Artwork Management Software Market to Grow at a CAGR of 9.2% to reach US$ 942.80 Million from 2020 to 2028

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Artwork Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment (On-Premises and Cloud) and Application (Life Sciences, Retail, Manufacturing, and Others)

Publication Month: Apr 2021 | Report Code: TIPRE00022060 | No. of Pages: No. of Pages143 | Category: Technology, Media and Telecommunications | Status: Published

The artwork management software market was valued at US$ 469.05 million in 2020 and is projected to reach US$ 942.80 million by 2028; it is expected to grow at a CAGR of 9.2% during 2021–2028.

The growth of the artwork management software market is attributed to the rising pharma and life science business. With the rising demand for medicines and other life science elements across the world, the artwork management tools are majorly used in pharmaceutical and life sciences sectors. Throughout the pharmaceutical industry, packaging & labeling is highly recognized as a mission-critical process, which assists the organization to frame strategic goals for attracting more customers. Frequent label changes are a matter of course and new rules & regulations emerge with rising frequency. This factor will help in making the use of an artwork management system to lower human errors, reduce discrepancies in processes, and improve label quality & business agility. Additionally, the medical device companies have to comply with regulatory requirements such as the European Union’s MDR systems and Falsified Medicines Directive (FMD), and Food and Drug Administration's Unique Device Identification (UDI) and Drug Supply Chain Security Act (DSCSA) to maintain the smooth operations of pharmaceutical and life sciences sectors. Therefore, the manufacturers are reviewing medical device packaging and barcode labeling processes to comply with the emerging regulatory requirements.

Impact of COVID-19 Pandemic on Artwork Management Software Market

The pandemic has had a negative impact on the artwork management software market. Due to travel bans, restrictions on movement, and temporary closure of supply chains, the manufacturing of labels & 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 increased 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.


Lucrative Regions in Artwork Management Software Market

Lucrative Regions in Artwork Management Software Market

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Market Insights–Artwork Management Software Market

Adoption of Cloud-Based Artwork Management Platform

Owing to an increase in business activities in pharmaceutical, food & beverages, consumer goods, logistics, and life science industries across the globe, the adoption of advanced artwork management tools is ready to capture attention of massive end users. Additionally, it has been observed that more than 75% of enterprises are planning to foster their digital transformation with an aim to have business recovery out of 2020. The enterprises are looking ahead to adopt cost-effective and collaborative solutions to accomplish their pre-determined digital goals.

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 ManageArtwork 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 ManageArtworks to enhance packaging artwork project workflow.

Therefore, artwork management software would contribute positively to achieve the mentioned goal. By migrating artwork proofing and approval to online mode, the consumer-packaged goods enterprise can have enormous benefits such as propelling speed of both artwork approvals and product launches and reducing internal & external costs. This aspect of reducing costs and accelerating artwork approvals will boost the adoption of cloud-based artwork management tool.

Deployment-Based Insights

Based on deployment, the artwork management software market is bifurcated into on-premises and cloud. The cloud segment held a larger market share in 2020.

Application-Based Insights

Based on application, the artwork management software market is segmented into life sciences, retail, manufacturing, and others. The retail segment is projected to register the highest CAGR during the forecast period.

Strategic Insights

Report Coverage - Artwork Management Software Market
Report CoverageDetails
Market Size Value inUS$ 469.05 Million in 2020
Market Size Value byUS$ 942.80 Million by 2028
Growth rateCAGR of 9.2% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages143
No. of Tables71
No. of Charts & Figures62
Historical data availableYes
Segments coveredDeployment and Application
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Players operating in the artwork management software market are mainly focused on the development of advanced and efficient products.

  • In 2021, Perigord Life Science Solutions has developed a new product that is independent packaging & labelling services. It performs the full range of inspection tasks required by a Life Science company when bringing a product to market.
  • In 2021, Loftware, Inc. and NiceLabel Combine, extend the global leadership in enterprise labeling and artwork management. This merger provides consumers and partners with a wider range of solutions, improved labelling capabilities, and the advantages of increased cloud-based investment.

The artwork management software market has been segmented as follows:

Artwork Management Software Market– by Deployment

  • On-Premises
  • Cloud

Artwork Management Software Market – by Application                                

  • Life Sciences
  • Retail
  • Manufacturing
  • Others

Artwork Management Software Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East and Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Artwork Management Software Market–Company Profiles

  • Twona
  • Esko
  • enLabel Global Services
  • Freyr.
  • GreatFour Systems
  • Kallik
  • Karomi Inc
  • Lascom
  • Loftware, Inc.
  • Perigord Life Science Solutions

Frequently Asked Questions

The growth of the Artwork Management software Market is primarily attributed to the rising new product releases, line extensions, marketplace extensions, promotions, regulatory changes, and bar code changes across all industry. Moreover, FMCG companies that deal with a large volume of artwork and packaging changes during the year, necessitating the use of a sophisticated computerized artwork management system.
Owing to an increase in business activities in pharmaceutical, food & beverages, consumer goods, logistics, and life science industries across the globe, the adoption of advanced artwork Management software’s is ready to capture attention of massive end users. Additionally, it has been observed that more than 75% of enterprises are planning to foster their digital transformation with an aim to have business recovery out of 2020. The enterprises are looking ahead to adopt cost-effective and collaborative solutions to accomplish their pre-determined digital goals.
The global artwork Management software market was dominated by the cloud segment in the forecast period. The rise in demand can be attributed to the low cost of ownership, reduced costs of maintenance and upgrades, and access to the latest features are among the key advantages of cloud-based type over the on-premises type.

The List of Companies - Artwork Management Software Market

  1. enLabel Global Services
  2. Karomi Inc
  3. Loftware, Inc
  4. Perigord Life Science Solutions
  5. Freyr
  6. Esko-Graphics BV
  7. Twona
  8. GreatFour Systems
  9. Kallik
  10. Lascom
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global artwork management software market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global artwork management software market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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