Global Product Information Management Market to Reach $31.6 Billion by 2030
The global market for Product Information Management estimated at US$15.5 Billion in the year 2023, is expected to reach US$31.6 Billion by 2030, growing at a CAGR of 10.7% over the period 2023-2030. Product Information Management Solutions, one of the segments analyzed in the report, is expected to record 10.1% CAGR and reach US$23.4 Billion by the end of the analysis period. Growth in the Product Information Management Services segment is estimated at 12.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 14.1% CAGR
The Product Information Management market in the U.S. is estimated at US$4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.4 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 8.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
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