According to a new report, published by KBV research, The Global Label Printing Software Market size is expected to reach $753.4 million by 2028, rising at a market growth of 5.5% CAGR during the forecast period.
The Services market is poised to grow at a CAGR of 8% during (2022 - 2028). The control and optimization of printing technology and related processes are made possible by print management services. Additionally, it aids in controlling the kind and amount of printed content. It also manages print queues, provides options for secure printing, and provides user authentication options for access to printers and other document print services.
The Cloud market is generating the highest revenue share in the Global Label Printing Software Market by Deployment Mode in 2021; thereby, achieving a market value of $507.4 million by 2028. Cloud-based print services may significantly reduce the IT effort and expenses associated with managing print servers while providing additional cost and productivity advantages. The best course of action for businesses that truly want to benefit from print software benefits is usually to move this activity to the cloud, even if there are on-premise options that permit print server consolidation.
The Small & Medium Enterprises (SMEs) market is showcasing a CAGR of 6.7% during (2022 - 2028). Small and medium-sized enterprises (SMEs) in developing countries like India are becoming more open to innovative cost-cutting strategies and are now considered a potential market for print software. Due to the authorities' established legislation requiring the printing of the relevant information on the product's label, the market in this area is expected to expand.
The Retail market is leading the Global Label Printing Software Market by Vertical in 2021; thereby, achieving a market value of $183 million by 2028. Electronic gadgets called retail printers are utilized in the retail setting and are made particularly for printing labels and receipts. Ribbons and labels work together in a retail printer to produce a picture. Labels, ribbons, and paper are the consumables that are utilized with retail printers. Because these consumables are easily accessible, the market is growing as a result.
The North America market dominated the Global Label Printing Software Market by Region in 2021; thereby, achieving a market value of $246.3 million by 2028. The Europe market is poised to grow at a CAGR of 4.8% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 6.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/label-printing-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of TE Connectivity Ltd., Hewlett-Packard Enterprise Company, Honeywell International, Inc., Canon, Inc., Nuance Communications, Inc. (Microsoft Corporation), Xerox Corporation, Seiko Epson Corporation, Lenovo Group Limited, HID Global Corporation, and ePaper, Ltd.
By Component
By Deployment Mode
By Organization Size
By Vertical
By Geography
Companies Profiled
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