The artwork management software market in Asia Pacific is expected to grow to US$ 171.49 million by 2028 from US$ 85.93 million in 2021. The market is estimated to grow at a CAGR of 10.4% from 2021 to 2028. The trend of using advanced technologies is prevailing across the world. For instance, Kallik has introduced a software platform operating on Amazon Web Services. Kallik, a labelling & artwork management solution company for regulated market, has unveiled Veraciti software platform. The platform is the first label & artwork management solution, which runs fully on the Amazon Web Services cloud platform. The manufacturers in heavily regulated industries would be benefitted from highest possible levels of constant availability and cloud security, and easy onboarding of a new labelling and artwork technologies like machine learning and artificial intelligence. Kallik’s platform is capable of providing manufacturers of heavily regulated industries, including pharmaceuticals, MedTech, chemicals, cosmetics, and food & beverages, with greatest security level and regulatory compliance and the ability to execute new artwork and labelling technologies. Adoption of the company’s platform will allow the end-use industry to future-proof their business operations and to take leverage from the adoption of machine learning and artificial intelligence. Therefore, with an advent of such advanced technologies and platforms, the artwork management platform penetration will rise among high regulated industries, thereby increasing the scope of artwork management tool market during the forecast period.
APAC is greatly affected by COVID-19 outbreak pandemic. The country homes the largest population across the world, thereby imposing greater risk for the large number of individuals. It is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as India, Australia, and Japan. The countries are experiencing downward inflation. China is one of the leading manufacturing countries in the region, and initially, the most affected country in APAC. Owing to this, the manufacturing facilities have been witnessing severe conditions in its manufacturing sufficient volumes of products. In addition, the artwork management tool market in APAC is dominated by China since the country has a significantly higher number of manufacturers. Amid pandemic, fewer workforce in each of the production facilities has resulted in limited production, thereby leading the manufacturers to witness the loss. Nevertheless, since May 2020, the Chinese manufacturing facilities have started operating with higher manpower, which begun showcasing a positive trend in the artwork management tool market in China. Japan and India are the other two critical countries in the artwork management tool market. As China, Japan, Taiwan, and South Korea are known for having strong base of manufacturing units, the penetration of artwork management tool has declined due to temporary closure of manufacturing plants. However, with business getting resumed, the scope of the same will expand gradually in the coming years.
Based on application, the Asia Pacific artwork management software market is segmented into life sciences, retail, manufacturing, and others. The life sciences segment led the market in 2020. The life sciences segment are facing critical challenges in terms of collaborating within distributed brand and production teams within a global supply chain by achieving time & cost savings with smaller teams; creating informative packaging & promotional materials; and managing increasing volumes of information about artwork. The artwork management software helps with bill of materials and product lifecycle management systems to support the entire graphics-related workflow and perform the workflow optimization and brand asset management. For instance, BLUE Software, LLC provides artwork management software for highly regulated and validated environments. The software includes bill of materials and product lifecycle management systems and help to measure ROI (return on investment) benefits.
The Asia Pacific artwork management software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific artwork management software market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific artwork management software market. enLabel Global Services; Karomi Inc.; Loftware, Inc.; Perigord Life Science Solutions; Freyr; Esko-Graphics BV.; Twona; GreatFour Systems; Kallik; and Lascom are among the leading companies in the market.