At 9.8% CAGR, the Europe Artwork Management Software Market is Projected to be Worth US$ 330.45 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe artwork management software market was valued at US$ 156.28 million in 2022 and is expected to reach US$ 330.45 million by 2030, registering a CAGR of 9.8% from 2022 to 2030. Growing use in FMCG industry and growing adoption in pharma and life science sectors are among the critical factors attributed to the Europe artwork management software market expansion.

The fast-moving consumer goods (FMCG) & retail sector is undergoing constant pressure to launch newer products in the market. Every launch experiences a product development cycle to provide each project in a specified time frame. Owing to the fact that packaging is the first aspect consumers observe and touch, it holds a significant position for every brand. If there is any issue in the content or design of the product packaging, the FDA might impose fines on the company. It can also result in the company being unable to effectively communicate product information to the customer due to content or design flaws. Hence, to effectively convey information about the brand, usage guidelines, ingredients, and safety and efficacy statistics, the use of artwork management software is increasing rapidly in the FMCG industry. Furthermore, FMCG companies have to manage the enormous amount of artwork and packaging changes for each sales season, raising the demand for an effective automatic artwork management system. Further, consumers are opting for sustainably sourced and recyclable packaging materials. The demand for artwork management software is rapidly increasing among artwork designers in order to ease the packaging procedure, along with other crucial processes, in the FMCG industry, boosting the growth of the Europe artwork management software market.

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

Based on deployment, the Europe artwork management software market is bifurcated into cloud and on-premise. The cloud segment held 54.7% share of the Europe artwork management software market in 2022, amassing US$ 85.48 million. It is projected to garner US$ 191.17 million by 2030 to expand at 10.6% CAGR during 2022-2030.

By application, the Europe artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment held 38.8% share of the Europe artwork management software market in 2022, amassing US$ 60.60 million. It is projected to garner US$ 129.40 million by 2030 to expand at 9.9% CAGR during 2022-2030.

Based on country, the Europe artwork management software market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany held 30.6% share of Europe artwork management software market in 2022, amassing US$ 47.88 million. It is projected to garner US$ 117.06 million by 2030 to expand at 11.8% CAGR during 2022-2030.

Key players operating in the Europe artwork management software market are enLabel Global Services Inc, Loftware Inc, Perigord Asset Holdings Ltd, Freyr LLC, Esko-Graphics BV, Pharmaceutical Design BV, Kallik Ltd, and Aptean Inc, among others.




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