Report : Asia Pacific Artwork Management Software Market Forecast to 2030 - Regional Analysis - By Deployment (Cloud and On-Premise) and Application (Life Sciences, Retail, Manufacturing, and Others)
At 10.9% CAGR, the Asia Pacific Artwork Management Software Market is Speculated to be Worth US$ 245.02 Million by 2030, Says Business Market Insights
According to Business Market Insights' research, the Asia Pacific artwork management software market was valued at US$ 106.96 million in 2022 and is expected to reach US$ 245.02 million by 2030, registering a CAGR of 10.9% from 2022 to 2030. Adoption of cloud-based artwork management platform and emergence of new and sophisticated technologies are among the critical factors attributed to the Asia Pacific artwork management software market expansion.
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 are adopting 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. 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 market opportunities for the key players to launch advanced products in the coming years.
On the contrary, challenges associated with artwork management process hampers the growth of Asia Pacific artwork management software market.
Based on deployment, the Asia Pacific artwork management software market is bifurcated into cloud and on-premise. The cloud segment held 52.8% share of the Asia Pacific artwork management software market in 2022, amassing US$ 56.48 million. It is projected to garner US$ 137.40 million by 2030 to expand at 11.8% CAGR during 2022-2030.
By application, the Asia Pacific artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment held 32.1% share of the Asia Pacific artwork management software market in 2022, amassing US$ 34.32 million. It is projected to garner US$ 79.31 million by 2030 to expand at 11.0% CAGR during 2022-2030.
Based on country, the Asia Pacific artwork management software market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 32.5% share of Asia Pacific artwork management software market in 2022, amassing US$ 34.73 million. It is projected to garner US$ 85.47 million by 2030 to expand at 11.9% CAGR during 2022-2030.
Key players operating in the Asia Pacific artwork management software market are 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, among others.
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