North America 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 North America is expected to grow to US$ 433.97 million by 2028 from US$ 232.92 million in 2021. The market is estimated to grow at a CAGR of 9.3% from 2021 to 2028.
The US, Canada and Mexico Russia are the major counties in considered in North America. The artwork management tool is majorly used in pharmaceutical and life sciences sectors. With the rising demand for medicines and other life science elements across the world, both the aforesaid sectors are getting inclined toward using artwork management tools. 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.
Favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the sudden stands still across all the industries present in the region. The US is the worst-hit country in North America, with millions of infected individuals facing severe health conditions across the country. Since the US has a larger density of artwork management market players, the outbreak has severely affected the production of each. This factor has spurred the adoption of artwork management among artwork designers. However, on the negative side, the slower than usual production had adversely affected the growth of the market during the initial months of COVID-19 spread when the restriction on human movement was stringent. The artwork management tool market players in these two countries had experienced a downfall in production quantities and deliveries and revenues as a result of lesser human movement during the first phase of the virus phase and closure of manufacturing units. However, due to growth in life science applications, the demand for artwork management tool has increased.
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 North America artwork management software market is expected to grow at a good CAGR during the forecast period.
North America Artwork Management Software Market Segmentation
North America Artwork Management Software Market – By Deployment
- On-premise
- Cloud
North America Artwork Management Software Market – By Application
- Life Sciences
- Retail
- Manufacture
- Others
North America Artwork Management Software Market – By Country
- US
- Canada
- Mexico
North America Artwork Management Software Market – Companies Mentioned
- enLabel Global Services
- Karomi Inc.
- Loftware, Inc
- Perigord Life Science Solutions
- Freyr
- Greatfour System
- Esko-Graphics BV.
- Twona.
- Kallik
- Lascom
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