New York, United States: E Commerce Platform Software market report is an expert’s study that focuses mostly on businesses, categories, applications, regions, and other subcategories. In addition to this, the reports include an analysis of sales and revenue, as well as trade, competition, investment, and projections.
E Commerce Platform Software Market Research studies explore the effects of COVID-19 on the upstream, midstream, and downstream sectors of the industry. In addition, this analysis provides extensive market estimations by putting an emphasis on data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.
The global E-Commerce Platform Software market is expected to grow at CAGR 18% during the forecast period 2019-2026
Competitive Players
Some of the key players operating in the E Commerce Platform Software market are YoKart, Tictail, IBM Digital, Magneto, Shopify, Big Commerce, VTEX, WooCommerce, Miva, The Winner, Voulsion, PinnacleCart, X-cart cloud, Aabaco, 3dcart, and E-Cart Cloud.
Get Free Request demo Report @ https://straitsresearch.com/report/e-commerce-platform-software-market/request-sample
The E Commerce Platform Software market report helps a wide range of businesses figure out what their consumers truly want by doing extensive market research. When it comes to new products, every company owner wants to know how much demand there is, and this report is a great resource. Additional benefits include ensuring that the most exact market developments are covered. You may keep a close check on key rivals and their company growth tactics by studying the E Commerce Platform Software market research. It also does an in-depth research for the years 2019-2026 in order to provide company owners with new business options.
This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most exact advances in both historical and current settings.
Global E Commerce Platform Software Market: Segmentation
By Deployment, On-Premise, Software as a Service (SaaS),
By Platform, Hosted E-commerce Platforms, Self-Hosted E-commerce Platforms,
By Business Size, Small, Medium, Large, ,
By Industry, Food & Beverage, Fashion & Lifestyle, Health & Beauty, Media & Entertainment, Automotive, Consumer Electronics, Others,
By Application, Catalogue Management, Inventory Management, SEO Management, Shopping Cart, Returns Management, Order Management, Email Marketing, Multi-Store Management, Channel Management, Others,
The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2019 to 2026 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
This Report is available for purchase on Buy E Commerce Platform Software Market Report
Key Highlights
Principal Motives Behind the Purchase:
Read Full Report with Table of Content and Figures E Commerce Platform Software Market Report with TOC
Trending Report:
About Us:
StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.
Contact Us:
Email: [email protected]
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846
Website: https://straitsresearch.com/
IBM (IBM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this technology and consulting company have returned -6.4% over the past month versus the Zacks S&P 500 composite's +7.8% change. The Zacks Computer - Integrated Systems industry, to which IBM belongs, has lost 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
IBM is expected to post earnings of $1.88 per share for the current quarter, representing a year-over-year change of -25.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -27.5%.
The consensus earnings estimate of $9.47 for the current fiscal year indicates a year-over-year change of +19.4%. This estimate has changed -4.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.05 indicates a change of +6.2% from what IBM is expected to report a year ago. Over the past month, the estimate has changed -6.3%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the exact change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for IBM.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For IBM, the consensus sales estimate for the current quarter of $13.91 billion indicates a year-over-year change of -21%. For the current and next fiscal years, $59.9 billion and $61.2 billion estimates indicate -15.4% and +2.2% changes, respectively.
Last Reported Results and Surprise History
IBM reported revenues of $15.54 billion in the last reported quarter, representing a year-over-year change of -17.1%. EPS of $2.31 for the same period compares with $2.33 a year ago.
Compared to the Zacks Consensus Estimate of $15.12 billion, the reported revenues represent a surprise of +2.75%. The EPS surprise was +0.87%.
Over the last four quarters, IBM surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
IBM is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about IBM. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can get 7 Best Stocks for the Next 30 Days. Click to get this free report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Debdoot Mukherjee is the Chief Data Scientist and Head of AI at Meesho, the Indian origin social commerce platform at the forefront of the boundaryless workplace model that became a norm in the aftermath of the Covid-19 pandemic. Upon completing his postgraduate degree from IIT-Delhi, Mukherjee began his career in the research division at IBM, where he attained expertise in Information Retrieval and Machine Learning techniques. He then journeyed on to work in impactful roles at companies like Hike, Myntra and ShareChat before leading the AI and data science division at Meesho.
In an exclusive interview with Analytics India Magazine, Debdoot Mukherjee opened up about his journey into data science, machine learning and everything AI.
AIM: What attracted you to this field?
Debdoot: My first brush with machine learning was during my masters where I took a few courses related to the subject. As I progressed, my interest in the field kept growing. Post graduation, I joined IBM research where I got a chance to go deep into new technologies. It became a routine where machine learning was turning out to be a great tool to apply in every project. In the last decade, progress in the field of AI/ML has trumped all of us. Later when I moved to Myntra, I got the opportunity to apply all the techniques that I’d learnt to achieve significant results. That’s what keeps me going in this field.
AIM: Would you say holding a degree in data science/AI is enough?
Debdoot: Machine learning is a field where theoretical knowledge is very important. Awareness of the right state-of-the-art ML techniques and knowing how to implement them on the problem statement requires a great deal of clarity on the theoretical foundations of the subject. So, from the standpoint of formal training, a degree does not seem important. However, it is of paramount importance that the foundations are clear, which then comes from proper college training. After gaining theoretical knowledge, the next step is to understand the practical applications, which comes with hands-on projects, hackathons and such. Practicing these techniques as part of an industry or academia provides a broad perspective on applications which result in out of the box solutions.
AIM: With so many patents to your name, how were you able to come up with such ideas?
Debdoot: It is all part and parcel of working in a research lab. The goal of researchers is to look for and develop ideas that have a significant impact. One is also expected to drive this impact in both the business world and academic world. Overtime, one does get a playbook on how to convert ideas into patents.
AIM: How does Meesho leverage AI/ML in its business ?
Debdoot: The mission statement of Meesho is to use AI/ML as a sort of enabler to all pillars of e-commerce platforms, marketplace trends, and such. There are a lot of applications on the demand side, like the consumer side where people discover products—be it the feed that one landed on, or opening a different category listing pages on an app or sifting through the search interface itself—AI is being integrated in features like computer vision, virtual assistants, search enablement to Boost the user experience. We are also working on the preempt mechanism and, with time and history of user preferences, we will be able to recommend certain products that a user will need in the future. However, a lot of this is serendipitous discovery, where, based on the depth of understanding, the user can be recommended a lot of products, without having a clear shopping intent in that category. Now from the supply side, the scenario is not that different. A lot of applications are largely led by recommendation systems and ranking monitors on a variety of touch points.
AIM: Your vision for the future?
Debdoot: In this day and age, AI has become a prerequisite for a successful business as a major part of the business process has AI/ML techniques integrated into them. However, there are many other industries where AI adoption is still in its infancy. Artificial intelligence has the power to not only transform businesses but also society at large. AI can do well in some variability of large and structured data sets but it struggles to replicate intuition. Natural Language Processing, object detection and image generation are some of the challenges that research institutes and scientists are working to crack. My vision is that AI/ML models create solutions that humans can utilise in various tasks, but not replace humans in any manner.
AIM: What is your point of view on AGI? Have we achieved it yet?
Debdoot: I’m pretty sure that we haven’t achieved it yet. However, sentience in its essence is fairly subjective, like emotion, perception and so on. AI has not reached the level of human intelligence as a lot of these machines still fall short in comparison to the human brain. Keeping that in mind, the next phase of development is mimicking the workings of the human brain. The metric might not be the same and for most cases, AI requires a lot of data, pre-conditions, and such. One must look into nature for answers. The solution is natural and causal. So far, the end result has been very good. But, we need to fundamentally change the approach and then you can think of getting closer to AGI.
Growth Across Key Segments Led by Hybrid Cloud Adoption; Solid Cash and Profit Generation
ARMONK, N.Y., July 18, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced second-quarter 2022 earnings results.
"In the quarter we delivered good revenue performance with balanced growth across our geographies, driven by client demand for our hybrid cloud and AI offerings. The IBM team executed our strategy well," said Arvind Krishna, IBM chairman and chief executive officer. "With our first half results, we continue to expect full-year revenue growth at the high end of our mid-single digit model."
Second-Quarter Highlights
SECOND QUARTER 2022 INCOME STATEMENT SUMMARY | ||||||||||||||||||
Pre-tax | ||||||||||||||||||
Gross | Pre-tax | Income | Net | Diluted | ||||||||||||||
Revenue | Profit | Income | Margin | Income | EPS | |||||||||||||
GAAP from Continuing Operations |
$ | 15.5B | $ | 8.3B | $ | 1.7B | 11.1 | % | $ | 1.5B | $ | 1.61 | ||||||
Year/Year | 9 | %* | 6 | % | 89 | % | 4.7 | Pts | 81 | % | 79 | % | ||||||
Operating (Non-GAAP) |
$ | 8.5B | $ | 2.5B | 16.2 | % | $ | 2.1B | $ | 2.31 | ||||||||
Year/Year | 5 | % | 48 | % | 4.2 | Pts | 45 | % | 43 | % | ||||||||
*16% at constant currency |
"We are a faster-growing, focused, disciplined company with sound business fundamentals," said James Kavanaugh, IBM senior vice president and chief financial officer. "Our recurring revenue stream and solid cash generation position us well to continue to invest in R&D, acquire new companies, and strengthen our talent in every part of the business, while also returning value to shareholders through our dividend."
Segment Results for Second Quarter
Cash Flow and Balance Sheet
On a consolidated basis, in the second quarter, the company generated net cash from operating activities of $1.3 billion or $2.6 billion excluding IBM Financing receivables. IBM's free cash flow was $2.1 billion. The company returned $1.5 billion to shareholders in dividends in the second quarter.
On a consolidated basis, for the first six months of the year, the company generated net cash from operating activities of $4.6 billion or $4.2 billion excluding IBM Financing receivables. IBM's free cash flow was $3.3 billion, which includes cash impacts from the company's structural actions initiated at the end of 2020.
IBM ended the second quarter with $7.8 billion of cash on hand (which includes marketable securities), up $0.2 billion from year-end 2021. Debt, including IBM Financing debt of $12.3 billion, totaled $50.3 billion, down $1.4 billion since the end of 2021.
Full-Year 2022 Expectations
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data privacy considerations; adverse effects related to climate change and environmental matters, tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; potential failure of the separation of Kyndryl Holdings, Inc. to qualify for tax-free treatment; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.
Presentation of Information in this Press Release
On November 3, 2021, IBM completed the separation of Kyndryl. Unless otherwise specified, results are presented on a continuing operations basis. All references to revenue impacts from sales to Kyndryl are incremental sales post-separation.
In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors:
IBM results —
The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8‑K that includes this press release and is being submitted today to the SEC.
Conference Call and Webcast
IBM's regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. EDT, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-2q22. Presentation charts will be available shortly before the Webcast.
Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).
Contact: IBM
Sarah Meron, 347 891 1770
sarah.meron@ibm.com
Tim Davidson, 914 844 7847
tfdavids@us.ibm.com
INTERNATIONAL BUSINESS MACHINES CORPORATION COMPARATIVE FINANCIAL RESULTS (Unaudited; Dollars in millions except per share amounts) | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2022 | 2021* | 2022 | 2021* | |||||||||||||
REVENUE | ||||||||||||||||
Software | $ | 6,166 | $ | 5,795 | $ | 11,938 | $ | 10,933 | ||||||||
Consulting | 4,809 | 4,378 | 9,637 | 8,641 | ||||||||||||
Infrastructure | 4,235 | 3,560 | 7,453 | 6,853 | ||||||||||||
Financing | 146 | 209 | 300 | 417 | ||||||||||||
Other | 180 | 277 | 404 | 561 | ||||||||||||
TOTAL REVENUE | 15,535 | 14,218 | 29,732 | 27,405 | ||||||||||||
GROSS PROFIT | 8,290 | 7,852 | 15,625 | 14,879 | ||||||||||||
GROSS PROFIT MARGIN | ||||||||||||||||
Software | 79.2 | % | 79.7 | % | 79.0 | % | 78.8 | % | ||||||||
Consulting | 24.2 | % | 27.6 | % | 24.3 | % | 27.7 | % | ||||||||
Infrastructure | 53.8 | % | 57.1 | % | 52.4 | % | 56.7 | % | ||||||||
Financing | 35.3 | % | 29.9 | % | 36.5 | % | 32.7 | % | ||||||||
TOTAL GROSS PROFIT MARGIN | 53.4 | % | 55.2 | % | 52.6 | % | 54.3 | % | ||||||||
EXPENSE AND OTHER INCOME | ||||||||||||||||
S,G&A | 4,855 | 4,849 | 9,452 | 9,536 | ||||||||||||
R,D&E | 1,673 | 1,641 | 3,352 | 3,257 | ||||||||||||
Intellectual property and custom development income | (176) | (133) | (297) | (278) | ||||||||||||
Other (income) and expense | (81) | 302 | 166 | 647 | ||||||||||||
Interest expense | 297 | 281 | 607 | 561 | ||||||||||||
TOTAL EXPENSE AND OTHER INCOME | 6,568 | 6,940 | 13,280 | 13,724 | ||||||||||||
INCOME/(LOSS) FROM CONTINUING OPERATIONS | ||||||||||||||||
BEFORE INCOME TAXES | 1,722 | 912 | 2,345 | 1,155 | ||||||||||||
Pre-tax margin | 11.1 | % | 6.4 | % | 7.9 | % | 4.2 | % | ||||||||
Provision for/(Benefit from) income taxes | 257 | 101 | 218 | (58) | ||||||||||||
Effective tax rate | 14.9 | % | 11.1 | % | 9.3 | % | (5.0) | % | ||||||||
INCOME FROM CONTINUING OPERATIONS | $ | 1,465 | $ | 810 | $ | 2,127 | $ | 1,213 | ||||||||
DISCONTINUED OPERATIONS | ||||||||||||||||
Income/(Loss) from discontinued operations, net of taxes | (73) | 515 | (2) | 1,067 | ||||||||||||
NET INCOME | $ | 1,392 | $ | 1,325 | $ | 2,125 | $ | 2,280 | ||||||||
EARNINGS/(LOSS) PER SHARE OF COMMON STOCK | ||||||||||||||||
Assuming Dilution | ||||||||||||||||
Continuing Operations | $ | 1.61 | $ | 0.90 | $ | 2.34 | $ | 1.34 | ||||||||
Discontinued Operations | $ | (0.08) | $ | 0.57 | $ | 0.00 | $ | 1.18 | ||||||||
TOTAL | $ | 1.53 | $ | 1.47 | $ | 2.34 | $ | 2.52 | ||||||||
Basic | ||||||||||||||||
Continuing Operations | $ | 1.62 | $ | 0.91 | $ | 2.36 | $ | 1.36 | ||||||||
Discontinued Operations | $ | (0.08) | $ | 0.57 | $ | 0.00 | $ | 1.19 | ||||||||
TOTAL | $ | 1.54 | $ | 1.48 | $ | 2.36 | $ | 2.55 | ||||||||
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (M's) | ||||||||||||||||
Assuming Dilution | 910.7 | 904.2 | 910.0 | 903.0 | ||||||||||||
Basic | 901.5 | 895.0 | 900.4 | 894.3 | ||||||||||||
____________________ | ||||||||||||||||
* Recast to conform with 2022 presentation. |
INTERNATIONAL BUSINESS MACHINES CORPORATION CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) | ||||||
At | At | |||||
June 30, | December 31, | |||||
(Dollars in Millions) | 2022 | 2021 | ||||
ASSETS: | ||||||
Current Assets: | ||||||
Cash and cash equivalents | $ | 7,034 | $ | 6,650 | ||
Restricted cash | 220 | 307 | ||||
Marketable securities | 524 | 600 | ||||
Notes and accounts receivable - trade, net | 5,867 | 6,754 | ||||
Short-term financing receivables, net | 7,233 | 8,014 | ||||
Other accounts receivable, net | 909 | 1,002 | ||||
Inventories | 1,684 | 1,649 | ||||
Deferred costs | 1,010 | 1,097 | ||||
Prepaid expenses and other current assets | 3,414 | 3,466 | ||||
Total Current Assets | 27,896 | 29,539 | ||||
Property, plant and equipment, net | 5,275 | 5,694 | ||||
Operating right-of-use assets, net | 2,848 | 3,222 | ||||
Long-term financing receivables, net | 5,316 | 5,425 | ||||
Prepaid pension assets | 9,930 | 9,850 | ||||
Deferred costs | 865 | 924 | ||||
Deferred taxes | 7,073 | 7,370 | ||||
Goodwill | 55,039 | 55,643 | ||||
Intangibles, net | 11,571 | 12,511 | ||||
Investments and sundry assets | 1,689 | 1,823 | ||||
Total Assets | $ | 127,503 | $ | 132,001 | ||
LIABILITIES: | ||||||
Current Liabilities: | ||||||
Taxes | $ | 1,742 | $ | 2,289 | ||
Short-term debt | 5,981 | 6,787 | ||||
Accounts payable | 3,707 | 3,955 | ||||
Deferred income | 12,522 | 12,518 | ||||
Operating lease liabilities | 884 | 974 | ||||
Other liabilities | 7,008 | 7,097 | ||||
Total Current Liabilities | 31,844 | 33,619 | ||||
Long-term debt | 44,328 | 44,917 | ||||
Retirement related obligations | 13,118 | 14,435 | ||||
Deferred income | 3,069 | 3,577 | ||||
Operating lease liabilities | 2,182 | 2,462 | ||||
Other liabilities | 13,486 | 13,996 | ||||
Total Liabilities | 108,026 | 113,005 | ||||
EQUITY: | ||||||
IBM Stockholders' Equity: | ||||||
Common stock | 57,802 | 57,319 | ||||
Retained earnings | 153,298 | 154,209 | ||||
Treasury stock — at cost | (169,522) | (169,392) | ||||
Accumulated other comprehensive income/(loss) | (22,169) | (23,234) | ||||
Total IBM Stockholders' Equity | 19,409 | 18,901 | ||||
Noncontrolling interests | 67 | 95 | ||||
Total Equity | 19,476 | 18,996 | ||||
Total Liabilities and Equity | $ | 127,503 | $ | 132,001 |
INTERNATIONAL BUSINESS MACHINES CORPORATION CASH FLOW ANALYSIS (Unaudited) | |||||||||||||||
Trailing Twelve | |||||||||||||||
Three Months Ended | Six Months Ended | Months Ended | |||||||||||||
June 30, | June 30, | June 30, | |||||||||||||
(Dollars in Millions) | 2022 | 2021 | 2022 | 2021 | 2022 | ||||||||||
Consolidated Net Cash from Operations per GAAP | $ | 1,321 | $ | 2,625 | $ | 4,569 | $ | 7,539 | $ | 9,826 | |||||
Less: change in IBM Financing receivables | (1,264) | 900 | 367 | 3,763 | 511 | ||||||||||
Capital Expenditures, net | (494) | (688) | (871) | (1,217) | (2,035) | ||||||||||
Consolidated Free Cash Flow | 2,091 | 1,037 | 3,331 | 2,559 | 7,279 | ||||||||||
Acquisitions | (260) | (1,747) | (958) | (2,866) | (1,385) | ||||||||||
Divestitures | 1,207 | (10) | 1,268 | (25) | 1,408 | ||||||||||
Dividends | (1,488) | (1,467) | (2,963) | (2,924) | (5,907) | ||||||||||
Non-Financing Debt | (2,934) | (586) | 1,740 | (2,331) | 2,880 | ||||||||||
Other (includes IBM Financing net receivables and debt) | (1,607) | (335) | (2,197) | (522) | (4,661) | ||||||||||
Change in Cash, Cash Equivalents, Restricted Cash and Short-term Marketable Securities* |
$ | (2,991) | $ | (3,108) | $ | 221 | $ | (6,110) | $ | (387) | |||||
____________________ | |||||||||||||||
* Cash flows are presented on a consolidated basis. |
INTERNATIONAL BUSINESS MACHINES CORPORATION CASH FLOW (Unaudited) | ||||||||||||
Three Months Ended | Six Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
(Dollars in Millions) | 2022 | 2021 | 2022 | 2021 | ||||||||
Net Income from Operations | $ | 1,392 | $ | 1,325 | $ | 2,125 | $ | 2,280 | ||||
Depreciation/Amortization of Intangibles | 1,245 | 1,680 | 2,501 | 3,352 | ||||||||
Stock-based Compensation | 254 | 243 | 488 | 457 | ||||||||
Working Capital / Other | (307) | (1,524) | (912) | (2,313) | ||||||||
IBM Financing A/R | (1,264) | 900 | 367 | 3,763 | ||||||||
Net Cash Provided by Operating Activities | $ | 1,321 | $ | 2,625 | $ | 4,569 | $ | 7,539 | ||||
Capital Expenditures, net of payments & proceeds | (494) | (688) | (871) | (1,217) | ||||||||
Divestitures, net of cash transferred | 1,207 | (10) | 1,268 | (25) | ||||||||
Acquisitions, net of cash acquired | (260) | (1,747) | (958) | (2,866) | ||||||||
Marketable Securities / Other Investments, net | (281) | (227) | (625) | (562) | ||||||||
Net Cash Provided by/(Used in) Investing Activities | $ | 172 | $ | (2,671) | $ | (1,186) | $ | (4,671) | ||||
Debt, net of payments & proceeds | (2,514) | (1,500) | 434 | (5,799) | ||||||||
Dividends | (1,488) | (1,467) | (2,963) | (2,924) | ||||||||
Financing - Other | (195) | (163) | (290) | (190) | ||||||||
Net Cash Provided by/(Used in) Financing Activities | $ | (4,197) | $ | (3,131) | $ | (2,819) | $ | (8,914) | ||||
Effect of Exchange Rate changes on Cash | (262) | 69 | (267) | (65) | ||||||||
Net Change in Cash, Cash Equivalents and Restricted Cash* | $ | (2,965) | $ | (3,108) | $ | 297 | $ | (6,110) | ||||
____________________ | ||||||||||||
* Cash flows are presented on a consolidated basis. |
INTERNATIONAL BUSINESS MACHINES CORPORATION SEGMENT DATA (Unaudited) | |||||||||||||
Three Months Ended June 30, 2022 | |||||||||||||
(Dollars in Millions) | Software | Consulting | Infrastructure | Financing | |||||||||
Revenue | $ | 6,166 | $ | 4,809 | $ | 4,235 | $ | 146 | |||||
Pre-tax Income/(Loss) from Continuing Operations | $ | 1,375 | $ | 343 | $ | 757 | $ | 102 | |||||
Pre-tax Margin | 22.3 | % | 7.1 | % | 17.9 | % | 69.7 | % | |||||
Change YTY Revenue | 6.4 | % | 9.8 | % | 19.0 | % | (29.9) | % | |||||
Change YTY Revenue - constant currency | 11.6 | % | 17.8 | % | 25.4 | % | (26.6) | % | |||||
Three Months Ended June 30, 2021* | |||||||||||||
(Dollars in Millions) | Software | Consulting | Infrastructure | Financing | |||||||||
Revenue | $ | 5,795 | $ | 4,378 | $ | 3,560 | $ | 209 | |||||
Pre-tax Income/(Loss) from Continuing Operations | $ | 1,059 | $ | 270 | $ | 489 | $ | 131 | |||||
Pre-tax Margin | 18.3 | % | 6.2 | % | 13.7 | % | 63.0 | % | |||||
____________________ | |||||||||||||
* Recast to conform with 2022 presentation. | |||||||||||||
Six Months Ended June 30, 2022 | |||||||||||||
(Dollars in Millions) | Software | Consulting | Infrastructure | Financing | |||||||||
Revenue | $ | 11,938 | $ | 9,637 | $ | 7,453 | $ | 300 | |||||
Pre-tax Income/(Loss) from Continuing Operations | $ | 2,509 | $ | 691 | $ | 956 | $ | 186 | |||||
Pre-tax Margin | 21.0 | % | 7.2 | % | 12.8 | % | 62.0 | % | |||||
Change YTY Revenue | 9.2 | % | 11.5 | % | 8.8 | % | (28.0) | % | |||||
Change YTY Revenue - constant currency | 13.4 | % | 17.6 | % | 13.4 | % | (25.5) | % | |||||
Six Months Ended June 30, 2021* | |||||||||||||
(Dollars in Millions) | Software | Consulting | Infrastructure | Financing | |||||||||
Revenue | $ | 10,933 | $ | 8,641 | $ | 6,853 | $ | 417 | |||||
Pre-tax Income/(Loss) from Continuing Operations | $ | 1,717 | $ | 547 | $ | 780 | $ | 229 | |||||
Pre-tax Margin | 15.7 | % | 6.3 | % | 11.4 | % | 55.0 | % | |||||
____________________ | |||||||||||||
* Recast to conform with 2022 presentation. |
INTERNATIONAL BUSINESS MACHINES CORPORATION U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION (Unaudited; Dollars in millions except per share amounts) | |||||||||||||||||||
Three Months Ended June 30, 2022 | |||||||||||||||||||
Continuing Operations | |||||||||||||||||||
Acquisition- | Retirement- | Tax | Kyndryl- | ||||||||||||||||
Related | Related | Reform | Related | Operating | |||||||||||||||
GAAP | Adjustments | Adjustments | Impacts | Impacts | (Non-GAAP) | ||||||||||||||
Gross Profit | $ | 8,290 | $ | 180 | $ | — | $ | — | $ | — | $ | 8,470 | |||||||
Gross Profit Margin | 53.4 | % | 1.2 | pts. | — | pts. | — | pts. | — | pts. | 54.5 | % | |||||||
S,G&A | $ | 4,855 | $ | (279) | $ | — | $ | — | $ | (0) | $ | 4,576 | |||||||
Other (Income) & Expense | (81) | (1) | (192) | — | (145) | (418) | |||||||||||||
Total Expense & Other (Income) | 6,568 | (280) | (192) | — | (145) | 5,952 | |||||||||||||
Pre-tax Income from Continuing | 1,722 | 460 | 192 | — | 145 | 2,518 | |||||||||||||
Pre-tax Income Margin from | 11.1 | % | 3.0 | pts. | 1.2 | pts. | — | pts. | 0.9 | pts. | 16.2 | % | |||||||
Provision for/(Benefit from) Income | $ | 257 | $ | 115 | $ | 46 | $ | (4) | $ | — | $ | 413 | |||||||
Effective Tax Rate | 14.9 | % | 1.8 | pts. | 0.7 | pts. | (0.2) | pts. | (0.9) | pts. | 16.4 | % | |||||||
Income from Continuing Operations | $ | 1,465 | $ | 345 | $ | 146 | $ | 4 | $ | 145 | $ | 2,105 | |||||||
Income Margin from Continuing | 9.4 | % | 2.2 | pts. | 0.9 | pts. | 0.0 | pts. | 0.9 | pts. | 13.5 | % | |||||||
Diluted Earnings/(Loss) Per Share: | $ | 1.61 | $ | 0.38 | $ | 0.16 | $ | 0.00 | $ | 0.16 | $ | 2.31 | |||||||
Three Months Ended June 30, 2021 | |||||||||||||||||||
Continuing Operations | |||||||||||||||||||
Acquisition- | Retirement- | Tax | Kyndryl- | ||||||||||||||||
Related | Related | Reform | Related | Operating | |||||||||||||||
GAAP | Adjustments | Adjustments | Impacts | Impacts | (Non-GAAP) | ||||||||||||||
Gross Profit | $ | 7,852 | $ | 179 | $ | — | $ | — | $ | — | $ | 8,031 | |||||||
Gross Profit Margin | 55.2 | % | 1.3 | pts. | — | pts. | — | pts. | — | pts. | 56.5 | % | |||||||
S,G&A | $ | 4,849 | $ | (294) | $ | — | $ | — | $ | — | $ | 4,555 | |||||||
Other (Income) & Expense | 302 | (1) | (317) | — | — | (16) | |||||||||||||
Total Expense & Other (Income) | 6,940 | (294) | (317) | — | — | 6,329 | |||||||||||||
Pre-tax Income/(Loss) from Continuing | 912 | 474 | 317 | — | — | 1,702 | |||||||||||||
Pre-tax Income Margin from | 6.4 | % | 3.3 | pts. | 2.2 | pts. | — | pts. | — | pts. | 12.0 | % | |||||||
Provision for/(Benefit from) Income | $ | 101 | $ | 105 | $ | 53 | $ | (14) | $ | — | $ | 246 | |||||||
Effective Tax Rate | 11.1 | % | 3.1 | pts. | 1.0 | pts. | (0.8) | pts. | — | pts. | 14.5 | % | |||||||
Income from Continuing Operations | $ | 810 | $ | 368 | $ | 264 | $ | 14 | $ | — | $ | 1,456 | |||||||
Income Margin from Continuing | 5.7 | % | 2.6 | pts. | 1.9 | pts. | 0.1 | pts. | — | pts. | 10.2 | % | |||||||
Diluted Earnings/(Loss) Per Share: | $ | 0.90 | $ | 0.41 | $ | 0.29 | $ | 0.01 | $ | — | $ | 1.61 | |||||||
____________________ | |||||||||||||||||||
(1) Includes amortization of purchased intangible assets, in process R&D, transaction costs, applicable restructuring and related expenses, tax charges related to acquisition | |||||||||||||||||||
(2) Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/ | |||||||||||||||||||
(3) Primarily relates to the fair value changes in the retained Kyndryl common stock and the related cash-settled swap. | |||||||||||||||||||
(4) Tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the As Reported pre-tax |
INTERNATIONAL BUSINESS MACHINES CORPORATION U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION (Unaudited; Dollars in millions except per share amounts) | |||||||||||||||||||
Six Months Ended June 30, 2022 | |||||||||||||||||||
Continuing Operations | |||||||||||||||||||
Acquisition- | Retirement- | Tax | Kyndryl- | ||||||||||||||||
Related | Related | Reform | Related | Operating | |||||||||||||||
GAAP | Adjustments | Adjustments | Impacts | Impacts | (Non-GAAP) | ||||||||||||||
Gross Profit | $ | 15,625 | $ | 361 | $ | — | $ | — | $ | — | $ | 15,986 | |||||||
Gross Profit Margin | 52.6 | % | 1.2 | pts. | — | pts. | — | pts. | — | pts. | 53.8 | % | |||||||
S,G&A | $ | 9,452 | $ | (565) | $ | — | $ | — | $ | (0) | $ | 8,887 | |||||||
Other (Income) & Expense | 166 | (1) | (394) | — | (367) | (596) | |||||||||||||
Total Expense & Other (Income) | 13,280 | (566) | (394) | — | (367) | 11,953 | |||||||||||||
Pre-tax Income from Continuing | 2,345 | 928 | 394 | — | 367 | 4,033 | |||||||||||||
Pre-tax Income Margin from | 7.9 | % | 3.1 | pts. | 1.3 | pts. | — | pts. | 1.2 | pts. | 13.6 | % | |||||||
Provision for/(Benefit from) Income | $ | 218 | $ | 224 | $ | 104 | $ | 112 | $ | — | $ | 657 | |||||||
Effective Tax Rate | 9.3 | % | 3.4 | pts. | 1.7 | pts. | 2.8 | pts. | (0.8) | pts. | 16.3 | % | |||||||
Income from Continuing Operations | $ | 2,127 | $ | 704 | $ | 290 | $ | (112) | $ | 367 | $ | 3,376 | |||||||
Income Margin from Continuing | 7.2 | % | 2.4 | pts. | 1.0 | pts. | (0.4) | pts. | 1.2 | pts. | 11.4 | % | |||||||
Diluted Earnings/(Loss) Per Share: | $ | 2.34 | $ | 0.77 | $ | 0.32 | $ | (0.12) | $ | 0.40 | $ | 3.71 | |||||||
Six Months Ended June 30, 2021 | |||||||||||||||||||
Continuing Operations | |||||||||||||||||||
Acquisition- | Retirement- | Tax | Kyndryl- | ||||||||||||||||
Related | Related | Reform | Related | Operating | |||||||||||||||
GAAP | Adjustments | Adjustments | Impacts | Impacts | (Non-GAAP) | ||||||||||||||
Gross Profit | $ | 14,879 | $ | 353 | $ | — | $ | — | $ | — | $ | 15,232 | |||||||
Gross Profit Margin | 54.3 | % | 1.3 | pts. | — | pts. | — | pts. | — | pts. | 55.6 | % | |||||||
S,G&A | $ | 9,536 | $ | (582) | $ | — | $ | — | $ | — | $ | 8,954 | |||||||
Other (Income) & Expense | 647 | (1) | (649) | — | — | (3) | |||||||||||||
Total Expense & Other (Income) | 13,724 | (583) | (649) | — | — | 12,491 | |||||||||||||
Pre-tax Income from Continuing | 1,155 | 936 | 649 | — | — | 2,741 | |||||||||||||
Pre-tax Income Margin from | 4.2 | % | 3.4 | pts. | 2.4 | pts. | — | pts. | — | pts. | 10.0 | % | |||||||
Provision for/(Benefit from) Income | $ | (58) | $ | 238 | $ | 86 | $ | 6 | $ | — | $ | 272 | |||||||
Effective Tax Rate | (5.0) | % | 10.4 | pts. | 4.3 | pts. | 0.2 | pts. | — | pts. | 9.9 | % | |||||||
Income from Continuing Operations | $ | 1,213 | $ | 699 | $ | 563 | $ | (6) | $ | — | $ | 2,469 | |||||||
Income Margin from Continuing | 4.4 | % | 2.5 | pts. | 2.1 | pts. | (0.0) | pts. | — | pts. | 9.0 | % | |||||||
Diluted Earnings/(Loss) Per Share: | $ | 1.34 | $ | 0.77 | $ | 0.62 | $ | (0.01) | $ | — | $ | 2.73 | |||||||
____________________ | |||||||||||||||||||
(1) Includes amortization of purchased intangible assets, in process R&D, transaction costs, applicable restructuring and related expenses, tax charges related | |||||||||||||||||||
(2) Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan | |||||||||||||||||||
(3) Primarily relates to the fair value changes in the retained Kyndryl common stock and the related cash-settled swap. | |||||||||||||||||||
(4) Tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the As |
View original content to get multimedia:https://www.prnewswire.com/news-releases/ibm-releases-second-quarter-results-301588504.html
SOURCE IBM
60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses
CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM) Security today released the annual Cost of a Data Breach Report,1 revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.
The perpetuality of cyberattacks is also shedding light on the "haunting effect" data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.
The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.
Some of the key findings in the 2022 IBM report include:
"Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases." said Charles Henderson, Global Head of IBM Security X-Force. "This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked."
Over-trusting Critical Infrastructure Organizations
Concerns over critical infrastructure targeting appear to be increasing globally over the past year, with many governments' cybersecurity agencies urging vigilance against disruptive attacks. In fact, IBM's report reveals that ransomware and destructive attacks represented 28% of breaches amongst critical infrastructure organizations studied, highlighting how threat actors are seeking to fracture the global supply chains that rely on these organizations. This includes financial services, industrial, transportation and healthcare companies amongst others.
Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.
Businesses that Pay the Ransom Aren't Getting a "Bargain"
According to the 2022 IBM report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay – not including the ransom amount paid. However, when accounting for the average ransom payment, which according to Sophos reached $812,000 in 2021, businesses that opt to pay the ransom could net higher total costs - all while inadvertently funding future ransomware attacks with capital that could be allocated to remediation and recovery efforts and looking at potential federal offenses.
The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years – from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With "time to ransom" dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.
Hybrid Cloud Advantage
The report also showcased hybrid cloud environments as the most prevalent (45%) infrastructure amongst organizations studied. Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively. In fact, hybrid cloud adopters studied were able to identify and contain data breaches 15 days faster on average than the global average of 277 days for participants.
The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.
Additional findings in the 2022 IBM report include:
Additional Sources
About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.
Press Contact:
IBM Security Communications
Georgia Prassinos
gprassinos@ibm.com
1 Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored, and analyzed by IBM
2 Average cost of $4.53M, compared to average cost $3.87 million at participating organizations with mature-stage cloud security practices
Photo - https://mma.prnewswire.com/media/1865847/IBM_CODB.jpg
Logo - https://mma.prnewswire.com/media/95470/ibm_logo.jpg
SOURCE IBM
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Hasbro Inc., up 56 cents to $79.98.
The toy maker beat Wall Street’s profit forecasts with strong showings from Magic: The Gathering and other tabletop games.
Shopify Inc., up $1.83 to $34.37.
YouTube is teaming up with the e-commerce platform to make it easier for merchants who use Shopify to link to and manage products.
NCR Corp., up $3.68 to $32.78.
The Wall Street Journal reported that the private equity firm Veritas Capital is in talks to buy the maker of ATM machines.
International Business Machines Corp., down $7.25 to $130.88.
IBM’s profit margins fell short of some forecasts amid concerns about the strong dollar’s effect on overseas revenue.
Signature Bank, down $8.84 to $187.28.
The New York-based commercial bank reported a decline in deposits.
Johnson & Johnson, down $2.54 to $171.69.
The health care giant reported better-than-expected earnings, but exchange rates again pinched its 2022 forecast.
Lockheed Martin Corp., up $3.10 to $390.38.
The defense contractor reported results that fell short of Wall Street’s forecasts and lowered its outlook for the year.
Silvergate Capital Corp., up $14.55 to $79.60.
The owner of Silvergate Bank reported earnings that came in ahead of what analysts were expecting.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
(MENAFN- EIN Presswire)
Product Information Management Industry
Increase in need for product data curation and management, and product information management software from the thriving eCommerce industry drive the market.
PORTLAND, PORTLAND, OR , UNITED STATES , July 23, 2022 /EINPresswire.com / -- Growth in demand for better product information for future commerce, integration of artificial intelligence and machine learning capabilities to enhance information management and customer experience and growth in demand for cloud-based product information management solutions present new opportunities in the coming years.
The global product information management market generated $ 9.90 billion in 2019, and is expected to garner $59.25 billion by 2027, witnessing a CAGR of 25.2% from 2020 to 2027.
Key market players such as - Oracle, SAP SE, IBM, Informatica LLC, Akeneo, Pimcore, Salsify, Riversand, Stibo Systems, and Inriver.
Based on region, North America held the highest share in 2019, accounting for nearly two-fifths of the global product information management market, and is expected to continue its leadership status by 2027. This is due to increase in adoption of PIM solutions in eCommerce. In addition, North America has great adoption of advanced technologies in most of the industries which further augments the market growth in this province. However, Asia-Pacific is projected to maintain the largest CAGR of 28.3% during the forecast period. This is due to rapid shifting patterns towards online purchasing. Furthermore, growing digitization across various industries & increasing internet connectivity boosts the market in this region.
Based on component, the software segment accounted for nearly two-thirds of the global product information management market in 2019, and is expected to maintain its lead position during the forecast period. This is due to advantages of product information management solution such as standardizing the increasingly complex demands of product content, acting as multichannel marketing software tool, track all catalog & inventory data of a company in real time, improving conversion rate, and synchronizing images, videos & product descriptions from all channels used by the brand. However, the services segment is expected to witness the fastest CAGR of 27.2% from 2020 to 2027, owing to in the adoption of services among end users, as it ensures effective functioning of PIM software and platforms throughout the process.
Download demo Report (Get Full Insights in PDF - 274 Pages) at:
Based on deployment, the on-premise segment contributed to the fastest market share in 2019, accounting for more than two-thirds of the global product information management market, and is projected to maintain its dominant share in terms of revenue during the forecast period. Most of the enterprises still prefer on-premise deployment due to its high data transfer speed and security, which drives the growth of the segment. However, the cloud segment is estimated to manifest the highest CAGR of 28.2% from 2020 to 2027, owing to the fact that cloud based product information management exhibits the capability to distribute compute resources in single or multiple regions and meet high availability of requirements in comparatively less initial costs.
If you have any questions please feel free to contact our analyst at:
Covid-19 Scenario -
• The covid-19 pandemic has fueled the e-commerce sector immensely. This in turn, has positively impacted the product information management industry, thereby increasing the demand for product information management software.
• The retail segment has highly adopted product information management software, as it aids in offering the manufacturers with understanding based on the competitive landscape.
If you have any special requirements, please let us know at:
The report offers key drivers that propel the growth in the global market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report
Similar Report -
Robot Software Market
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN23072022003118003196ID1104579023
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.