At 7.1% CAGR, Middle East & Africa Artwork Management Software Market is Projected to be Worth US$ 58.47 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa artwork management software market was valued at US$ 33.84 million in 2022 and is expected to reach US$ 58.47 million by 2030, registering a CAGR of 7.1% from 2022 to 2030. Emergence of new and sophisticated technologies and adoption of cloud-based artwork management platform are among the critical factors attributed to the Middle East & Africa artwork management software market expansion.

Many advanced technologies are being used in various industries across the globe. For instance, Kallik has introduced a software platform for Amazon Web Services. Kallik, a labeling & artwork management solution company for the regulated market, has unveiled the Veraciti software platform. The platform is the first label & artwork management solution that runs on Amazon Web Services cloud platform. Manufacturers in heavily regulated industries, including pharmaceuticals, MedTech, chemicals, cosmetics, and food & beverages, can benefit from the highest possible levels of constant availability and cloud security and easy onboarding of new labeling and artwork technologies such as machine learning and artificial intelligence. The Veraciti software platform is capable of providing these manufacturers with the greatest level of regulatory compliance and the ability to execute new artwork and labeling technologies. The adoption of this platform will allow the end-use industries to future-proof their business operations by leveraging machine learning and artificial intelligence. Therefore, with the emergence of new and sophisticated technologies, the artwork management platform penetration is expected to grow among highly regulated industries, which is likely to increase the scope of the Middle East & Africa artwork management software market in the coming years.

On the contrary, challenges associated with artwork management process hampers the growth of Middle East & Africa artwork management software market.

Based on deployment, the Middle East & Africa artwork management software market is bifurcated into cloud and on-premise. The cloud segment held 51.8% share of the Middle East & Africa artwork management software market in 2022, amassing US$ 17.54 million. It is projected to garner US$ 32.19 million by 2030 to expand at 7.9% CAGR during 2022-2030.

By application, the Middle East & Africa artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment held 36.7% share of the Middle East & Africa artwork management software market in 2022, amassing US$ 12.40 million. It is projected to garner US$ 21.66 million by 2030 to expand at 7.2% CAGR during 2022-2030.

Based on country, the Middle East & Africa artwork management software market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE held 36.5% share of Middle East & Africa artwork management software market in 2022, amassing US$ 12.36 million. It is projected to garner US$ 21.88 million by 2030 to expand at 7.4% CAGR during 2022-2030.

Key players operating in the Middle East & Africa artwork management software market are Freyr LLC, Pharmaceutical Design BV (Twona), TEKLYNX CORPORATION SAS, and Dassault Systèmes SE, among others.


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