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Graphic Designing Software Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

03-04-2024 02:48 PM CET | IT, New Media & Software

Press release from: The Business research company

Graphic Designing Software Market

Graphic Designing Software Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Graphic Designing Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The graphic designing software market size has grown rapidly in recent years. It will grow from $7.57 billion in 2023 to $8.43 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to stringent regulatory compliance, growth in healthcare expenditure, increased focus on patient safety, rise in diagnostic testing and healthcare services, globalization of clinical trials, demand for traceability in supply chain..

The graphic designing software market size is expected to see strong growth in the next few years. It will grow to $12.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to continued regulatory requirements, advancements in material science, focus on sustainability and eco-friendly labels, increased adoption of rfid and smart labels, global collaboration in clinical research, personalized medicine trends.. Major trends in the forecast period include increasing adoption of rfid technology, rising emphasis on sustainable labeling, integration of smart labels for data management, customization and personalization of labels, stringent regulatory compliance requirements, adoption of color-coded labeling systems..

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Market Segmentation:
The graphic designing software market covered in this report is segmented -

1) By Software Type: Vector Graphics Editing Software, Raster Graphics Editing Software, Desktop Publishing (DTP) Software, UI/UX Design Software, 3D Modeling and Animation Software
2) By Deployment Type: On-Premises, Cloud-Based
3) By End-User: Marketing And Advertising, Media And Entertainment, E-Commerce, Education, Web Design and Development, Print And Publishing

Major Driver - Impact Of Visual Content On Graphic Design Software Market
The increasing demand for visual content is expected to propel the growth of the graphic design software market going forward. Visual content refers to online content that is predominantly image-based. Graphic design software is used to create and manipulate visual content to empower them to bring ideas to life, communicate messages effectively, and contribute to the overall aesthetics of various media forms. For instance, in December 2023, according to Venngage Inc., a Canada-based software company, around 40% of marketers expect 20-50% of firms will rely substantially on visual content by the end of 2024, with 31.43% expecting more than 50%. Therefore, the increasing demand for visual content is driving the growth of the graphic design software market.

Competitive Landscape:
Major companies operating in the graphic designing software market report are Wacom, Adobe Inc, Sketch, Autodesk Inc, Canva, Figma, Corel Corporation, Celsys Inc, Serif (Affinity), Pixlr, InVisionApp Inc, Quark Software Inc, Xara Group Ltd, Procreate, DesignCrowd, Venngage Inc, Vectr, PaintShop Pro, ArtRage, Gravit Designer, Pixelmator, BeFunky Inc, Snappa, Lucidpress Inc, Crello, Blender Foundation, GIMP (GNU Image Manipulation Program), ACDSee Photo Editor, CyberLink PhotoDirector, Krita Foundation

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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