Asia Pacific Artwork Management Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On-premise and Cloud) and Application (Life Sciences, Retail, Manufacturing, and Others)
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The artwork management software market in Asia Pacific is expected to grow US$ 171.49 million by 2028 from US$ 85.93 million in 2021. The market is estimated to grow at a CAGR of 10.4% from 2021 to 2028.
Owing to an increase in business activities in pharmaceutical, food & beverages, consumer goods, logistics, and life science industries across the world, 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.
The APAC region is greatly affected by COVID-19, the country homes the largest population across the world, thereby imposing greater risk of a large number of individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as the large India, Australia, and Japan, and is experiencing downward inflation. China is one of the leading manufacturing countries in the region, and initially, the most affected country in APAC, owing to this, the manufacturing facilities have been witnessing severe conditions in its manufacturing sufficient volumes of products. In addition, the artwork management tool market in APAC is dominated by China since the country has a significantly higher number of manufacturers. The fewer workforce in each of the production facilities has resulted in limited production, thereby leading the manufacturers to witness the loss. Nevertheless, since May 2020, the Chinese manufacturing facilities have started operating with higher manpower, which begun showcasing a positive trend in the artwork management tool market in China. Japan and India are the other two critical countries in the artwork management tool market. As China, Japan, Taiwan, and South Korea are known for having strong base of manufacturing units, the penetration of artwork management tool has declined due to temporary closure of manufacturing plants. However, with business getting resumed, the scope of the same will expand gradually.
With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the artwork management software market. The Asia Pacific artwork management software market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Artwork Management Software Market Segmentation
Asia Pacific Artwork Management Software Market – By Deployment
- On-premise
- Cloud
Asia Pacific Artwork Management Software Market – By Application
- Life Sciences
- Retail
- Manufacture
- Others
Asia Pacific Artwork Management Software Market – By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Asia Pacific Artwork Management Software Market – Companies Mentioned
- enLabel Global Services
- Karomi Inc.
- Loftware, Inc
- Perigord Life Science Solutions
- Freyr.
- Esko-Graphics BV.
- Twona.
- GreatFour Systems
- Kallik
- Lascom
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- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the artwork management software market as well as those hindering it
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