DUBLIN–(BUSINESS WIRE)–The “Global Catalog Management Systems Market with COVID-19 Impact by Type (Product Catalogs and Service Catalogs), Component, Deployment Type, Organization Size (Large Enterprises and SMEs), Vertical, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global catalog management systems market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period, to reach USD 1.94 billion by 2026 from USD 1.17 billion in 2021.
Key factors that are expected to drive the growth of the market are the rising consumer demand for products, growing internet access, and rising penetration of smartphones demand which is acting as a catalyst for catalog management solutions from the e-commerce industries.
Indispensable requirement of data hubs for better data syndication and compelling need for eliminating data inconsistencies across multiple data silos. These factors are driving the demand for catalog management systems.
The COVID-19 Impact on the global catalog management systems tools market
The pandemic has had a positive impact on the catalog management systems market. COVID-19 has led to digital transformation across multiple industries, including retail and eCommerce, telecom, and media and entertainment. These solutions provide a quick snapshot of products in a channel, and capture and upload data and map it to customer needs. They also help in validating,…