The Global Catalog Management Systems Market the size is expected to reach $2.98 billion by 2030, according to a new study by Polaris Market Research.
The IT and telecommunications industries are increasing the demand for sequence management solutions. CSPs continue to struggle to provide customers with the right solutions at the right time in light of the growing demand for smartphones and other information devices in the digital age. Creating, managing, and effectively marketing data offerings can be challenging for CSPs.
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A unified product listing helps capture revenue-generating opportunities, reduce time-to-market, deliver unparalleled quality of experience, retain a strong customer base, reduce churn, and strengthen brand loyalty.
This administration structure gives CSPs a competitive edge when launching various industry-leading programs and services by simplifying the development, coordination, organization, and management of offering lifecycles. Reduced TTM and the ability to respond quickly to customer needs to ensure customer delight, reinvent the customer experience, increase ARPU and ROI, and reduce operating costs.
Based on the vertical, the retail and e-commerce segment accounted for the major share of the global industry. Due to the massive amount of product information, retail and e-commerce are the fastest verticals to adopt innovative technologies and services.
In order to meet the changing needs of customers, digital transformation projects have fueled the growth of the retail and e-commerce sectors. Consumers generally expect complete and consistent product information; therefore, the manager maintains the quality of product data across all retail channels.
Industry players such as Salsify, Broadcom, Claritum, Coupa Software Inc., Fujitsu, GEP, IBM, Oracle, Amdocs, Proactis Holdings Limited, SAP, ServiceNow, Comarch SA, Telefonaktiebolaget LM Ericsson and Zycus Inc. are key players operating in the global industry. In December 2021, Salsify launched an interface with Amazon’s new Selling Partner API. This new connectivity allows Amazon Business Partners to programmatically retrieve information from their Amazon Vendor Central account.
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Polaris market research has segmented the Catalog Management System market report on the basis of Type, Deployment, Component, Vertical, and Region:
Catalog Management System, Outlook Type (Revenue – USD Billion, 2018 – 2030)
Catalog Management System, Components Outlook (Revenue – USD Billion, 2018 – 2030)
- Managed Services
- Professional services
Catalog Management System, Deployment Outlook (Revenue – USD Billion, 2018 – 2030)
Catalog Management System, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)
- Retail and e-commerce
- Media and entertainment
- travel and hospitality
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