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Catalog Management System Market Size Worth $9.3 Billion by 2028: Grand View Research, Inc.

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The global catalog management system market size is projected to reach USD 9.3 billion by 2028, expanding at a CAGR of 12.5% over the forecast period, according to the research conducted by Grand View Research, Inc. The growing demand from consumers for products such as fashion and apparel and wearable devices, rising internet usage, and increasing smartphone penetration across the globe are some of the factors anticipated to provide lucrative growth opportunities for catalog management solutions over the forecast period.

Key Insights & Findings from the report:

  • The solution segment is expected to dominate the market over the forecast period owing to the continued adoption of these systems by various small and large enterprises across the globe. The segment is expected to reach USD 5.8 billion by 2028.
  • The managed service segment is anticipated to expand at the highest CAGR of 14.3% over the forecast period.
  • The cloud segment is expected to dominate the market over the forecast period and reach USD 6.1billion by 2028.
  • The small and medium enterprise segment is expected to dominate the market over the forecast period and reach USD 5.2 billion by 2028.
  • The retail and e-commerce segment is anticipated to expand at the highest CAGR of 13.4% over the forecast period owing to the growing preference among individuals for online purchases from e-commerce websites.
  • North America is projected to account for the largest market share over the forecast period. The regional market is anticipated to reach USD 3.9 billion by 2028 driven by the presence of several prominent players in the region and the rapid adoption of technologically advanced solutions.
  • Key players in the market include Oracle Corporation, SAP SE, Salsify, Fujitsu Limited, International Business Machines Corporation, and Broadcom Inc.

Read 120-page market research report, “Catalog Management System Market Size, Share & Trends Analysis Report By Type (Product Catalog, Service Catalog), Component (Solution, Service), By Deployment Type, By Organization Size, By Vertical, By Region, And Segment Forecasts, 2021 – 2028“, published by Grand View Research.

Catalog Management System Market Growth & Trends

The outbreak of the COVID-19 pandemic has positively impacted the overall market growth owing to digitalization, changing customer preferences, and increased screen time. Small, medium and large enterprises have opted for the work-from-the-home working model to provide a safe working environment for their employees, which has resulted in spending more time on the internet and browsing e-commerce websites. Furthermore, various individuals mainly resort to online purchasing from e-commerce websites, subsequently driving the demand for catalog management systems.

Professional services help companies mitigate security gaps and develop security measures for the effective implementation of catalog management systems. The benefits offered by professional services consist of increased profitability, limited administrative expenses, and increased utilization of resources. Furthermore, professional services help boost workforce management by increasing efficiency through better planning, increased collaboration, and integrated knowledge management.

The key players in the market for catalog management systems include Oracle Corporation, SAP SE, Fujitsu Limited, Salsify, Coupa Software, International Business Machines Corporation, and Broadcom Inc. These market players are majorly focusing on strategic mergers and acquisitions to enhance their business offerings. For instance, in June 2020, Coupa Software Inc. announced the acquisition of BELLIN Group, a Treasury Management Software (TMS) provider. The acquisition assisted the former company in enhancing its value in payments, treasury, and working capital process and strengthening its position.

Catalog Management System Market Segmentation

Grand View Research has segmented the global catalog management system market based on type, component, deployment type, organization size, application, and region:

Catalog Management System Type Outlook (Revenue, USD Million, 2018 – 2028)

  • Product Catalog
  • Service Catalog

Catalog Management System Component Outlook (Revenue, USD Million, 2018 – 2028)

  • Solution
  • Service
    • Professional Service
    • Managed Service

Catalog Management System Deployment Type Outlook (Revenue, USD Million, 2018 – 2028)

  • On-premise
  • Cloud

Catalog Management System Organization Size Outlook (Revenue, USD Million, 2018 – 2028)

  • Small & Medium Enterprise
  • Large Enterprise

Catalog Management System application Outlook (Revenue, USD Million, 2018 – 2028)

  • BFSI
  • Retail & E-commerce
  • IT & Telecom
  • Media & Entertainment
  • Others

Catalog Management System Regional Outlook (Revenue, USD Million, 2018 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

List of Key Players in the Catalog Management System Market

  • Oracle Corporation
  • Fujitsu Limited
  • Salsify
  • SAP SE
  • International Business Machines Corporation

Check out more related studies published by Grand View Research:

  • Productivity Management Software Market – The global productivity management software market size is expected to reach USD 149.74 billion by 2030, registering a CAGR of 13.8% over the forecast period, according to a study conducted by Grand View Research, Inc. The digital transformation initiatives that have resulted in improved IT systems to meet customers’ diverse requirements, the need to encourage collaboration among teams and increase workforce utilization, and the growing use of advanced technologies such as artificial intelligence, cloud computing, and machine learning are the factors anticipated to drive the growth.
  • Warehouse Management Systems Market – The global warehouse management systems market size is anticipated to reach USD 8.1 billion by 2028, growing at a CAGR of 15.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for warehouse management systems (WMS) based on the Software-as-a-Service (SaaS) model.
  • Workflow Management System Market – The global workflow management system market size is expected to reach USD 55.35 billion by 2028, registering a CAGR of 30.6% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The rising need for modernizing business processes along with the continued adoption of the latest technologies across various industries such as BFSI, healthcare, retail, IT and telecom, and transportation is anticipated to boost the demand for workflow management systems from 2021 to 2028. Workflow automation helps businesses in automating their daily processes and tasks, reducing human errors, and subsequently augmenting the revenues

Browse through Grand View Research’s  IT Services & Applications Industry Research Reports.

Artificial Intelligence

PractiTest Pushes Boundaries of Test Management with Milestones Release

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REHOVOT, Israel, May 6, 2024 /PRNewswire/ — PractiTest, a leader in innovative test management solutions, continues to push the boundaries with the release of Milestones, a powerful project management module enabling QA teams to align and stay connected to business goals. PractiTest’s New Milestones Module empowers QA teams to define high-level testing objectives within set timeframes. This results in well-defined roadmaps for sprint planning, major releases, or other pivotal project Milestones. By setting these objectives, QA teams gain a focused understanding of their contribution to broader business objectives and deadlines.

“Milestones have given us increased granularity in our ability to organize our testing,” says Tony, a system engineer at Battelle. “Having traceability was good, but Milestones allow us to plan much more clearly and easily.”
Milestones establish a seamless link between QA initiatives and overarching business strategies, ensuring testing efforts directly contribute to achieving company objectives. By defining clear testing objectives and schedules for each project phase, QA teams can stay on track and ensure efficient use of resources. The Milestones module also improves visibility, providing a high-level overview of the entire testing process and promoting seamless communication and collaboration among cross-functional teams.
PractiTest’s Commitment to Innovation
The release of Milestones reaffirms PractiTest’s dedication to providing cutting-edge solutions that empower QA teams to thrive.
“In today’s competitive environment, ensuring QA aligns with business objectives is imperative,” says Yaniv Iny, CEO of PractiTest. “The Milestones module is a testament to our commitment to empowering QA teams to evolve into strategic partners, fostering quality and delivering tangible outcomes while staying in sync with overarching business objectives.”
About PractiTest
PractiTest is an end-to-end test management platform designed to simplify and untangle complexity for complex and robust environments. PractiTest centralizes all your QA work, processes, teams, and tools into one platform to bridge silos, unify communication, and enable one source of truth across your organization. With PractiTest you can make informed data-driven decisions based on end-to-end visibility provided by customizable reports, real-time dashboards, and dynamic filter views.
For more information about PractiTest visit: https://www.practitest.com/
Media Contact:May [email protected]
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Artificial Intelligence

EZVIZ unveils its groundbreaking H9c Dual-lens Smart Pan-and-tilt Camera series: a new paradigm for automated, all-round outdoor protection

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By combining a pan-and-tilt panoramic lens and a fixed 180-degree wide-angle lens, one H9c Dual smartly secures large areas with performance better than that of two ordinary ones.
HOOFDDORP, Netherlands, May 6, 2024 /PRNewswire/ — EZVIZ, a leading global player in innovative smart home security, proudly introduces the H9c Dual series, its latest dual-lens outdoor pan-and-tilt cameras that redefine smart protection for homes and small businesses. With options in 2K and 3K resolutions, their groundbreaking design combines a sharp bullet camera and a flexible PT camera, addressing complex security needs effectively. The interlinked dual lenses work collaboratively to safeguard wide property areas, detect and track activities, and offer auto-patrol options for hands-free security.

“The H9c Dual challenges traditional outdoor cameras with unrivaled vision, unmatched automation, and high versatility for basically any scenario,” said Candice Tu, the lead product manager, “EZVIZ leads the way in the development and application of advanced dual-lens technology. This underlines our dedication to bringing cutting-edge technology within reach for practical, everyday situations.”
At the core of the H9c Dual is its groundbreaking dual-lens technology, highlighted by EZVIZ’s distinctive co-action function. The two lenses can work independently at two static viewing angles or act together as a team. When the fixed lens detects motions, the pan-and-tilt lens automatically rotates to track the same activity. This co-action function can also be manually controlled through the EZVIZ App.
The series addresses unnoticed blind spots by offering a 180-degree comprehensive view in a single frame, supplemented by the bottom PT lens for intricate close-ups. Both lenses, with high resolutions of 2K/3K, use built-in AI chips to detect people and vehicles in customizable zones, ensuring users are informed of crucial activities. Users can set up to four patrol spots for the PT lens to complete automatic rotations on a schedule.
Equipped with powerful LEDs, the H9c Dual provides color night vision up to 40 meters and warns potential trespassers with a loud siren and dazzling flashlight upon detection. Offering superior protection compared to a traditional two-camera system, the H9c is a breeze to set up thanks to its adaptable mounting design. Users can manage and control their H9c through the user-friendly EZVIZ App, and enjoy seamless integration with prevailing voice assistants and the larger EZVIZ ecosystem.
Learn more at www.ezviz.com.
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Artificial Intelligence

Red light therapy for repairing spinal cord injury passes milestone

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BIRMINGHAM, England, May 6, 2024 /PRNewswire/ — Patients with spinal cord injury (SCI) could benefit from future treatment to repair nerve connections using red and near-infrared light.

The method, invented by University of Birmingham scientists and patented by University of Birmingham Enterprise, delivers light directly to the site of the injury. 
Their latest research, published in Bioengineering and Translational Medicine, determined an optimal ‘dose’ for this novel approach, and showed it can deliver therapeutic improvements including significant restoration of sensation and movement, and regeneration of damaged nerve cells. 
Researchers led by Professor Zubair Ahmed used cell models of SCI to determine the frequency and duration of light required to achieve maximum restoration of function and stimulate nerve cell regrowth. 
They found delivery at a wavelength of 660nm for one minute a day increased cell viability (the number of live cells) by 45% over five days’ treatment. 
Professor Ahmed said: “The effect of 660nm light was both neuroprotective, meaning it improved survival of nerve cells, and neuroregenerative, meaning it stimulated nerve cell growth.” 
The researchers also investigated the effect of light therapy in preclinical models of SCI, using an implantable device and transcutaneous delivery with the light source placed against the skin. They showed comparable results for both methods, with a one-minute dose of 660nm light, delivered daily for seven days resulting in reduced tissue scarring, increased levels of proteins associated with nerve cell regeneration, improvements in the connections between cells and significant functional recovery. 
This is the first time transcutaneous and direct light delivery have been compared in SCI. Professor Ahmed said: “To make light therapy viable for treating SCI in humans an implantable device will be required, to provide line of sight to damaged tissue and the opportunity for greater accuracy and standardise dosing without impedance due to the thickness of the skin and other tissues surrounding the spinal cord.”
The researchers are planning to develop an implantable device for use in humans with traumatic SCI. They have already received further funding and are seeking commercial partners or investors to develop a prototype device to take into first-in-man clinical trials.
Full release here. 
University of Birmingham Enterprise helps researchers turn ideas into products and services that meet real-world needs. Follow us on LinkedIn and X.
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Media enquiries: Ruth Ashton
Commercial enquiries: Veemal Bhowruth

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