SAP shares are trading lower after UBS downgraded the stock from Buy to Neutral.

Product Information Management Market Size to Surpass $69.49 Billion by 2035 | SNS Insider

The global Product Information Management (PIM) market is expected to grow from $16.88 billion in 2025 to $69.49 billion by 2035, with a CAGR of 15.2%. North America leads with 39% market share, while Asia-Pacific is the fastest-growing region. Large enterprises dominate with 68% share, with retail being the leading vertical at 32%. Cloud-based solutions are experiencing the fastest growth due to scalability and cost-effectiveness.

Shares of software companies are trading higher amid sympathy with Snowflake after the company reported better-than-expected Q2 financial results, boosting sentiment across the sector. Falling Treasury yields and Fed's Waller's comments that he is inclined to support holding interest rates steady may also be supporting growth stocks by easing concerns about tighter monetary policy and improving risk appetite.

Vibe Marketing Tech Fest 2026 Focuses on Building Customer Confidence

The Middle East's digital advertising market is experiencing rapid growth at 17.8% year-on-year, reaching $8.185 billion in 2025. Vibe Marketing Tech Fest 2026, now in its 19th edition, will convene senior marketing and technology leaders in Dubai on September 9-10 to discuss AI adoption, customer expectations, and marketing ROI challenges. The event will feature keynotes from industry experts and executives from major regional and global brands, culminating in the Marquee Awards recognizing marketing and technology excellence.

Shares of software companies are trading lower as inflation concerns and elevated oil prices push U.S. and global bond yields higher, raising concerns that the Federal Reserve could tighten monetary policy later this month. Higher rates can weigh on growth stocks by making future profits less attractive.