About Catalog Management Software
Catalog management is the strategic process of managing product catalog to ensure the quality of product data across all the sales channels. Catalog management consists of organizing, standardizing, and publishing product data to each sales channel. It is a dynamic process that enables suppliers to quickly broadcast product and price changes, and introduce latest items.
Technavio’s analysts forecast the global catalog management software market to grow at a CAGR of 12.89% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global catalog management software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of catalog management software.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Catalog Management Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global catalog management software market: Coupa Software, Hubwoo, Oracle, and SAP.
Other Prominent Vendors in the market are: Actinic Software, Contalog, DCatalog, Computer Pundits, eJeeva.com, En Interactive Technologies, Mobius Knowledge Services, PLM Group, Salsify, Sigmento, VINIEO, Vroozi, Würth Industrie Service, and Zycus.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for service catalogs. The service catalogs are critical to enterprises that are looking for optimizing IT efficiencies, business outcomes, and service delivery. They are a way of supporting both enterprise and IT services, as well as optimizing IT for cost and value. Service catalogs are becoming more important both to IT organizations as well as to the businesses and organizations they serve.”
According to the report, one driver in the market is increasing demand for improved catalog management. Catalogs are an important aspect of any business; it is more than the list of items available for purchase. Catalogs can be an essential part of the purchasing process in delivering ultimate realized savings. The main criteria for buyers who are looking to purchase vital supplies is the delivery and availability of required items. Thus, there is need of a catalog management software that offers the easiest way for customers to buy the services and goods they need.
Further, the report states that one challenge in the market is increasing threat from open-source software. Several organizations have developed open-source software solutions that are accessible to end-users free of cost. Open-source catalog management software enables users to make changes to the software as per their requirements. Therefore, enterprises or organizations that have a low budget for management solutions opt for open-source software. This reduces the demand for paid catalog management software.
Coupa Software, Hubwoo, Oracle, and SAP.Actinic Software, Contalog, DCatalog, Computer Pundits, eJeeva.com, En Interactive Technologies, Mobius Knowledge Services, PLM Group, Salsify, Sigmento, VINIEO, Vroozi, Würth Industrie Service, and Zycus.
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