Saturday, 27 July 2024
According to our latest market study on "Artwork Management Software Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Deployment and Application," the market was valued at US$ 551.06 million in 2022 and is expected to reach US$ 1,128.58 million by 2030; it is estimated to record a CAGR of 9.4% from 2022 to 2030.
With 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 is gaining the attention of major end users. It has been observed that more than 75% of enterprises are planning to foster their digital transformation with an aim to achieve business recovery, considering the setback in 2020. The enterprises adopted 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 across the industries. The cloud-based platform assists teams in tracking, collaborating, and managing artwork effectively.
Artwork Management Software Market - by Geography, 2022
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Source: The Insight Partners Analysis
Artwork Flow enables the end user to automate the management approval workflow process for business and release complete transparency. Similarly, Karomi Inc. provides ManageArtwork, which is a cloud-based packaging and artwork lifecycle management system. The system connects processes and individuals across customers, internal departments, agencies, suppliers, and vendors to avail the products into the market while fulfilling regulatory compliance.
The system fulfills the company’s packaging and artwork requirements, delivering supply chain agility and compliance. Amul, Trinchero, Dr. Reddy’s, Nivea, and Groupe Casino are a few of the prominent companies that use ManageArtworks to enhance packaging artwork project workflow. Further, by migrating manual artwork proofing and approval to online mode, the consumer-packaged goods enterprise can receive enormous benefits, such as rapid artwork approvals and product launches and reduced internal & external costs. Thus, such benefits are expected to boost the adoption of cloud-based artwork management software among various enterprises, which is likely to create lucrative opportunities for the key players to launch advanced products, propelling the artwork management software market growth.
enLabel Global Services Inc, Karomi Inc, Loftware Inc, Perigord Asset Holdings Ltd, Freyr LLC, Esko-Graphics BV, Pharmaceutical Design BV, GreatFour Systems Inc, Kallik Ltd, and Aptean Inc are among the key artwork management software market players profiled in the report. Several other major artwork management software market players were also studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The artwork management software market report provides detailed market insights, which help the key players strategize their growth.
Key players in the artwork management software market are engaged in various strategies such as partnership, acquisition, and software development activities to increase their customer base. In May 2022, Kallik entered into a three-year Knowledge Transfer Partnership (KTP) with Aston University to develop the world’s first label artwork management system technology. The partnership aims to develop the world’s first proprietary machine learning (ML) model as part of the company’s end-to-end labeling platform—Veraciti. This innovative technology will facilitate faster and more accurate creation of labels 100% compliant with brand and regulation. Thus, the adoption of technology across the abovementioned industries to automate and optimize manufacturing processes is fueling the artwork management software market growth across the country.
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