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Global Product Information Management Market (2021 to 2026) – by Component, Deployment, Organization Size, Industry Vertical and Geography

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Dublin, Oct. 21, 2021 (GLOBE NEWSWIRE) — The “Global Product Information Management Market (2021-2026) by Component, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Product Information Management Market is estimated to be USD 9.9 Bn in 2021 and is expected to reach USD 16.5 Bn by 2026, growing at a CAGR of 10.7%.

Key factors such as growing digitalization have led to an increase in an e-commerce transaction, thereby surging demand for a centralized repository of information. Also, such centralized data can help remove the inconsistencies in data across numerous data storage systems. These factors are prominently driving the growth of the Product Information Management (PIM) market. Moreover, to fulfill the customer’s ever-changing demands, businesses implement these PIM systems to provide enhanced services to the customer to retain them. This has been positively impacting market growth further.

However, amidst a higher dependence on data application tools, there is an increased threat to security with data breaches and lower security systems in place. Also, the cost of deployment is high, with recurring upgrades and maintenance fees. These factors are likely to restrain market growth.

Market Dynamics

Drivers

  • Growing Demand for Centralized Data Management Tools
  • Growing Demand for Enhanced Customer Service
  • Growth in The E-Commerce Sector Leading to an Indispensable Requirement for Centrally Managed Data

Restraints

  • High Data Breaches
  • High Costs of Deployment

Opportunities

  • Integration of Artificial Intelligence (AI) And Machine Learning (Ml) With PIM
  • Shifting Preferences towards Cloud-Based Applications

Challenges

  • Diversified Data Legislations and Regulations
  • Lack of Awareness About PIM

Segments Covered

By Component, the market is classified as solution and services. Amongst the two, the Solutions are estimated to hold the highest market share. It is majorly attributed to the growing need for harmonization and centralization of marketing and related technical information to achieve a uniform customer experience across all channels. Further, adopting these solutions can reduce the manual errors involved in customer orders due to process automation. Further, to enhance the business operations, the enterprises are adopting these solutions, which have favoured the growth of the solution segment.

By Deployment, the market can be classified as cloud-based and on-premise. Amongst the two, the Cloud-based deployment holds a high market share. The cloud-based applications are being adopted in several industry sectors such as healthcare, BFSI, etc., due to their increased demand and benefits in terms of their scalability and cost-effectiveness. Since PIM solutions are centralized by nature, they can be used for enhancing promotional activities. The rising integration of big data applications with cloud storage can help create growth opportunities for business enterprises.

By Organization Size, the market is classified as large enterprises and small and medium-sized enterprises. Amongst the two, the Large Enterprises are estimated to hold the highest market share. This is majorly attributed to these enterprises’ heavy investments in technological solution adoption for achieving process efficiencies. The product information management (PIM) solutions offer a single centralized system to manage product information such as the company’s extensive product portfolios to facilitate better management it helps in providing unified customer view to achieve client.

By Industry Vertical, the Retail segment is estimated to hold the highest market share. PIM solutions in the retail sector have been rising as the retailers find such a solution a necessity for managing information about different suppliers and information related to different products and distribution centres. Since PIM solutions can increase product reach, retailers have been adopting this software to speed up the product launch time by accurately reducing the channel involvement. This has helped in boosting the demand for PIM solutions by the retailers, thereby enabling market segment growth.

By Geography, North America is projected to lead the market. The factors attributing to the market’s growth are rapid advancements in technologies and the strong technological infrastructure of the region. This has created a high demand in streamlining workflows through the application of centralized master data, deriving meaningful insights for automating the various process. Moreover, the presence of PIM vendors such as Salesify, SAP SE, and Oracle have been effectively contributing to the growth of the region.

Company Profiles

Some of the companies covered in this report are Stibo Systems, Contentserv Group AG, Winshuttle, LLC., Plytix, Riversand, Aprimo US LLC, Mobius Knowledge Services., Perfion A/S, Profisee Group, Inc., Censhare AG, and Vinculum Solutions Pvt Ltd, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Product Information Management Market.
  • The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Trends

5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6 Global Product Information Management Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Multi-domain
6.2.2 Single Domain
6.3 Services
6.3.1 Consulting and Implementation
6.3.2 Training, Support and Maintenance

7 Global Product Information Management Market, By Deployment
7.1 Introduction
7.2 Cloud
7.3 On-premises

8 Global Product Information Management Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-sized Enterprises

9 Global Product Information Management Market, By Industry Verticals
9.1 Introduction
9.2 BFSI
9.3 Retail
9.4 Government
9.5 Healthcare
9.6 IT and telecom
9.7 Transportation and logistics
9.8 Media and entertainment
9.9 Other verticals

10 Global Product Information Management Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Russia
10.5.9 Rest of APAC
10.6 Rest of the World
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates
10.6.5 Latin America

11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Agreements, Collaborations, & Partnerships
11.3.3 New Product Launches & Enhancements
11.3.4 Investments & Fundings

12 Company Profiles
12.1 SAP SE
12.2 Salsify Inc.
12.3 Syndigo LLC
12.4 Informatica LLC
12.5 inRiver AB
12.6 Stibo Systems Inc.
12.7 Agility Multichannel Ltd. (Magnitude Software Inc.)
12.8 IBM Corporation
12.9 Pimcore GmbH
12.10 Akeneo SAS
12.11 Plytix Limited
12.12 Riversand Technologies Inc.
12.13 Censhare
12.14 Contentserv
12.15 ADAM Software NV (Aprimo)
12.16 Oracle Corporation
12.17 Winshuttle, LLC.
12.18 Mobius Knowledge Services.
12.19 Perfion A/S
12.20 Profisee Group Inc.
12.21 Vinculum Solutions Pvt. Ltd.

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/4shs6v


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Artificial Intelligence

JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities

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SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).

Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr: 
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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Artificial Intelligence

Clarivate Declares Dividend on Mandatory Convertible Preferred Shares

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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.

On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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CGTN: 3rd CMG Forum in Beijing discusses AI development

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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

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