Market Overview:
The Catalog Management System Market, estimated to reach $3.2 billion by 2030 with a CAGR of 10.1% from 2024-2030, growing importance of Omni-channel retailing is a key driver of Catalog Management System (CMS) adoption, ensuring consistent and accurate product data across multiple sales channels. Integration with Amazon, eBay, Shopify, and Magento enables real-time synchronization of inventory, pricing, and product details. By centralizing and managing information efficiently, CMS enhances operational efficiency and customer experience, fueling market growth from 2024 to 2030.
Regional Insights:
Asia-Pacific dominated the Catalog Management System Market in 2023, driven by rapid economic growth, urbanization, and expanding digital commerce. Growing e-commerce adoption, rising smartphone penetration, and increasing internet access have fueled demand for CMS solutions. Businesses are investing in advanced catalog management to enhance online sales and customer engagement. The region’s competitive landscape continues to spur innovation, further driving CMS market growth.
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Catalog Management System Market: Recent Development
• In July 2024, Syracuse University Libraries upgraded to a new cloud-based library services platform that includes an updated Libraries Search interface on June 26. The Libraries replaced Voyager, its decades-old catalog and back-end inventory system, and the Summon search interface with Ex Libris’ Alma and Primo VE platform. The new platform modernizes the Libraries’ ability to manage and deliver resources more efficiently, streamlining workflows and facilitating better collaboration among library staff.
• In July 2024, Linnworks, a leading provider of ecommerce inventory and order management software, launched Order Management for SkuVault. This module is designed to provide businesses with more automation, giving them efficient ways to manage and route orders across multiple warehouses.
• In July 2024, REI Systems, a technology service provider with a 35-year history of delivering reliable, effective, and innovative solutions that advance government launched GovGrants 3.0. GovGrants 3.0 is the newest version of REI's full-lifecycle grants management product.
Catalog Management System Market: Competitive Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Catalog Management System Industry. The top 10 companies in the Catalog Management System market are-
1. IBM Corporation
2. SAP
3. Oracle Corporation
4. Zycus Inc.
5. Salsify
6. Amdocs
7. Coupa Software Inc.
8. Proactis Holdings Limited
9. ServiceNow
10. Broadcom Inc.
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