The global labelling software market is estimated to garner US$ 975.8 Million while exhibiting a 5.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 553.8Million in 2022.
The growth of the labelling software market is attributed to increasing demand for automation in the food industry, improving the economic condition, urbanization, and the growing need for packaging solutions for various products. Also, to help in the branding of various products, the product manufactured is seeking versatile labelling software.
This surging demand for accurate labelling increases the growth of the labelling software market. Moreover, the rapidly growing e-commerce industry is further contributing to the growth of labelling software. As this software are simple to use and saves lots of time and money, they are automatically emerging as a preferred choice for the business that deals in multiple products.
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As per the analysis, the large enterprises segment is anticipated to hold remunerative opportunities for the global labelling software market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.
Key Takeaways from the Market Study
- Based on deployment mode, the joint on-premises segment is expected to record a 5.5% CAGR by 2032
- By Enterprise size, the large enterprises segment to expand at a 5.3% growth rate during the forecast period
- The U.S market to garner US$ 348.2 Million and record a 5.6% CAGR from 2022-2032
- Market in China to procure US$ 72.4 Million, expanding at a 5.5% growth rate during the assessment period
“Rapid technological innovations and increasing importance of labelling techniques is expected to fuel the demand of labelling software market over the forecast period,” says an analyst at FMI
Competitive Landscape
Eminent players of the global labelling software market include Blue Software Llc, Cybra Corporation, Data Systems International Inc. (Dsi), Endicia, Euro Plus Ltd. among others. Recent key developments among players include:
- In March 2020 – CYBRA Corporation has announced the addition of support for Epson Colorwork color inkjet printers. Ideal for high mix label requirements, Epson ColorWorks printers deliver dependable, commercial inkjet printing with fast-drying, durable color inks while reducing the cost of using pre-printed labels.
- In February 2022– Dun & Bradstreet Holdings, Inc. a leading global provider of business decisioning data and analytics, and Google Cloud, today announced a 10-year strategic agreement to leverage Google Cloud for infrastructure modernization and jointly innovate new industry-specific solutions and services to help businesses operate more efficiently.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Labelling Software Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Deployment Mode (On-Premises, Cloud) by Enterprise Size (SME, Large Enterprises) by End-user(FMCG, Retail, Healthcare, Warehousing & Logistics, Others) and Region (North America, Latin America Europe, APAC, and Middle East & Africa)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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