The global labeling software market has surged to prominence, amassing an impressive US$ 519.5 million in 2021. Anticipating a Year-on-Year (Y-o-Y) rise of 6.5%, it is set to be valued at US$ 553.8 million in 2022. Fuelled by steadfast backing from diverse governmental entities, the market’s trajectory is poised to ascend to a remarkable US$ 975.8 million by 2032. This surge is projected to unfold at a steady 5.8% Compound Annual Growth Rate (CAGR) throughout the forecast period.
The labeling software arena is undergoing a profound transformation, spurred by the infusion of innovative technology. This infusion has led to the introduction of diverse and advanced labeling software solutions. Moreover, contemporary labels now come equipped with tracking and anti-counterfeiting attributes, adding a layer of convenience for product manufacturers in terms of shipment monitoring. These labels also offer tamper-proof features, ensuring seamless delivery to their intended recipients.
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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
Competitive Landscape
Eminent players of the global Labeling 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.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Labeling 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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Key Segments Covered in the Labeling Software Industry Survey
Labeling Software Market by Deployment Mode:
- On-Premises Labeling Software
- Cloud-based Labeling Software
Labeling Software Market by Enterprise Size:
- Labeling Software for SMEs
- Labeling Software for Large Enterprises
Labeling Software Market by End user:
- Labeling Software for FMCG
- Labeling Software for Retail
- Labeling Software for Healthcare
- Labeling Software for Warehousing and Logistics
- Labeling Software for Other End Users
Labeling Software Market by Region:
- North America Labeling Software Market
- Latin America Labeling Software Market
- Europe Labeling Software Market
- APAC Labeling Software Market
- The Middle East & Africa Labeling Software Market
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