The main responsibility in a Product Management role is to develop the company’s product vision and goals and take all required actions to put that vision into action.
The ultimate goal for a Product Manager is to ensure the four essential components — technology, design, marketing, and customer satisfaction. The scope of Product Management will broaden and diversify as businesses expand and incorporate new-age technologies.
All current PM processes and techniques will become old and obsolete as a result of the transformation and upgrading, but the scope will widen significantly as a result of new innovation in technology and ever-changing customer patterns. Demand will be created for adaptable all-around Product Managers who grasp the complexities of product concept and design, development, and marketing.
The need for PMs is only going to rise over time. Therefore, the prospects look very bright. And as you progress along the path, you will have a very high chance of going into an upper management role over time.
Source: Surprising Stats on the Demand for Product Manager Roles in the US - Medium