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[Research Report] The artwork management software market was valued at US$ 551.06 million in 2022 and is expected to reach US$ 1,128.58 million by 2030; it is estimated to record a CAGR of 9.4% from 2022 to 2030.
Artwork Management Software Market Analyst Perspective:
The demand for artwork management system is continuously increasing in the pharmaceutical industry as it operates within strict regulatory frameworks where accuracy, compliance, and safety are paramount. In the pharmaceutical industry, artwork approval involves extensive scrutiny to optimize label design management and packaging to ensure that the information provided is correct and accurate, meeting the patient’s needs and regulatory standards set by government agencies. This is boosting the demand for artwork management software in the pharmaceutical industry, fueling the growth of the artwork management software market. In addition, as FMCG companies deal with a large volume of artwork and packaging changes, the need for sophisticated computerized label and artwork management software is increasing worldwide, boosting the market growth. Moreover, as cloud artwork management software can help to connect people and processes across internal departments, suppliers, agencies, customers, and vendors to get products faster to the market while also meeting regulatory compliance, its demand is increasing, which is expected to create a growth opportunity for the artwork management software market in the coming years.
Artwork Management Software Market Overview:
Artwork management is the practice of automating procedures, shortening approval times, and improving overall performance. Artwork management software automates the process by saving time and resources while assisting in staying organized and maintaining clear and reliable branding. Considering the artwork approval process is time-consuming, complex, and vulnerable to errors, the adoption of artwork approval software is critical for catching errors, preventing enforcement breaches, and avoiding waste of resources. This software provides a customizable, automated solution for packaging artwork and other end-to-end business processes, minimizing risk, simplifying processes, and ensuring traceability. The demand for this software for product packaging has increased because of globalization and evolving regulatory requirements for labeling and artwork. New product releases, line extensions, marketplace extensions, promotions, regulatory changes, and barcode changes result in artwork changes across all industries as new and updated information regarding the products needs to be added while labeling and packing the products.
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Artwork Management Software Market: Strategic Insights
Market Size Value in US$ 551.06 million in 2022 Market Size Value by US$ 1,128.58 million by 2030 Growth rate CAGR of 9.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Artwork Management Software Market: Strategic Insights
Market Size Value in | US$ 551.06 million in 2022 |
Market Size Value by | US$ 1,128.58 million by 2030 |
Growth rate | CAGR of 9.4% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Growing Adoption in Pharmaceutical and Life Science Sectors Fuel Growth of Artwork Management Software Market
There is a rising demand for medicines and other life science elements worldwide. In the pharmaceutical industry, packaging & labeling are widely recognized as a mission-critical procedure, which assists the organization to set strategic goals for bringing more customers. New rules and regulations emerge with the rising frequency of label changes, increasing the utilization of an artwork management system to reduce human errors, minimize discrepancies in processes, and enhance label quality & business agility. In addition, many companies that offer medical devices must comply with the European Union’s MDR systems and Falsified Medicines Directive (FMD), the Food and Drug Administration’s Unique Device Identification (UDI), Drug Supply Chain Security Act (DSCSA), and other regulatory requirements to maintain the regular operations of pharmaceutical and life science sectors. Thus, to cater to the above government regulation and increase the efficiency and accuracy of packing and labeling of healthcare products, various companies are increasingly adopting packaging artwork management software. For instance, in July 2020, enLabel Global Services announced a strategic partnership with MediaJet and Epson to produce on-demand patient implant cards. Under this partnership, through the Integrated Packaging Management (IPM) Software Platform, enLabel can help Epson and Media Jet to deliver best-in-class, end-to-end solutions for color label printing in the medical device and healthcare industries. Further, various pharma companies are using artwork management software. Janssen (Johnson & Johnson), Ferring Pharmaceuticals, Abbott Nutrition, and Endo are among the prominent companies using the artwork management software by Loftware, Inc. for their pharma business. Therefore, the growing adoption of artwork management software by pharmaceutical and medical device manufacturers fuels the growth of the artwork management software market.
Report Segmentation and Scope:
The global artwork management software market is bifurcated on the basis of deployment, application, and geography. Based on deployment, the artwork management software market is bifurcated into cloud and on-premises. In terms of application, the artwork management software market is categorized into manufacturing, life sciences, retail, and others. By geography, the artwork management software market is segmented into North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South America (SAM).
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Segmental Analysis:
Based on deployment, the artwork management software market is bifurcated into:
- Cloud
- On-Premises
The cloud segment held a larger artwork management software market share in 2022 and is anticipated to register a higher CAGR in the market during 2022–2030. Low cost of ownership, reduced costs of maintenance and upgrades, and access to the latest features are a few of the key advantages of cloud-based software. Moreover, the cloud-type software interconnects people and processes across suppliers, internal departments, vendors, and agencies to rapidly introduce products in the market while meeting regulatory compliance, fueling the segment growth in the artwork management software market.
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Regional Analysis:
The global artwork management software market is categorized into North America, Europe, MEA, APAC, and SAM. In 2022, North America held the largest artwork management software market share, followed by Europe and Asia Pacific. Further, APAC is expected to record the highest CAGR during the forecast period. North America is considered one of the most technologically advanced regions in the world. The region has witnessed several major technological advancements, which have resulted in highly competitive markets. It has experienced rapid technological adoption in the last five years, which has fueled the adoption of artwork management software in the region. Per the National Institute of Standards and Technology (NIST), in 2021, the manufacturing industry contributed US$ 2.3 trillion to the GDP of the US, recording 12.0% of the country’s GDP. Thus, the rising manufacturing sector supports the growth of the artwork management software market in the region.
Key Player Analysis:
enLabel Global Services Inc, Karomi Inc, Loftware Inc, Perigord Asset Holdings Ltd, Freyr LLC, Esko-Graphics BV, Pharmaceutical Design BV, GreatFour Systems Inc, Kallik Ltd, and Aptean Inc are the key artwork management software market players profiled in the report.
Recent Developments:
The artwork management software market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below:
- In February 2023, MA One is an AI-powered automated proofreading software designed for consumer-packaged goods and food companies to catalyze the packaging artwork proofing process.
- In February 2022, TEKLYNX International collaborated with Kallik, a leader in labeling and artwork management, to offer cloud-based end-to-end solutions for regulated industries. This partnership combines over 50 years of labeling expertise to streamline creation, ensure compliance, and enhance efficiency in industries such as pharmaceuticals and manufacturing. Customers gain efficient asset management, automation, compliance support, and traceability across the supply chain, setting them apart in the market. The synergy between TEKLYNX and Kallik aims to provide differentiated performance for customers.
- In January 2021, Loftware, Inc., a world leader in enterprise labeling and artwork management solutions, and NiceLabel-a leading developer of label management systems-announced that they would merge under Loftware Inc. This merger provides consumers and partners with a wider range of solutions, improved labeling capabilities, and increased cloud-based investment advantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Growing adoption in pharma and life science sectors and growing use in FMCG industry are driving the market.
Cloud segment is expected to hold a major market share of artwork management software market in 2022
The global market size of artwork management software market by 2030 will be around US$ 1,128.58 million
The artwork management software market is expected to register an incremental growth value of US$ 577.52 million during the forecast period
The estimated global market size for the artwork management software market in 2022 is expected to be around US$ 551.06 million
Asia Pacific is expected to register highest CAGR in the artwork management software market during the forecast period.
Esko-Graphics BV, Karomi Inc, Loftware Inc, Perigord Life Science Solutions, and Freyr LLC are the key market players expected to hold a major market share of artwork management software market in 2022.
Emergence of new and sophisticated technologies.
India, China, and Germany are expected to register high growth rate during the forecast period.
The US is expected to hold a major market share of artwork management software market in 2022
The List of Companies - Artwork Management Software Market
- enLabel Global Services Inc
- Karomi Inc
- Loftware Inc
- Perigord Asset Holdings Ltd
- Freyr LLC
- Esko-Graphics BV
- Pharmaceutical Design BV
- GreatFour Systems Inc
- Kallik Ltd
- Aptean Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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