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; it is estimated to grow at a CAGR of 10.9% from 2022 to 2030.
Emergence of New and Sophisticated Technologies Drive Asia Pacific Artwork Management Software Market
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 Asia Pacific artwork management software market in the coming years.
Asia Pacific Artwork Management Software Market Overview
The APAC artwork management software market is segmented into Australia, China, South Korea, India, Japan, and the Rest of Asia Pacific. The market has massive growth potential, with rapidly-growing countries such as China and India as well as developed nations such as Japan. The region has a well-established manufacturing sector, including electronics, food & beverages, automobiles, and healthcare industries, among others. The manufacturing sector in APAC is rapidly adopting robotics, cloud computing, mobility, and other new technologies. Additionally, the rising trend of agri-food export in Asia Pacific is increasing the demand for artwork management software among food manufacturers. Multinational food and beverage companies have tremendous potential to grow or expand their presence in Asia Pacific. According to Science Group plc, the food & beverages market in APAC is expected to record a CAGR of 11% from 2020 to 2024 and reach US$ 277 billion. With the growth in the food & beverages industry, manufacturers must keep themselves aware of relevant legislation and consumer trends to maximize their opportunities in untapped markets. Rising awareness related to the significant benefits of artwork management software in food and beverage packaging is creating opportunities for the market growth. The artwork management software helps food and beverage manufacturers make numerous changes in labeling from a variety of product types, such as customized labels based on geographical areas, dietary restrictions, and hypersensitivity. The software enables companies to respond to particular customer needs while preserving a consistent image of the brand on the product. These factors are anticipated to increase the demand for artwork management software among consumers in the region.
Furthermore, governments of developing countries have been introducing policies such as Make in India and Made in China 2025 to encourage the establishment of manufacturing plants to make themselves self-sufficient and capable of exporting surplus goods. Thus, this flourishing sector is deploying advanced and automated solutions in various processes, thereby creating demand for artwork management software. Moreover, India is one of the countries that is majorly dependent on the agricultural sector. This makes it a prominent hub for the food & beverages industry. The presence of large food and beverage brands across the region and their growing investments in the automation of processes such as packaging and labeling are bolstering the adoption of artwork management software. The use of artwork management software supports manufacturers to create numerous label variations for different product variants. For instance, Nestle (which has a strong manufacturing presence in APAC) has adopted artwork management solutions of Blue Software, LLC (Esko Company) for simplifying their labeling and packaging processes with the help of automated workflow templates and other online proofing tools. The adoption of these solutions has also enabled the company to automate the packaging artwork and approval processes, increase efficiency, cut costs, and decrease labeling and packaging time.
Asia Pacific Artwork Management Software Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Artwork Management Software Market Segmentation
The Asia Pacific artwork management software market is segmented based on deployment, application, and country.
Based on deployment, the Asia Pacific artwork management software market is bifurcated into cloud and on-premise. The cloud segment held a larger share in 2022.
By application, the Asia Pacific artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment held the largest share in 2022.
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 dominated the Asia Pacific artwork management software market in 2022.
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 are some of the leading companies operating in the Asia Pacific artwork management software market.
1. enLabel Global Services Inc
2. Karomi Inc
3. Loftware Inc
4. Perigord Asset Holdings Ltd
5. Freyr LLC
6. Esko-Graphics BV
7. Pharmaceutical Design BV
8. GreatFour Systems Inc
9. Kallik Ltd
10. Aptean Inc