The global enterprise labeling software market is expected to post a
CAGR of close to 6% during the period 2019-2023, according to the latest
market research report by Technavio.
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The global enterprise labeling software market will post a CAGR of close to 6% during the period 2019-2023 (Photo: Business Wire).
Enterprise labeling facilitates the linking of the labeling process with
various business operations. The integration of enterprise labeling
software delivers benefits such as enterprise-level data collaboration,
supply chain efficiency, adherence to regulations, and labeling
consistency while providing the required flexibility in label printing.
Furthermore, enterprise labeling software helps maintain accuracy during
the printing process as accuracy is one of the factors that ensure the
compliance of companies with product information disclosure regulations
in their respective end-user segment. Thus, the rising requirements for
enterprise labeling to streamline various business operations are
expected to support the growth of the market during the forecast period.
As per Technavio, the increasing demand for dynamic labeling will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
enterprise labeling software market research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global enterprise labeling software market:
Increasing demand for dynamic labeling
With dynamic labeling introducing agility in the enterprise labeling
process and enabling manual changes and updates to the database
accordingly, its demand has significantly risen over the years. These
updates using enterprise labeling software streamline the label
formatting and printing processes by managing the regional, language,
regulatory, and customer-specific information on the labels, which also
reduces the inconsistency-related risks in labeling. Moreover, dynamic
labeling also enables easy color labeling. The use of color labeling
facilitates compliance with regulatory policies as well as
differentiates the products. Thus, a rise in the demand for dynamic
labeling is expected to fuel the adoption of enterprise labeling
software, during the forecast period.
“Apart from the increasing demand for dynamic labeling, the increase
in adoption of cloud-based applications is another factor that is
expected to boost the growth of the global market. Cloud-based
enterprise applications is propelling the demand for cloud-based
labeling applications as they offer many advantages, including a reduced
upfront cost for software ownership, zero maintenance and support costs,
lower integration complexities, and the flexibility of the pay-as-you-go
model. Thus, such solutions allow businesses to focus more on their core
operations instead of worrying about increasing their IT overhead
costs,” says a senior analyst at Technavio.
Global enterprise labeling software market:
This market research report segments the global enterprise labeling
software market by end-user (FMCG, retail, healthcare, warehousing and
logistics, and others) and geographical regions (APAC, North America,
Europe, MEA, and South America).
The APAC region led the market in 2018, followed by North America,
Europe, MEA, and South America, respectively. During the forecast
period, the APAC region is expected to continue dominating as well as
register the highest incremental growth due to a number of end-users
investing heavily in enterprise labeling software in the region.
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Five Forces Analysis
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