Infosys Cobalt to help the manufacturing industry digitize factories, floors, and factory operations.

Major Market Segments Covered in Catalog Management Systems Industry Research:

Market Key Players:
IBM, SAP, Oracle, Salsify, Coupa Software, ServiceNow, Proactis, Broadcom, Fujitsu, Comarch, Zycus, GEP, Ericsson, Amdocs, Episerver, SunTec

By Type:

• Cloud
• On-Premises

By Component:

• Solution
• Service

By Application:

• IT & Telecom
• Retail & eCommerce
• BFSI
• Others

By Organization Size:

• Small and Medium-Sized Enterprises
• Large Enterprises

By Region:

North America dominated the market with a market share of over 45.0% in 2020. Growing footprint of industry players such as Oracle Corporation, Salsify, SAP SE and Amdocs and growing number of SMEs are expected to drive the market growth in this region.

The Asia Pacific market for catalog management systems is expected to expand at a CAGR of 15.4% from 2021 to 2028. Regional market growth can be attributed to the growing preference for technologically advanced solutions among various enterprises in Asia Pacific countries such as India and China. . Additionally, increasing IT spending in the region is expected to contribute to the growing adoption of catalog management systems, supporting the regional market growth.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Drivers

Expanding customer demand for products, adoption of ML and AI to improve consumer experience, increasing internet access and increasing smartphone penetration are expected to drive industry expansion and act as impetus for catalog management systems in e-commerce businesses. The availability of mobile has improved business adoption of mobile apps, social media and online platforms, resulting in increased retail and e-commerce engagement through these channels. Customer satisfaction has emerged as an important goal for businesses. As a result, we are planning customer engagement channels.

Newer technologies such as artificial intelligence (AI) are expected to greatly enhance the capabilities of these systems, providing tremendous potential for advancement in the catalog management system market. According to the GSMA, mobile devices reached 64% in 2019 and will reach 81% in 2025. At the same time, mobile subscriber penetration is expected to reach 60% in the year. As a result, smartphone adoption is increasing in the Asia-Pacific region and increasing purchasing power fuels industry growth. Also, in 2019, around 59% of the population used the internet, according to the ITU.

And by predicting data quality issues, improving data consistency, and providing appropriate solutions to avoid data inconsistencies, ML-enabled catalog management capabilities can help businesses manage regulatory compliance, accelerate data-driven digitization, and improve operational efficiencies. do. Companies like IBM already offer ML-enabled catalog management systems. Forecasts suggest that the need for these systems will increase, encouraging new developments in catalog management systems.

Catalog Management Systems Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 7.6% from 2022 to 2030.
By Type	Cloud, On-Premises
By Application	IT & Telecom, Retail & eCommerce, BFSI, Others
By Companies	IBM, SAP, Oracle, Salsify, Coupa Software, ServiceNow, Proactis, Broadcom, Fujitsu, Comarch, Zycus, GEP, Ericsson, Amdocs, Episerver, SunTec
Regions  and Countries  Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Catalog Management Systems Report

• Estimate Catalog Management Systems market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Catalog Management Systems market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Catalog Management Systems market?

The Catalog Management Systems Market is growing at a CAGR of 7.6% During Forecast Period.

What are the key types of Catalog Management Systems market?

Cloud, On-Premises

What are the key applications of Catalog Management Systems market?

IT & Telecom, Retail & eCommerce, BFSI, Others

Who are the key players in Catalog Management Systems market?

IBM, SAP, Oracle, Salsify, Coupa Software, ServiceNow, Proactis, Broadcom, Fujitsu, Comarch, Zycus, GEP, Ericsson, Amdocs, Episerver, SunTec