Artwork Management Software Market: Global Analysis and Future Projections

According to our latest market study on "Artwork Management Software Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Deployment and Application," the market was valued at US$ 551.06 million in 2022 and is expected to reach US$ 1,128.58 million by 2030; it is estimated to record a CAGR of 9.4% from 2022 to 2030.

Artwork management is the practice of automating procedures, shortening approval times, and improving overall performance. Artwork management software automates the process by saving time and resources while assisting in staying organized and maintaining clear and reliable branding. The demand for this software for product packaging has increased because of globalization and evolving regulatory requirements for labelling and artwork. New product releases, line extensions, marketplace extensions, promotions, regulatory changes, and barcode changes result in artwork changes across all industries as the new and updated information regarding the products needs to be added while labelling and packing of the products.

?The demand for artwork management software is continuously increasing in the pharmaceutical industry as it operates within strict regulatory frameworks where accuracy, compliance, and safety are paramount. In the pharmaceutical industry, artwork approval involves extensive scrutiny to optimize label design management and packaging to ensure that the information provided are correct and accurate meeting the patient’s needs and regulatory standards set by government agencies. This is boosting the demand for artwork management software in the pharmaceutical industry, fueling the growth of the market. Moreover, as cloud-based artwork management software can help to connect people and processes across internal departments, suppliers, agencies, customers, and vendors to get products faster to the market while also meeting regulatory compliance, its demand is increasing, which is expected to create a lucrative opportunity for the market growth during the forecast period.

The growing pharmaceutical industries across the globe increases the demand for artwork management software. To cater to the increasing demand for artwork management software among users in several countries such as the US, Germany, France, China, and Japan. These countries have already made their plans for researching and developing pharmaceuticals across their respective regions. For instance, According to Atradius Collections, the US represents around 45% of the global pharmaceutical market with 22% of world production. The US pharmaceutical production and sales will continue to be strong after 2022 due to the ongoing worldwide distribution of vaccines. Also, according to Germany Trade & Invest, the sale of pharmaceuticals increased by 6.7%, reaching US$ 60.8 billion in 2020. The country also developed to become one of the major producers of new biotherapeutics due to the rising demand for personalized medicine globally. Such factors are expected to generate future opportunities for artwork management software during the forecast period across the Europe region.

The top five companies in the artwork management software market are Esko-Graphics BV., Karomi Inc, Loftware, Inc., Perigord Life Science, and Freyr LLC. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.

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