At 6.0% CAGR, South & Central America Artwork Management Software Market is Projected to be Worth US$ 38.77 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the South & Central America artwork management software market was valued at US$ 24.36 million in 2022 and is expected to reach US$ 38.77 million by 2030, registering a CAGR of 6.0% from 2022 to 2030. Adoption of Cloud-based Artwork Management Platform and growing integration of artwork management software with PLM are among the critical factors attributed to the South & Central America 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. 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. 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 South & Central America artwork management software market.

Based on deployment, the South & Central America artwork management software market is bifurcated into cloud and on-premise. The cloud segment held 50.8% share of the South & Central America artwork management software market in 2022, amassing US$ 12.37 million. It is projected to garner US$ 20.91 million by 2030 to expand at 6.8% CAGR during 2022-2030.

By application, the South & Central America artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment held 37.4% share of the South & Central America artwork management software market in 2022, amassing US$ 9.11 million. It is projected to garner US$ 14.65 million by 2030 to expand at 6.1% CAGR during 2022-2030.

Based on country, the South & Central America artwork management software market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held 67.6% share of South & Central America artwork management software market in 2022, amassing US$ 16.46 million. It is projected to garner US$ 27.09 million by 2030 to expand at 6.4% CAGR during 2022-2030.

Key players operating in the South & Central America artwork management software market are Esko-Graphics BV, Freyr LLC, Karomi Inc, and Dassault Systèmes SE, among others.


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