Market growth for label and artwork management applications



Labeling and Illustration Management Applications Market

Market Snapshot:
Experts predict that the global label and artwork management applications market is expected to grow at a CAGR of approximately 6.45% during the period 2020-2027. Business leaders typically rely on strategies to attract new buyers in order to increase profits and maximize revenue. This strategy is linked to three activities: resource management, performance improvement and cost reduction. Labeling and management of illustrations (LAM) is one of the main techniques for managing all three variables simultaneously. Global demand for medical devices, PPE bags, disinfectants, drugs and vaccines is expected to increase in the coming years due to the COVID-19 pandemic.

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Key Players Covered In This Report: Seagull Scientific, Inc., Loftware, Inc., Esko-Graphics BV, enLabel Global Services, Kalypso: A Rockwell Automation Company, Kallik Ltd. and Perigord, among others., and more. .

By deployment, on-premise, cloud
By Application, Pharmaceutical, Chemical, Food & Beverage, Beauty & Cosmetics, Consumer Electronics, Courier & Port Logistics, Others

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Growing domestic demand and expanding pharmaceutical industry to drive demand for labeling and artwork management applications in the APAC region:
The Asia-Pacific region is expected to hold the largest market share in the global illustration labeling and management applications market during the forecast period 2021-2026. Growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam and Indonesia.

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AML is divided into three categories, which may or may not overlap, but all of them combine with product quality data:
Traditional management of labels and works of art
Electronic labeling
Company labeling

Impact of COVID-19:
COVID-19 pandemic, many global economies have suffered extreme economic hardship, raising concerns about the consistency and speed of the supply chain across continents. Some have also faced an industry downturn due to supply chain failures in domestic markets and trade barriers in international markets. Healthcare companies, on the other hand, have seen a significant increase in demand for individual products and services. To maintain sales during the pandemic, most labeling and artwork management technology vendors have focused on industries such as pharmaceuticals, housewares, surgical devices, and food and beverage, which have been performing well. performed in these tumultuous times.

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