Cloud Segment to Dominate North America Font Management Software Market during 2019–2027

According to a new market research study on “North America Font management software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Deployment, Operating System, and End User” is expected to reach US$ 4,718.6 million by 2027 from US$ 1,260.7 million in 2019. The market is estimated to grow at a CAGR of 18.1% from 2020 to 2027. The report provides trends prevailing in the North America font management software market along with the drivers and restraints pertaining to the market growth. Rise in digital content creation including internet penetration is the major factor driving the growth of the North America font management software market. However, issues associated with awareness Paucity and Expensiveness hinders the growth of North America font management software market.

The North America font management software market is segmented on the basis of deployment, operating system, end user, and country. The North America font management software market, based on deployment, is segmented into on-premise and cloud. . Cloud segment held the largest market share of North America font management software market in 2019. Based on operating system, the North America market is segmented into mac system, windows system, and other systems. Windows system segment held the largest market share of North America font management software market in 2019. The North America font management software market, based on end user, is segmented into website designer, printing agencies, advertising agencies, freelancers, and others. Website designer segment held the largest market share of North America font management software market in 2019.

North America is adversely affected by the COVID-19 pandemic. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, presence of huge industrial base, and high purchasing power—especially in developed countries such as the US and Canada. Hence, any hindrance on the growth of industries hampers the economic growth of the region. The US is a major market for font management software especially due to high penetration of smartphone and internet, and retail & ecommerce sectors. The huge increase in the number of COVID-19 confirmed cases and rise in the reported deaths in the country is hindering both manufacturing and sales of smartphones and digital cameras. The factory and business shutdowns across the US, Canada, and Mexico are lowering the adoption of font management software. North America is home to a large number of manufacturing and technology companies; thus, the impact of the outbreak was quite severe across North America in 2020, and it is likely to continue in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the US would restrain the growth of the North America font management software in the next few quarters.

Adobe; Celartem, Inc. dba Extensis; Corel Corporation; Insider Software Inc.; Monotype Imaging Inc.; Proxima Software; RightFont Team are among the leading companies in the North America font management software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Monotype Imaging Inc. acquired Fontsmith. With the acquisition of Fontsmith, Monotype expands its library of font families such as FS Brabo, FS Albert, FS Koopman, FS Untitled, FS Millbank, and FS Meridian.

The report segments the North America Font Management Software Market follows:

North America Font Management Software Market – By Deployment

• On-Premise
• Cloud

North America Font Management Software Market – By Operating System

• Mac System
• Windows System
• Other Systems

North America Font Management Software Market – By End User

• Website Designer
• Printing Agencies
• Advertising Agencies
• Freelancers
• Others

North America Font Management Software Market – By Country

• US
• Canada
• Mexico