Catalog Management System Global Market Report 2024

The catalog management system refers to the software that consolidates and structures data of e-commerce products into a single, digital point of reference, which includes catalogs for both buyer and the merchant. It enables brand suppliers to deliver quality product data across a full catalog in a buyer's required format.

The main types of catalog management systems are product catalogs and service catalogs. Product catalogs are a sort of marketing collateral that contains key product information to assist consumers in making a purchasing choice. These details include product features, dimensions, descriptions, availability, price, weight, color, customer reviews, and more. The different components include solutions, and services and are deployed through on-premises and cloud. The several enterprise sizes include large enterprises, and small and medium enterprises (SMEs) and are utilized in various industries such as telecom, IT, travel and hospitality, retail and e-commerce, media and entertainment, and other verticals.

The catalog management system market research report is one of a series of new reports that provides catalog management system market statistics, including catalog management system industry global market size, regional shares, competitors with a catalog management system market share, detailed catalog management system market segments, market trends and opportunities, and any further data you may need to thrive in the catalog management system industry. This catalog management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The catalog management system market size has grown steadily in recent years. It will grow from $2.79 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to increased product complexity, regulatory compliance, customer expectations for personalization, efficiency and automation needs, multi-channel selling.

The catalog management system market size is expected to see steady growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to dynamic pricing strategies, subscription commerce models, rich media and video content management, environmental social, and governance (esg) considerations, pim and cms convergence. Major trends in the forecast period include multi-cloud cms deployments, voice commerce optimization, collaboration tools integration, subscription commerce models, content ai for automated tagging, continuous content delivery.

The increase in demand from the e-commerce industry for catalog management solutions is expected to drive the growth of the catalog management system market going forward. Catalogs are a list of items, organized into different groups for different purposes. Catalog management refers to the process of keeping the product database structured, organized, and updated across all online sales channels. As people's movement was restricted owing to lockdowns, there was a surge in demand for online products, causing the e-commerce sector's growth to accelerate, resulting in a shift toward catalog management solutions. For instance, according to the Springbord, a US-based information service provider, Global e-commerce sales accounted for almost $26.7 trillion in online sales in 2020, with online retail sales increasing by 32.4% year over year in 2020, and by 39% in Q1 2021. Therefore, the increasing demand for catalog management solutions in the eCommerce industry drives the catalog management system market growth.

The increasing internet penetration is expected to propel the growth of the catalog management system market going forward. The internet is a global network of interconnected computers, providing access to a vast array of information and services, making it an essential part of modern life. The internet plays a pivotal role in catalog management systems, enabling businesses to efficiently update, organize, and share product information while ensuring real-time accessibility to customers and partners. For instance, in July 2023, according to the Canadian Internet Use Survey 2022 by Statistics Canada, a Canada-based government agency for national statistics, internet usage among Canadians aged 15 and older increased from 92% in 2020 to 95% in 2022. Canadians 75 years of age and older experienced the biggest increase, going from 62% in 2020 to 72% in 2022. Therefore, the increasing internet penetration is driving the growth of the catalog management system market.

Artificial intelligence and automation have emerged as a key trend gaining popularity in catalog management systems. The catalog management system is a process that enables brand suppliers to deliver quality product data across a full catalog. Artificial intelligence and automation are approaches and theories that are used to construct computers that can simulate intelligence. The catalog system's AI and automation improve product tagging, description, visualization, catalog insights, and other features. For instance, according to Vue. ai, a U. S. -based end-to-end retail automation platform, catalog system AI and automation improvements have resulted in a 51% increase in accuracy for better search and discovery, a 75% reduction in traditional photoshoot costs, a 40% increase in conversion rate, and a 30% increase in unique product views in 2021.

Major companies operating in the catalog management system market are focused on launching no-cost catalogs to gain a competitive edge in the market. No-cost catalogs provide a cost-effective way for businesses to showcase their products and reach a wider audience without incurring additional expenses. For instance, in April 2022, Salsify Inc., a US-based e-commerce software company, launched a new Open Catalog for retailers in the grocery, alcoholic beverage, and petcare categories. Salsify Open Catalog is a no-cost, open, and standardized repository of product content, offering retailers and brands a seamless way to exchange information, guaranteeing that every retailer possesses current product data, all the while streamlining the process for both parties. Open catalogs consolidate product details into a unified, standardized structure, permitting all participants to collectively access and revise data in real time.

In October 2021, Salsify, a US-based software company, acquired SKUvantage for an undisclosed amount. Through this acquisition, Salsify expands its commerce experience management network to Australia. SKUvantage is an Australia-based company that offers Commerce Experience Management (CommerceXM) platform.

Major companies operating in the in the catalog management system market report are International Business Machines Corporation, SAP SE, Oracle Corporation, Salsify Inc., Coupa Software India Pvt. Ltd., ServiceNow Inc., Proactis Holdings Limited, Broadcom Inc., Fujitsu Limited, Comarch SA, Zycus Inc., GEP Worldwide, Telefonaktiebolaget LM Ericsson, Amdocs Limited, Episerver Inc., Hansen Technologies Limited, Vinculum Inc., Claritum Limited, EJeeva Technologies Pvt. Ltd., SunTec Business Solutions Pvt. Ltd., Plytix. com Inc., Mirakl Inc., Sellercloud Inc., Vroozi Inc., CatBase Publishing Systems Ltd., Akeneo SAS, nChannel Inc., Contalog, Sales Layer S. L., Hubwoo Inc., Pinnacle Cart (Actinic), Sigmento Inc.

North America was the largest region in the catalog management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the catalog management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the catalog management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The catalog management system market includes revenues earned by entities by providing software tools that automate the processes of editing, adding, and modifying product information to organize and consolidate e-commerce product data at a single source. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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