On-Premise segment to Dominate the Europe Artwork Management Software Market during 2020–2028
According to The Insight Partners market research study on “Europe Artwork Management Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment and Application,” is expected to reach US$ 265.77 million by 2028 from US$ 139.59 million in 2021. The market is estimated to grow at a CAGR of 9.6% from 2021 to 2028. The report provides trends prevailing in the Europe artwork management software market along with the drivers and restraints pertaining to the market growth. Expanding FMCG industry worldwide, increasing pharmaceutical and life science business, and acceptance of new and sophisticated technologies in artwork management software market are the major factor driving the growth of the artwork management software market. However, ordinary artwork management challenges hinder the growth of artwork management software market.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, the United Kingdom, and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. The UK’s logistics and transportation sector are widely spread and handles significantly higher volumes of food & beverage, pharmaceuticals & chemicals. Attributing to the rise in the number of COVID-19 infected patients, the British government-imposed lockdown measures with an aim to contain the spread of the virus. This has risen the adoption of artwork management tool to move higher volumes of produced pharmaceuticals from the production units to warehouses. Pertaining to the fact that Germany, Denmark, the Netherlands, Switzerland, and Italy are fastest-growing exporters of medicines and drugs, the scope of artwork management tool among pharmaceutical business in mentioned countries will continue to rise.
Europe artwork management software market is segmented based on deployment and application. The Europe artwork management software market based on deployment is segmented into On-premise and cloud. On-premise segment accounted for the highest share in the market in 2020 and cloud segment is expected to be fastest growing during forecast period. Based on application, is segmented into life sciences, retail, manufacturing, and others. The life sciences segment accounted for the highest share in 2020 and retail segment is expected to be the fastest growing during forecast period
enLabel Global Services; Karomi Inc.; Loftware, Inc.; Perigord Life Science Solutions; Freyr; Esko-Graphics BV.; Twona; Kallik; and Lascom are among some of the leading companies in the Europe artwork management software market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive artwork Management Software Market. For instance, Perigord has developed a new product that is independent packaging & labelling services. It performs the full range of inspection tasks required by a Life Sciences company when bringing a product to market.
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