Label Printing Software Market is Projected to Grow Expeditiously: To Reach USD 936.2 Million by 2031, Report

According to the report published by Allied Market Research, the global label printing software market amassed revenue of $565.2 million in 2021, and is expected to hit $936.2 million by 2031, registering a CAGR of 5.2% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space.

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The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to enhance their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving industry.

Covid-19 Scenario

The Covid-19 pandemic created an adverse impact on the growth of the global label printing software market with disruptions in printing activities and supplier operations leading to supply shortages and temporary closure of factory units in countries such as Germany, China, the UK, Southeast Asia, and others.

Short-term supply outages and supply shortages created logistical difficulties such as slow service delivery to the end-use industries during the COVID-19 pandemic.

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The report offers detailed segmentation of the global label printing software market based on component, deployment model, organization size, end use vertical, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures through which consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.

In terms of components, the solutions segment was the largest in 2021, accounting for more than three-fifths of the overall share of the global label printing software market. Moreover, this segment is predicted to retain its dominant position during the forecast timespan. Furthermore, the services segment is set to record the highest CAGR of 6.8% from 2022 to 2031.

On basis of the deployment model, the on premise segment held the largest share in 2021, contributing to nearly three-fifths of the overall label printing software market. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the cloud segment is also anticipated to record the fastest CAGR of 6.6% during the forecast timeframe. The report also analyzes other segments such as the off-grid segment.

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Based on the organization size, the SMEs segment held the largest share in 2021, contributing to nearly three-fifths of the global label printing software market share. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the large enterprise segment is expected to register the highest CAGR of 6.4% during the forecast period.

Based on end use vertical, the retail segment held the largest share in 2021, contributing more than one-fourth of the global label printing software market share. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the foods and beverages segment is expected to register the highest CAGR of 8.0% during the forecast period

Based on region, the North American continent contributed toward the highest market share in 2021, accounting for nearly two-fifths of the global label printing software industry share. The North American market is set to dominate the regional market in the foreseeable future. The Asia-Pacific label printing software market is predicted to register the fastest CAGR of 6.4% during the forecast timespan. The report also analyzes regions including the LAMEA and Europe.

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Key participants in the global label printing software market examined in the research include Canon, Inc., Seiko Epson Corporation, Epaper Ltd., Nuance Communications, Hewlett-Packard Inc., HID Global, Ringdale UK Ltd., Honeywell International Inc., Lenovo Group Ltd., and Xerox Corporation.

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