At 8.9% CAGR, the North America Artwork Management Software Market is Projected to be Worth US$ 455.86 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the North America artwork management software market was valued at US$ 229.63 million in 2022 and is expected to reach US$ 455.86 million by 2030, registering a CAGR of 8.9% from 2022 to 2030. Growing adoption in pharma and life science sectors and growing use in FMCG industry are among the critical factors attributed to the North America artwork management software market expansion.

There is a rising demand for medicines and other life science elements worldwide. In the pharmaceutical industry, packaging & labeling are highly recognized as a mission-critical process, which assists the organization to frame strategic goals for attracting more customers. New rules and regulations emerge with the rising frequency of label changes, increasing the use of an artwork management system to lower human errors, reduce discrepancies in processes, and improve label quality & business agility. For instance, in July 2020, enLabel Global Services announced a strategic partnership with MediaJet and Epson to produce on-demand patient implant cards. Under this partnership, through the Integrated Packaging Management (IPM) Software Platform, enLabel can help Epson and Media Jet to deliver best-in-class, end-to-end solutions for color label printing in the medical device and healthcare industries. Further, various pharma companies are using artwork management software. Janssen (Johnson & Johnson), Ferring Pharmaceuticals, Abbott Nutrition, and Endo are among the prominent companies using the artwork management software by Loftware, Inc. for their pharma business. Therefore, the growing adoption of artwork management software by pharma and medical device manufacturers is fueling the market growth.

On the contrary, challenges associated with artwork management process hampers the growth of North America artwork management software market.

Based on deployment, the North America artwork management software market is bifurcated into cloud and on-premise. The cloud segment held 55.6% share of the North America artwork management software market in 2022, amassing US$ 127.72 million. It is projected to garner US$ 268.11 million by 2030 to expand at 9.7% CAGR during 2022-2030.

By application, the North America artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment held 35.4% share of the North America artwork management software market in 2022, amassing US$ 81.40 million. It is projected to garner US$ 164.21 million by 2030 to expand at 9.2% CAGR during 2022-2030.

Based on country, the North America artwork management software market is segmented into the US, Canada, and Mexico. The US held 86.2% share of North America artwork management software market in 2022, amassing US$ 198.03 million. It is projected to garner US$ 399.47 million by 2030 to expand at 9.2% CAGR during 2022-2030.

Key players operating in the North America artwork management software market are enLabel Global Services 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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