The artwork management software market size expected to reach US$ 942.80 million by 2028 and registering at a CAGR of 9.2% during 2021–2028, according to a new research study conducted by The Insight Partners.
Adoption of Cloud-Based Platform to Provide Growth Opportunities for Artwork Management Software Market
For instance, penetration of free and cloud-based platforms, such as Artwork Flow, is expected to gain high momentum. The cloud-based platform assists teams to track, collaborate, and manage artwork in possible manner. Artwork Flow enables the end user to automate management approval workflow process for business and release complete transparency. Similarly, Karomi Inc. provides Manage Artwork which is a cloud-based packaging and an artwork lifecycle management system. The system connects processes and individuals across customers, internal departments, agencies, suppliers, and vendors to avail the products into market quickly while fulfilling regulatory compliance. The company’s system is a basis for packaging and artwork requirements delivering supply chain agility and compliance. Amul, Trinchero, Dr. Reddy’s, Nivea, and Groupe Casino are among the prominent companies that use Manage Artworks to enhance packaging artwork project workflow.
Geographically, North America held the largest share of Artwork Management Software Market in 2020, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The Artwork Management Software market is segmented into type, application and geography. Based on type, the market is further categorized into cloud-based, and on-premise. The cloud-based segment represented a larger share of the overall market in 2020. In terms of application, the market is segmented into manufacturing, life sciences, retail, and others. In 2020, the Life sciences segment accounted for a substantial share of the global Manufacturing execution system market.
Manufacturing execution system Market — by Geography, 2020 Report : Global Artwork management software Market Forecast to 2028 - Covid-19 Impact and Global Analysis and Forecasts by Deployment (On-Premises, Cloud), Application (Life Sciences, Retail, Manufacturing, Others), and Geography
Report : Global Artwork management software Market Forecast to 2028 - Covid-19 Impact and Global Analysis and Forecasts by Deployment (On-Premises, Cloud), Application (Life Sciences, Retail, Manufacturing, Others), and Geography
Impact of COVID-19 Pandemic on Manufacturing execution system Market
The COVID-19 pandemic has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients compelled governments to put a bar on transportation of humans and goods. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of retail, e-commerce, manufacturing, and logistics sectors. Additionally, the social or physical distancing measures imposed by governments have put limitations on the operations of logistics and other service providers. This disruption has resulted in the decline in artwork design business. The pandemic has had a negative impact on the artwork management tool market. Due to travel bans, restrictions on movement, and temporary closure of supply chains, the manufacturing of labels and packaging industry business got impacted adversely. On the contrary, due to the operational activities of essential goods such as food & beverage, pharmaceuticals for biological or pharmaceutical laboratories, the demand for packaging & labelling have spurred which has helped in the adoption of artwork management system. This has led the artwork management tool market players to witness the constant flow of demand for their products Despite the disruption caused by the COVID-19 pandemic, the business of mentioned sectors is likely to surge in the future as business are getting resumed after a long lockdown measure.
Twona; Esko; enLabel Global Services; Freyr.; GreatFour Systems; Kallik, Karomi Inc; Lascom; Loftware, Inc.; and Perigord Life Science Solutions. Are among the few major companies operating in the Artwork Management Software market.
The report segments the global Manufacturing execution system market as follows:
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