Published Date : Jul 31, 2017
ALBANY, New York, July 31, 2017 – The global catalog management software market has been envisaged in a publication added by MarketResearchReports.biz to exhibit a healthy CAGR of 12.89% for the forecast period 2017–2021. Titled “Global Catalog Management Software Market 2017-2021,” the publication has been added to the information and communication technology (ICT) archive of market research reports. The authors of the publication have brought to light some of the most decisive and critical aspects of the market deemed important for its growth and future prospects.
According to the reports of the world catalog management software market presented in the report, industry players could find factors such as rising demand for enhanced catalog management significant for their growth. Having that mentioned, there could be other factors such as elevating threat from open-source software that have been prophesied to hamper the growth of the demand for catalog management software. However, industry trends such as the surging demand for service catalogs could create ample of business opportunities in the market. Besides this, e-commerce merchants requiring product catalog management at a telling degree and the magnifying emergence of analytics in catalog management software have been foreseen to secure a tangible growth in the market.
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One of the leading factors of growth in the world catalog management software market could be the increasing affordability of the products. The demand for catalog management software has been forecasted to increase on the back of economic planning and pricing options offered by providers. End users could take advantage of catalog management software to enable automation while managing contact information, massive databases of suppliers, and other product details. The transparent and upfront nature of the fees associated with the catalog management marketplace model could bode well for the market.
In respect of regional reports, the international market for catalog management software could see a classification that includes regions such as Europe, the Middle East, and Africa, Asia Pacific, and the Americas. Throughout the course of the forecast period, the Americas have been envisioned to showcase a significant growth in the market while majorly contributing toward its revenue growth. With a view to focus on their ability to conduct customer target marketing and ensure improved quality of product information, several industries have been prognosticated to adopt catalog management software. The Americas market for catalog management software could be bolstered further with the aggressive growth of data generation in various sectors such as e-commerce, healthcare, and retail on account of amplified digital transformation.
The worldwide catalog management software market has been anticipated to witness a high level of competition owing to the presence of a number of players. Most players could take to new product development and innovation for catering to the needs and demands of customers. Companies such as SAP, Oracle, Hubwoo, and Coupa Software have been profiled in the report.
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