Deployment segments performance in the global catalog management software market

The global catalog management software market is expected to grow at a CAGR of 8.06% during the forecast period. Based on the deployment, the global catalog management software market has been segmented into cloud-based and on-premise.

The market size calculation based on deployment considers the revenue generated from the sales of on-premises catalog management software and cloud-based catalog management software. Small and medium-sized enterprises are moving toward cloud-based catalog management software as it is faster and more cost-effective than other software solutions. They prefer cloud-based solutions over traditional on-premises solutions due to the low cost of deployment. In the on-premises model, enterprises will also have to incur additional expenses to monitor, maintain, upgrade, and provide training and support to end-users.

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On-premises catalog management software is installed and run on the organization’s premises. It is more expensive than the cloud-based catalog management software because it requires in-house hardware and huge capital investment in the form of software licenses. However, it is secure as there is no third-party interference. Customization and elevated levels of data security offered by the on-premises deployment model are the factors driving the revenue growth of the global catalog management software market during the forecast period.